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
Revenues:
United States	15.3	18.1	18.7	0.0	21.2	21.5	22.7	20.4
Asia	5.0	9.3	7.7	7.8	7.4	8.3	8.8	6.5
Europe and Middle East	6.3	6.7	7.2	5.7	4.5	4.7	4.8	7.6
Other	0.8	1.0	1.1	1.6	1.5	1.5	1.7	2.0
Other				19.7
Total revenues [+]	27.5	35.2	34.8	34.8	34.5	36.0	38.0	36.5
Products							16.2	15.9
Services							21.7	20.2
Other								0.4
Revenue growth [+]	-21.9%	1.2%	-0.1%	0.7%	-4.0%	-5.2%	4.2%	1.8%
United States	-15.5%	-3.2%	94991.5%	-99.9%	-1.5%	-5.3%	11.2%	-8.0%
Asia	-45.9%	20.4%	-1.4%	5.4%	-10.3%	-5.6%	34.4%	12.1%
Europe and Middle East	-5.8%	-7.1%	26.7%	27.6%	-5.0%	-2.5%	-36.2%	17.8%
Other	-23.7%	-4.6%	-30.8%	4.6%	-2.9%	-8.8%	-13.6%	39.8%
Cost of goods sold [+]	8.7	10.3	9.6	9.3	9.7	9.9	10.0	10.6
Cost of product sales							6.5	7.4
Cost of services							3.5	3.2
Gross profit	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%
Selling, general and administrative [+]	18.2	16.8	18.1	20.7	22.0	22.9	23.4	23.7
Sales 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
Research and development	7.5	7.2	6.3	7.4	7.1	7.2	6.8	6.3
Equity in earnings
EBITDA [+]	-5.6	2.1	1.6	-1.5	-2.5	-2.0	-0.1	-1.8
EBITDA growth	-371.4%	27.4%	-205.7%	-38.3%	25.7%	2690.1%	-96.1%	93.8%
EBITDA margin	-20.5%	5.9%	4.7%	-4.4%	-7.2%	-5.5%	-0.2%	-5.0%
Depreciation	1.3	1.2	0.7	0.7	1.4	1.4	1.6	1.6
EBITA	-6.9	0.9	1.0	-2.2	-3.9	-3.4	-1.6	-3.4
EBITA margin	-25.1%	2.4%	2.8%	-6.3%	-11.3%	-9.5%	-4.3%	-9.4%
Amortization of intangibles	0.0	0.0	0.2	0.3	0.3	0.6	0.7	0.7
EBIT [+]	-6.9	0.8	0.7	-2.5	-4.2	-4.0	-2.3	-4.1
EBIT growth	-957.9%	9.6%	-129.3%	-40.7%	6.9%	73.9%	-44.4%	55.6%
EBIT margin	-25.2%	2.3%	2.1%	-7.2%	-12.2%	-11.0%	-6.0%	-11.2%
Non-recurring items [+]					11.8	0.6
Asset impairment					11.8	0.6
Interest expense	0.0	0.0	0.7	0.9	0.6	0.5	0.6	0.4
Interest expense	0.0	0.0	0.7	0.9	0.6	0.5	0.6	0.4
Other income (expense), net [+]	-0.4	2.3	-0.1	-0.1	0.1	-0.1	-0.2	0.0
Gain (loss) on debt retirement		2.3
Other	-0.4	0.0	-0.1	-0.1	0.1	-0.1	-0.2	0.0
Pre-tax income	-7.3	3.1	0.0	-3.5	-16.5	-5.1	-3.0	-4.4
Income taxes	-0.2	0.0	0.1	0.1	-4.3	-0.1	0.3	0.1
Tax rate	3.2%	0.5%			26.3%	1.5%
Net income	-7.1	3.1	-0.2	-3.7	-12.4	-5.2	-3.3	-4.5
Net margin	-25.8%	8.7%	-0.5%	-10.7%	-36.0%	-14.5%	-8.7%	-12.4%

Basic EPS [+]	($0.72)	$0.37	($0.02)	($0.64)	($2.67)	($1.17)	($0.76)	($1.04)
Growth	-291.4%	-1607.2%	-96.1%	-76.0%	127.3%	55.3%	-27.6%	54.8%
Diluted EPS [+]	($0.72)	$0.36	($0.02)	($0.64)	($2.67)	($1.17)	($0.76)	($1.04)
Growth	-301.1%	-1534.0%	-96.1%	-76.0%	127.3%	55.3%	-27.6%	54.8%

Shares outstanding (basic) [+]	9.9	8.2	7.2	5.8	4.7	4.4	4.4	4.3
Growth	20.3%	14.1%	23.7%	25.3%	4.9%	1.1%	1.3%	3.8%
Shares outstanding (diluted) [+]	9.9	8.7	7.2	5.8	4.7	4.4	4.4	4.3
Growth	14.4%	19.9%	23.7%	25.3%	4.9%	1.1%	1.3%	3.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.