SONIC FOUNDRY INC (SOFO) [Rocket]

In millions, except per share items	Sep-30-22	Sep-30-21	Sep-30-20	Sep-30-19	Sep-30-18	Sep-30-17	Sep-30-16	Sep-30-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenue:
Revenue	27.5	35.2	34.8	34.8	34.5	36.0	38.0	36.5
Revenue growth	-21.9%	1.2%	-0.1%	0.7%	-4.0%	-5.2%	4.2%	1.8%
Cost of revenue:
Cost of revenue	8.7	10.3	9.6	9.3	9.7	9.9
Gross margin	18.8	24.9	25.1	25.5	24.9	26.1	28.0	25.8
Gross margin	68.5%	70.7%	72.3%	73.3%	72.0%	72.6%	73.7%	70.8%

Operating expenses:
Selling and marketing	12.3	12.0	13.0	14.7	15.6	16.9	17.8	18.0
General and administrative	5.9	4.9	5.1	5.9	6.4	5.9	5.6	5.6
Product development	7.5	7.2	6.3	7.4	7.1	7.2	6.8	6.3
Total operating expenses	25.7	24.1	24.4	28.0	40.9	30.7	30.3	29.9
Loss from operations	-6.9	0.8	0.7	-2.5	-16.0	-4.6	-2.3	-4.1
Operating margin	-25.2%	2.3%	2.1%	-7.2%	-46.4%	-12.7%	-6.0%	-11.2%

Non-operating income (expenses):
Interest expense, net	0.0	0.0	-0.7	-0.9	-0.6	-0.5	-0.6	-0.4
Other income (expense), net	-0.4	0.0	-0.1	-0.1	0.1	-0.1	-0.2	0.0
Total non-operating income (expense)	-0.4	2.3	-0.8	-1.0	-0.5	-0.6	-0.8	-0.3
Loss before income taxes	-7.3	3.1	0.0
Income tax benefit (expense)	0.2	0.0	-0.1	-0.1	4.3	0.1	-0.3	-0.1
Net loss	-7.1	3.1	-0.2	-3.6	-12.2	-5.0	-3.3	-4.5

Loss per common share
– basic (in dollars per share)	($0.72)	$0.37	($0.02)	($0.64)	($2.67)	($1.17)	($0.76)	($1.04)
– diluted (in dollars per share)	($0.72)	$0.36	($0.02)	($0.64)	($2.67)	($1.17)	($0.76)	($1.04)

Weighted average common shares
– basic (in shares)	9.9	8.2	7.2	5.8	4.7	4.4	4.4	4.3
– diluted (in shares)	9.9	8.7	7.2	5.8	4.7	4.4	4.4	4.3