SOFO

Sonic Foundry Announces Delisting from Nasdaq

Retrieved on: 
Monday, December 4, 2023
Software, Data Analytics, Audio, Video, Artificial Intelligence, Data Management, Professional Services, Technology, Security, Sonic Foundry, SOFO, Failure, OTC, Foundry, OTC Markets Group, Cryptocurrency

Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in developing comprehensive video recording and streaming solutions for corporations, health organizations and government entities today announced that the Company received a final delisting notice from Nasdaq on December 1, 2023.

Key Points: 
  • Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in developing comprehensive video recording and streaming solutions for corporations, health organizations and government entities today announced that the Company received a final delisting notice from Nasdaq on December 1, 2023.
  • The delisting is a result of failure to satisfy the $1.00 minimum bid price listing requirement in Nasdaq Listing Rule 5550(a)(2) and failure to comply with Nasdaq’s $2,500,000 minimum stockholders’ equity requirement for continued listing or any of the alternative requirements in Listing Rule 5550(b).
  • Suspension of trading in the Company’s common stock on the Nasdaq exchange will be effective at the open of trading on December 5, 2023.
  • Sonic Foundry CEO Joe Mozden, Jr. commented, “While we are disappointed in the Nasdaq delisting, this does not deter us from our long-term strategy of transforming Sonic Foundry into a high-growth company by launching new businesses and services.

Sonic Foundry’s Vidable® Launches AI Video Platform

Retrieved on: 
Tuesday, October 31, 2023
Data Management, Security, Technology, Audio, Video, Software, Artificial Intelligence, Sonic Foundry, Assistant, Organization, Foundry, Videotelephony, Speech, SOFO, Health, Confidentiality, AI, Creative industries, Mobile phone, Transformation

The Vidable platform incorporates three key AI-powered features – Assistant, Insights, and Transformations – each designed to address a different set of challenges associated with managing large enterprise video libraries.

Key Points: 
  • The Vidable platform incorporates three key AI-powered features – Assistant, Insights, and Transformations – each designed to address a different set of challenges associated with managing large enterprise video libraries.
  • The entire platform was designed to support modern organizations’ data security and confidentiality needs by focusing Vidable AI on specific data sets (e.g., one organization’s video library).
  • Sonic Foundry’s Senior Vice President of Product, Jason Weaver, remarked, "We're thrilled to unveil the Vidable platform.
  • With Assistant, Insights, and Transformations, we've harnessed a year of dedicated effort to craft AI solutions that address the unique challenges of today's enterprise video content.

Sonic Foundry’s Global Learning Exchange™ Announces Partnership with Virtual Internships

Retrieved on: 
Wednesday, October 18, 2023
Education, Technology, Audio, Video, Telecommunications, Continuing, Internet, University, GLX, Sonic Foundry, Foundry, Internship, Learning, SOFO, Student, Partnership, Tutoring, Nursing

Virtual Internships has a global network of 13,000+ host companies in 80+ countries spanning a variety of industries.

Key Points: 
  • Virtual Internships has a global network of 13,000+ host companies in 80+ countries spanning a variety of industries.
  • Sonic Foundry CEO Joe Mozden, Jr. commented, “Virtual Internships is an ideal partner for Global Learning Exchange.
  • For more information about how Virtual Internships partners with global organizations and educational institutions to expand access to internship opportunities, visit www.virtualinternships.com .
  • Prospective GLX students who are interested in learning more about Virtual Internships should contact the local GLX Hub in their region.

Sonic Foundry's Global Learning Exchange™ Announces Partnership with UNINETTUNO

Retrieved on: 
Thursday, September 28, 2023
Technology, Telecommunications, Audio, Video, Other Education, Internet, Continuing, Training, University, Education, Partnership, Sonic Foundry, Island, SOFO, Virtual internship, Student, Engineering, Foundry, GLX, Public university, Tutoring, Tourism, Knowledge

Per the agreement, Global Learning Exchange students will have immediate access to UNINETTUNO’s extensive variety of affordable degree programs.

