Canada's Sangoma Q4 posts large net loss on goodwill impairment, inventory write-down

Sangoma Technologies

28/09/2026 22:14

Overview
Canada business communications provider's fiscal Q4 revenue was flat sequentially, down 4% yr/yr like-for-like
Company posted a large net loss due to goodwill impairment and inventory write-down
Sangoma entered definitive agreement to be acquired after strategic review

Outlook
Company is not providing guidance for fiscal 2027 due to pending acquisition

Result Drivers
GOODWILL IMPAIRMENT & INVENTORY WRITE-DOWN - Co said net loss was impacted by $68.4 mln non-cash goodwill impairment charge and $3.0 mln inventory write-down
REVENUE CORRECTION - Co identified and corrected a reporting error related to cancelled and rewritten customer contracts, which led to adjustments to previously reported revenue
EXIT FROM LOW-MARGIN BUSINESS - Co said sale of VoIP Supply, LLC was part of strategy to exit low-margin, non-recurring resale activity

Company press release: ID:nBw9WN1gXa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
 
$49.71 mln
 
Q4 Loss Per Share
 
$2.19
 
Q4 Net Loss
 
$72.52 mln
 
Q4 Adjusted EBITDA
 
$6.53 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)