Sonic Foundry Reports First Quarter Fiscal 2013 Results

Sonic Foundry, Inc. Condensed Consolidated Statements of Operations (in thousands, except for share and per share data) (Unaudited)
	Three Months Ended December 31,
	2012			2011

Revenue:
Product	$	2,841		$	2,599
Services		3,640			3,500
Other		71			86
Total revenue		6,552			6,185
Cost of revenue:
Product		1,314			1,261
Services		371			417
Total cost of revenue		1,685			1,678
Gross margin		4,867			4,507

Operating expenses:
Selling and marketing		3,007			2,772
General and administrative		815			825
Product development		1,176			982
Total operating expenses		4,998			4,579
Loss from operations		(131	)		(72	)

Equity investment in earnings from Mediasite KK		78			-
Other expense, net		(26	)		(52	)
Loss before income taxes		(79	)		(124	)
Provision for income taxes		(60	)		(60	)
Net loss	$	(139	)	$	(184	)

Net loss per common share:
– basic	$	(0.04	)	$	(0.05	)
– diluted	$	(0.04	)	$	(0.05	)

Weighted average common shares
– basic		3,897,880			3,839,907
– diluted		3,897,880			3,839,907