- Sangoma Technologies press release ( NASDAQ: SANG ): Q1 GAAP EPS of -$0.06 beats by $0.06 .
- Revenue of $64.05M misses by $2.38M .
- Adjusted EBITDA 1 was $10.74 million in the first fiscal quarter of 2023, compared to $10.09 million for the same period of the prior year, and was approximately 17% of sales, the same ratio as existed in the most recently completed quarter.
- Sangoma continues to maintain a healthy balance sheet, finishing the quarter with a cash balance of $8.29 million on September 30, 2022, generates positive Adjusted Cash Flow 1 , and remains comfortably within its debt covenants.
- The Company is maintaining its outlook for the fiscal 2023 year. We expect to generate revenue of between $275 and $285 million, and Adjusted EBITDA to be in a range of $48 to $52 million.
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Sangoma Technologies GAAP EPS of -$0.06 beats by $0.06, revenue of $64.05M misses by $2.38M