Private company

SONIC FOUNDRY INC

American radio and tv broadcasting and communications equipment company1

In its 2024 annual report the company says: “We help customers maximize the value of their video initiatives and infrastructure while leveraging our expertise and global footprint to help unlock a smarter, more connected world for learners, workers, and entrepreneurs everywhere.”5 It is headquartered in Madison, Wisconsin.1

Last updated Oct 20, 2026.

Overview

$22.1MRevenue, fiscal 20232
-$19.3MNet income, fiscal 20232
  • IndustryRadio & Tv Broadcasting & Communications Equipment1
  • HeadquartersMadison, Wisconsin1
  • Incorporated inMD3
  • Business address222 W. Washington Avenue, Madison, Wi 537033
  • Filer categoryNon-accelerated filer, Smaller reporting company3

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Sonic Foundry, Inc. (NASDAQ: SOFO) is dedicated to transforming how the world works and learns through innovative and scalable technology solutions. We help customers maximize the value of their video initiatives and infrastructure while leveraging our expertise and global footprint to help unlock a smarter, more connected world for learners, workers, and entrepreneurs everywhere. Sonic Foundry’s family of brands includes Mediasite®, Video Solutions, Vidable® and Global Learning Exchange™, which are trusted by thousands of educational institutions, students, corporations, and health care organizations in dozens of countries around the world.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

58.1%Gross margin2
-78.7%Operating margin2
-87.5%Net margin2
-19.5%Revenue growth, 20232
-$11.9MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue42¢$9.3M
  • Research and development50¢$11.0M
  • Other costs7¢$1.6M
  • Income tax1¢$232.0K

Out of $22.1M in revenue.2 The company lost money this year.

Financial statements

Revenue678910112$22.1M in 2023−42% since 2016
0$10.0M$20.0M$30.0M$40.0M2016: $38.0M$38.0M20162017: $36.0M$36.0M2017−5%2018: $34.5M$34.5M2018−4%2019: $34.8M$34.8M2019+1%2020: $34.8M$34.8M2020−0%2021: $35.2M$35.2M2021+1%2022: $27.5M$27.5M2022−22%2023: $22.1M$22.1M2023−20%
Gross profit678910112$12.9M in 2023−54% since 2016
0$10.0M$20.0M$30.0M2016: $28.0M$28.0M20162017: $26.1M$26.1M2017−7%2018: $24.9M$24.9M2018−5%2019: $25.5M$25.5M2019+2%2020: $25.1M$25.1M2020−1%2021: $24.9M$24.9M2021−1%2022: $18.8M$18.8M2022−24%2023: $12.9M$12.9M2023−32%
Operating income678910112-$17.4M in 2023+665% since 2016
-$20.0M-$15.0M-$10.0M-$5.0M0$5.0M2016: -$2.3M-$2.3M20162017: -$4.6M-$4.6M2017+100%2018: -$16.0M-$16.0M2018+252%2019: -$2.5M-$2.5M2019−84%2020: $736.0K$736.0K20202021: $807.0K$807.0K2021+10%2022: -$6.9M-$6.9M20222023: -$17.4M-$17.4M2023+151%
Net income678910112-$19.3M in 2023+483% since 2016
-$20.0M-$10.0M0$10.0M2016: -$3.3M-$3.3M20162017: -$5.0M-$5.0M2017+52%2018: -$12.2M-$12.2M2018+141%2019: -$3.6M-$3.6M2019−70%2020: -$179.0K-$179.0K2020−95%2021: $3.1M$3.1M20212022: -$7.1M-$7.1M20222023: -$19.3M-$19.3M2023+173%
Fiscal year20162017201820192020202120222023
Revenue$38.0M6$36.0M7$34.5M8$34.8M9$34.8M10$35.2M11$27.5M2$22.1M2
Cost of revenue$10.0M6$9.9M6$9.7M8$9.3M9$9.6M10$10.3M11$8.7M2$9.3M2
Gross profit$28.0M6$26.1M7$24.9M8$25.5M9$25.1M10$24.9M11$18.8M2$12.9M2
Research and development$6.8M6$7.2M7$7.1M8$7.4M9$6.3M10$7.2M11$7.5M2$11.0M2
Operating expenses$25.7M2$30.3M2
Operating income-$2.3M6-$4.6M7-$16.0M8-$2.5M9$736.0K10$807.0K11-$6.9M2-$17.4M2
Income before tax-$7.3M2-$19.1M2
Income tax$269.0K6-$79.0K7-$4.3M8$90.0K9$148.0K10$15.0K11-$235.0K2$232.0K2
Net income-$3.3M6-$5.0M7-$12.2M8-$3.6M9-$179.0K10$3.1M11-$7.1M2-$19.3M2
Earnings per share-$0.766-$1.177-$2.678-$0.649-$0.0210$0.3711-$0.722-$1.622
Earnings per share (diluted)-$0.766-$1.177-$2.678-$0.649-$0.0210$0.3611-$0.722-$1.622
Shares (weighted, basic)9.9M shares212.0M shares2
Shares (weighted, diluted)9.9M shares212.0M shares2

