Sonic Foundry (SOFO) Reports Q4 Loss of $0.19/Share
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/18/2026
- Wall St mixed as benchmark Treasury yields reach 5%, oil takes a pause
- Oil slides following outreach to Iran to limit Houthis actions in Red Sea
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
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