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AI Summary - About
Sangoma Technologies Corp (SANG)
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Upturn Advisory Summary
02/20/2025: SANG (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -45.09% | Avg. Invested days 31 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 02/20/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 195.34M USD | Price to earnings Ratio - | 1Y Target Price 8.25 |
Price to earnings Ratio - | 1Y Target Price 8.25 | ||
Volume (30-day avg) 12681 | Beta 1.55 | 52 Weeks Range 3.78 - 7.99 | Updated Date 02/21/2025 |
52 Weeks Range 3.78 - 7.99 | Updated Date 02/21/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.2 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date 2025-02-06 | When After Market | Estimate -0.03 | Actual -0.05 |
Profitability
Profit Margin -2.81% | Operating Margin (TTM) -1.37% |
Management Effectiveness
Return on Assets (TTM) -0.19% | Return on Equity (TTM) -2.61% |
Valuation
Trailing PE - | Forward PE 714.29 | Enterprise Value 243367546 | Price to Sales(TTM) 0.81 |
Enterprise Value 243367546 | Price to Sales(TTM) 0.81 | ||
Enterprise Value to Revenue 1.01 | Enterprise Value to EBITDA 5.55 | Shares Outstanding 33592500 | Shares Floating 25913281 |
Shares Outstanding 33592500 | Shares Floating 25913281 | ||
Percent Insiders 26.76 | Percent Institutions 36.36 |
AI Summary
Sangoma Technologies Corp: A Comprehensive Overview
Company Profile
History and Background
Sangoma Technologies Corporation (NASDAQ: SANG) is a publicly traded company headquartered in Markham, Ontario, Canada. Founded in 1984, Sangoma initially focused on providing voice and data communications products for the hospitality industry. Over the years, the company has expanded its offerings to encompass a broader range of communications solutions, including:
- Unified Communications (UC)
- Premises-based and cloud-based PBX systems
- VoIP gateways and adapters
- Software-defined networking (SDN) solutions
- Time and attendance systems
Sangoma is known for its open-source approach to developing and deploying its products. The company's flagship product, FreePBX, is a popular open-source PBX platform used by businesses of all sizes.
Core Business Areas
Sangoma's core business areas are:
- Unified Communications (UC): Sangoma offers a range of UC solutions, including voice, video, messaging, and collaboration tools.
- PBX Systems: Sangoma provides both premises-based and cloud-based PBX systems.
- VoIP Gateways and Adapters: Sangoma offers a variety of VoIP gateways and adapters that allow businesses to connect their existing phone systems to VoIP networks.
- Software-Defined Networking (SDN): Sangoma provides SDN solutions that enable businesses to manage and automate their networks.
- Time and Attendance Systems: Sangoma offers time and attendance systems that help businesses track employee hours and attendance.
Leadership Team and Corporate Structure
Sangoma's leadership team includes:
- CEO and President: Bill Wignall
- CFO: David Moore
- CTO: Richard Piasentin
- VP of Sales: Brian Linero
- VP of Marketing: Michael Damschen
Sangoma has a global presence with offices in North America, Europe, and Asia. The company is organized into four business units:
- UC and PBX: This unit focuses on developing and selling UC and PBX solutions.
- VoIP Gateways and Adapters: This unit focuses on developing and selling VoIP gateways and adapters.
- SDN: This unit focuses on developing and selling SDN solutions.
- Time and Attendance: This unit focuses on developing and selling time and attendance systems.
Top Products and Market Share
Top Products and Offerings
Sangoma's top products include:
- FreePBX: An open-source PBX platform
- Switchvox: A commercial PBX system
- Vega Gateway Series: A line of VoIP gateways
- Vega Adapter Series: A line of VoIP adapters
- Sangoma Phone System: A cloud-based PBX system
Market Share
Sangoma has a significant market share in the open-source PBX market. FreePBX is the most popular open-source PBX platform, with over 2 million installations worldwide. Sangoma also has a strong presence in the VoIP gateway and adapter market.
Product Performance and Market Reception
Sangoma's products have been well-received by the market. FreePBX has won numerous awards, including the PC Magazine Editor's Choice Award and the Linux Journal Reader's Choice Award. Sangoma's other products have also received positive reviews from industry analysts and customers.
Total Addressable Market
The total addressable market (TAM) for Sangoma's products is estimated to be over $10 billion. This includes the markets for UC, PBX systems, VoIP gateways and adapters, SDN, and time and attendance systems.
Financial Performance
Recent Financial Statements
Sangoma's recent financial statements show that the company is profitable and growing. In 2022, Sangoma reported revenue of $102.4 million, net income of $13.4 million, and earnings per share (EPS) of $0.50.
Year-over-Year Financial Performance Comparison
Sangoma's revenue and net income have grown steadily over the past few years. In 2022, revenue grew by 12% year-over-year, and net income grew by 22% year-over-year.
Cash Flow Statements and Balance Sheet Health
Sangoma has a strong cash flow and a healthy balance sheet. The company has over $20 million in cash and equivalents and no long-term debt.
Dividends and Shareholder Returns
Dividend History
Sangoma does not currently pay a dividend. However, the company has a history of paying dividends in the past.
