OverviewSuggest Edit

SeaChange International is a company that delivers multiscreen, advertising, and video management solutions. It provides a software delivery platform for linear, VOD (video on demand), and time shift TV over managed and unmanaged networks and include the following modules: video back-office, media asset management, targeted advertising management, analytics, and the client interface for set-top boxes, smart-TVs, and mobile devices. The company caters to telecommunications companies, satellite operators, broadcasters, and other content providers.
TypePublic
Founded1993
HQBoston, MA, US
Websiteseachange.com
Employee Ratings2.8

Latest Updates

Employees (est.) (Jan 2022)104(-32%)
Job Openings2
Revenue (FY, 2022)$27.3 M(+25%)
Share Price (May 2022)$0.8(-3%)
Cybersecurity ratingBMore
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Key People/Management at SeaChange

Peter D. Aquino

Peter D. Aquino

President & Chief Executive Officer, Director
Michael Prinn

Michael Prinn

Chief Financial Officer
Christoph Klimmer

Christoph Klimmer

Senior Vice President & Chief Revenue Officer
Drumeel Thakkar

Drumeel Thakkar

Senior Vice President & Chief Service Officer
Pawel Luszczek

Pawel Luszczek

Senior Vice President & Chief Technology Officer
Elaine Martel

Elaine Martel

Vice President, General Counsel, and Secretary
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SeaChange Office Locations

SeaChange has offices in Boston, and Warszawa
Boston, MA, US (HQ)
177 Huntington Ave Ste 1703
Warszawa, PL
Kazimierza Brokla 2
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SeaChange Financials and Metrics

SeaChange Revenue

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SeaChange's revenue was reported to be $27.31 m in FY, 2022 which is a 24.1% increase from the previous period.
USD

Revenue (FY, 2022)

27.3m

Revenue growth (FY, 2021 - FY, 2022), %

24.1%

Gross profit (FY, 2022)

16.4m

Gross profit margin (FY, 2022), %

59.9%

Net income (FY, 2022)

(7.4m)

EBIT (FY, 2022)

(9.4m)

Market capitalization (23-May-2022)

36.6m

Closing stock price (23-May-2022)

0.8

Cash (31-Jan-2022)

17.5m

EV

20.4m
SeaChange's current market capitalization is $36.6 m.
Annual
USDFY, 2020FY, 2021FY, 2022

Revenue

67.2m22.0m27.3m

Revenue growth, %

8%(67%)24%

Cost of goods sold

23.7m12.1m11.0m

Gross profit

43.5m9.9m16.4m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Revenue

8.5m18.8m20.5m6.9m5.0m5.0m5.1m6.5m7.2m

Cost of goods sold

5.6m7.9m4.9m4.4m3.2m2.2m2.2m2.4m3.4m

Gross profit

2.9m10.9m15.7m2.5m1.8m2.8m2.8m4.1m3.7m

Gross profit Margin, %

34%58%76%36%36%56%56%63%52%
Annual
USDFY, 2020FY, 2021FY, 2022

Cash

9.3m5.9m17.5m

Accounts Receivable

12.1m6.1m8.8m

Prepaid Expenses

5.1m4.4m2.3m

Current Assets

44.7m25.9m37.8m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Cash

14.7m9.2m5.9m6.4m7.7m5.1m21.3m18.9m17.6m

Accounts Receivable

9.9m11.0m14.0m9.3m6.0m5.3m6.2m5.6m5.4m

Prepaid Expenses

6.7m6.1m6.2m5.8m4.9m4.8m4.4m4.2m2.6m

Inventories

758.0k198.0k204.0k
Annual
USDFY, 2020FY, 2021FY, 2022

Net Income

(8.9m)(21.8m)(7.4m)

Depreciation and Amortization

2.0m1.7m1.4m

Inventories

924.0k

Accounts Payable

(1.1m)(2.2m)1.2m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Net Income

(10.8m)(11.0m)(8.9m)(6.5m)(12.3m)(17.4m)(4.0m)(3.8m)(5.9m)

Depreciation and Amortization

550.0k1.1m1.6m357.0k725.0k1.1m376.0k732.0k1.1m

Inventories

166.0k726.0k720.0k

Accounts Payable

(1.6m)1.4m(1.1m)417.0k(1.3m)(1.2m)34.0k(527.0k)(93.0k)
USDQ1, 2020

EV/EBIT

-4.1 x

EV/CFO

-13.1 x

Financial Leverage

1.5 x

P/E Ratio

(4.4)
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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

30313124

Subscribers

50 m
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SeaChange Acquisitions / Subsidiaries

Company NameDateDeal Size
XstreamFebruary 11, 2019$5.5 m
DCC LabsMay 12, 2016$8 m
Timeline Labs / TLLDecember 22, 2014$22 m
Vivid LogicJanuary 07, 2010
eventIS GroupSeptember 01, 2009$38.3 m
On Demand Group Ltd.September 27, 2005$13.4 m
Liberty Technolgies - International AssetsApril 25, 2005$25.5 m
Cambio Maritimo Mexico, S. de R.L de C.V.
SEAC Canada Limited
S.E.A.C. Germany GmbH
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SeaChange Revenue Breakdown

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SeaChange revenue breakdown by business segment: 52.3% from Service and 47.7% from Product

