Sonic Fdry (SOFO) Reports Q1 Loss of $0.28

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Sonic Foundry Announces Fiscal 2016 First Quarter Financial Results

February 11, 2016 4:05 PM EST

MADISON, Wis.--(BUSINESS WIRE)-- Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader for video creation and management solutions, today announced financial results for its fiscal 2016 first quarter ended December 31, 2015.

Fiscal 2016 First Quarter Highlights

Billings grew 12% to $8.6 million, compared to $7.7 million in the first quarter of 2015, led by a 55% increase in billings from markets outside of North America... More