MARKET COMPOSITE
SEAC - Seachange International Inc.
Price
$0.00
+ 0.00 (0.00%)
SeaChange International is a global, public supplier of video delivery software. SeaChange's "Framework" includes video processing, back-office, media asset management, dynamic advertisement insertion , analytics and a user interface. The software supports linear channels, video on demand and time shift television , over managed and unmanaged networks. Customer base includes broadcasters, content owners and service providers. SeaChange was founded in January 1993 by Bill Styslinger. In 1996, the company became listed at NASDAQ. In April 2005, SeaChange bought the international assets of Liberate Technologies. In September 2005, SeaChange acquired UK-based On-Demand Group . In November 2008, SeaChange acquired Mobix Interactive, also from the UK. In September 2009, SeaChange bought eventIS, based in the Netherlands. In January 2010, SeaChange acquired Silicon Valley start-up VividLogic. In June 2012, SeaChange obtained the assets of Flashlight Engineering and Consulting. As part of a strategy to become a "pure-play software provider” SeaChange did two divestitures: In May 2012, it sold ODG to Avail-TVN and its server hardware business spun out to XOR Media that same month. In 2014 SeaChange acquired Timeline Labs, a start-up that makes tools for broadcasters and video service providers for audience measurement via social media. SeaChange appointed Ed Terino as their new CEO in 2016, who stepped down on the 24 of February 2019 amid a conflict with the largest shareholder. On the 29th of August 2019, Yossi Aloni was appointed as CEO.
Financials
Quarterly financials
(USD)Apr 2023Q/Q
Revenue7MM-31%
Gross Profit4.2MM-44%
Cost Of Revenue2.8MM+3%
Operating Income-806K-165%
Operating Expenses5MM-19%
Net Income-714K-141%
R&D1.8MM-22%
G&A2.1MM-18%
Marketing907K-24%
Amortization--
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Stock news

    BOSTON, April 18, 2024 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (OTC: SEAC) (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, has entered into a second omnibus amendment (such amendment, “Amendment No. 2”) to the asset purchase agreement and software purchase agreement (the “Original Purchase Agreements”) previously announced on March 11, 2024, as amended by the

    BOSTON, April 10, 2024 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (OTC: SEAC) (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, has entered into an omnibus amendment (such amendment, the “Amendment to the Purchase Agreements”) to the previously announced asset purchase agreement and software purchase agreement (the “Original Purchase Agreements”) with affiliates o

    BOSTON, March 11, 2024 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (OTC: SEAC) (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, has entered into an asset purchase agreement (the “Purchase Agreement”) under which an affiliate of Partner One, one of the fastest-growing software conglomerates in the world, will acquire substantially all of SeaChange’s assets related

    Board of Directors Authorizes Up To $2.25 Million Stock Repurchase ProgramBOSTON, Nov. 20, 2023 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (OTCPK: SEAC) (the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) products, has presented estimated and unaudited preliminary financial results for the three and nine months ended October 31, 2023. Preliminary Fiscal Third Quarter 2024 Financial Highlights

    BOSTON, Nov. 14, 2023 (GLOBE NEWSWIRE) -- SeaChange International, a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) products, and Univer Video, the streaming service of the Universal Church of the Kingdom of God, today announced the relaunch of Univer’s global streaming service with SeaChange’s streaming enablement platform, StreamVid. The relaunched service will leverage StreamVid’s flexible support for multiple

    BOSTON, Oct. 31, 2023 (GLOBE NEWSWIRE) -- SeaChange International, a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) products, along with FOX Sports Mexico, a leading multiplatform brand broadcasting Paid TV channels FOX Sports, FOX Sports 2, FOX Sports 3, and FOX Sports Premium, and Dolby Laboratories, a leader in immersive entertainment experiences, are showcasing the future of live sports in Dolby Vision® and Do

    Chris Klimmer Chris Klimmer Klimmer is set to lead SeaChange’s evolution into video tech powerhouse First initiatives include the extension of SeaChange’s product portfolio with AI and Web 3.0 use cases BOSTON, Sept. 27, 2023 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, today announced the promotion of Chris Klimmer

    BOSTON, Aug. 16, 2023 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ: SEAC), (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, today announced that its Board of Directors (the “Board”) adopted a Tax Benefits Preservation Plan, dated August 16, 2023 (the “Plan”), by and between the Company and Computershare Trust Company, N.A., as rights agent, that is intended

    BOSTON, Aug. 08, 2023 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ: SEAC), (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, today announced its voluntary decision to deregister its common stock (the “Common Stock”) with the U.S. Securities and Exchange Commission (the “SEC”) and delist its Common Stock from The Nasdaq Stock Market LLC (“Nasdaq”). The Compan

    Total first quarter revenue of $7.0 million, up 4% year-over-year, driven by a 40% increase in recurring service revenueAchieved significant margin expansion and cost controls, reducing net income losses year-over-year to $0.7 million from $3.0 millionAdjusted EBITDA approaches breakeven at a loss of $0.2 million in the first quarter, providing an expected profitable outlook for fiscal 2024Bolstered further recurring revenue streams by securing two major customer renewals in the first quarter BO