sangoma technologies corp shares rose friday the day after the company boosted guidance and reported sales above analyst expectations shares in toronto were recently up 66 to 1851 canadian dollars us1455 us listed shares which have a 65dayaverage volume of 1001 shares were recently up 65 to us1470 with volume of fewer than 1000 shares the company began trading on nasdaq in december and on the toronto stock exchange in november the cloudbased communications as a service company thursday increased guidance for fiscal 2022 to revenue of between us215 million and us219 million and adjusted earnings before interest taxes depreciation and amortization of us42 million to us44 million prior guidance had been for revenue of between us209 million and us213 million and adjusted ebitda in a range of us41 million to us43 million sangoma reported sales for the second quarter were us5424 million twice that of the same quarter last year this beat factset consensus for us516 million net loss for the second quarter was us248 million loss per share was 8 us cents wider than factset consensus for a loss of 4 us cents the loss was mainly from noncash intangible asset amortization following its star2star acquisition and onetime expenses from listing on the nasdaq and tsx exchanges the company said this increase in sales was driven by the star2star acquisition as well as our existing services business continuing to grow and compound together with an uptick in our product sales chief executive william j wignall said on the companys conference call sangoma in march 2021 closed the acquisition of starblue inc the parent company of star2star communications