Key Points: 
  • Per the agreement, Global Learning Exchange students will have immediate access to UNINETTUNO’s extensive variety of affordable degree programs.
  • UNINETTUNO operates a unique and innovative e-learning model, including an online, metaverse-based learning platform called the Island of Knowledge, where students participate in coursework via self-created avatars.
  • Sonic Foundry CEO, Joe Mozden, Jr., expressed enthusiasm about the partnership, commenting, "The Global Learning Exchange team is honored to join forces with UNINETTUNO.
  • We can’t wait to introduce prospective students to the opportunities that are now available to them via our partnership with UNINETTUNO."

Sonic Foundry to Participate in the Virtual Tech Conference Series: Emerging Growth in A.I., Presented by Maxim Group LLC on Tuesday, September 26th and Wednesday, September 28th at 8:00am ET

Retrieved on: 
Friday, September 22, 2023
Wearables, Mobile Technology, Mobile, Wireless, Technology, Other Technology, Telecommunications, Software, Audio, Video, Networks, Data Management, Artificial Intelligence, Sonic Foundry, Foundry, Charles M. Vest, SOFO, Conference, Video game, Growth, A.I

The conference will explore how the continuous evolution of A.I.

Key Points: 
  • The conference will explore how the continuous evolution of A.I.
  • Maxim Senior Analysts will facilitate engaging dialogues with CEOs and key management of emerging growth companies with a strong focus on A.I.
  • Mozden commented, “We're thrilled to be part of the upcoming Virtual Tech Conference Series: Emerging Growth in A.I., along with many of today’s leading technology companies.
  • technology to drive productivity and efficiencies for enterprise video platforms through new generative, engagement and analytics capabilities.”
    This conference will be live on M-Vest.

Sonic Foundry’s Global Learning Exchange™ Announces Partnership with Penn Foster Group

Retrieved on: 
Tuesday, August 15, 2023
Technology, Audio, Video, Training, Other Education, Continuing, University, Primary, Secondary, Software, Education, Networks, Internet, Hardware, Consumer Electronics, VoIP, Partnership, Sonic Foundry, SOFO, History, Student, Foundry, GLX, Tutoring, Tourism

This partnership will provide Global Learning Exchange students with a greater variety of program options while enabling Penn Foster Group to expand its global footprint and reach students in several emerging markets around the world.

Key Points: 
  • This partnership will provide Global Learning Exchange students with a greater variety of program options while enabling Penn Foster Group to expand its global footprint and reach students in several emerging markets around the world.
  • With a longstanding commitment to excellence and a custom-built online learning environment, Penn Foster Group delivers the tools and resources to empower learners on their journey to success.
  • Sonic Foundry CEO Joe Mozden, Jr. expressed enthusiasm about the partnership, commenting, “We are thrilled to join forces with Penn Foster Group in our mission to democratize education and empower learners around the world to achieve their full potential.
  • This partnership marks a significant stride towards Global Learning Exchange’s mission of delivering a greater variety of high-quality online education options to students and professionals around the world.”
    Penn Foster Group General Manager Stacy Caldwell added, “Penn Foster Group has helped learners discover their own unique pathways to opportunity, and we are excited to expand our programs even further through our partnership with GLX.

Sonic Foundry Announces Fiscal Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 10, 2023
Apps, Applications, Technology, Audio, Video, Software, Artificial Intelligence, Hardware, Cloud, Tax, Partnership, Interest, Education, Face, Sonic Foundry, SOFO, EBITDA, Investment, Machine learning, Logic, Foundry, GLX, Growth, AI, Cryptocurrency, Video game, Depreciation

Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in video creation and management solutions, and virtual and hybrid events, today announced consolidated financial results for its 2023 fiscal third quarter ended June 30, 2023.

Key Points: 
  • Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in video creation and management solutions, and virtual and hybrid events, today announced consolidated financial results for its 2023 fiscal third quarter ended June 30, 2023.
  • Adjusted EBITDA was a negative $2.9 million compared to negative $1.3 million in the fiscal third quarter of 2022.
  • “Our results for the third quarter of 2023 are consistent with expectations as we continue to focus on our long-term strategy of transforming Sonic Foundry into a high-growth enterprise.
  • Gross margin was $3.3 million for the third quarter of fiscal 2023, compared with $4.6 million in the same period of the prior fiscal year.

