Sonic Foundry (SOFO) Reports Q4 Loss of $0.19/Share

Sonic Foundry (NASDAQ: SOFO) reported Q4 EPS of ($0.19), versus ($0.28) reported last year. Revenue for the quarter came in at $9.5 million, versus $9.1 million reported last year.

Outlook
The Company is providing metrics for fiscal 2017 including the following:

• Billings growth from individual transactions of less than $450 thousand is expected to range between five and seven percent from $39.5 million in fiscal 2016.
• Billings from remaining, larger transactions are inherently more complex in many ways -- often requiring construction of new buildings or campuses -- and may require modification to meet certain technical requirements. Our pipeline of expected large transactions is at approximately $5 million and believe we will be successful in several of those during fiscal 2017. Due to the inherent uncertainty, we cannot predict when or if we complete these transactions. Therefore we are providing guidance of between zero and $2 million in fiscal 2017
• Continued gross margin improvement from 74% in fiscal 2016 to 75% or better

For earnings history and earnings-related data on Sonic Foundry (SOFO) click here.

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