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.

Type
Public
HQ
Acton, US
Founded
1993
Size (employees)
496 (est)
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

SeaChange Office Locations

SeaChange has an office in Istanbul, Ankara, Diliman Quezon City, Dundalk and in 8 other locations
Acton, US (HQ)
50 Nagog Park
Fort Washington, US
1075 Virginia Drive Suite 300
Milpitas, US
890 Hillview Court Suite 300
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
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SeaChange Financials and Metrics

SeaChange Financials

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 (FY, 2017)

83.8 m

Revenue growth (FY, 2016 - FY, 2017), %

(21.7%)

Gross profit (FY, 2017)

42.2 m

Gross profit margin (FY, 2017), %

50.3%

Net income (FY, 2017)

(71.2 m)

EBIT (FY, 2017)

(54.1 m)

Market capitalization (5-Feb-2018)

114.6 m

Cash (3-Feb-2018)

27.2 m
SeaChange's current market capitalization is $114.6 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

146.3 m115.4 m107 m83.8 m

Revenue growth, %

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

Cost of goods sold

67.1 m58.3 m60.2 m41.6 m

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

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

Accounts Receivable

12.7 m

Inventories

6.6 m3 m3.8 m2.4 m

Current Assets

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

Cash

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

Inventories

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

Current Assets

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

PP&E

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

Net Income

(3 m)(27.5 m)(47.7 m)(71.2 m)

Depreciation and Amortization

4.4 m1.1 m739 k1.3 m

Inventories

(234 k)3.2 m(937 k)806 k

Accounts Payable

(873 k)(1.6 m)874 k(1.7 m)
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

(1.6 m)(9.5 m)(15 m)(6.3 m)(9.8 m)(14.9 m)(25.4 m)(8.9 m)(35.8 m)(43.9 m)(5.4 m)(6.9 m)

Depreciation and Amortization

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

Inventories

(859 k)244 k1.2 m1.9 m(148 k)(732 k)(1.2 m)(91 k)19 k338 k154 k57 k

Accounts Payable

(1.6 m)771 k(1.1 m)(1.2 m)119 k1.9 m718 k(1.7 m)(1.6 m)(2.1 m)(1.7 m)(2.6 m)
USDY, 2017

Revenue/Employee

152.2 k

Financial Leverage

1.7 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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