Sonic Foundry Q3 EPS $(0.65) Down From $(0.14) YoY, Sales $5.78M Down From $6.46M YoY
Portfolio Pulse from Benzinga Newsdesk
Sonic Foundry reported Q3 losses of $(0.65) per share, a 364.29% decrease YoY. The company's sales also decreased by 10.56% to $5.78 million compared to $6.46 million in the same period last year.
August 10, 2023 | 9:00 pm
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Sonic Foundry's Q3 earnings report shows a significant increase in losses per share and a decrease in sales compared to the same period last year.
The significant increase in losses per share and decrease in sales YoY indicates a negative financial performance for Sonic Foundry. This could potentially lead to a decrease in the company's stock price in the short term.
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