Sonic Solutions (SNIC) reported third quarter net loss of $344 thousand or $0.01 per share, compared to a net loss of $111.12 million or $4.27 per share last year.
Non-GAAP net income was $830 thousand or $0.03 per share compared to a loss of $2.23 million or $0.09 per share last year.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.05 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenue decreased to $26.39 million from $26.53 million last year. Non-GAAP revenue for the quarter was $26.46 million, down from $26.53 million in the previous year. Analysts expected revenue of $25.12 million for the quarter.
For the fourth quarter, the Company anticipates revenues of at least $26 million. Analysts predict the company to report revenues of $26.57 million for the fourth quarter. The company estimates that gross margins for the fourth quarter will be slightly lower and operating expenses will be relatively flat on a sequential basis.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.