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Sonic closer to turning profit corner

Madison, Wis. - Following the announcement of increased quarterly revenues, Sonic Foundry, Inc., a provider of rich-media technology, once again projected cash flow break even for the fourth quarter of 2006, with full year profitability projected for 2007.

Chairman and CEO Rimas Buinevicius and CFO Ken Minor released upbeat res......

Full article >>> r of 2005, Sonic reported improvements in operating efficiency - while sales grew 64 percent, operating costs grew by 36 percent - and continued growth in new, repeat, multi-unit sales and enterprise customers. Among the new customers it added in the third quarter were Genzyme Corp., which last year acquired Madison's Bone Care International, University of Wisconsin-Madison. Buinevicius suggested that distributed decision-making a......

Full article >>> pared to $124,000 for the third quarter of fiscal 2005, growing from six percent to 20 percent of total revenues.

Service billings - service contracts, consulting, on-site training, hosting, and installation, grew 145 percent to $918,000, up from $374,000 in the third quarter of fiscal 2005. As of June 30, 2006, an accumulated $1.6 million of unearned revenue was billed and deferred on ......

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Source:wistechnology.com By Chris Fleissner 07/25/06


Related biology technology :

1. Sonic Foundry reports GAAP loss as Q2 revenues rise
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5. Sonic Foundry completes $11.25M stock offer
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9. Visions: Rimas Buinevicius, CEO of Sonic Foundry
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