Sonic Foundry, Inc. (SOFO) Bundle
A Brief History of Sonic Foundry, Inc. (SOFO)
Company Overview
Sonic Foundry, Inc. is a technology company headquartered in Madison, Wisconsin. The company specializes in video content management and lecture capture technologies.
Financial Performance
| Fiscal Year | Total Revenue | Net Income/Loss |
|---|---|---|
| 2022 | $20.2 million | ($3.1 million) |
| 2023 | $21.7 million | ($2.5 million) |
Key Products
- Mediasite Video Platform
- Mediasite Capture
- Mediasite Analytics
Stock Information
Ticker Symbol: SOFO
Trading Exchange: NASDAQ
Stock Price (as of January 2024): $1.23
Market Capitalization: Approximately $25 million
Key Customers
- Higher Education Institutions
- Corporate Training Organizations
- Government Agencies
Employee Information
Total Employees: Approximately 100
Operational Segments
- Video Content Management
- Lecture Capture Solutions
- Enterprise Video Platform
A Who Owns Sonic Foundry, Inc. (SOFO)
Major Institutional Shareholders
| Shareholder | Shares | Percentage |
|---|---|---|
| Dimensional Fund Advisors LP | 610,124 | 4.79% |
| Renaissance Technologies LLC | 332,458 | 2.61% |
| BlackRock Inc. | 285,674 | 2.24% |
Insider Ownership
As of the most recent filing:
- Total insider ownership: 3.62%
- Number of insider shareholders: 5 individuals
- Key insider: Fred Hagenauer (CFO and Secretary)
Ownership Structure
Public float: 96.38%
Trading symbol: SOFO
Market capitalization: $127.6 million (as of January 2024)
Sonic Foundry, Inc. (SOFO) Mission Statement
Company Overview
Sonic Foundry, Inc. trades on the NASDAQ under the ticker symbol SOFO. As of Q4 2023, the company's market capitalization was $24.3 million.
Financial Performance
| Total Revenue (2023) | $16.7 million |
| Net Income (2023) | -$3.2 million |
| Cash and Cash Equivalents | $5.6 million |
Core Business Focus
Sonic Foundry specializes in video capture, management, and streaming technologies, primarily through its Mediasite platform.
Key Product Offerings
- Mediasite Video Platform
- Enterprise Video Solutions
- Lecture Capture Technology
Market Segments
| Education Sector Revenue | 62% of total revenue |
| Corporate Training Market | 28% of total revenue |
| Other Markets | 10% of total revenue |
Operational Metrics
- Total Employees: 87
- Headquarters: Madison, Wisconsin
- Years in Operation: 30+
Strategic Objectives
Primary mission: Provide innovative video technology solutions for knowledge capture and sharing across enterprise and educational environments.
How Sonic Foundry, Inc. (SOFO) Works
Company Overview
Sonic Foundry, Inc. is a technology company headquartered in Madison, Wisconsin. Stock ticker symbol: SOFO. Market capitalization: $28.65 million as of January 2024.
Core Business Segments
- Media Platform Technology
- Video Content Management Solutions
- Enterprise Video Services
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $16.4 million |
| Gross Profit | $9.2 million |
| Net Income | -$3.7 million |
| Cash on Hand | $4.5 million |
Product Offerings
Mediasite Platform generates approximately 80% of company revenue. Key client sectors include:
- Higher Education
- Corporate Training
- Government Institutions
Operational Metrics
| Metric | 2023 Data |
|---|---|
| Total Employees | 95 |
| R&D Expenditure | $3.2 million |
| Number of Customers | 1,200+ |
Stock Information
Trading Price Range (2024): $1.50 - $2.25 per share. Average Daily Trading Volume: 50,000 shares.
How Sonic Foundry, Inc. (SOFO) Makes Money
Revenue Streams
Sonic Foundry, Inc. generates revenue primarily through its Mediasite video platform and enterprise video solutions.
| Revenue Source | Percentage of Total Revenue |
|---|---|
| Mediasite Software License | 42% |
| Video Platform Services | 35% |
| Professional Services | 23% |
Product Offerings
- Mediasite Video Platform
- Enterprise Video Solutions
- Recording and Streaming Technologies
Market Segments
Sonic Foundry primarily serves:
- Higher Education Institutions
- Corporate Training Departments
- Government Organizations
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Annual Revenue | $22.4 million |
| Gross Margin | 56% |
| Operating Expenses | $12.6 million |
Pricing Model
Sonic Foundry employs a subscription-based and perpetual licensing model for its video platforms.
| License Type | Average Annual Cost |
|---|---|
| Enterprise Subscription | $75,000 - $250,000 |
| Academic Institution Package | $45,000 - $150,000 |
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