 Sangoma Hit Record High Results |
For the fourth quarter of fiscal 2018, Sangoma sales were a record high at $17.54 million, 128% higher than the same quarter last year and 8% over the immediately preceding quarter. For the full year, revenue was $57.36 million, the highest in Sangoma’s history and 113% above last year. These figures are all without any impact from the company’s most recently completed acquisition of Digium Inc., completed after the end of the 2018 fiscal year.
The above growth plus very healthy financial situation of Sangoma shows how they have achieved their targets and what we should expect down the road from Sangoma.
“Fiscal 2018 has been transformative for Sangoma, with revenue, EBITDA and EPS all more than doubling year-over-year”, said Bill Wignall, President and CEO of Sangoma. “It is great to see the combination of intrinsic growth and the two acquisitions closed in 2018, producing the expected impact on the top line with sales exceeding $17m for the first time in Q4, and delivering EBITDA of over $2.5m for the quarter. I’m thrilled about Sangoma’s prospects following the Digium acquisition, and I’d like to thank everyone at the combined company for their dedication and cooperation, as we work through the integration phase, a process that is going very well so far. Overall, fiscal 2018 was an extremely positive year for Sangoma. The entire team here is eager to deliver a $100m business in 2019 and excited to have grown the company to that stage.”
Outlook for fiscal year 2019
As previously communicated, Sangoma expects revenue for fiscal 2019 to be approximately $100 million, with about 35% of that being recurring/services revenue. Further the company anticipates generating adjusted EBITDA (excluding onetime costs associated with the Digium acquisition) of $10 million this year, with adjusted EBITDA margins expanding to over 13% by fiscal 2020.
What all this financial report shows us are new products and more dominance of Sangoma specially now that they joint force with Digium. So if you have not yet gave Sangoma products a try, don’t hesitate and give us a call and let us help you in your next VOIP project with Sangoma and Digium products.