Compare SONIC FOUNDRY INC with another company

Corporate structure

SONIC FOUNDRY INC sits at the top of its group. 4 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SONIC FOUNDRY INC

  • Ron W. Busslinger Filed SC 13G/A on SONIC FOUNDRY INC, latest Jun 14, 2023 (2 filings since May 18, 2022)
  • SONIC FOUNDRY INC Madison, Wisconsin
    • Mediasite KK – Incorporated in Subsidiary · Japan
    • Sonic Foundry International B.V. (formerly Media Mission B.V.) – Incorporated in Subsidiary · Netherlands
    • Sonic Foundry Media Systems, Inc. – Incorporated in the State of Subsidiary · Maryland, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SONIC FOUNDRY INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$5.8M2 Sep 30, 2023$9.3M2 Sep 30, 2022−36.9%
Furniture and fixtures$1.6M2 Sep 30, 2023$1.4M2 Sep 30, 2022+12.7%
Leasehold improvements$1.4M2 Sep 30, 2023$1.5M2 Sep 30, 2022−3.0%
Property and equipment, before depreciation$8.8M2 Sep 30, 2023$12.1M2 Sep 30, 2022−27.1%
Accumulated depreciation$7.2M2 Sep 30, 2023$8.7M2 Sep 30, 2022−17.2%
Property and equipment, net$1.6M2 Sep 30, 2023$3.4M2 Sep 30, 2022−52.3%
Operating-lease assets (leased space)$1.5M2 Sep 30, 2023$2.1M2 Sep 30, 2022−24.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$840.0K2 Sep 30, 2023$3.3M2 Sep 30, 2022−74.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.9M2 Sep 30, 2023$1.5M2 Sep 30, 2022+26.9%
Raw materials$517.0K2 Sep 30, 2023$507.0K2 Sep 30, 2022+2.0%
Finished goods$1.4M2 Sep 30, 2023$1.1M2 Sep 30, 2022+35.5%

Leadership

Who has led SONIC FOUNDRY INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Rimas Buinevicius2006–2011
  2. Gary Weis2011–2018
  3. Michael Norregaard2019
  4. Joe Mozden Jr.2020–2023

Chair

  1. Rimas Buinevicius2006–2011

Chief financial officer

  1. Kenneth A. Minor2007–2023
  2. Kelsy L. Boyd2020

Chief operating officer

  1. Darrin T. Coulson2006–2008
  2. Michael Norregaard2019
2010201520202025
Board members and other officers (18)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Mediasite KK – Incorporated in Japan4
  • Sonic Foundry International B.V. (formerly Media Mission B.V.) – Incorporated in the Netherlands4
  • Sonic Foundry Media Systems, Inc. – Incorporated in the State of Maryland4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Mar 28, 20248-K Entered a material agreement; Bankruptcy or receivership; New debt or obligation41
  2. Mar 22, 20248-K Bankruptcy or receivership; Debt or obligation accelerated; Executive or director change42
  3. Mar 14, 20248-K Change of auditor43
  4. Mar 8, 20248-K Executive or director change44
  5. Feb 9, 20248-K Completed an acquisition or sale; Shareholder vote45
  6. Jan 5, 20248-K Entered a material agreement46
  7. Jan 4, 20248-K Results of operations; Other events47
  8. Jan 2, 20248-K New debt or obligation48
  9. Dec 11, 20238-K New debt or obligation49
  10. Dec 4, 20238-K Listing notice or transfer50
  11. Aug 10, 20238-K Results of operations51
  12. Jul 12, 20238-K Listing notice or transfer52
  13. Dec 28, 2020New chief executive Joe Mozden Jr. becomes CEO16
  14. Jul 5, 2019New chief executive Michael Norregaard becomes CEO17
  15. May 5, 2011New chief executive Gary Weis becomes CEO18
  16. Feb 9, 2006New chief executive Rimas Buinevicius becomes CEO19

