SeaChange Int'l (SEAC) Reports In-Line Q1 EPS; Sees Q2 Loss vs. Expected Profit

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SeaChange International Reports First Quarter Fiscal 2017 Results

June 7, 2016 4:01 PM EDT

ACTON, Mass., June 07, 2016 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ: SEAC) today reported first quarter fiscal 2017 revenue of $21.6 million and U.S. GAAP loss from operations of $9.6 million, or $0.28 per basic share, compared to first quarter fiscal 2016 revenue of $23.2 million and U.S. GAAP operating loss of $9.5 million, or $0.28 per basic share.

The Companys U.S. GAAP first quarter fiscal 2017 results included non-GAAP charges of $2.8 million, which consisted... More