Sangoma Executed A Debt Repayment Of $5.3M In Q4, Bringing Total Debt Repayments For The Quarter To $9.7M
Portfolio Pulse from Benzinga Newsdesk
Sangoma Technologies Corporation (NASDAQ:SANG) announced a debt repayment of $5.3 million in Q4, totaling $9.7 million for the quarter. The company aims to reduce its debt to under $60 million by the end of Fiscal 2025, supported by a strong financial position.
July 22, 2024 | 12:12 pm
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Sangoma Technologies Corporation repaid $5.3 million in Q4, totaling $9.7 million for the quarter. The company aims to reduce its debt to under $60 million by the end of Fiscal 2025, indicating strong financial health and prudent management.
The significant debt repayment and the strategic goal to reduce overall debt indicate strong financial health and prudent management, which are positive signals for investors. This could lead to a short-term positive impact on the stock price.
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