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Sonic Foundry reports quarterly loss, higher Mediasite sales

Madison, Wis. - Rich media communications may be improving the way educational institutions and businesses communicate and collaborate, but Sonic Foundry, a provider of automated rich media communications technology, still lost nearly $1 million in the second quarter of fiscal year 2006.

The company, which still expects to reach the break......

Full article >>> each, and the company believes it now is achieving greater sales efficiency and pipeline expansion. The company said increased billings and expense controls already are contributing to an improving cash flow situation, and that it still expects to reach the operating cash flow break-even point during fiscal 2006, and to have sufficient cash to reach break-even operations.

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Source:wistechnology.com By Joe Vanden Plas 05/03/06


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