Sonic Foundry, Inc. (SOFO) Financial Statements (2026 and earlier)

Company Profile

Business Address 222 W. WASHINGTON AVENUE
MADISON, WI 53703
State of Incorp. MD
Fiscal Year End September 30
Industry (SIC) 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1422,7027,9813,2994,4414,411
Cash and cash equivalent2,1422,7027,9813,2994,4414,411
Net investment in lease, before allowance for credit loss250272274281281278
Receivables5,0625,6183,4364,9235,1654,434
Inventory, net of allowances, customer advances and progress billings2,5262,8142,5501,4621,0651,125
Inventory2,5262,8142,5501,4621,0651,125
Prepaid expense   693  
Capitalized contract cost321216218224286287
Other current assets   221  
Other undisclosed current assets1,4031,5741,269311,2511,160
Total current assets:11,70413,19615,72811,13412,48911,695
Noncurrent Assets
Operating lease, right-of-use asset1,8871,6041,8162,0532,1822,390
Net investment in lease, before allowance for credit loss95173210221268376
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization2,1122,7063,1763,4343,8083,300
Long-term investments and receivables 265     
Accounts and financing receivable, after allowance for credit loss 265     
Capitalized contract cost, net574341427569
Deferred income tax assets   164275400 
Other noncurrent assets2813163332962,0141,354
Other undisclosed noncurrent assets1423,9223,1942,445  
Total noncurrent assets:4,8398,7648,9348,7668,7477,489
TOTAL ASSETS:16,54321,96024,66219,90021,23619,184
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2713,0543,4434,2033,4033,799
Employee-related liabilities✕✕✕✕778✕✕
Accounts payable1,9381,6811,7751,9041,4882,043
Accrued liabilities1,3331,3731,6681,5211,9151,756
Deferred revenue8,7178,5937,9328,5997,4636,973
Debt31632461957524341
Due to related parties✕✕✕1,988   
Other undisclosed current liabilities4,8723,9541,1823691,1651,128
Total current liabilities:17,17615,92515,16413,74612,27411,941
Noncurrent Liabilities
Long-term debt and lease obligation6136983941,3461,4131,899
Long-term debt, excluding current maturities 605688381356294541
Finance lease, liability81013151720
Liabilities, other than long-term debt2,4372,1138,1821,2301,3731,711
Deferred revenue1,5471,4691,2141,1401,2741,577
Due to related parties✕✕✕6,168   
Other liabilities92102989097111
Operating lease, liability7985427029751,1021,338
Derivative instruments and hedges, liabilities     223
Other undisclosed noncurrent liabilities6,3785,571    
Total noncurrent liabilities:9,4288,3828,5762,5762,7863,610
Total liabilities:26,60424,30723,74016,32215,06015,551
Equity
Equity, attributable to parent(10,061)(2,347)9223,5786,1763,633
Common stock12112112110910991
Treasury stock, value(169)(169)(169)(169)(169)(169)
Additional paid in capital220,047219,931219,816218,145217,973213,812
Accumulated other comprehensive loss(903)(938)(933)(982)(928)(795)
Accumulated deficit(229,157)(221,292)(217,913)(213,525)(210,809)(209,306)
Total equity:(10,061)(2,347)9223,5786,1763,633
TOTAL LIABILITIES AND EQUITY:16,54321,96024,66219,90021,23619,184

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Revenues5,7825,7385,0146,5056,4657,243
Cost of revenue
(Cost of Product and Service Sold)		(2,475)(2,462)(1,970)(2,562)(1,907)(2,079)
Gross profit:3,3073,2763,0443,9434,5585,164
Operating expenses(10,544)(6,058)(7,336)(6,426)(6,228)(6,419)
Operating loss:(7,237)(2,782)(4,292)(2,483)(1,670)(1,255)
Nonoperating income (expense)(648)(485)41(184)(170)(27)
Other nonoperating income (expense)(155)9187(175)(161)(17)
Interest and debt expense    (1) (1)
Loss from continuing operations before equity method investments, income taxes:(7,885)(3,267)(4,251)(2,668)(1,840)(1,283)
Other undisclosed income from continuing operations before income taxes    1 1
Loss from continuing operations before income taxes:(7,885)(3,267)(4,251)(2,667)(1,840)(1,282)
Income tax expense (benefit)20(112)(137)(49)337(54)
Loss from continuing operations:(7,865)(3,379)(4,388)(2,716)(1,503)(1,336)
Loss before gain (loss) on sale of properties:✕✕✕✕(2,716)(1,503)(1,336)
Net loss available to common stockholders, diluted:(7,865)(3,379)(4,388)(2,716)(1,503)(1,336)

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Net loss:(7,865)(3,379)(4,388)(2,716)(1,503)(1,336)
Comprehensive loss:(7,865)(3,379)(4,388)(2,716)(1,503)(1,336)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent35(5)49(54)(133)(150)
Comprehensive loss, net of tax, attributable to parent:(7,830)(3,384)(4,339)(2,770)(1,636)(1,486)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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