Sonic Foundry to Postpone Earnings Conference Call for its Fourth Quarter and Fiscal 2017 Results
December 07 2017 - 1:42PM
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.
About Sonic Foundry®,
Inc.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.
Attachments:
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/10c47fa0-1037-4a1c-a5d8-1c03f31571b0
Nicole Wise, Director of Communications
Sonic Foundry
920.226.0269
nicolew@sonicfoundry.com
Sonic Foundry (CE) (USOTC:SOFO)
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