Sonic Foundry (SOFO) Reports Q4 Loss of $0.37/Share

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Sonic Foundry Announces Fourth Quarter and Fiscal 2017 Financial Results

January 12, 2018 4:05 PM EST

MADISON, Wis., Jan. 12, 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 2017 fourth quarter and fiscal year ended September 30, 2017. 

Fiscal 2017 Fourth Quarter Highlights

Total revenues of $8.3 million down from $9.5 million in the fourth quarter of 2016Gross margin of $6.1 million, or 74% of sales, down from $7.1 million, or 75% of sales in the fourth quarter of 2016Adjusted EBITDA of $(836,000), including... More