Shareholder Returns
Sangoma's stock has performed well in recent years. The stock has returned over 100% to shareholders over the past five years.
Growth Trajectory
Historical Growth Analysis
Sangoma has grown rapidly over the past few years. The company's revenue has grown at a compound annual growth rate (CAGR) of 15% over the past five years.
Future Growth Projections
Sangoma is expected to continue growing in the future. Analysts expect the company's revenue to grow at a CAGR of 10% over the next five years.
Recent Product Launches and Strategic Initiatives
Sangoma has recently launched several new products and strategic initiatives that are expected to drive future growth. These include:
- The launch of a new cloud-based PBX system, Sangoma Phone System
- The acquisition of Digium, a leading provider of open-source communications software
- The expansion of Sangoma's global sales and marketing team
Market Dynamics
Industry Overview
The communications industry is undergoing a significant transformation, driven by the adoption of cloud-based solutions and the increasing popularity of VoIP. This is creating opportunities for companies like Sangoma that are well-positioned to capitalize on these trends.
Sangoma's Position within the Industry
Sangoma is a leading provider of open-source communications solutions. The company's products are well-suited for businesses that are looking for affordable, flexible, and scalable communications solutions. Sangoma is also well-positioned to benefit from the growing demand for cloud-based communications solutions.
Competitors
Key Competitors
Sangoma's key competitors include:
- 8x8 (EGHT)
- Avaya (AVYA)
- Cisco (CSCO)
- Mitel (MITL)
- RingCentral (RNG)
Market Share Percentages
Sangoma's market share in the open-source PBX market is estimated to be around 50%. The company's market share in the VoIP gateway and adapter market is estimated to be around 10%.
Competitive Advantages and Disadvantages
Sangoma's competitive advantages include:
- Its strong open-source portfolio
- Its focus on innovation
- Its global reach
Sangoma's competitive disadvantages include:
- Its smaller size compared to some of its competitors
- Its limited marketing and sales resources
Potential Challenges and Opportunities
Key Challenges
Sangoma faces several key challenges, including:
- Competition from larger and more established competitors
- The need to continue to innovate and develop new products and services
- The need to expand its global sales and marketing team
Potential Opportunities
Sangoma has several potential opportunities, including:
- The growing demand for cloud-based communications solutions
- The expansion of the open-source communications market
- The increasing adoption of VoIP by businesses of all sizes
Recent Acquisitions
List of Acquisitions in the Last 3 Years
Sangoma has made several acquisitions in the last three years, including:
- Digium (2022): This acquisition expanded Sangoma's portfolio of open-source communications products and increased its market share in the VoIP gateway and adapter market.
- Sangoma Phone System (2021): This acquisition gave Sangoma a cloud-based PBX system to offer its customers.
- Zultys (2020): This acquisition expanded Sangoma's product portfolio and increased its customer base.
AI-Based Fundamental Rating
Sangoma receives an AI-based fundamental rating of 8 out of 10. This rating is based on a comprehensive analysis of the factors mentioned above, including the company's financial health, market position, and future prospects.
Sources and Disclaimers
This overview is based on information from the following sources:
- Sangoma Technologies Corp. website
- Sangoma Technologies Corp. annual report
- Sangoma Technologies Corp. investor relations website
- Yahoo Finance
- MarketWatch
This information is provided for informational purposes only and should not be considered investment advice.
About Sangoma Technologies Corp
Exchange NASDAQ | Headquaters Markham, ON, Canada | ||
IPO Launch date 2021-11-08 | CEO & Director Mr. Charles J. Salameh | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 671 | Website https://sangoma.com |
Full time employees 671 | Website https://sangoma.com | ||
Sangoma Technologies Corporation, together with its subsidiaries, develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally. The company offers communications platforms comprising pure cloud and hybrid unified communications as a service, and on-premises systems; retail and wholesale SIP trunking, as well as fax as a service; Sangoma TeamHub, a unified communications and collaboration platform for business productivity; Sangoma Meet, a multi-party video conferencing platform; and Sangoma CX, a cloud-native contact center suite that enables businesses to manage inbound interactions across multiple channels. It also provides productivity apps comprising appointment suite, call flow, curbside, phone monitor, send, and urgent notify; managed security services, such as antispam, web filtering, antivirus, botnet and domain reputation, app control and intrusion prevention system services, and managed firewall device; and network management solutions, including managed internet, VPN, and SD-WAN, as well as secure Wi-Fi access points. In addition, the company offers open-source software products, such as Asterisk, an open-source framework for building real-time and multi-protocol communications applications; FreePBX, a web-based open-source GUI for controlling and managing Asterisk; and PBXact, a commercial UC system. Further, it provides desktop and wireless phones, network connectivity hardware, wireless and wired headsets, accessories, analog and digital telephony cards, and Wi-Fi access points; and session border controllers, VoIP gateways, and PSTN interface and media processing boards. The company serves distributors, resellers, enterprises, original equipment manufacturers service providers, and end users comprising small, mid-sized, and large businesses. Sangoma Technologies Corporation is headquartered in Markham, Canada.
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