MADISON, Wis. – February 13, 2020 – Sonic Foundry, Inc. (OTC Pink Sheets: SOFO), the trusted leader for video creation and management solutions, today announced consolidated financial results for its fiscal 2020 first quarter ended December 31, 2019.
Fiscal 2020 First Quarter Highlights
- Billings totaled $6.9 million in the first quarter of 2020; an increase of 15 percent compared to the same
period last year - Total revenues of $8 million compared to $7.5 million in the first quarter of 2019, a 7 percent increase
- Gross margin was $5.8 million, or 73 percent of sales, compared to $5.7 million, or 75 percent of sales, in
the first quarter of 2019 - Net loss attributable to common stockholders of $(820,000), or $(0.12) per share, compared to $(1.8)
million, or $(0.36) per share, in the first quarter of 2019 - Adjusted EBITDA was $(203,000) compared to $(1.2) million in the first quarter of 2019
- Unearned revenue was $10.4 million as of December 31, 2019, down $1.1 million from September 30,
2019.
About Sonic Foundry®, Inc.
Founded in 1991 and headquartered in Madison, Wis., Sonic Foundry (OTC: SOFO) is dedicated to transforming how the world works and learns through innovative and scalable technology solutions. Sonic Foundry’s brands include Vidable® and Global Learning Exchange® which help unlock a smarter, more connected world for learners, workers, and entrepreneurs everywhere. For more information visit www.sonicfoundry.com.
© 2024 Sonic Foundry, Inc. Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.
