Sonic Foundry, Inc. (SOFO) Financial Statements (2024 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)

6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7027,9813,2994,4414,4116,521
Cash and cash equivalents2,7027,9813,2994,4414,4116,521
Net investment in lease, before allowance for credit loss272274281281278267
Receivables5,6183,4364,9235,1654,4345,303
Inventory, net of allowances, customer advances and progress billings2,8142,5501,4621,0651,125717
Inventory2,8142,5501,4621,0651,125717
Prepaid expense   693   
Capitalized contract cost216218224286287341
Other current assets   221   
Other undisclosed current assets1,5741,269311,2511,1601,168
Total current assets:13,19615,72811,13412,48911,69514,317
Noncurrent Assets
Operating lease, right-of-use asset1,6041,8162,0532,1822,3902,786
Net investment in lease, before allowance for credit loss173210221268376436
Property, plant and equipment2,7063,1763,4343,8083,3003,098
Long-term investments and receivables      
Accounts and financing receivable, after allowance for credit loss      
Capitalized contract cost, net434142756975
Deferred income tax assets  164275400  
Other noncurrent assets3163332962,0141,3541,130
Other undisclosed noncurrent assets3,9223,1942,445   
Total noncurrent assets:8,7648,9348,7668,7477,4897,525
TOTAL ASSETS:21,96024,66219,90021,23619,18421,842
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,0543,4434,2033,4033,7993,464
Employee-related liabilities778 
Accounts payable1,6811,7751,9041,4882,0431,444
Accrued liabilities1,3731,6681,5211,9151,7562,020
Deferred revenue8,5937,9328,5997,4636,9738,352
Debt3246195752434160
Due to related parties1,988    
Other undisclosed current liabilities3,9541,1823691,1651,1281,128
Total current liabilities:15,92515,16413,74612,27411,94113,004
Noncurrent Liabilities
Long-term debt and lease obligation6983941,3461,4131,8992,335
Long-term debt, excluding current maturities688381356294541554
Finance lease, liability101315172022
Liabilities, other than long-term debt2,1138,1821,2301,3731,7111,639
Deferred revenue1,4691,2141,1401,2741,5771,495
Due to related parties6,168    
Other liabilities102989097111118
Operating lease, liability5427029751,1021,3381,759
Derivative instruments and hedges, liabilities    22326
Other undisclosed noncurrent liabilities5,571     
Total noncurrent liabilities:8,3828,5762,5762,7863,6103,974
Total liabilities:24,30723,74016,32215,06015,55116,978
Equity
Equity, attributable to parent(2,347)9223,5786,1763,6334,864
Common stock1211211091099191
Treasury stock, value(169)(169)(169)(169)(169)(169)
Additional paid in capital219,931219,816218,145217,973213,812213,557
Accumulated other comprehensive loss(938)(933)(982)(928)(795)(645)
Accumulated deficit(221,292)(217,913)(213,525)(210,809)(209,306)(207,970)
Total equity:(2,347)9223,5786,1763,6334,864
TOTAL LIABILITIES AND EQUITY:21,96024,66219,90021,23619,18421,842

Income Statement (P&L) ($ in thousands)

6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
Revenues5,7385,0146,5056,4657,2437,253
Cost of revenue
(Cost of Goods and Services Sold)
(2,462)(1,970)(2,562)(1,907)(2,079)(2,105)
Gross profit:3,2763,0443,9434,5585,1645,148
Operating expenses(6,058)(7,336)(6,426)(6,228)(6,419)(6,663)
Operating loss:(2,782)(4,292)(2,483)(1,670)(1,255)(1,515)
Nonoperating income (expense)(485)41(184)(170)(27)(14)
Other nonoperating income (expense)9187(175)(161)(17)(19)
Interest and debt expense   (1) (1)(2)
Loss from continuing operations before equity method investments, income taxes:(3,267)(4,251)(2,668)(1,840)(1,283)(1,531)
Other undisclosed income from continuing operations before income taxes   1 12
Loss from continuing operations before income taxes:(3,267)(4,251)(2,667)(1,840)(1,282)(1,529)
Income tax expense (benefit)(112)(137)(49)337(54)1
Loss from continuing operations:(3,379)(4,388)(2,716)(1,503)(1,336)(1,528)
Loss before gain (loss) on sale of properties:(2,716)(1,503)(1,336)(1,528)
Net loss available to common stockholders, diluted:(3,379)(4,388)(2,716)(1,503)(1,336)(1,528)

Comprehensive Income ($ in thousands)

6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
Net loss:(3,379)(4,388)(2,716)(1,503)(1,336)(1,528)
Comprehensive loss:(3,379)(4,388)(2,716)(1,503)(1,336)(1,528)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)49(54)(133)(150)(27)
Comprehensive loss, net of tax, attributable to parent:(3,384)(4,339)(2,770)(1,636)(1,486)(1,555)

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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