SeaChange (SEAC) Financials

$105.4 M

Mkt cap, 23-May-2018

$83.8 M

Revenue FY, 2017
Revenue growth (FY, 2016 - FY, 2017), %(22%)
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
Cash, 31-Oct-201727.2 M

Revenue/Financials

Income Statement

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

Gross profit Margin, %

54%49%44%50%

R&D expense

39.7 m42.2 m33.7 m30.1 m

General and administrative expense

17.6 m16 m15.5 m16.2 m

Operating expense total

57.3 m58.2 m49.2 m46.3 m

EBIT

(1.6 m)(26.5 m)(48.2 m)(54.1 m)

EBIT margin, %

(1%)(23%)(45%)(65%)

Income tax expense

55 k(1.1 m)(1 m)14.6 m

Net Income

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

R&D expense

10.2 m10.9 m10.9 m9.9 m9.5 m8.4 m8.3 m8.7 m7.7 m7.3 m5.4 m6.4 b5.6 m

General and administrative expense

4.2 m4 m4 m3.8 m3.9 m3.9 m3.6 m4.1 m3.8 m3.7 m3.6 m3.1 b3.9 m

Operating expense total

20.4 m21 m20.6 m20.7 m19.6 m19.2 m18.7 m18.7 m19.1 m18.2 m15.3 m13.5 b15.4 m

Depreciation and amortization

255 k

EBIT

529 k(10.1 m)(5.2 m)(5.9 m)(9.5 m)(4.8 m)(11.8 m)(9.6 m)(11.7 m)(8.4 m)(5.5 m)(2.1 b)920 k

EBIT margin, %

1%(42%)(17%)(20%)(41%)(17%)(41%)(44%)(63%)(42%)(33%)(12%)4%

Pre tax profit

(5.1 m)(1.5 b)934 k

Income tax expense

(423 k)(234 k)167 k(348 k)147 k78 k(1.2 m)254 k14.6 m(420 k)269 k35 m1.2 m

Net Income

577 k(9.5 m)(5.6 m)(6.3 m)(9.8 m)(5 m)(10.6 m)(8.9 m)(26.9 m)(8.1 m)(5.4 m)(1.5 b)(220 k)

Balance Sheet

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

PP&E

18.5 m15.9 m14.1 m11.5 m

Goodwill

45.2 m41 m40.2 m

Total Assets

254.3 m212.4 m177.7 m116.1 m

Accounts Payable

6.6 m5.1 m6.1 m5 m

Current Liabilities

43.2 m35 m43 m27.4 m

Total Liabilities

46.5 m

Additional Paid-in Capital

221.9 m219.7 m228.2 m236.7 m

Total Equity

204.4 m171.1 m131 m69.5 m

Financial Leverage

1.2 x1.2 x1.4 x1.7 x

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

Goodwill

45.4 m45.6 m44.9 m43.4 m58.1 m57.6 m57.7 m41.3 m45.8 m45.7 m

Total Assets

254.1 m240.2 m229.9 m219.8 m209.7 m205.8 m200.7 m166.9 m150.4 m143.5 m103.7 m106.9 m111.9 m

Accounts Payable

6.6 m6.1 m4.9 m5.3 m5.2 m7 m6.1 m4.7 m5.2 m4.5 m3.1 m2.3 m1.6 m

Current Liabilities

41.3 m41.2 m37.9 m35.2 m38.6 m38.7 m42.9 m37.5 m28.4 m28.7 m19.7 m21.6 m27 m

Total Liabilities

48 m47.6 m44.7 m41.2 m45.1 m45.3 m47.7 m41 m47.9 m48.9 m38.7 m42.7 m47.3 m

Additional Paid-in Capital

221.4 m219 m217.8 m219 m223.4 m224.6 m227.5 m231.3 m235.1 m235.9 m237.6 m238.2 m239 m

Total Equity

206.1 m192.6 m185.2 m178.6 m164.7 m160.5 m153 m125.8 m102.5 m94.5 m65 m64.2 m64.6 m

Financial Leverage

1.2 x1.2 x1.2 x1.2 x1.3 x1.3 x1.3 x1.3 x1.5 x1.5 x1.6 x1.7 x1.7 x

Cash Flow

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

Accounts Receivable

5.4 m3.6 m(1.7 m)42 k

Inventories

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

Accounts Payable

(873 k)(1.6 m)874 k(1.7 m)

Cash From Operating Activities

9 m(25.7 m)(31.3 m)

Purchases of PP&E

(2.3 m)(1.9 m)(1.4 m)(683 k)

Interest Paid

4 k6 k6 k6 k

Income Taxes Paid

2.6 m671 k640 k178 k

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

Accounts Receivable

6.3 m4.9 m3.6 m6.6 m7.8 m(1.1 m)895 k5.4 m14 m2 m10.9 m4.4 m

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)

Purchases of PP&E

(1.8 m)(371 k)(686 k)(1.5 m)(282 k)(795 k)(1.1 m)(159 k)(403 k)(521 k)(196 k)(274 k)

Interest Paid

2 k2 k

Income Taxes Paid

933 k248 k540 k648 k183 k364 k495 k43 k83 k120 k136 k183 k

Ratios

USDY, 2017

Revenue/Employee

156 k

Financial Leverage

1.7 x
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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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