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Sonic Foundry to Postpone Earnings Conference Call for its Fourth Quarter and Fiscal 2017 Results(December 07, 2017)
MADISON, Wis., Dec. 07, 2017 (GLOBE NEWSWIRE) -- Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted global leader for video creation and management solutions, today announces that it is postponing its earnings conference call originally scheduled to be held today at 4:30 p.m. ET. The delay is to allow additional time to re-evaluate the company’s non-cash intangible assets.
When complete, the evaluation will include the company’s recent decline in stock price as a variable in the assessment.The company will schedule the release of results for its fourth quarter and fiscal 2017 upon completion of the assessment which is expected to occur before the new year.
Sonic Foundry (NASDAQ:SOFO) is the global leader for video capture, management and streaming solutions. Trusted by more than 4,300 educational institutions, corporations, health organizations and government entities in 65 countries, its Mediasite Video Platform quickly and cost-effectively automates the capture, management, delivery and search of live and on-demand streaming videos. Leading research firms Aragon, Forrester, Wainhouse and Frost & Sullivan recognize Sonic Foundry as a leader in enterprise video, webcasting and lecture capture. Learn more at www.sonicfoundry.com and @mediasite.
© 2017 Sonic Foundry, Inc. Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/10c47fa0-1037-4a1c-a5d8-1c03f31571b0
CONTACT: Nicole Wise, Director of CommunicationsSonic Foundry920.email@example.com