Sonic Fdry (SOFO) Reports Q3 Loss of $0.13
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Sonic Foundry Announces Fiscal 2016 Third Quarter Financial Results
August 11, 2016 4:00 PM EDTMADISON, Wis.--(BUSINESS WIRE)-- Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader for video creation and management solutions, today announced consolidated financial results for its fiscal 2016 third quarter ended June 30, 2016.
Fiscal 2016 Third Quarter Highlights
Billings of $11.1 million, flat with $11.1 million in the third quarter of 2015 Total revenues of $9.8 million, down 7% compared to the third quarter of 2015, were driven by a 16% increase in service revenues to $5.8 million in the quarter, offset by lower product revenues in the quarter Gross margin... More