Sonic Foundry Announces Fourth Quarter and Fiscal 2019 Financial Results
Sonic Foundry, Inc. (SOFO)
US:NASDAQ Investor Relations:
sonicfoundry.com/about/investors
Company Research
Source: GlobeNewswire
MADISON, Wis., Dec. 19, 2019 (GLOBE NEWSWIRE) -- Sonic Foundry, Inc. (OTC Pink Sheets: SOFO), the trusted leader for video creation and management solutions, today announced consolidated financial results for its fiscal 2019 fourth quarter and fiscal year ended September 30, 2019. Fiscal 2019 Fourth Quarter Highlights Billings totaled $9.8 million in the fourth quarter of 2019 consistent with billings of $9.8 million for the same period last yearTotal revenues of $9.2 million compared to $8.5 million in the fourth quarter of 2018, a 9 percent increaseGross margin was $6.5 million, or 70 percent of sales, compared to $6.1 million, or 72 percent of sales, in the fourth quarter of 2018Net loss attributable to common stockholders of $(179,000), or $(0.03) per share, compared to $(10.0) million, or $(2.01) per share, in the fourth quarter of 2018; net loss, net of the one-time impairment charges and the benefit from the write-off of the related deferred tax liability, was $(1.2) mi
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