SeaChange
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SeaChange

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    • Media & EntertainmentTechnologyadvertisingapplication softwaretelevisionvideo technology

    SeaChange International is a multinational company that provides multi-screen video products and services that facilitate the aggregation, licensing, management, and distribution of video programs and television advertisements to cable system operators, telecommunications companies, mobile communications providers and media companies worldwide.

    The Company offers multi-screen television products, including Rave, an OTT platform; Adrenalin, a multi-screen television platform that enables service providers to manage, monetize, and deliver a seamless viewing experience to subscribers across televisions, personal computers, tablets, smartphones, and other IP-enabled devices; Nitro, subscriber experience software that gives service providers an interface that personalizes the multi-platform subscriber experience; and AssetFlow that is used to receive, manage, and publish content for on-demand viewing on televisions, tablets, PCs, and other consumer devices.

    The Company also provides television advertising products, such as Infusion Advanced Advertising Platform that enables service providers to maximize advertising revenue across multi-screen, linear, on-demand, and over-the-top viewing; AdPulse, on-demand advertising software enabling service providers to capitalize on video-on-demand television services with ad placements; and AdFlow that enables advertisements to be ready for insertion and handles advertisement file processing, verification, transcoding operations, and confirms play-out for revenue booking. In addition, it provides Nucleus, video gateway software, as well as professional services, installation, training, project management, product maintenance, technical support, and software development related services.

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    Revenue(FY, 2017)
    $83.8 M
    Market capitalization(2018-10-15)
    $60.8 M
    Subscribers(Apr, 2017)
    50 M
    TypePublic
    HQActon, US
    Founded1993
    Size (employees)496 (est)
    Websiteschange.com
    SeaChange was founded in 1993 and is headquartered in Acton, US
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    Key People/Management at SeaChange

    Ed Terino

    Ed Terino

    COO
    David McEvoy

    David McEvoy

    General Counsel
    Maria Duquette

    Maria Duquette

    SVP, Services & Support
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    SeaChange Office Locations

    SeaChange has offices in Singapore, Santa Monica, Acton, Istanbul and in 5 other locations
    Acton, US (HQ)
    50 Nagog Park
    Santa Monica, US
    2001 Wilshire Boulevard, Suite 330
    Bangalore, IN
    150 Old Airport Road Diamond District, Mateen Tower Kodihalli
    Dundalk, IE
    Vesta Building Finnabair Business Park
    EINDHOVEN, NL
    Flight Forum 3200 Building C
    Warszawa, PL
    8 aleja Jana Chrystiana Szucha
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    SeaChange Financials and Metrics

    SeaChange Revenue

    Embed Graph
    SeaChange's revenue was reported to be $83.80 m in FY, 2017 which is a 21.7% decrease from the previous period.
    USD

    Revenue (Q2, 2019)

    		11.9m

    Gross profit (Q2, 2019)

    		6.3m

    Gross profit margin (Q2, 2019), %

    		52.8%

    Net income (Q2, 2019)

    		(9.1m)

    EBIT (Q2, 2019)

    		(8.3m)

    Market capitalization (15-Oct-2018)

    		60.8m

    Closing stock price (15-Oct-2018)

    		1.7

    Cash (31-Jul-2018)

    		24.4m
    SeaChange's current market capitalization is $60.8 m.
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		146.3m115.4m107.0m83.8m

    Revenue growth, %

    		(21%)(7%)(22%)

    Cost of goods sold

    		67.1m58.3m60.2m41.6m

    Gross profit

    		79.2m57.1m46.8m42.2m
    Quarterly
    USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

    Revenue

    		37.8m24.3m29.8m30.0m23.2m27.9m28.7m21.6m18.5m20.0m16.7m17.2b23.4m14.9m11.9m

    Cost of goods sold

    		16.9m13.4m14.5m15.2m13.1m13.4m21.9m12.4m11.0m10.1m6.8m5.8b7.1m6.0m5.6m

    Gross profit

    		20.9m10.9m15.4m14.8m10.1m14.4m6.9m9.1m7.5m9.8m9.9m11.4b16.4m8.9m6.3m

    Gross profit Margin, %

    		55%45%52%49%44%52%24%42%40%49%59%66%70%60%53%
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    Annual
    usdY, 2010Y, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		37.6m73.1m80.6m106.7m115.7m90.0m58.7m28.3m

