Sangoma Technologies Corp reports results for the quarter ended June 30 - Earnings Summary

• Sangoma Technologies Corp STC.TO reported a quarterly adjusted loss of 7 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of two analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -7 cents to -3 cents per share.

• Revenue fell 19.4% to $46.80 million from a year ago; analysts expected $52.10 million.

• Sangoma Technologies Corp's reported EPS for the quarter was a loss of $2.24​.

• The company reported a quarterly loss of $74.43 million.

• Sangoma Technologies Corp shares had fallen by 5.8% this quarter and lost 30.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 46.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

This summary was machine generated from LSEG data September 28 at 11:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)