SeaChange

OverviewSuggest Edit

SeaChange 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.

TypePublic
Founded1993
HQActon, USMap
Websiteseachange.com
Employee Ratings3.1More
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Latest Updates

Employees (est.) (Jan 2019)246(-13%)
Revenue (FY, 2020)$67.2 M(+8%)
Share Price (May 2020)$1.8 (-27%)

Key People/Management at SeaChange

Yossi Aloni

Yossi Aloni

CEO & Director
Marek Kielczewski

Marek Kielczewski

CTO
Chad Hassler

Chad Hassler

CCO
Michael Prinn

Michael Prinn

CFO
Walid Hamri

Walid Hamri

CPO
Robert Pons

Robert Pons

Chairman of the Board
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SeaChange Office Locations

SeaChange has offices in Acton, Santa Monica, Bangalore, Dundalk and in 6 other locations
Acton, US (HQ)
50 Nagog Park
Santa Monica, US
2001 Wilshire Blvd #330
Bangalore, IN
150 Old Airport Road Diamond District, Mateen Tower Kodihalli
Dundalk, IE
Finnabair Industrial Estate, Haggardstown
EINDHOVEN, NL
Flight Forum 3200 Building C
Eindhoven, NL
Parmentierweg 8
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SeaChange Financials and Metrics

SeaChange Revenue

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SeaChange's revenue was reported to be $67.15 m in FY, 2020
USD

Revenue (FY, 2020)

67.2m

Gross profit (FY, 2020)

43.5m

Gross profit margin (FY, 2020), %

64.8%

Net income (FY, 2020)

(8.9m)

EBIT (FY, 2020)

(8.9m)

Market capitalization (22-May-2020)

65.9m

Closing stock price (22-May-2020)

1.8

Cash (31-Jan-2020)

9.0m

EV

61.2m
SeaChange's current market capitalization is $65.9 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

197.7m157.2m146.3m115.4m107.0m83.8m80.3m62.4m67.2m

Revenue growth, %

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

Cost of goods sold

99.7m75.3m67.1m58.3m60.2m41.6m26.3m25.1m23.7m

Gross profit

98.0m81.9m79.2m57.1m46.8m42.2m53.9m37.3m43.5m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

36.6m36.7m39.2m35.6m37.4m37.8m24.3m29.8m30.0m23.2m27.9m28.7m21.6m18.5m20.0m16.7m17.2m23.4m14.9m11.9m18.6m8.5m18.8m20.5m

Cost of goods sold

16.5m20.2m19.7m16.5m16.0m16.9m13.4m14.5m15.2m13.1m13.4m21.9m12.4m11.0m10.1m6.8m5.8m7.1m6.0m5.6m7.3m5.6m7.9m4.9m

Gross profit

20.2m16.5m19.5m19.1m21.4m20.9m10.9m15.4m14.8m10.1m14.4m6.9m9.1m7.5m9.8m9.9m11.4m16.4m8.9m6.3m11.3m2.9m10.9m15.7m

Gross profit Margin, %

55%45%50%54%57%55%45%52%49%44%52%24%42%40%49%59%66%70%60%53%61%34%58%76%
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Annual
usdY, 2010Y, 2011FY, 2012Y, 2012FY, 2013Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

37.6m73.1m80.6m80.6m106.7m106.7m115.7m90.0m58.7m28.3m43.7m20.3m9.0m

Accounts Receivable

49.1m40.1m12.7m22.5m19.3m12.1m

Prepaid Expenses

8.7m11.0m3.6m6.0m5.1m

Inventories

10.2m7.4m6.6m3.0m3.8m2.4m666.0k924.0k
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

82.7m92.6m85.1m109.2m113.4m114.1m103.3m96.6m94.6m73.0m60.6m58.0m51.5m38.7m27.5m26.8m25.3m27.2m38.9m24.4m21.6m14.7m9.2m5.6m

Accounts Receivable

30.3m42.1m45.8m34.3m34.3m29.6m25.6m26.5m22.9m17.0m25.8m23.9m21.5m13.1m25.0m15.2m22.7m28.4m11.8m11.8m12.7m9.9m11.0m14.0m

Prepaid Expenses

8.2m8.4m8.4m7.2m5.3m5.9m7.4m6.4m5.5m4.2m3.6m3.1m3.3m3.2m3.4m2.4m3.0m2.9m3.3m5.0m5.5m6.7m6.1m6.2m

Inventories

11.2m8.5m7.6m7.8m7.9m7.3m6.3m4.9m4.1m2.9m3.3m2.0m1.7m1.5m998.0k597.0k635.0k850.0k745.0k776.0k706.0k758.0k198.0k204.0k
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(4.0m)(17.3m)(3.0m)(27.5m)(47.7m)(71.2m)13.5m(38.0m)(8.9m)

