Sonic Foundry, Inc.
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Sonic Foundry, Inc. - overview
Established
1991
Location
Madison, WI, US
Primary Industry
Internet
About
Sonic Foundry, Inc. , based in the US, specializes in providing innovative software solutions that enhance operational efficiency and data accessibility for businesses across various sectors. Sonic Foundry, Inc. was founded in 1991 and operates out of Madison, US.
The company focuses on delivering advanced software solutions designed to optimize business operations. The firm has undergone strategic shifts to align with emerging market needs. The founders, Andrew Denton and Mark Thorn, have backgrounds that contribute to the company's direction. As of November 2022, Sonic Foundry attracted USD 8.
5 mn in VENTURE DEBT funding, led by Neltjeberg Bay Enterprises LLC, which is part of a total of USD 9. 7 mn raised to date. Sonic Foundry, Inc. offers a comprehensive suite of products tailored to specific market needs.
Their flagship software enhances operational efficiency and cost management for industries such as logistics, healthcare, and retail. Additionally, the company provides ancillary services including technical support and training to maximize product utility, serving a customer base of medium to large enterprises across North America, Europe, and Asia. In the most recent year, 2023, Sonic Foundry reported revenue of USD 22. 11 mn, with an EBITDA of USD -14.
47 mn, reflecting the company's financial performance in the current market landscape. With the recent funding secured in November 2022, Sonic Foundry plans to further develop its Vidable™ and Global Learning Exchange™ products. The company aims to expand into new geographic markets, enhancing its footprint in North America, Europe, and Asia by 2024. The funds will support the development and marketing of these new offerings, ensuring they meet the needs of clients seeking innovative solutions.
Current Investors
U.S. Bank National Association, Neltjeberg Bay Enterprises LLC, Ackerley Partners
Primary Industry
Internet
Sub Industries
Internet, Software
Website
www.sonicfoundry.com
Total Amount Raised
Subscriber access only
Sonic Foundry, Inc. - timeline of key events
Sonic Foundry, Inc. - financials
| Fiscal Year Ended | Sep 30, 2011 | Sep 30, 2012 | Sep 30, 2013 | Sep 30, 2014 | Sep 30, 2015 | Sep 30, 2016 | Sep 30, 2017 | Sep 30, 2018 | Sep 30, 2019 | Sep 30, 2020 | Sep 30, 2021 | Sep 30, 2022 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 25,222,000 | 26,090,000 | 27,756,000 | 35,830,000 | 36,459,000 | 37,975,000 | 36,000,000 | 34,544,000 | 34,781,000 | 34,753,000 | - | - | - |
| % Revenue Growth (YoY) | - | 3.4% | 6.4% | 29.1% | 1.8% | 4.2% | (5.2%) | (4.0%) | 0.7% | (0.1%) | - | - | - |
| EBITDA (USD) | 1,190,000 | 1,039,000 | 568,000 | (1,352,000) | (1,824,000) | (71,000) | (2,581,000) | (14,300,000) | (1,231,000) | 1,856,000 | - | - | - |
| Operating Income (USD) | 278,000 | 109,000 | (638,000) | (3,082,000) | (4,092,000) | (2,276,000) | (4,558,000) | (16,039,000) | (2,508,000) | 736,000 | - | - | - |
| Operating Margin | 1.1% | 0.4% | (2.3%) | (8.6%) | (11.2%) | (6.0%) | (12.7%) | (46.4%) | (7.2%) | 2.1% | - | - | - |
| % EBITDA Margin | 4.7% | 4.0% | 2.0% | (3.8%) | (5.0%) | (0.2%) | (7.2%) | (41.4%) | (3.5%) | 5.3% | - | - | - |
| NET Income (USD) | (243,000) | 157,000 | (792,000) | (2,816,000) | (4,525,000) | (3,317,000) | (5,039,000) | (12,166,000) | (3,612,000) | (179,000) | - | - | - |
| % Net Margin | (1.0%) | 0.6% | (2.9%) | (7.9%) | (12.4%) | (8.7%) | (14.0%) | (35.2%) | (10.4%) | (0.5%) | - | - | - |
Sonic Foundry, Inc. - employee data
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