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Stock impact report

SeaChange -8.1% as quarterly report provides dim guidance [Seeking Alpha]

SeaChange International, Inc. (SEAC) 
Last seachange international, inc. earnings: 4/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.schange.com
Company Research Source: Seeking Alpha
SeaChange -8.1% as quarterly report provides dim guidanceSeaChange (NASDAQ:SEAC) is8.1% lower after hours after itsQ4 earnings beat slightly but contained downbeat guidance for the current quarter.Revenues dipped overall as services lagged product sales.The Q4 results included non-GAAP charges of $2.1M, with severance and restructuring costs making up $1.1M of that. The prior year's quarter had $22.3M of non-GAAP charges."The fourth quarter marks our second consecutive quarter of operating profitability, evidence that our initiatives to reduce costs and return the Company to profitability and positive cash flow have taken hold," says CFO Peter Faubert.Revenue breakout: Products, $9.88M (up 27.9%); Services, $13.1M (down 18.8%).It's guiding to Q1 revenue of $13M-$15M, light of consensus for $18.6M, with a non-GAAP loss of $0.15 to $0.11 per share (below expectations for a loss of $0.01/share).For the full year, it sees revenue of $80M-$90M (vs. consensus for $83.8M) and non-GAAP operat Show less Read more
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