Sonic Foundry, Inc. (SOFO) financial statements (2022 and earlier)

Company profile

Business Address 222 W. WASHINGTON AVENUE
MADISON, WI 53703
State of Incorp. MD
Fiscal Year End September 30
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)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,5219,9897,6194,2951,1891,2111,794
Cash and cash equivalents6,5219,9897,6194,2951,1891,2111,794
Net investment in lease26729476 
Receivables5,3035,1676,2506,5327,5188,82811,646
Inventory, net of allowances, customer advances and progress billings7174421,1675581,0279861,904
Inventory7174421,1675581,0279861,904
Prepaid expense 1,097873    
Capitalized contract cost341360440464 
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases163150148 
Other current assets 4535    
Other undisclosed current assets1,168113569729411,0851,404
Total current assets:14,31717,40516,81612,98410,82512,25816,748
Noncurrent Assets
Operating lease, right-of-use asset2,7862,4412,081 
Net investment in lease436490  
Property, plant and equipment3,0982,7983,1591,5681,9131,7502,031
Long-term investments and receivables   1344301,717 
Accounts and financing receivable, after allowance for credit loss    1811,310 
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases134249407 
Intangible assets, net (including goodwill)     12,22113,653
Goodwill     10,45511,310
Intangible assets, net (excluding goodwill)     1,7662,343
Capitalized contract cost, net7576100106 
Other noncurrent assets1,130805397388415410726
Other undisclosed noncurrent assets  76    
Total noncurrent assets:7,5256,6105,8132,1962,75816,09816,410
TOTAL ASSETS:21,84224,01522,62915,18013,58328,35633,158
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,4643,5945,2543,0593,2192,7012,844
Accounts payable1,4441,0722,6898431,6101,314961
Accrued liabilities2,0202,5222,5652,2161,6091,3871,883
Deferred revenue8,3529,41310,402 
Debt60791,2231,1628419931,850
Deferred revenue and credits11,33212,834
Contract with customer, liability9,610 
Other undisclosed current liabilities1,1289301,425 12,5302,0651,865
Total current liabilities:13,00414,01618,30413,83116,59017,09119,393
Noncurrent Liabilities
Long-term debt and lease obligation2,3352,1653,4275,6081,5443671,102
Long-term debt, excluding current maturities5545562,6735,4291,357123871
Finance lease, liability222689 
Capital lease obligations179187244231
Operating lease, liability1,7591,583665 
Liabilities, other than long-term debt1,6391,6941,9461,9941407,6836,081
Deferred revenue and credits2,9701,257
Deferred revenue1,4951,6141,736 
Contract with customer, liability1,842 
Deferred tax liabilities, net(76)4,3294,498
Other liabilities11827144143202372259
Derivative instruments and hedges, liabilities2653669141267
Other undisclosed noncurrent liabilities    1,7679766
Total noncurrent liabilities:3,9743,8595,3737,6023,4518,1477,249
Total liabilities:16,97817,87523,67721,43320,04125,23826,642
Stockholders' equity
Stockholders' equity attributable to parent, including:4,8646,140(1,048)(6,253)(6,458)3,1186,516
Common stock91918067514544
Treasury stock, value(169)(169)(169)(169)(169)(169)(169)
Additional paid in capital213,557213,278209,022203,735200,130197,836197,064
Accumulated other comprehensive loss(645)(618)(462)(546)(676)(595)(183)
Accumulated deficit(207,970)(206,442)(209,519)(209,340)(207,419)(195,253)(190,214)
Receivable from shareholders or affiliates for issuance of capital stock    (26)(26)(26)
Other undisclosed stockholders' equity attributable to parent    1,6511,280 
Total stockholders' equity:4,8646,140(1,048)(6,253)(6,458)3,1186,516
TOTAL LIABILITIES AND EQUITY:21,84224,01522,62915,18013,58328,35633,158

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues33,25535,16734,75334,78134,54436,00037,975
Revenue, net36,00037,975
Cost of revenue
(Cost of Goods and Services Sold)
(9,988)(10,294)(9,634)(9,280)(9,656)(9,867)(9,985)
Gross profit:23,26724,87325,11925,50124,88826,13327,990
Operating expenses(24,780)(24,066)(24,383)(28,009)(40,927)(30,691)(30,266)
Operating income (loss):(1,513)807736(2,508)(16,039)(4,558)(2,276)
Nonoperating income (expense)2,2892,285(767)(1,014)(459)(560)(772)
Other nonoperating income (expense)(26)4(109)(117)142(65)(178)
Interest and debt expense2,321(10)(26)    
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2,333) 26    
Income (loss) from continuing operations before equity method investments, income taxes:7643,082(31)(3,522)(16,498)(5,118)(3,048)
Other undisclosed income from continuing operations before income taxes1210     
Income (loss) from continuing operations before income taxes:7763,092(31)(3,522)(16,498)(5,118)(3,048)
Income tax expense (benefit)141(15)(148)(90)4,33279(269)
Net income (loss) attributable to parent:9173,077(179)(3,612)(12,166)(5,039)(3,317)
Preferred stock dividends and other adjustments   (122)(257)(169) 
Net income (loss) available to common stockholders, diluted:9173,077(179)(3,734)(12,423)(5,208)(3,317)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income (loss):9173,077(179)(3,612)(12,166)(5,039)(3,317)
Comprehensive income (loss):9173,077(179)(3,612)(12,166)(5,039)(3,317)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(271)(156)84130(81)(412)939
Comprehensive income (loss), net of tax, attributable to parent:6462,921(95)(3,482)(12,247)(5,451)(2,378)

Statements sources

The financial statements are based on the company's filings with the 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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