SeaChange sees wider net loss though results beat expectations [Seeking Alpha]
SeaChange International, Inc. (SEAC)
Last seachange international, inc. earnings: 4/6 04:05 pm
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Source: Seeking Alpha
SeaChange sees wider net loss though results beat expectationsSeaChange International (NASDAQ:SEAC) narrowed its headline operating loss in itsQ1 earnings report, despite a double-digit decline in revenues, but saw a slightly bigger net loss.GAAP loss from operations trimmed to $5.1M from a year-ago loss of $5.5M. Non-GAAP loss from operations was $3.8M, up from a loss of $1.7M.The year-ago Q1 included non-GAAP charges of $3.8M, mainly from severance and restructuring costs.Net loss widened to $5.47M from a year-ago loss of $5.37M."Our partner program, focused on both channel and technology partners, is generating increased opportunities, as we strengthen our pipeline in new market segments and geographies," says CEO Ed Terino. "As a result, we are seeing greater revenue potential in Latin and South America, and Asia Pacific.”Revenue breakout: Products, $3.09M (up 12.4%); Services, $11.84M (down 14.9%).It's guiding to Q2 revenue of $17M-$19M and non-GAAP operating loss of $0.04 to $0.
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- SeaChange International, Inc. (NASDAQ: SEAC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SeaChange Announces an Amended Purchase Agreement with Partner One Along with an Increased Purchase Price as Go-Shop Period Ends [Yahoo! Finance]Yahoo! Finance
- SeaChange Announces an Amended Purchase Agreement with Partner One Along with an Increased Purchase Price as Go-Shop Period EndsGlobeNewswire
- SeaChange International, Inc. (NASDAQ: SEAC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SeaChange International, Inc. (NASDAQ: SEAC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat