Brief: Sonic Foundry Q4 Loss Per Share $2.14

Sonic Foundry

20/12/2018 23:31

Dec 20 (Reuters) - Sonic Foundry Inc  SOFO.O :
    * SONIC FOUNDRY ANNOUNCES PRELIMINARY FOURTH QUARTER 2018
FINANCIAL RESULTS AND OPERATIONAL CHANGES IN FISCAL 2019
    * Q4 REVENUE $8.5 MILLION VERSUS $8.3 MILLION
    * Q4 LOSS PER SHARE $2.14
    * WILL PROACTIVELY TRANSFER ITS SHARES FROM NASDAQ TO OTCQB
MARKET
    * HAS NOTIFIED NASDAQ OF ITS INTENTION TO VOLUNTARILY
TRANSFER
MARKETS
    * INTENDS TO STOP TRADING ON NASDAQ AT CLOSE OF BUSINESS ON
DECEMBER 28 AND BEGIN TRADING ON OTCQB ON DECEMBER 31, 2018
    * BOARD OF DIRECTORS ALSO FORMED A SPECIAL COMMITTEE OF
INDEPENDENT AND DISINTERESTED DIRECTORS TO EXPLORE ADDING NEW
CAPITAL

Source text for Eikon:  ID:nGNX6bH7lj 
Further company coverage:  SOFO.O 

 ((Reuters.Briefs@thomsonreuters.com;))