- Sonic Foundry press release (NASDAQ:SOFO): Q1 GAAP EPS of -$0.38 misses by $0.07.
- Revenue of $5.01M (-30.9% Y/Y) misses by $0.49M.
- Adjusted EBITDA was a negative $2.9 million compared to negative $1.1 million in the fiscal first quarter of 2022.
- Secured $8.5 million in debt financing and raised $1.2 million in equity agreement, November 2022.
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