05:39 PM EST, 11/10/2025 (MT Newswires) -- Sangoma Technologies ( SANG ) on Monday reported a net loss of US$2.3 million in its fiscal first quarter, widening from a loss of $1.9 million, as the company continued its strategic shift toward higher-margin recurring services following the sale of its VoIP Supply unit.

Net loss widened to $0.07 per diluted share from $0.06 in the same quarter last year.

Revenue "tracked to plan" at $50.8 million, down 3% year-over-year on a like-for-like basis after excluding $7.6 million from VoIP Supply, sold to exit low-margin, non-recurring resale activity.

Adjusted EBITDA came in at $8.3 million, representing 16% of total revenue, in line with historical seasonal patterns.

The company reaffirmed Fiscal 2026 guidance, projecting total revenue between $200 million and $210 million, compared with $209 million in Fiscal 2025 excluding VoIP Supply. The consensus forecast at FactSet was $205.8 million

It expects an adjusted EBITDA margin of 17% to 19%, reflecting additional go-to-market investments aimed at driving organic growth.

"Our first quarter results represent a confident start to Fiscal 2026," said CEO Charles Salameh. "We delivered results aligned with our operating plan, maintained solid margins, and generated healthy free cash flow -- demonstrating the strength and resilience of our recurring revenue model."

Shares of the company rose 0.20%, or $0.01, to close at $4.96 on the US Nasdaq, while gaining 1.87%, or $0.13, to finish at $7.08 in Toronto.