SeaChange Int'l (SEAC) Tops Q4 EPS by 5c

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Go back to SeaChange Int'l (SEAC) Tops Q4 EPS by 5c

SeaChange Reports Fiscal Q4 and Full Year 2023 Financial and Operational Results

April 5, 2023 4:31 PM EDT

Quarterly revenue increased 23% sequentially and 19% year-over-year to $10.2 million, representing the highest quarterly level in three yearsQuarterly gross margin expanded to 73%, also marking highest level in three yearsGenerated $1.7 million in GAAP net income and $1.7 million in adjusted earnings before interest taxes depreciation and amortization Adjusted EBITDA for fiscal fourth quarter 2023Total revenue for fiscal 2023 increased 19% year-over-year to $32.5 million, primarily driven by software development projects related to streaming and ConnectedTV license sales

BOSTON, April 05, 2023 (GLOBE NEWSWIRE) --... More