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SeaChange Int'l (SEAC) Reports In-Line Q2 EPS; Issues Light Q3, FY17 Guidance

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SeaChange International Reports Second Quarter Fiscal 2017 Results

September 1, 2016 4:01 PM EDT

ACTON, Mass., Sept. 01, 2016 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ: SEAC) today reported second quarter fiscal 2017 revenue of $18.5 million and U.S. GAAP loss from operations of $11.7 million, or $0.33 per basic share, compared to second quarter fiscal 2016 revenue of $27.9 million and U.S. GAAP loss from operations of $4.8 million, or $0.14 per basic share. 

The Companys U.S. GAAP second quarter fiscal 2017 results included non-GAAP charges of $4.1 million, which consisted... More