Canada's Sangoma Q1 revenue rises 0.5%
SANG•Sangoma's fiscal first-quarter revenue rose 0.5% from the prior quarter. The company posted a net loss of $2.9 million and adjusted EBITDA of $7.3 million, and suspended fiscal 2027 guidance due to its pending acquisition by BRC Group Holdings.
1. Quarterly results
Sangoma said fiscal first-quarter revenue rose 0.5% from the prior quarter. It reported a net loss of $2.89 million and adjusted EBITDA of $7.31 million.
2. Guidance suspended
The company suspended financial guidance for fiscal 2027 because of its pending acquisition by BRC Group Holdings, which it announced on September 28. The deal is expected to close in January 2027. Sangoma said recurring revenue stabilized, operating expenses fell 3% from the prior quarter, and quarterly customer churn remained low at 1.22%.