Sonic Foundry’s Vidable™ Announces Plans for New Offering of Events-Focused AI Solutions

Retrieved on: 
Thursday, June 15, 2023
Apps, Applications, Technology, Other Technology, Audio, Video, Software, Artificial Intelligence, Internet, Partnership, Sonic Foundry, MPI, SOFO, Planner, Organization, Congress, Artificial intelligence, Foundry, GDPR, AI, ROI, Video game

Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in video capture, management and streaming solutions, today announced that its Vidable™ business, which offers AI-powered analytics and transformation solutions for video, will partner with its Video Solutions business to develop an offering focused on supporting the events market.

Key Points: 
  • Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in video capture, management and streaming solutions, today announced that its Vidable™ business, which offers AI-powered analytics and transformation solutions for video, will partner with its Video Solutions business to develop an offering focused on supporting the events market.
  • Sonic Foundry CEO Joe Mozden, Jr. commented, “The partnership that our Video Solutions business recently established with CTI Meeting Technology has given us a deeper window into the growing need for events-specific AI solutions.
  • This represents a massive go-to-market opportunity for our Vidable business, particularly given the immediate access to prospective customers that our Video Solutions team can facilitate.
  • It has also begun expanding its business outside the U.S. with the establishment of a GDPR-compliant instance of Vidable in the E.U.

Sonic Foundry Announces Fiscal Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 11, 2023
Apps, Applications, Technology, Other Technology, Audio, Video, Software, Internet, Cloud, UNESCO, Tax, Software as a service, Partnership, Optimism, Interest, Education, The Post-Pandemic World Order, Colorado State University–Global Campus, Sonic Foundry, COVID-19, SOFO, Hope, Intelligence, Appetite, Student, EBITDA, Traction, Investment, Machine learning, Translation, CTI, Foundry, Quality control, GLX, Growth, Environment, AWS, Cryptocurrency, Video game, Depreciation

Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in video creation and management solutions, and virtual and hybrid events, today announced consolidated financial results for its 2023 fiscal second quarter ended March 31, 2023.

Key Points: 
  • Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in video creation and management solutions, and virtual and hybrid events, today announced consolidated financial results for its 2023 fiscal second quarter ended March 31, 2023.
  • Highlights for the Second Quarter Ended March 31, 2023:
    Second quarter billings from combined business lines increased 50% over the prior-year quarter.
  • Event revenue in the fiscal second quarter of 2023 was $945 thousand, compared with $998 thousand reported in the comparable year-ago quarter.
  • Gross margin was $3.3 million for the fiscal second quarter of fiscal 2023, compared with $5.2 million in the same period of the prior fiscal year.

Sonic Foundry’s Global Learning Exchange™ Announces Partnership with Colorado State University Global

Retrieved on: 
Wednesday, April 26, 2023
Partnership, CSU, Colorado State University–Global Campus, Sonic Foundry, SOFO, Organization, Student, Internet access, GLX, Faculty, Counselor, Spring, Tutoring, Tourism

MADISON, Wis., April 26, 2023 (GLOBE NEWSWIRE) -- Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in video capture, management and streaming solutions, today announced that its Global Learning Exchange™ (GLX) business, which provides students around the world with affordable access to top-tier online learning solutions coupled with local support resources, has partnered with Colorado State University Global (CSU Global).

Key Points: 
  • MADISON, Wis., April 26, 2023 (GLOBE NEWSWIRE) -- Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in video capture, management and streaming solutions, today announced that its Global Learning Exchange™ (GLX) business, which provides students around the world with affordable access to top-tier online learning solutions coupled with local support resources, has partnered with Colorado State University Global (CSU Global).
  • Through this partnership, CSU Global’s extensive roster of fully online, internationally recognized, career-focused degree and certificate programs will soon be available to Global Learning Exchange students.
  • As the nation’s first 100% online, regionally accredited nonprofit university, CSU Global is a leader in serving nontraditional students with flexible, affordable programs that prepare them for career success.
  • Sonic Foundry CEO Joe Mozden, Jr. commented, “CSU Global is an ideal partner for Global Learning Exchange.