Sonic Foundry (SOFO) Reports Q2 Loss of $0.33
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Sonic Foundry Announces Fiscal 2018 Second Quarter Financial Results
May 15, 2018 4:05 PM EDTMADISON, Wis., May 15, 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 2018 second quarter ended March 31, 2018.
Fiscal 2018 Second Quarter Highlights
Total revenues were $8.5 million compared to $8.6 million in the second quarter of 2017Gross margin was $5.9 million, or 70% of sales compared to $6.1 million, or 71% of sales in the second quarter of 2017Adjusted EBITDA was $(808) thousand compared to $(736) thousand in the second quarter of 2017Net loss of $(1.4) million, or $(0.32) per... More