Sangoma Technologies Corporation announced that its board has approved a new share repurchase program that will allow the company to buy back up to 5 % of its outstanding shares, or 1,663,939 shares, over a 12‑month period that begins on April 6, 2026 and expires on April 5, 2027.
The decision comes after Sangoma reported a net loss of $2.00 million in Q2 Fiscal 2026 on revenue of $51.45 million, a slight decline from the $51.13 million reported in Q1 Fiscal 2026. Despite the loss, the company’s gross margin of 70.6 % and a strong Piotroski F‑Score indicate solid operating leverage. Management has been actively reducing debt—$29.9 million was eliminated in FY 2025—while maintaining healthy cash generation, which underpins the confidence that the current share price represents an attractive buyback opportunity.
In a statement accompanying the approval, Sangoma said, “The Company believes that the current market price of our common shares presents an attractive opportunity given the company’s strong fundamentals and long-term growth potential. As such, the Board has authorized the Company to continue with an NCIB as a prudent and strategic use of capital.” CEO Charles Salameh added that the company’s disciplined execution and focus on a software‑ and services‑led recurring revenue model are key drivers of its financial discipline and capital‑allocation strategy.
The share repurchase program is part of Sangoma’s broader strategy to return value to shareholders while preserving financial flexibility. By reducing diluted equity, the program could lift earnings per share in future periods, even as the company continues to invest in its transition to a high‑margin recurring revenue business. The move signals management’s confidence in the company’s long‑term prospects, while also acknowledging the ongoing profitability challenges that the firm has faced in recent quarters.
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