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Sonic Foundry has net loss for '05 despite nearly doubled revenue

Madison, Wis. — Sonic Foundry posted mixed financial numbers for the end of fiscal 2005 on Thursday, nearly doubling revenue while still posting a net loss.

Revenues were $8.3 million, an 89 percent increase over the previous fiscal year, with unit sales up 74 percent, owing to multiple unit sales, repeat purchases, new product offerings and increased marketing efforts.
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Source:wistechnology.com By WTN News 12/05/05


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