Yahoo Finance Sonic Foundry Second Quarter 2023 Earnings: Beats Expectations
Sonic Foundry (NASDAQ:SOFO) Second Quarter 2023 Results
Key Financial Results
Revenue: US$5.74m (down 21% from 2Q 2022).
Net loss: US$3.38m (loss widened by 153% from 2Q 2022).
US$0.28 loss per share (further deteriorated from US$0.15 loss in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sonic Foundry Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 22%.
Looking ahead, revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are up 1.0% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 5 warning signs for Sonic Foundry (3 don't sit too well with us!) that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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