Canada's Sangoma Q4 posts large net loss on goodwill impairment, inventory write-down
SANG•Sangoma reported a Q4 net loss of $72.52 million, including a $68.4 million non-cash goodwill impairment charge and a $3.0 million inventory write-down. Revenue was $49.71 million, and the company is not providing fiscal 2027 guidance while a pending acquisition proceeds.
1. Quarterly results
Sangoma's Q4 revenue was flat sequentially and down 4% year over year on a like-for-like basis. The company reported a $72.52 million net loss, or $2.19 per share, and adjusted EBITDA of $6.53 million.
2. Charges and acquisition
The net loss included a $68.4 million non-cash goodwill impairment charge and a $3.0 million inventory write-down. Sangoma said it corrected a reporting error involving cancelled and rewritten customer contracts, and that its sale of VoIP Supply was part of a strategy to exit low-margin, non-recurring resale activity. The company entered a definitive agreement to be acquired after a strategic review and is not providing fiscal 2027 guidance due to the pending acquisition.
