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Sonic Foundry, Inc. - $SOFO STOCK NEWS

Welcome to our dedicated page for Sonic Foundry news (Ticker: $SOFO), a resource for investors and traders seeking the latest updates and insights on Sonic Foundry stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sonic Foundry's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Sonic Foundry, Inc. (NASDAQ: SOFO) has partnered with Penn Foster Group to expand access to quality online education in underserved markets. The partnership aims to provide Global Learning Exchange students with a greater variety of program options while enabling Penn Foster Group to expand its global footprint and reach students in emerging markets.
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1.27%
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Rhea-AI Summary
Sonic Foundry, Inc. (SOFO) announced its 2023 fiscal third-quarter financial results, reporting a total revenue of $5.8 million, a gross margin of 57%, and a net loss of $7.9 million. The company highlighted its shift from hardware devices to other video capture methods, as well as investments in cloud infrastructure and software development. CEO Joe Mozden, Jr. expressed confidence in the company's long-term strategy and emphasized the positive trends in customer transition to multi-year contracts and the growth of new ventures like Vidable® and Global Learning Exchange™.
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-2.47%
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Rhea-AI Summary
Sonic Foundry's Vidable business will partner with its Video Solutions business to develop AI solutions for the events market. The partnership aims to mine video captured at live conferences for insights that help sponsors understand attendee sentiment and improve conference experiences. Vidable has already sold over a million hours of AI transformations for enterprise video and is expanding its business globally.
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25.69%
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Sonic Foundry, Inc.

Nasdaq:SOFO

SOFO Rankings

SOFO Stock Data

546.27k
4.96M
59.19%
0.43%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
Link
United States of America
Madison

About SOFO

sonic foundry (nasdaq: sofo) is the trusted global leader for video capture, management and webcasting solutions in education, business and government. the patented mediasite enterprise video platform transforms communications, training, education and events for more than 3,800 customers in 65 countries. sonic foundry is a leader in aragon research’s globe for video content management, frost & sullivan’s lecture capture leader for seven consecutive years, a leader in forrester’s enterprise video platforms and webcasting wave and a challenger in gartner’s magic quadrant for enterprise video content management.