February 22, 2010 17:00 ET

Sangoma Second Quarter 2009-2010 Results Show Annual Revenue Growth of 14%

Sales of $2.97 million result in net earnings of $0.37 million

MARKHAM, ONTARIO--(Marketwire - Feb. 22, 2010) - Sangoma Technologies Corporation (TSX VENTURE:STC), today released highlights of its unaudited financial results for the quarter ended December 31, 2009.

  Q1 2009–2010 Q1 2008–2009 Change  
Sales $2.97 million $2.60 million +14 %
Net income before provision for taxes $0.63 million $1.70 million -62 %
Net income $0.37 million $1.11 million -67 %
EBITDA $0.95 million $1.89 million -50 %
Net earnings per share (fully diluted) $0.013 $0.036    

Net income was dominated by a foreign exchange expense differential of $1.1 million between the two comparative quarters.

While cash flow was negative $0.15 million during the quarter ended December 31, 2009, working capital was maintained at $8.60 million, 7% higher than at June 30, 2009. Total cash and equivalents was $7.40 million at the end of the quarter.

About Sangoma Technologies Corporation

Sangoma is the premium provider of voice and data connectivity components for software-based communication applications. Sangoma's data cards, voice cards, gateways and connectivity software are used in leading PBX, IVR, contact center and data-communication applications worldwide. The product line represents a comprehensive toolset for deploying cost-effective, powerful, and flexible software communication applications.

Founded in 1984, Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSX VENTURE:STC). Additional information on Sangoma can be found at:

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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