05:14 PM EDT, 09/18/2024 (MT Newswires) -- Sangoma Technologies ( SANG ) was up 3.6% in after-hours Nasdaq trading after the companyon Wednesday said its fiscal fourth-quarter loss narrowed despite weaker revenue.

The software company said it lost US$1.71 million, or US$0.05 per share, in the quarter ended June 30, compared with a loss of US$23.63 million, or US$0.72, in the year-prior period.

Revenue fell 4% to US$60.93 million from US$63.68 million. Adjusted EBITDA rose 2% to US$11.11 million.

"Over the past year, we've successfully executed our transformation strategy. What gives me confidence in our ability to shift to growth mode are three things: (1) strong financials and cash position in hand, (2) an experienced go-to-market leader and team in place who have developed a formidable growth plan, and (3) the underlying infrastructure to support them," chief executive Charles Salameh said in a release.

The company said it expects fiscal 2025 revenue of around US$255 million with adjusted EBITDA of around US$44 million. It expects fiscal first-quarter revenue of between US$61 million and US$62 million, with adjusted EBITDA of around US$9.5 million.

The company's shares were last seen up US$0.23 to US$6.57 after hours. They closed up $0.42 to $8.42 on the Toronto Stock Exchange.