Event-Driven Stocks

SONIC FOUNDRY INC

SOFO

Technology · Radio & Tv Broadcasting & Communications Equipment · MD · SEC filings ↗ · Compare ⊕

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Signs● 2 good● 5 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY23FY22FY21FY20FY19FY18
Revenue$22.1M$27.5M$35.2M$34.8M$34.8M$8.5M
Operating income−$17.4M−$6.9M$807,000$736,000−$2.5M−$1.3M
Net income−$19.3M−$7.1M$3.1M−$179,000−$3.6M−$1.4M
Total assets$12.3M$19.9M$24.0M$22.6M$15.2M$13.6M
Total liabilities$26.0M$16.3M$17.9M$23.7M$21.4M$20.0M
Equity−$13.7M$3.6M$6.1M−$1.0M−$6.3M−$4.8M
EPS (diluted)$-1.62$-0.72$0.36$-0.02$-0.64$-2.67
Shares out.12.1M12.1M9.1M8.0M6.7M5.1M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2023
Operating margin
−78.7%
Net margin
−87.5%
Return on equity
140.8%
Return on assets
−157.8%
Return on capital (ROCE)
—
Liabilities / assets
212.0%
Debt / equity
—
Book value / share
$-1.13
Revenue growth (YoY)
−19.5%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2023
Altman Z″ (distress)
-78.81distress
Accruals / assets
−65.4%clean
Beneish M-Score
-6.30normal
Piotroski F-Score
2/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
25
/ 100
Profitability 25Growth 0Catalyst 33Earnings quality 67Financial strength 0

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

● 3 severe● 5 warning● 2 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • High leverage (liabilities > 70% of assets)
  • Negative operating cash flow
  • Strong return on equity (>15%)
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 202628,741624.80.0%
Apr 30, 202628,74131.00.0%
Apr 15, 202628,7411000.00.0%
Mar 31, 202628,7416.30.0%
Mar 13, 202628,741684.30.0%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)

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