SeaChange Earnings Reports

SeaChange International, Inc. reported a 16% year-over-year increase in total revenue to $8.3 million for fiscal Q3 2023. Gross margin expanded to 62% from 52% in the same period last year, and the company generated positive non-GAAP net income for the second consecutive quarter.

SeaChange International reported fiscal second quarter 2023 results, featuring a 12% year-over-year increase in revenue to $7.3 million and a gross margin of 65%. The company generated positive non-GAAP operating income and is focused on streaming, digital advertising, and Connected TV.

SeaChange International, Inc. reported financial and operational results for the fiscal fourth quarter and full-year ended January 31, 2022. Total revenue was $8.6 million, an increase of 20% compared to the third quarter of fiscal 2022 and an increase of 67% compared to the fourth quarter of fiscal 2021. Non-GAAP income from operations totaled $1.2 million, or $0.02 per fully diluted share.

SeaChange International, Inc. reported financial and operational results for the fiscal third quarter ended October 31, 2021. The company's total revenue was $7.2 million, compared to $6.5 million in the second quarter of fiscal 2022. GAAP net loss totaled $2.1 million, or $(0.04) per basic share, a decrease from GAAP net income of $0.2 million, or $0.00 per fully diluted share, in the second quarter of fiscal 2022. The company ended the quarter with cash and cash equivalents of $17.6 million and no debt.

SeaChange International, Inc. reported a 29% sequential increase in revenue and a gross margin expansion to 63% for the fiscal second quarter ended July 31, 2021. The company's growth strategy, focused on video streaming and Ad Tech markets, is gaining traction, with increasing financial momentum driven by key sales initiatives.

SeaChange International reported an increase in total revenue to $5.1 million compared to $5.0 million in the previous quarter, and a GAAP net loss of $4.4 million, an improvement from a net loss of $5.1 million in the third quarter of fiscal 2021. The company's operating expenses decreased by 54% year-over-year due to efficiency measures, and the balance sheet was bolstered with over $22 million in cash.

SeaChange International reported total revenue of $5.0 million for the fiscal third quarter ended October 31, 2020, consistent with the prior quarter but significantly lower than the $20.5 million reported in the same period last year. The company experienced a GAAP net loss of $5.1 million, or $(0.14) per basic share, compared to a net income of $2.1 million, or $0.06 per fully diluted share, in the same period last year.

SeaChange International reported a decrease in revenue for the fiscal second quarter of 2021, impacted by COVID-19. However, cost-optimization measures led to a reduction in operating expenses, and the company is seeing increased customer engagement and expects revenue growth in the second half of the fiscal year.