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

SeaChange Revenue

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SeaChange's revenue was reported to be $80.27 m in FY, 2018
USD

Revenue (Q3, 2019)

18.6m

Gross profit (Q3, 2019)

11.3m

Gross profit margin (Q3, 2019), %

60.7%

Net income (Q3, 2019)

(3.8m)

EBIT (Q3, 2019)

(2.5m)

Market capitalization (12-Dec-2018)

48.6m

Closing stock price (12-Dec-2018)

1.4

Cash (31-Oct-2018)

21.6m
SeaChange's current market capitalization is $48.6 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

146.3m115.4m107.0m83.8m80.3m

Revenue growth, %

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

Cost of goods sold

67.1m58.3m60.2m41.6m26.3m

Gross profit

79.2m57.1m46.8m42.2m53.9m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

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

Cost of goods sold

16.9m13.4m14.5m15.2m13.1m13.4m21.9m12.4m11.0m10.1m6.8m5.8m7.1m6.0m5.6m7.3m

Gross profit

20.9m10.9m15.4m14.8m10.1m14.4m6.9m9.1m7.5m9.8m9.9m11.4m16.4m8.9m6.3m11.3m

Gross profit Margin, %

55%45%52%49%44%52%24%42%40%49%59%66%70%60%53%61%
Annual
usdY, 2010Y, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

37.6m73.1m80.6m106.7m115.7m90.0m58.7m28.3m43.7m

Accounts Receivable

12.7m

Inventories

6.6m3.0m3.8m2.4m666.0k

Current Assets

169.1m136.0m102.8m69.4m77.5m
Annual
usdFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(3.0m)(27.5m)(47.7m)(71.2m)13.5m

Depreciation and Amortization

4.4m1.1m739.0k1.3m

Inventories

(234.0k)3.2m(937.0k)806.0k34.0k

Accounts Payable

(873.0k)(1.6m)874.0k(1.7m)(2.5m)
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 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)(7.1m)(5.5m)(14.6m)(18.4m)

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(165.0k)(80.0k)(165.0k)(43.0k)

Accounts Payable

(1.6m)771.0k(1.1m)(1.2m)119.0k1.9m718.0k(1.7m)(1.6m)(2.1m)(1.7m)(2.6m)(3.2m)(576.0k)371.0k2.4m
USDY, 2018

Financial Leverage

1.3 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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SeaChange Online and Social Media Presence

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SeaChange News and Updates

SeaChange International Reports Third Quarter Fiscal 2019 Results

ACTON, Mass., Dec. 10, 2018 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ: SEAC) today reported third quarter fiscal 2019 revenue of $18.6 million and a U.S. GAAP loss from operations of $2.5 million, or $0.07 per basic share, compared to third quarter fiscal 2018 revenue of $23.4 mill…

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

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…

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…

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…

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…
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SeaChange Company Life and Culture

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SeaChange Frequently Asked Questions

  • When was SeaChange founded?

    SeaChange was founded in 1993.

  • Who are SeaChange key executives?

    SeaChange's key executives are Ed Terino, David McEvoy and Maria Duquette.

  • How many employees does SeaChange have?

    SeaChange has 496 employees.

  • What is SeaChange revenue?

    Latest SeaChange annual revenue is $80.3 m.

  • What is SeaChange revenue per employee?

    Latest SeaChange revenue per employee is $161.8 k.

  • Who are SeaChange competitors?

    Competitors of SeaChange include HOOQ, TF1 and Artifact Technologies.

  • Where is SeaChange headquarters?

    SeaChange headquarters is located at 50 Nagog Park, Acton.

  • Where are SeaChange offices?

    SeaChange has offices in Acton, Singapore, Santa Monica, Istanbul and in 5 other locations.

  • How many offices does SeaChange have?

    SeaChange has 9 offices.