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SANG MA NEWS RELEASE SANGOMA REPORTS Q4 AND FULL YEAR RESULTS FOR FISCAL 2021 Annual revenue grows by 27 % while Adjusted EBITDA grows 50 % to over $ 32 million - MARKHAM , ONTARIO , September 29 , 2021 – Sangoma Technologies Corporation ( TSX VENTURE : STC ) , a trusted leader in delivering cloud - based Communications as a Service solutions for companies of all sizes , today announced highlights of its fourth quarter financial results and audited consolidated financial statements for the fiscal year 2021 ended June 30 , 2021 . As a reminder , Sangoma completed its acquisition of StarBlue Inc ( dba as Star2Star Communications LLC " Star2Star " ) on March 31 , 2021. As a result , this fiscal fourth quarter is the first one in which the income statement includes the contribution from Star2Star sales and operations . Sales for the fiscal year 2021 , were a record $ 167.34 million and were in line with the most recent business update of approximately $ 167 million provided on July 29. Sales for the fourth quarter were $ 61.55 million , up 77 % over the same quarter last year , led by the Star2Star addition . Q4 FY2021 Q4 FY2020 Change Sales Gross profit $ 61.55 m $ 34.82 m 77 % FY 2021 $ 167.34 m FY 2020 Change $ 131.42 m $ 44.08 m $ 22.64 m 95 % $ 113.96 m $ 84.91 m 27 % 34 % Operating expense $ 46.42 m $ 19.63 m 136 % $ 105.88 m $ 74.77 m 42 % Adjusted operating Income¹ ( $ 2.34 ) m $ 3.01 m $ 8.08 m $ 10.14 m Net income ( $ 1.57 ) m $ 2.63 m $ 0.77 m $ 3.90 m Net earnings / ( loss ) per share ( $ 0.007 ) $ 0.035 $ 0.004 $ 0.054 ( fully diluted ) Adjusted EBITDA $ 12.09 m $ 6.18 m 96 % $ 32.29 m $ 21.56 m 50 % “ I am very pleased with Sangoma's performance this year , especially given the fact that the Covid pandemic continued on throughout all of fiscal 2021 , lasting much longer than many of us expected , when we started this financial year , ” said Bill Wignall , President and CEO of Sangoma . " To finish such a year with revenue up 27 % to over $ 167 million 1