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)
Annual | Quarterly

9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,2999,9897,6194,2951,1891,211
Cash and cash equivalents3,2999,9897,6194,2951,1891,211
Net investment in lease, before allowance for credit loss28129476 ✕✕
Receivables4,9235,1676,2506,5327,5188,828
Inventory, net of allowances, customer advances and progress billings1,4624421,1675581,027986
Inventory1,4624421,1675581,027986
Prepaid expense6931,097873   
Capitalized contract cost224360440464 ✕
Other current assets2214535   
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases✕✕✕✕163150148
Other undisclosed current assets31113569729411,085
Total current assets:11,13417,40516,81612,98410,82512,258
Noncurrent Assets
Operating lease, right-of-use asset2,0532,4412,081 ✕✕
Net investment in lease, before allowance for credit loss221490  ✕✕
Property, plant and equipment3,4342,7983,1591,5681,9131,750
Long-term investments and receivables    1344301,717
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases✕✕✕✕134249407
Accounts and financing receivable, after allowance for credit loss     1811,310
Intangible assets, net (including goodwill)      12,221
Goodwill      10,455
Intangible assets, net (excluding goodwill)      1,766
Capitalized contract cost, net4276100106 ✕
Deferred income tax assets 275   ✕✕
Other noncurrent assets296805397388415410
Other undisclosed noncurrent assets2,445 76   
Total noncurrent assets:8,7666,6105,8132,1962,75816,098
TOTAL ASSETS:19,90024,01522,62915,18013,58328,356
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,2033,5945,2543,0593,2192,701
Employee-related liabilities✕778     
Accounts payable1,9041,0722,6898431,6101,314
Accrued liabilities1,5212,5222,5652,2161,6091,387
Deferred revenue8,5999,41310,402 ✕✕
Debt575791,2231,162841993
Deferred revenue and credits✕✕✕✕✕✕11,332
Contract with customer, liability✕✕✕✕9,610 ✕
Other undisclosed current liabilities3699301,425 12,5302,065
Total current liabilities:13,74614,01618,30413,83116,59017,091
Noncurrent Liabilities
Long-term debt and lease obligation1,3462,1653,4275,6081,544367
Long-term debt, excluding current maturities 3565562,6735,4291,357123
Capital lease obligations✕✕✕✕179187244
Finance lease, liability152689 ✕✕
Liabilities, other than long-term debt1,2301,6941,9461,9941407,683
Deferred revenue and credits✕✕✕✕✕✕2,970
Deferred revenue1,1401,6141,736 ✕✕
Contract with customer, liability✕✕✕✕1,842 ✕
Deferred tax liabilities, net✕✕✕✕✕(76)4,329
Other liabilities9027144143202372
Operating lease, liability9751,583665 ✕✕
Derivative instruments and hedges, liabilities  536691412
Other undisclosed noncurrent liabilities    1,76797
Total noncurrent liabilities:2,5763,8595,3737,6023,4518,147
Total liabilities:16,32217,87523,67721,43320,04125,238
Equity
Equity, attributable to parent, including:3,5786,140(1,048)(6,253)(6,458)3,118
Common stock1099180675145
Treasury stock, value(169)(169)(169)(169)(169)(169)
Additional paid in capital218,145213,278209,022203,735200,130197,836
Accumulated other comprehensive loss(982)(618)(462)(546)(676)(595)
Accumulated deficit(213,525)(206,442)(209,519)(209,340)(207,419)(195,253)
Receivable from shareholders or affiliates for issuance of capital stock     (26)(26)
Other undisclosed equity, attributable to parent     1,6511,280
Total equity:3,5786,140(1,048)(6,253)(6,458)3,118
TOTAL LIABILITIES AND EQUITY:19,90024,01522,62915,18013,58328,356

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

9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Revenues27,46635,16734,75334,78134,54436,000
Revenue, net✕✕✕✕✕✕36,000
Cost of revenue
(Cost of Goods and Services Sold)		(8,653)(10,294)(9,634)(9,280)(9,656)(9,867)
Gross profit:18,81324,87325,11925,50124,88826,133
Operating expenses(25,736)(24,066)(24,383)(28,009)(40,927)(30,691)
Operating income (loss):(6,923)807736(2,508)(16,039)(4,558)
Nonoperating income (expense)(395)2,285(767)(1,014)(459)(560)
Other nonoperating income (expense)(364)4(109)(117)142(65)
Interest and debt expense (4)(10)(26)   
Other undisclosed income from continuing operations before equity method investments, income taxes   26   
Income (loss) from continuing operations before equity method investments, income taxes:(7,322)3,082(31)(3,522)(16,498)(5,118)
Other undisclosed income from continuing operations before income taxes 410    
Income (loss) from continuing operations before income taxes:(7,318)3,092(31)(3,522)(16,498)(5,118)
Income tax expense (benefit)235(15)(148)(90)4,33279
Income (loss) from continuing operations:(7,083)3,077(179)(3,612)(12,166)(5,039)
Income (loss) before gain (loss) on sale of properties:✕(7,083)3,077(179)(3,612)(12,166)(5,039)
Net income (loss) attributable to parent:(7,083)3,077(179)(3,612)(12,166)(5,039)
Preferred stock dividends and other adjustments    (122)(257)(169)
Net income (loss) available to common stockholders, diluted:(7,083)3,077(179)(3,734)(12,423)(5,208)

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Net income (loss):(7,083)3,077(179)(3,612)(12,166)(5,039)
Comprehensive income (loss):(7,083)3,077(179)(3,612)(12,166)(5,039)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(364)(156)84130(81)(412)
Comprehensive income (loss), net of tax, attributable to parent:(7,447)2,921(95)(3,482)(12,247)(5,451)

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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