Jul. 31--For the second quarter in a row, Sonic Foundry reported a net loss of less than one cent per share.

The Madison technology company had a net loss of $162,000 on $5.0 million in revenue for the quarter that ended June 30, which is narrower than its net loss of $829,000, or 2 cents a share, on $5.1 million in revenue for the same period last year.

Cost-cutting helped Sonic Foundry achieve its results, the company said. That included a reduction in the cost of manufacturing its Mediasite equipment, used to send presentations over the Internet and archive them. As a result, gross margins rose to 78 percent from 74 percent a year ago.

Sonic Foundry chairman and chief executive Rimas Buinevicius said new product sales were hampered by the difficult economy and delays in distributing economic stimulus money for higher education.

"We are very proud of the company's year-to-date growth, margin expansion and expense control, all in an unprecedented economic climate," Buinevicius said. "We believe we have just gone through the worst portion of the recession and are beginning to re-emerge economically, with the technology sector leading the way."

Sonic Foundry shares closed at 63 cents Thursday, up 2 cents. The company said it received notice on July 14 that it will have until Dec. 21 to get its share price above $1 for at least 10 consecutive trading days or face delisting.

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