$SANG

Sangoma Technologies Corp

CIK:0001753368|SEC Filings

Consolidated statements of loss and comprehensive loss - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Profit or loss [abstract]
Revenue	$ 200,065	$ 236,692
Cost of sales	56,402	74,943
Inventory write-down	3,000	0
Gross profit	140,663	161,749
Expenses
Sales and marketing	48,866	50,974
Research and development	42,904	42,149
General and administration	30,406	37,129
Amortization of intangible assets	32,112	32,768
Interest expense (net)	2,024	4,012
Restructuring and business integration costs	2,506	961
Goodwill impairment	68,394	0
Loss on sale, divestiture of subsidiary	0	99
Loss before income tax	(86,549)	(6,343)
Provision for income taxes
Current	563	3,853
Deferred	(6,018)	(5,186)
Net loss	(81,094)	(5,010)
Items to be reclassified to net loss
Loss in fair value of interest rate swaps, net of tax	(173)	(561)
Foreign currency translation gain	120	0
Comprehensive loss	$ (81,147)	$ (5,571)
Loss per share
Basic (in dollars per share)	$ (2.44)	$ (0.15)
Diluted (in dollars per share)	$ (2.44)	$ (0.15)
Weighted average number of shares outstanding
Basic (in shares)	33,244,861	33,497,223
Diluted (in shares)	33,244,861	33,497,223

Consolidated statements of cash flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities
Net loss	$ (81,094)	$ (5,010)
Adjustments for:
Depreciation of property and equipment	3,250	4,066
Depreciation of right-of-use assets	1,508	2,564
Income tax recovery	(5,455)	(1,333)
Income taxes paid	(1,381)	(2,325)
Share-based compensation expense	2,486	2,908
Unrealized foreign exchange gain (loss)	15	(50)
Goodwill impairment	68,394	0
Accretion expense	225	301
Loss on disposal of property and equipment	170	220
Loss on sale, divestiture of subsidiary	0	99
Changes in working capital
Trade and other receivables	(674)	5,822
Inventories	3,465	3,651
Sales tax receivable	(606)	254
Contract assets	605	973
Other assets	(464)	197
Sales tax payable	(2,647)	(1,920)
Accounts payable and accrued liabilities	(995)	(4,581)
Provisions	(30)	(233)
Other non current liabilities	(202)	691
Contract liabilities	(1,127)	(2,922)
Net cash provided by operating activities	23,702	41,786
Investing activities
Purchase of property and equipment	(1,784)	(2,391)
Development costs	(6,246)	(6,448)
Proceeds from sale of VoIP Supply LLC	4,500	0
Net cash flows used in investing activities	(3,530)	(8,839)
Financing activities
Repayments of operating facility and loan	(20,600)	(29,925)
Repayment of lease obligations on right-of-use assets	(1,755)	(2,924)
Common shares issued under employee share purchase plan	148	0
Common shares purchased and canceled	(1,028)	(2,835)
Net cash flows used in financing activities	(23,235)	(35,684)
Decrease in cash and cash equivalents	(3,063)	(2,737)
Cash and cash equivalents, beginning of the year	13,494	16,231
Cash and cash equivalents, end of the year	10,431	13,494
Intangible
Adjustments for:
Amortization	$ 32,112	$ 32,768

Consolidated statements of financial position - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Current assets
Cash and cash equivalents	$ 10,431	$ 13,494
Trade and other receivables	11,305	15,131
Inventories	4,762	8,227
Sales tax receivable	837	231
Income tax receivable	1,225	484
Contract assets	1,046	1,172
Current derivative financial assets	64	254
Other current assets	4,043	3,629
Current assets	33,713	42,622
Non-current assets
Property and equipment	4,797	6,433
Right-of-use assets	5,909	7,215
Intangible assets	59,012	91,124
Development costs	8,235	8,438
Deferred income tax assets	3,707	1,711
Goodwill	118,446	186,840
Contract assets	1,273	1,752
Derivative assets	0	41
Other non-current assets	419	369
Assets	235,511	346,545
Current liabilities
Accounts payable and accrued liabilities	14,557	15,552
Provisions	142	172
Sales tax payable	1,365	4,012
Income tax payable	382	647
Operating facility and loans	18,412	20,600
Contract liabilities	6,711	7,037
Lease obligations on right-of-use assets	1,570	1,456
Current liabilities	43,139	49,476
Long term liabilities
Operating facility and loans	8,888	27,300
Contract liabilities	1,894	2,695
Non-current lease obligations on right-of-use assets	5,308	6,752
Deferred income tax liabilities	0	4,297
Other non-current liabilities	1,628	1,830
Liabilities	60,857	92,350
Shareholders’ equity
Share capital	380,859	380,126
Contributed surplus	21,822	20,949
Accumulated other comprehensive income	12	65
Accumulated deficit	(228,039)	(146,945)
Shareholders’ equity	174,654	254,195
Total liabilities and shareholders' equity	$ 235,511	$ 346,545