STOCK TITAN

SONIC FOUNDRY INC - SOFO STOCK NEWS

Welcome to our dedicated page for SONIC FOUNDRY news (Ticker: SOFO), a resource for investors and traders seeking the latest updates and insights on SONIC FOUNDRY stock.

Sonic Foundry (NASDAQ: SOFO) is a global leader in video capture, management, and webcasting solutions across education, business, and government sectors. With the patented Mediasite enterprise video platform, the company serves over 3,800 customers in 65 countries, transforming communication, training, education, and events.

Sonic Foundry has been recognized by Aragon Research, Frost & Sullivan, Forrester, and Gartner as a leader/challenger in various segments, showcasing their industry expertise and innovative solutions.

Recently, Sonic Foundry announced a definitive agreement with Enghouse Systems Limited for the acquisition of its Mediasite business, representing a significant development in the company's growth trajectory.

Rhea-AI Summary
Sonic Foundry, Inc. (NASDAQ: SOFO) has partnered with Penn Foster Group to expand access to quality online education in underserved markets. The partnership aims to 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 emerging markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
Tags
partnership
-
Rhea-AI Summary
Sonic Foundry, Inc. (SOFO) announced its 2023 fiscal third-quarter financial results, reporting a total revenue of $5.8 million, a gross margin of 57%, and a net loss of $7.9 million. The company highlighted its shift from hardware devices to other video capture methods, as well as investments in cloud infrastructure and software development. CEO Joe Mozden, Jr. expressed confidence in the company's long-term strategy and emphasized the positive trends in customer transition to multi-year contracts and the growth of new ventures like Vidable® and Global Learning Exchange™.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.61%
Tags
-
Rhea-AI Summary
Sonic Foundry's Vidable business will partner with its Video Solutions business to develop AI solutions for the events market. The partnership aims to mine video captured at live conferences for insights that help sponsors understand attendee sentiment and improve conference experiences. Vidable has already sold over a million hours of AI transformations for enterprise video and is expanding its business globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25.69%
Tags
AI
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.22%
Tags
-
Rhea-AI Summary

Sonic Foundry (NASDAQ: SOFO) has partnered with EC-Council University to offer Global Learning Exchange students access to prestigious cyber security certification programs. These certifications, including Certified Ethical Hacker and Certified Network Defender, are recognized by organizations such as the U.S. National Security Agency (NSA). The partnership aims to address the skills gap in the cybersecurity workforce by providing essential training for careers in this rapidly growing field. Sonic Foundry's CEO emphasized the importance of future-oriented education, while ECCU aims to equip students with in-demand skills.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
partnership
-
Rhea-AI Summary

Sonic Foundry (NASDAQ: SOFO) has announced its annual shareholders meeting scheduled for 9 a.m. CST on March 10. CEO Joe Mozden will highlight the company's 2022 achievements, including the launch of three new business units: Global Learning Exchange, Vidable, and Video Solutions. The hybrid meeting format allows participants to join in-person at the company’s headquarters in Madison, WI or virtually via Mediasite Connect. Shareholders can vote electronically until 9:30 a.m. CST on March 10.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.7%
Tags
none
Rhea-AI Summary

Sonic Foundry, Inc. (NASDAQ: SOFO) reported consolidated financial results for its fiscal first quarter ending December 31, 2022, showing total revenue of $5.0 million, down from $7.3 million year-over-year. This decline was attributed to client delays in renewals, foreign currency impacts, and supply chain disruptions. The gross margin decreased to 61% from 71%, and net loss increased to $0.38 per diluted share from $0.17. Adjusted EBITDA fell to negative $2.9 million from negative $1.1 million. Despite the challenges, management remains optimistic about their strategic focus on growth initiatives like Vidable™ and Global Learning Exchange, aiming for profitability by 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
Tags
-
Rhea-AI Summary

Sonic Foundry (NASDAQ: SOFO) announced a partnership with CTI Meeting Technology to offer integrated content management solutions for global event organizers. This collaboration combines CTI's cOASIS platform with Sonic Foundry's video services, providing a comprehensive solution for managing abstracts, presentations, and video content. The integrated approach simplifies workflows, allowing for a rapid delivery time of on-demand event videos within one hour. This partnership aims to streamline event organization in the growing hybrid event landscape.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
partnership
-
Rhea-AI Summary

Sonic Foundry, Inc. (NASDAQ: SOFO) reported Q4 and fiscal year results for 2022. Total revenue for Q4 was $6.5 million, down from $8.6 million a year earlier, attributed to lower hardware sales and industry challenges. The net loss per share rose to $0.25, against a profit of $0.06 in Q4 2021. Annual revenues decreased by 22% to $27.5 million, with a net loss of $7.1 million versus a profit of $3.1 million in 2021. Despite setbacks, management remains optimistic about new growth initiatives and strategic investments for future profitability.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.43%
Tags
News
Rhea-AI Summary

Sonic Foundry (NASDAQ: SOFO) has introduced Video Solutions, a new business unit focusing on comprehensive video services for enterprises and events. This initiative evolves existing offerings and caters to the growing demand for effective video management as organizations adapt to remote and hybrid work environments. Video Solutions provides innovative tools, including AI-supported editing and analytics, to optimize video strategies. The unit aims to enhance operational efficiency and maximize the value of video content for its clients.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.94%
Tags
none

FAQ

What is the current stock price of SONIC FOUNDRY (SOFO)?

The current stock price of SONIC FOUNDRY (SOFO) is $0.0001 as of August 7, 2024.

What is the market cap of SONIC FOUNDRY (SOFO)?

The market cap of SONIC FOUNDRY (SOFO) is approximately 3.6K.

What does Sonic Foundry specialize in?

Sonic Foundry specializes in video capture, management, and webcasting solutions for the education, business, and government sectors.

How many customers does Sonic Foundry serve?

Sonic Foundry serves over 3,800 customers in 65 countries.

What is the Mediasite enterprise video platform?

The Mediasite platform is Sonic Foundry's patented technology that transforms communication, training, education, and events for their customers.

What recent recognition has Sonic Foundry received?

Sonic Foundry has been recognized by Aragon Research, Frost & Sullivan, Forrester, and Gartner as a leader/challenger in various segments.

What recent agreement has Sonic Foundry entered into?

Sonic Foundry recently entered into a definitive agreement with Enghouse Systems Limited for the acquisition of its Mediasite business.

Where is Sonic Foundry headquartered?

Sonic Foundry is headquartered in Madison, Wisconsin.

When was Sonic Foundry founded?

Sonic Foundry was founded in 1991.

What are Sonic Foundry's key brands?

Sonic Foundry's key brands include Mediasite, Video Solutions, Vidable, and Global Learning Exchange, trusted by educational institutions, corporations, and healthcare organizations globally.

What is Sonic Foundry's mission?

Sonic Foundry is dedicated to transforming how the world works and learns through innovative and scalable technology solutions.

How can I learn more about Sonic Foundry?

For more information, visit Sonic Foundry's website at www.sonicfoundry.com.

SONIC FOUNDRY INC

Nasdaq:SOFO

SOFO Rankings

SOFO Stock Data

3.64k
4.95M
59.19%
0.43%
Software - Application
Technology
Link
United States of America
Madison