Sonic Foundry trimmed its losses by nearly half in the quarter that ended March 31.
The Madison company that streams and archives online video presentations reported a net loss of $711,000, or 16 cents a share, on revenue of $9.6 million for the second fiscal quarter compared with a net loss of $1.4 million, or 31 cents a share, on revenue of $8.1 million for the same period last year.
Sonic Foundry also said it had $12.6 million in unearned revenue as of the end of the three-month period — revenue that is expected but has not yet been paid.
The company said international billings made up more than half — 53 percent — of the company’s billings.
Cellectar revenue up
Cellectar Biosciences ended the first fiscal quarter with net income of $825,000, or 91 cents per fully diluted share, on $2.8 million in revenue compared with a net loss of $2.3 million, or $3.04 a diluted share, on $288,000 in revenue.
Both revenue figures, though, reflect a revaluation of warrants for the future purchase of stock.
As far as operations, Cellectar trimmed its costs to $2 million for the quarter that ended March 31, down from $2.6 million in the 2015 first quarter.
The Madison company, working on anti-cancer drugs, said it has enough cash to last into early 2017, but it will need to raise more to take its drugs through clinical trials.
Cellectar held a reverse split in March, giving stockholders one share for every 10 shares they held.