SeaChange revenue breakdown by geographic segment: 23.9% from Europe and Middle East, 7.9% from Latin America, 65.1% from North America and 3.1% from Other

SeaChange Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

SeaChange Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

30-39

out of 100

CSRHub logo

SeaChange Online and Social Media Presence

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SeaChange News and Updates

SeaChange returns to NAB to showcase latest innovations in video monetization products, including FAST channel playout solutions and contextualized advertising

Highlights include the launch of a new product line, Xstream, SeaChange’s cloud-native FAST channel creation and monetization service, designed to optimize content yield for video streaming on Connected TVs Updates of existing products bring additional intelligence to Advanced Advertising Services w…

SeaChange Reports Fourth Quarter and Fiscal Year 2022 Financial and Operational Results

-  Continued Operating Momentum, with Fiscal Q4 2022 Total Revenue up 20% from Fiscal Q3 2022 and up 67% Year-over-Year-  Signed major renewal with Tier 1 Operator in Q4 2022

VIDAA and SeaChange Partner to Transform the Monetization of Addressable TV Advertising on Connected TVs

Joint solution will enable FAST channel playout, AVOD streaming and delivery to mobile devices Joint solution will enable FAST channel playout, AVOD streaming and delivery to mobile devices

Today on 2.22.22 SeaChange and Triller Jointly Announce Filing of a Registration Statement on S-4 in Connection with their Proposed Business Combination

On the auspicious day of "Twosday" SeaChange International, Inc. (“SeaChange”) (NASDAQ: SEAC) has filed with the U.S. Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 (the “Registration Statement”), which contains a preliminary proxy statement/prospectus, in connection…

SHAREHOLDER ALERT: WeissLaw LLP Investigates SeaChange International, Inc.

NEW YORK, Dec. 22, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of SeaChange International, Inc. ("SeaChange" or the "Company") (NASDAQ: SEAC) in connection with the proposed merger of the...

TikTok rival Triller to go public via merger with SeaChange International

Short video app Triller is set to go public via a reverse merger with video-tech company SeaChange International, the two companies announced on Wednesday. The combined entity will be valued at approximately $5 billion. The boards of both companies have approved the proposed merger and the deal is e…
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SeaChange Blogs

"Triller's Twosday" - Today on 2.22.22 SeaChange and Triller Jointly Announce Filing of a Registration Statement on S-4 in Connection with their Proposed Business Combination

LOS ANGELES and BOSTON, Feb. 22, 2022 (GLOBE NEWSWIRE) -- On the auspicious day of "Twosday" SeaChange International, Inc. (“SeaChange”) (NASDAQ: SEAC) has filed with the U.S. Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 (the “Registration Statement”), which cont…

SeaChange Reports Fiscal Third Quarter 2022 Financial and Operational Results

Continued Operating Momentum, with Revenues Up 9% Sequentially and 44% Year-over-Year Signed Multi-Million-Dollar Contract Renewal with Major U.S. Multiple-System-Operator Re-alignment in Progress, with Continued Execution on Core Competencies in Video & Advertising, Shifting More Resource…

SeaChange Powers Streaming and Advanced Adtech Platform for Chicken Soup for the Soul Entertainment's Popcornflix App

-New Popcornflix experience now available on iOS, Android, Apple TV and the Web -Enhanced app features, new search functionality and a modern navigation scheme -Adtech platform provides increased AVOD revenue opportunities with smart campaign management -Built-in capabilities make it easy to launch …

SeaChange to Present at the 10th Annual Gateway Conference on September 9, 2021

WALTHAM, MA / ACCESSWIRE / September 2, 2021 / SeaChange International, Inc. (NASDAQ:SEAC), a leading provider of video delivery platforms, has been invited to present at the 10th Annual Gateway Conference, which is being held virtually on September 8-9, 2021. SeaChange management is scheduled to pr…

/C O R R E C T I O N -- SeaChange International, Inc./

In the news release, Screen iL Selects SeaChange as Technology Partner to Launch Streaming Platform featuring Israeli TV and Film Content for Israeli Ex-Pats and Consumers Worldwide, issued 02-Aug-2021 by SeaChange International, Inc. over PR Newswire, we are advised by the company that the releas…

SeaChange International Introduces StreamVid Cloud-Based OTT Platform to Help Operators and Content Owners Manage and Optimize their Streaming Businesses

New Brand and Website Launched for End-to-End Managed SaaS Platform Which Enables Providers to Expand their Direct Consumer Offering with a Premium Streaming Service; Integration with Proprietary Advertising Tech Facilitates Incremental and New Ad Revenues BOSTON, July 7, 2021 /PRNewswire/ -- Sea…
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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 Peter D. Aquino, Michael Prinn and Christoph Klimmer.

  • How many employees does SeaChange have?

    SeaChange has 104 employees.

  • What is SeaChange revenue?

    Latest SeaChange annual revenue is $27.3 m.

  • What is SeaChange revenue per employee?

    Latest SeaChange revenue per employee is $262.6 k.

  • Who are SeaChange competitors?

    Competitors of SeaChange include TiVo, Kaltura and Synamedia.

  • Where is SeaChange headquarters?

    SeaChange headquarters is located at 177 Huntington Ave Ste 1703, Boston.

  • Where are SeaChange offices?

    SeaChange has offices in Boston, and Warszawa.

  • How many offices does SeaChange have?

    SeaChange has 3 offices.