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Description:
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Sonic Foundry, Inc. is in the business of developing solutions for one-to-many communications. The Company's internally developed software code, coupled with its acquired systems technology, includes advanced publishing tools and media access technologies operating across multiple digital delivery platforms to enterprise-based media applications. Its solutions are based on technologies that enhance media communications through the use of rich media, defined as a media element that combines graphics, text, video, audio and metadata in a single data file. The Company's product is the family of Mediasite presentation recorders (Mediasite), a complete presentation recording systems for live or on-demand viewing over the Internet, intranet or recording to physical media. Related products and services include server software applications and customer support, installation, training and content hosting services. For the nine months ended 30 June 2006, Sonic Foundry, Inc.'s revenues rose 36% to $6.6M. Net loss fell 8% to $3.1M. Revenues reflect higher product sales and an increase in customer support fees. Lower loss reflects an higher gross margin partially offset by an increase in selling & marketing expenses, higher product development expenses and a decrease in other income. The Company is engaged in automated rich media communications technology.
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