Maxim Group analyst Jack Vander Aarde downgrades Sonic Foundry (OTC:SOFO) from Buy to Hold.
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8-K - SONIC FOUNDRY INC (0001029744) (Filer)
8-K - SONIC FOUNDRY INC (0001029744) (Filer)
8-K - SONIC FOUNDRY INC (0001029744) (Filer)
4 - SONIC FOUNDRY INC (0001029744) (Issuer)
4 - SONIC FOUNDRY INC (0001029744) (Issuer)
4 - SONIC FOUNDRY INC (0001029744) (Issuer)
Enghouse Expands Footprint in Japan and Penetration of Education & Event Markets MARKHAM, ON and MADISON, Wis., Feb. 12, 2024 /PRNewswire/ - Enghouse Systems Limited (TSX:ENGH) today announced it has successfully completed its acquisition of the Mediasite SaaS video recording and streaming business from Sonic Foundry, Inc. (OTC:SOFO). The acquisition was completed under the terms of a previously announced agreement dated January 4, 2024. The addition of Mediasite expands Enghouse's footprint in the Japanese market and suite of SaaS video software solutions. It will also increase Enghouse's penetration of the education and event enterprise sectors. Mediasite will be integrated with Engho
Sonic Foundry, Inc. (OTC:SOFO), the trusted leader in developing comprehensive video recording and streaming solutions for corporations, health organizations and government entities, today announced financial results for the fourth quarter and fiscal year ended September 30, 2023. Highlights for the Fourth Quarter Ended September 30, 2023: • Total revenue was $5.6 million compared to $6.5 million in the prior-year quarter primarily due to prior year custom software development for a European defense customer that was not repeated in the current year, a lower amount of activity in the virtual and hybrid events industry and delays in renewals of support contracts. • Gross margin was 58%
Sonic Foundry, Inc. (OTC:SOFO), the trusted leader in developing comprehensive video recording and streaming solutions for corporations, health care organizations and government entities today announced that it has reached a definitive agreement to sell its Mediasite product and service business to Enghouse Systems Ltd. Under the terms of the agreement, Sonic Foundry will sell the assets of its Mediasite business including its Japanese and Dutch subsidiaries for US$ 15.5 million in cash (subject to certain price adjustments). Closing of the transaction is subject to approval by Sonic Foundry shareholders and certain customary closing conditions. The Sonic Foundry board of directors, execu
Partnership will extend Global Learning Exchange's international network while supporting the organizations' shared mission of expanding access to higher education in emerging markets around the world. 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 finalized a new partnership agreement with the International Telematic University UNINETTUNO. Per the agreement, Global Learning Exchange students will have immediate access to
Sonic Foundry, Inc. (NASDAQ:SOFO), the trusted leader in video capture, management and streaming solutions as well as virtual and hybrid events, today has announced the appointment of Mike Snavely as General Manager of Vidable™. In this new role, Snavely assumes overall responsibility for Sonic Foundry's new Vidable™ business unit, including go-to-market strategy, sales, and operations. Vidable™ is Sonic Foundry's groundbreaking platform that provides users with the most complete collection of Artificial Intelligence (AI) for video that will deliver instant, comprehensive, and automated video transformation at global enterprise scale. "As Sonic Foundry moves into new markets, we are keepi
SC 13G/A - SONIC FOUNDRY INC (0001029744) (Subject)
SC 13G - SONIC FOUNDRY INC (0001029744) (Subject)
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. Highlights for the First Quarter Ended December 31, 2022: Total revenue was $5.0 million compared to $7.3 million in the prior-year quarter primarily due to client delays in renewals of support contracts due to macro environment concerns, foreign currency impact on Japanese operations, and supply chain disruptions. Gross margin was 61% of revenue versus 71% of revenue in the prior year quarter, primarily due to accelerated depreciation on hosting infrastr
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 fiscal 2022 third quarter ended June 30, 2022. Highlights for the Third Quarter Ended June 30, 2022: Total revenue was $6.5 million compared to $8.7 million in the prior-year quarter primarily due to a reduction in the number and size of events as customers began to go back to in-person events, client delays in renewals of support contracts due to macro environment concerns, foreign currency impact on Japanese operations, and a lower base of deferred revenue at the start of the quarter. Gross margin was 7
MADISON, Wis., Feb. 10, 2022 (GLOBE NEWSWIRE) -- 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 first quarter 2022 ended December 31, 2021. Highlights for the First Quarter Ended December 31, 2021: Total revenue was $7.3 million compared to $9.2 million in the prior year quarter primarily due to reduced event revenue associated with in-person events being cancelled or delayed as a result of COVIDGross margin was 71% of sales versus 74% of sales in the comparable quarter, reflecting hardware cost increases from global supply chain pressureNet loss attrib