Depreciation and Amortization

7.5m4.7m4.4m1.1m739.0k1.3m4.7m2.9m2.0m

Inventories

(1.2m)763.0k(234.0k)3.2m(937.0k)806.0k34.0k(260.0k)924.0k

Accounts Payable

(2.6m)(236.0k)(873.0k)(1.6m)874.0k(1.7m)(2.5m)2.2m(1.1m)
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(19.6m)(24.9m)(24.3m)(2.0m)(2.2m)(1.6m)(9.5m)(15.0m)(21.3m)(9.8m)(14.9m)(25.4m)(8.9m)(35.8m)(43.9m)(5.4m)(6.9m)(7.1m)(5.5m)(14.6m)(18.4m)(10.8m)(11.0m)(8.9m)

Depreciation and Amortization

1.4m2.3m3.3m1.2m2.3m6.8m2.8m4.8m6.9m2.0m4.0m6.1m1.6m3.2m4.8m1.2m2.4m3.6m787.0k1.6m2.3m550.0k1.1m1.6m

Inventories

(1.3m)(171.0k)664.0k(322.0k)(995.0k)(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)166.0k726.0k720.0k

Accounts Payable

(393.0k)(1.4m)(2.1m)(831.0k)(273.0k)(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(1.6m)1.4m(1.1m)
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USDY, 2020

EV/EBIT

-6.9 x

EV/CFO

-4.1 x

Financial Leverage

1.5 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

SeaChange's Trends

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SeaChange News and Updates

February 26, 2019

SeaChange Announces Leadership Changes

Edward Terino Resigns as CEO
December 10, 2018

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…
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…
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SeaChange Blogs

March 17, 2020

SeaChange International Sets Fourth Quarter and Fiscal Year 2020 Conference Call for Monday, April 6 at 5:00 p.m. ET

Waltham, Mass., March 16, 2020 – SeaChange International, Inc. (NASDAQ: SEAC), a leading provider of cloud and on-premise video delivery platforms worldwide, will hold a conference call on Monday, April 6, 2020 at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and fis…
March 17, 2020

SeaChange International’s Cloud-Based Video Platform Enables Content Providers to Quickly Launch Video Services Amid Uncertain Times

Waltham, Mass., March 16, 2020 – SeaChange International, Inc. (NASDAQ: SEAC), a leading provider of cloud and on-premise video delivery platforms worldwide, enables content providers to launch direct-to-consumer video services in a matter of days. As more consumers isolate themselves in the wake of…
March 10, 2020

SeaChange International Reports Third Quarter Fiscal 2020 Results

SeaChange InternationaL Reports Third Quarter Fiscal 2020 Results Revenue Increases by 10% as Framework Offering Continues to Gain Traction Management Reiterates Full Year Revenue and Operating Income Guidance ACTON, Mass. (December 4, 2019) – SeaChange International, Inc. (NASDAQ: SEAC) today repor…
December 06, 2019

Andina Link 2020

Date: 03/03/2020 - 03/05/2020 Location: Cartagena, Colombia Event Details: AndinaLink is the prestigious International Fair of telecommunications and convergent technologies, has positioned itself as the preferred place for negotiations and networking of the industry in Latin America; With the most…
December 06, 2019

NCTC Winter Educational 2020

Date: 02/16/2020 - 02/18/2020 Location: Las Vegas, Nevada Event Details: Join NCTC in Las Vegas, NV, for the 2020 Winter Educational Conference. The conference features two days of educational sessions, exhibits and networking. Learn what's new from top suppliers and NCTC Members. Visit us at Booth…
October 18, 2019

NexTV Brazil 2019

Date: 12/04/2019 - 12/4/2019 Location: Sao Paulo, Brazil Event Details: Nextv Series Brazil features panel discussions and one-on-one sessions with high-level executives to provide strategic insights into the latest TV, Telecom and OTT trends to enable you to identify new opportunities and stay ahe…
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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 Yossi Aloni, Marek Kielczewski and Chad Hassler.

  • How many employees does SeaChange have?

    SeaChange has 246 employees.

  • What is SeaChange revenue?

    Latest SeaChange annual revenue is $67.2 m.

  • What is SeaChange revenue per employee?

    Latest SeaChange revenue per employee is $273 k.

  • Who are SeaChange competitors?

    Competitors of SeaChange include Storybird, Anibrain and Program Productions.

  • Where is SeaChange headquarters?

    SeaChange headquarters is located at 50 Nagog Park, Acton.

  • Where are SeaChange offices?

    SeaChange has offices in Acton, Santa Monica, Bangalore, Dundalk and in 6 other locations.

  • How many offices does SeaChange have?

    SeaChange has 10 offices.