Sonic Foundry, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 10, 2023 at 04:07 pm EDT
Sonic Foundry, Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported revenue was USD 5.78 million compared to USD 6.47 million a year ago. Net loss was USD 7.87 million compared to USD 1.5 million a year ago. Basic loss per share from continuing operations was USD 0.65 compared to USD 0.14 a year ago. Diluted loss per share from continuing operations was USD 0.65 compared to USD 0.14 a year ago.
For the nine months, revenue was USD 16.53 million compared to USD 20.96 million a year ago. Net loss was USD 15.63 million compared to USD 4.37 million a year ago. Basic loss per share from continuing operations was USD 1.31 compared to USD 0.46 a year ago. Diluted loss per share from continuing operations was USD 1.31 compared to USD 0.46 a year ago.