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Sonic Foundry GAAP EPS of -$0.38 misses by $0.07, revenue of $5.01M misses by $0.49M

Feb. 09, 2023 5:02 PM ETSonic Foundry, Inc. (SOFO)By: Pranav Ghumatkar, SA News Editor
  • 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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