    Accounts Receivable

    		12.7m

    Inventories

    		6.6m3.0m3.8m2.4m

    Current Assets

    		169.1m136.0m102.8m69.4m
    Quarterly
    USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

    Cash

    		114.1m103.3m96.6m94.6m73.0m60.6m58.0m51.5m38.7m27.5m26.8m25.3m27.2m38.9m24.4m

    Inventories

    		7.3m6.3m4.9m4.1m2.9m3.3m2.0m1.7m1.5m998.0k597.0k635.0k850.0k745.0k776.0k

    Current Assets

    		165.2m155.1m145.5m139.2m109.9m107.5m103.8m94.9m74.0m69.4m59.6m60.5m67.9m63.8m49.9m

    PP&E

    		18.9m17.3m17.0m16.5m15.3m15.0m14.7m13.5m13.1m12.1m11.2m10.6m10.1m9.2m9.0m
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    Annual
    usdFY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    		(3.0m)(27.5m)(47.7m)(71.2m)

    Depreciation and Amortization

    		4.4m1.1m739.0k1.3m

    Inventories

    		(234.0k)3.2m(937.0k)806.0k

    Accounts Payable

    		(873.0k)(1.6m)874.0k(1.7m)
    Quarterly
    USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019Q2, 2019

    Net Income

    		(1.6m)(9.5m)(15.0m)(6.3m)(9.8m)(14.9m)(25.4m)(8.9m)(35.8m)(43.9m)(5.4m)(6.9m)(5.5m)(14.6m)

    Depreciation and Amortization

    		995.0k1.9m2.8m181.0k192.0k184.0k316.0k316.0k315.0k254.0k

    Inventories

    		(859.0k)244.0k1.2m1.9m(148.0k)(732.0k)(1.2m)(91.0k)19.0k338.0k154.0k57.0k(80.0k)(165.0k)

    Accounts Payable

    		(1.6m)771.0k(1.1m)(1.2m)119.0k1.9m718.0k(1.7m)(1.6m)(2.1m)(1.7m)(2.6m)(576.0k)371.0k
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    USDY, 2018

    Financial Leverage

    		1.2 x
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    SeaChange Operating Metrics

    SeaChange's Subscribers was reported to be 50 m in Apr, 2017.
    FY, 2014FY, 2015FY, 2016FY, 2017Apr, 2017

    Clients

    		200

    Patents Issued

    		30 31 31 24

    Subscribers

    		50 m
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    Competitors

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    SeaChange Online and Social Media Presence

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    SeaChange News and Updates

    October 10, 2018

    SeaChange International Named to Streaming Media’s Top 50 Companies Leading the Online Video Industry List

    The Top 50 List Will Be Published in The October 2018 Issue The Top 50 List Will Be Published in The October 2018 Issue
    August 21, 2018

    SeaChange's stock suffering record selloff after warning of wider loss, lower revenue

    Shares of SeaChange International Inc. plunged 44% toward a record low Tuesday, putting them on track for the biggest one-day selloff since they went public about 22 years ago, after the multi-screen video services company warned that it will report a wider-than-expected second-quarter loss and low…
    August 21, 2018

    SeaChange's stock plunges toward a record low after warning of wider loss, lower revenue

    Shares of SeaChange International Inc. plunged 40% toward a record low in premarket trade Tuesday, after the multi-screen video services company warned that it will report a wider-than-expected second-quarter loss and lower revenue, citing a number of deals that were delayed to the third quarter. T…
    August 21, 2018

    SeaChange International Reports Preliminary Second Quarter Fiscal 2019 Results

    ACTON, Mass., Aug. 21, 2018 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ: SEAC) today announced preliminary second quarter fiscal 2019 results for the quarter ended July 31, 2018.  For the period, on a preliminary basis, SeaChange expects revenue between $11.5 million and $12.5 millio…
    July 30, 2018

    Atlantic Broadband Deploys SeaChange Solutions for New IP VOD Service

    SeaChange collaborates with Concurrent Technology Inc. to provide Atlantic Broadband with comprehensive and scalable content delivery and storage solution that supports near-term objectives and long-term growth SeaChange collaborates with Concurrent Technology Inc. to provide Atlantic Broadband with…
    June 06, 2018

    SeaChange International, Inc. (SEAC) CEO Ed Terino on Q1 2019 Results - Earnings Call Transcript

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    SeaChange Company Life and Culture

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