Sonic Foundry (SOFO) Reports Q4 Loss of $0.19/Share
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Sonic Foundry Announces Fourth Quarter and Fiscal 2016 Financial Results
December 22, 2016 4:03 PM ESTMADISON, WS -- (Marketwired) -- 12/22/16 -- Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader for video creation and management solutions, today announced consolidated financial results for its fiscal 2016 fourth quarter and fiscal year ended September 30, 2016.
Fiscal 2016 Fourth Quarter Highlights
Total revenues of $9.5 million, represent an increase of 4% compared to $9.1 million in the fourth quarter of 2015; growth was driven by a 32% increase in cloud hosting revenues in the quarter. Gross margin increased to $7.1 million, or 75% of sales compared to $6.5 million, or 71% of sales... More