SOFO · Sonic Foundry Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.78M | $5.74M | $5.01M | $6.46M | $7.24M | $7.25M | $8.66M | $8.71M | $9.16M | $7.92M |
| Cost of Revenue | $2.48M | $2.46M | $1.97M | $1.91M | $2.08M | $2.10M | $2.62M | $2.58M | $2.41M | $2.17M |
| Gross Profit | $3.31M | $3.28M | $3.04M | $4.56M | $5.16M | $5.15M | $6.04M | $6.14M | $6.75M | $5.75M |
| R&D | $3.06M | $2.38M | $2.79M | $1.92M | $1.92M | $1.77M | $1.88M | $1.73M | $1.74M | $1.51M |
| SG&A | $1.10M | $1.02M | $1.62M | $1.44M | $1.27M | $1.80M | $1.10M | $1.05M | $1.20M | $1.03M |
| Total Operating Expenses | $10.54M | $6.06M | $7.34M | $6.23M | $6.42M | $6.66M | $5.85M | $5.68M | $5.95M | $5.52M |
| D&A | - | - | $480.0K | - | - | $252.0K | - | - | $227.0K | - |
| Operating Income | ($7.24M) | ($2.78M) | ($4.29M) | ($1.67M) | ($1.25M) | ($1.51M) | $193.0K | $455.0K | $805.0K | $226.0K |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($20.0K) | $112.0K | $137.0K | ($337.0K) | $54.0K | ($1.0K) | ($99.0K) | $137.0K | $155.0K | ($127.0K) |
| Net Income | ($7.87M) | ($3.38M) | ($4.39M) | ($1.50M) | ($1.34M) | ($1.53M) | $2.65M | $257.0K | $632.0K | $107.0K |
| EPS - Basic | ($0.65) | ($0.28) | ($0.38) | ($0.14) | ($0.15) | ($0.17) | $0.33 | $0.03 | $0.08 | $0.01 |
| EPS - Diluted | ($0.65) | ($0.28) | ($0.38) | ($0.14) | ($0.15) | ($0.17) | $0.31 | $0.03 | $0.08 | $0.01 |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $840.0K | $2.70M | $7.98M | $3.30M | $4.41M | $6.52M | $9.99M | $5.42M | $5.84M | $7.62M |
| Accounts Receivable | $4.00M | $5.62M | $3.44M | $4.92M | $4.43M | $5.30M | $5.17M | $5.11M | $5.26M | $6.25M |
| Inventory | $1.85M | $2.81M | $2.55M | $1.46M | $1.13M | $717.0K | $442.0K | $1.09M | $1.21M | $1.17M |
| Accounts Payable | $2.09M | $1.68M | $1.77M | $1.90M | $2.04M | $1.44M | $1.07M | $1.08M | $891.0K | $2.69M |
| Current Assets | $8.12M | $13.20M | $15.73M | $11.13M | $11.70M | $14.32M | $17.41M | $13.22M | $13.96M | $16.82M |
| Total Assets | $12.26M | $21.96M | $24.66M | $19.90M | $19.18M | $21.84M | $24.02M | $18.27M | $19.63M | $22.63M |
| Current Liabilities | $20.86M | $15.93M | $15.16M | $13.75M | $11.94M | $13.00M | $14.02M | $13.65M | $14.94M | $18.30M |
| Long-term Debt | $605.0K | $688.0K | $381.0K | $356.0K | $541.0K | $554.0K | $556.0K | $2.09M | $2.40M | $2.67M |
| Total Liabilities | $26.00M | $24.31M | $23.74M | $16.32M | $15.55M | $16.98M | $17.88M | $18.06M | $19.70M | $23.68M |
| Stockholders' Equity | ($13.74M) | ($2.35M) | $922.0K | $3.58M | $3.63M | $4.86M | $6.14M | $216.0K | ($67.0K) | ($1.05M) |
| Retained Earnings | ($232.87M) | ($221.29M) | ($217.91M) | ($213.53M) | ($209.31M) | ($207.97M) | ($206.44M) | ($208.63M) | ($208.89M) | ($209.52M) |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($3.94M) | - | - | ($2.57M) | - | - | ($1.27M) | - |
| Investing Cash Flow | - | - | ($959.0K) | - | - | ($944.0K) | - | - | ($287.0K) | - |
| Financing Cash Flow | - | - | $9.49M | - | - | $35.0K | - | - | ($267.0K) | - |
| CapEx | - | - | $204.0K | - | - | $616.0K | - | - | $287.0K | - |
| Free Cash Flow | - | - | ($4.14M) | - | - | ($3.18M) | - | - | ($1.55M) | - |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 57.2% | 57.1% | 60.7% | 70.5% | 71.3% | 71.0% | 69.7% | 70.4% | 73.7% | 72.6% |
| Operating margin | -125.2% | -48.5% | -85.6% | -25.8% | -17.3% | -20.9% | 2.2% | 5.2% | 8.8% | 2.9% |
| EBITDA margin | - | - | -76.0% | - | - | -17.4% | - | - | 11.3% | - |
| Net margin | -136.0% | -58.9% | -87.5% | -23.2% | -18.4% | -21.1% | 30.6% | 3.0% | 6.9% | 1.4% |
| Free cash flow margin | - | - | -82.6% | - | - | -43.9% | - | - | -17.0% | - |
| FCF / Net income | - | - | 0.94 | - | - | 2.08 | - | - | -2.46 | - |
| R&D / Revenue | 52.9% | 41.4% | 55.6% | 29.8% | 26.5% | 24.5% | 21.7% | 19.9% | 19.0% | 19.1% |
| SG&A / Revenue | 19.1% | 17.7% | 32.3% | 22.3% | 17.5% | 24.8% | 12.7% | 12.1% | 13.1% | 13.0% |
