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Jul 31, 2022
SeaChange Q2 2023 Earnings Report
Reported financial and operational results with revenue up 12% y/y and 9% sequentially.
Key Takeaways
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.
Revenue grew year-over-year and sequentially to $7.3 million.
Generated positive non-GAAP operating income.
Onboarding additional StreamVid customers, three of which are set to launch by Fiscal 4Q 2023.
Closed deal with large network content owner to expand services and support live streaming of FIFA World Cup 2022.
Forward Guidance
The company is focused on streaming, digital advertising, and Connected TV.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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