Sonic Reports First Quarter 2011 Financial Results

	Sonic Reports First Quarter 2011 Financial Results

Novato, California (August 4, 2010) - Sonic Solutions® (NASDAQ: SNIC) today reported financial results for its first quarter of fiscal year 2011 ended June 30, 2010. "Our first quarter financial results were ahead of our expectations and we generated positive Adjusted EBITDA of almost $1.6 million," said Dave Habiger, president and CEO of Sonic. "Much of the growth we experienced in the first quarter was from our RoxioNow premium content initiatives as we added major retail storefront partners and leading CE manufacturers that will broaden our platform for distributing movies and television shows through Internet-enabled devices."

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Posted: August 4, 2010 | By: Wissen Schwamm

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