GURUFOCUS.COM » STOCK LIST » Technology » Software » Sonic Foundry Inc (OTCPK:SOFO) » Definitions » Gross Profit

SOFO (Sonic Foundry) Gross Profit : $12.85 Mil (TTM As of Sep. 2023)


View and export this data going back to 1998. Start your Free Trial

What is Sonic Foundry Gross Profit?

Sonic Foundry's gross profit for the three months ended in Sep. 2023 was $3.23 Mil. Sonic Foundry's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was $12.85 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Sonic Foundry's gross profit for the three months ended in Sep. 2023 was $3.23 Mil. Sonic Foundry's Revenue for the three months ended in Sep. 2023 was $5.58 Mil. Therefore, Sonic Foundry's Gross Margin % for the quarter that ended in Sep. 2023 was 57.88%.

Sonic Foundry had a gross margin of 57.88% for the quarter that ended in Sep. 2023 => Durable competitive advantage


Sonic Foundry Gross Profit Historical Data

The historical data trend for Sonic Foundry's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sonic Foundry Gross Profit Chart

Sonic Foundry Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.50 25.12 24.87 18.81 12.85

Sonic Foundry Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.94 3.04 3.28 3.31 3.23

Competitive Comparison of Sonic Foundry's Gross Profit

For the Software - Application subindustry, Sonic Foundry's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sonic Foundry's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, Sonic Foundry's Gross Profit distribution charts can be found below:

* The bar in red indicates where Sonic Foundry's Gross Profit falls into.


;
;

Sonic Foundry Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Sonic Foundry's Gross Profit for the fiscal year that ended in Sep. 2023 is calculated as

Gross Profit (A: Sep. 2023 )=Revenue - Cost of Goods Sold
=22.109 - 9.255
=12.85

Sonic Foundry's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )=Revenue - Cost of Goods Sold
=5.575 - 2.348
=3.23

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $12.85 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Sonic Foundry's Gross Margin % for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )=Gross Profit (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=3.23 / 5.575
=57.88 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Sonic Foundry  (OTCPK:SOFO) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Sonic Foundry had a gross margin of 57.88% for the quarter that ended in Sep. 2023 => Durable competitive advantage


Sonic Foundry Gross Profit Related Terms

Thank you for viewing the detailed overview of Sonic Foundry's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.


Sonic Foundry Business Description

Traded in Other Exchanges
N/A
Address
222 W. Washington Avenue, Madison, WI, USA, 53703
Sonic Foundry Inc is engaged in the business of providing video enterprise solutions and services for the digital-first, distance learning, and corporate communications market. It offers video capture, management, and streaming solutions as well as virtual and hybrid events in education, business, and government. Sonic Foundry's family of brands includes Mediasite, Video Solutions, Vidable and Global Learning Exchange. The company also offers video solutions, including Mediasite Video Platform, Mediasite Video Cloud, Mediasite Capture Solutions, Mediasite Events, Mediasite Services, and Mediasite Customer Care. The company has a geographical presence in the United States, Europe, and the Middle East, Asia, and other places.
Executives
Brian Wiegand director 8215 GREENWAY BLVD, SUITE 340, MIDDLETON WI 53562
Ron W Busslinger 10 percent owner 27901 VIA DEL AGUA, LAGUNA NIGUEL CA 92677
Joe Jr Mozden director 3423 WILD PRAIRIE LN, GENEVA IL 60134
Kenneth A Minor officer: Chief Financial Officer
Nelson A Murphy director 2300 W INNES ST, SALISBURY NC 28144
Taha Jangda director 3827 LINKLEA DRIVE, HOUSTON TX 77025
Lawrence William St director 23 ASHLAND STREET, NEWBURYPORT MA 01950-1905
Kelsy L Boyd director 2839 PLEASANT VIEW HTS, COTTAGE GROVE WI 53527
Michael Norregaard officer: Chief Operating Officer 4891 ENCHANTED VALLEY ROAD, MIDDLETON WI 53562
Andrew D. Burish 10 percent owner 8020 EXCELSIOR DRIVE, MADISON WI 53717
David Slayton director 701 WASHINGTON AVE N. SUITE #400, MINNEAPOLIS WI 55401
Gary Weis director, officer: Chief Executive Officer & CTO
Kopko Frederick H Jr director 4901 S ELLIS AVE, CHICAGO IL 60615
Mark D Burish director HURLEY, BURISH, MILLIKEN S.C., 301 NORTH BROOM STREET, MADISON WI 53703
David Kleinman director

Sonic Foundry Headlines

From GuruFocus

Sonic Foundry Announces Proposed Public Offering of Common Stock

By GlobeNewswire GlobeNewswire 04-13-2022

Sonic Foundry� Launches Video Solutions

By Business Wire Business Wire 11-03-2022

Sonic Foundry Enters Two New High-Growth Markets

By GuruFocusNews GuruFocusNews 03-29-2022

Sonic Foundry Announces Uplisting to Nasdaq Capital Market

By GuruFocusNews GuruFocusNews 01-24-2022