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Sangoma Announces Earnings - They're Doing Very Well

Sangoma's consistent strong earning continue. They're a real leader in their market space and their ongoing stellar growth in revenue shows that quarter after quarter.

SANGOMA Q3 FINANCIALS SHOW A 24% INCREASE IN REVENUES OVER Q2: ANOTHER RECORD QUARTER IN SALES AND EARNINGS

Third quarter sales climb to $2,237,699 resulting in net income of $579,245

MARKHAM, ONTARIO, May 28, 2007 - Sangoma Technologies Corporation (TSXV: STC) a leading provider of connectivity hardware and software products for voice, WANs and Internet infrastructure, today released highlights of its unaudited results for the financial quarter ended March 31, 2007.

 

Q3 2006-2007

Q3 2005-2006

Increase

Sales

$2.24 million

$1.33 million

68%

Net income before provision for income taxes

$0.89 million

$0.53 million

69%

Net earnings

$0.58 million

$0.37 million

56%

Net earnings per share

$0.021

$0.014

54%

Both sales and net earnings represent new all time records for the company.

The company finished the quarter ended March 31, 2007 with working capital of $4.72 million, compared to $2.83 million at June 30, 2006, an increase of 67%.

"Sangoma's revenue grew 24% in Q3 relative to our previous record Q2 numbers as our new products gain traction in the marketplace," says Sangoma Technologies President and CEO, David Mandelstam. "It is gratifying to see that we are increasingly meeting customer needs, resulting in our long-standing growth trend where we are growing faster than the market itself."

About Sangoma Technologies Corporation
Founded in 1984, Sangoma Technologies Corporation is a leading provider of connectivity hardware and software products for VoIP, TDM voice, WANs and Internet infrastructure.  The company develops and manufactures voice and data communication products including the industry-leading series of Advanced Flexible Telecommunications (AFT) PCI cards.  Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSXV: STC - News).

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Ken Camp's Bio:

Ken Camp has more than 25 years of experience in information technology. Ken spent 17 years with AT&T and Lucent Technologies successfully designing and implementing voice and data networks. He later worked in the security marketplace and played a key role in early IPSec VPN deployments. As an independent consultant, Ken's primary focal areas include network performance improvement, security practices and the design and deployment of integrated voice and data solutions. He may be contacted at: ken_camp@realtimepublishers.net

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