Associated tags: Sonic Foundry, Foundry, Software, Audio, Video, SOFO, Education, Internet, Applications, Apps, GLX, Cryptocurrency, Cloud, Tax, Interest, Depreciation, EBITDA, Video game
Locations: UNITED STATES, NORTH AMERICA, WISCONSIN, NIGERIA, SOUTH AFRICA, AFRICA, THE BAHAMAS
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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.
Retrieved on:
Thursday, August 10, 2023
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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.
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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.
Retrieved on:
Thursday, February 9, 2023
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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 first quarter ended December 31, 2022.
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 first quarter ended December 31, 2022.
- Adjusted EBITDA was a negative $2.9 million compared to negative $1.1 million in the fiscal first quarter of 2022.
- “During the first quarter, we remained focused on executing our strategy to transform Sonic Foundry into a high-velocity, high-growth company.
- Gross margin was $3.0 million for the fiscal first quarter of fiscal 2023, compared with $5.1 million in the same period of the prior fiscal year.
Retrieved on:
Thursday, August 11, 2022
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