Sonic Foundry Announces Fiscal 2018 First Quarter Financial Results
Sonic Foundry, Inc. (SOFO)
US:NASDAQ Investor Relations:
sonicfoundry.com/about/investors
Company Research
Source: GlobeNewswire
MADISON, Wis., Feb. 13, 2018 (GLOBE NEWSWIRE) -- Sonic Foundry, Inc. (NASDAQ:SOFO), the trusted leader for video creation and management solutions, today announced consolidated financial results for its fiscal 2018 first quarter ended December 31, 2017. Fiscal 2018 First Quarter Highlights Total revenues were $8.9 million compared to $9.3 million in the first quarter of 2017Gross margin was $6.5 million, or 73% of sales compared to $6.7 million, or 72% of sales in the first quarter of 2017Adjusted EBITDA more than cut in half to $(335,000), compared to $(765,000) in the first quarter of 2017Net income of $320 thousand, or $0.06 per share compared to a net loss of $(1.5) million, or $(0.34) per share in the first quarter of 2017 (Net Income in the first quarter of 2018 benefited from a tax gain of $1.3 million related to tax legislation changes in December 2017)Billings totaled $7.6 million in the first quarter of 2018, an increase of 5% compared to the same period last yearUnearne
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Sec Filings
- 3/22/24 - Form 8-K
- 3/14/24 - Form 8-K
- 3/8/24 - Form 8-K
- SOFO's page on the SEC website