Calendar

When it reported results

  1. Jan 4, 2024Reported quarterly or annual results47
  2. Aug 10, 2023Reported quarterly or annual results51
  3. May 11, 2023Reported quarterly or annual results53
  4. Feb 9, 2023Reported quarterly or annual results54
  5. Dec 8, 2022Reported quarterly or annual results55
  6. Aug 11, 2022Reported quarterly or annual results56
  7. May 11, 2022Reported quarterly or annual results57
  8. Feb 10, 2022Reported quarterly or annual results58

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

91 filings to the SEC since October 2021: 4 annual reports, 6 quarterly reports, 31 major events, 28 insider forms, 2 large holders, 20 other. The latest 20:

  1. Mar 28, 20248-K EDGAR
  2. Mar 22, 20248-K EDGAR
  3. Mar 14, 20248-K EDGAR
  4. Mar 8, 20248-K EDGAR
  5. Feb 16, 2024NT 10-Q EDGAR
  6. Feb 15, 202425-NSE EDGAR
  7. Feb 9, 20248-K EDGAR
  8. Jan 29, 202410-K/A EDGAR
  9. Jan 16, 2024DEFM14A EDGAR
  10. Jan 5, 2024PREM14A EDGAR
  11. Jan 5, 2024DEFA14A EDGAR
  12. Jan 5, 20248-K EDGAR
  13. Jan 4, 2024DEFA14A EDGAR
  14. Jan 4, 20248-K EDGAR
  15. Jan 4, 202410-K EDGAR
  16. Jan 2, 20248-K EDGAR
  17. Dec 29, 2023NT 10-K EDGAR
  18. Dec 11, 20238-K EDGAR
  19. Dec 4, 20238-K EDGAR
  20. Aug 10, 20238-K EDGAR

The 91 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 2 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 15, 2022Wiegand BrianDirectorSale5,786$0.88$5.1KForm 4
Aug 17, 2022MINOR KENNETH AChief Financial OfficerBuy12,500$1.44$18.0KForm 4
Aug 17, 2022Mozden Joe JrChief Executive OfficerBuy12,500$1.44$18.0KForm 4
Aug 17, 2022Wiegand BrianDirectorSale25,000$1.44$36.0KForm 4
Mar 14, 2022Murphy Nelson ADirectorSale2,200$3.60$7.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Ron W. BusslingerSC 13G/A, 2 filings May 18, 2022 to Jun 14, 202359

SEC filer profile

How SONIC FOUNDRY INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSONIC FOUNDRY INC1
  • CIK0001029744
  • Employer ID (EIN)39-17833721
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inMaryland1
  • Fiscal year endsSeptember 301
  • Industry code (SIC)3663 Radio & Tv Broadcasting & Communications Equipment1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address222 W. Washington Avenue, Madison, WI 537031
  • Phone60844316001
  • Shares outstanding12,139,360 as of Dec 15, 202315
  • Public float$6.4M as of Mar 31, 202315
  • On EDGAR sinceFeb 10, 19981
  • Filings888 in all: 4 (355), 8-K (202), 10-Q (72), SC 13G/A (31), DEF 14A (25), 10-K (24), 3 (17), S-3 (15)1
    All 48 form types

    S-3/A (15), S-8 (15), 10-K/A (11), SC 13D/A (10), UPLOAD (10), SC 13G (8), CORRESP (7), 8-K/A (6), NT 10-K (6), SD (6), 10QSB (5), EFFECT (5), PRE 14A (5), 4/A (3), 424B3 (3), 424B5 (3), 8-A12B (2), DEFA14A (2), NT 10-Q (2), SB-2/A (2), SC 13D (2), 10-K405 (1), 10-K405/A (1), 10KSB40 (1), 10KSB40/A (1), 25 (1), 25-NSE (1), 3/A (1), 424B1 (1), 8-A12G (1), CERT (1), D (1), DEFM14A (1), DEFR14A (1), POS AM (1), POS462C (1), PREM14A (1), PRER14A (1), RW (1), SB-2 (1)

  • Latest filingsAnnual report (10-K) Jan 4, 2024
    Quarterly report (10-Q) Aug 10, 2023
    Proxy statement (DEF 14A) Jan 26, 2023
    Latest 8-K (8-K) Mar 28, 2024

Sources

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