Cash generation was a central theme of management’s remarks. Sangoma generated $10.1 million in net cash from operating activities, which Stock said represented a 122% conversion rate from adjusted EBITDA. He attributed the strong conversion to positive working capital movements as trade receivables returned to historical levels following timing impacts tied to the company’s ERP implementation discussed on the prior quarter’s call. Free cash flow was $8.0 million, or $0.24 per diluted share, improving seque ...