| Effective tax rate | - | - | - | - | - | - | -3.9% | 34.8% | 19.7% | - |
| Return on assets | -64.1% | -15.4% | -17.8% | -7.6% | -7.0% | -7.0% | 11.0% | 1.4% | 3.2% | 0.5% |
| Return on equity | 57.2% | 144.0% | -475.9% | -42.0% | -36.8% | -31.4% | 43.1% | 119.0% | -943.3% | -10.2% |
| Return on invested capital | - | - | -260.2% | -33.5% | -23.8% | -22.1% | 2.9% | 12.9% | 27.7% | 11.0% |
| Liquidity | ||||||||||
| Current ratio | 0.39 | 0.83 | 1.04 | 0.81 | 0.98 | 1.10 | 1.24 | 0.97 | 0.93 | 0.92 |
| Quick ratio | 0.30 | 0.65 | 0.87 | 0.70 | 0.89 | 1.05 | 1.21 | 0.89 | 0.85 | 0.85 |
| Cash ratio | 0.04 | 0.17 | 0.53 | 0.24 | 0.37 | 0.50 | 0.71 | 0.40 | 0.39 | 0.42 |
| Leverage | ||||||||||
| Debt / Equity | -0.04 | -0.29 | 0.41 | 0.10 | 0.15 | 0.11 | 0.09 | 9.67 | -35.81 | -2.55 |
| Debt / Assets | 0.05 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | 0.11 | 0.12 | 0.12 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | 2.32 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -0.89 | -9.36 | 26.75 | 5.56 | 5.28 | 4.49 | 3.91 | 84.60 | -292.99 | -21.59 |
| Liabilities / Assets | 2.12 | 1.11 | 0.96 | 0.82 | 0.81 | 0.78 | 0.74 | 0.99 | 1.00 | 1.05 |
| Efficiency | ||||||||||
| Asset turnover | 0.47 | 0.26 | 0.20 | 0.32 | 0.38 | 0.33 | 0.36 | 0.48 | 0.47 | 0.35 |
| Inventory turnover | 1.33 | 0.87 | 0.77 | 1.30 | 1.85 | 2.94 | 5.93 | 2.36 | 1.99 | 1.86 |
| Days sales outstanding | 253d | 357d | 250d | 278d | 223d | 267d | 218d | 214d | 209d | 288d |
| Days inventory outstanding | 274d | 417d | 472d | 280d | 198d | 124d | 62d | 155d | 184d | 196d |
| Days payable outstanding | 309d | 249d | 329d | 364d | 359d | 250d | 149d | 153d | 135d | 452d |
| Cash conversion cycle | 217d | 525d | 394d | 193d | 62d | 141d | 130d | 216d | 258d | 32d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | 12.3x | 141.7x | 47.3x | 340.0x |
| P / B | - | - | 10.0x | 3.6x | 7.9x | 5.6x | 5.3x | 168.4x | - | - |
| P / S | 1.4x | 1.9x | 1.8x | 2.0x | 4.0x | 3.8x | 3.7x | 4.2x | 3.4x | 3.4x |
| EV / EBITDA | - | - | - | - | - | - | - | - | 27.2x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -10.6% | -20.8% | -30.9% | -25.4% | -16.9% | -20.9% | 9.4% | 0.5% | 14.3% | -9.0% |
| Revenue CAGR (3y) | -9.9% | -12.8% | -14.5% | -9.4% | -3.2% | -6.6% | -0.1% | 1.0% | 1.0% | -7.0% |
| Revenue CAGR (5y) | -7.8% | -7.5% | -10.8% | -8.0% | -3.3% | -4.9% | -2.5% | -1.9% | 0.2% | -6.8% |
| Gross profit growth (YoY) | -27.4% | -36.6% | -40.9% | -24.5% | -15.8% | -23.8% | 5.1% | -2.0% | 15.7% | -22.2% |
| Operating income growth (YoY) | -333.4% | -121.7% | -183.3% | - | - | - | -14.6% | -14.0% | - | 56.9% |
| Net income growth (YoY) | -423.3% | -152.9% | -187.2% | - | - | - | 2372.9% | 170.5% | - | - |
| EPS growth (YoY) | -364.3% | -86.7% | -123.5% | - | - | - | 3000.0% | 200.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | 10.1% | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | 0.0% |
| FCF growth (YoY) | - | - | -30.2% | - | - | -104.6% | - | - | -226.0% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | -81.0% | -41.7% | 1581.9% | - | - | - | 99.0% | 83.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-09-30.
Business segments
$23.88M totalSOFO$18.25M · 76.4%
MSKK$3.58M · 15.0%
SFI$2.05M · 8.6%
Product / service
$40.36M totalService$16.01M · 39.7%
Product And Other$6.10M · 15.1%
Service Hosting$5.31M · 13.2%
Service Support$4.22M · 10.5%
Hardware$3.36M · 8.3%
Service Events$2.61M · 6.5%
Software$1.64M · 4.1%
Service Installs And Training$784.0K · 1.9%
Shipping$320.0K · 0.8%
Geographic
$22.11M totalUS$13.37M · 60.5%
Europe And Middle East$4.37M · 19.8%
Asia$3.68M · 16.7%
Other$693.0K · 3.1%
Peer comparison
Same SIC group: Radio & Tv Broadcasting & Communications Equipment
Comparing SONIC FOUNDRY INC against the 5 most active filers in the same SIC group.