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Sonic Foundry fiscal Q1 loss widens 7.0% YOY

Sonic Foundry Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, came to a loss of 17 cents per share, compared with a loss of 16 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $750,630, compared with a loss of $701,250 in the prior-year period.

The normalized profit margin fell to negative 8.3% from negative 8.0% in the year-earlier period.

Total revenue increased on an annual basis to $9.1 million from $8.7 million, and total operating expenses increased year over year to $10.2 million from $10.0 million.

Reported net income totaled a loss of $1.2 million, or a loss of 28 cents per share, compared to a loss of $1.0 million, or a loss of 24 cents per share, in the prior-year period.