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Sonic Foundry Reports Fiscal 2003 Results

MADISON, Wis--Sonic Foundry, Inc., a rich media solutions company, today announced results for its fiscal 2003 year ended Sept. 30, 2003. During fiscal 2003, the company completed a major transformation of its business, selling off both its Media Services and Desktop Software divisions to focus exclusively on the rich media Web communication......

Full article >>> xpected to continue to decline in 2004 as a result of the company's streamlined operations in line with its new strategy and core focus on Web communications.

Going forward, the company anticipates revenues will continue to grow at a fairly rapid clip -- increasing to between $700,000 and $800,000 for the first quarter of fiscal 2004. Together with anticipated improvements in gross margi......

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'"/> By WTN News 12/20/03

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