NASDAQ$SEAC
SeaChange International Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
SeaChange reported fiscal second quarter 2022 financial results, demonstrating sequential revenue growth and gross margin expansion.
SeaChange International, Inc. reported a 29% sequential increase in revenue and a gross margin expansion to 63% for the fiscal second quarter ended July 31, 2021. The company's growth strategy, focused on video streaming and Ad Tech markets, is gaining traction, with increasing financial momentum driven by key sales initiatives.
- Introduced StreamVid, a cloud-based OTT platform to help operators and content owners manage and optimize their streaming businesses.
- Selected by Screen iL to launch streaming platform featuring Israeli TV and film content for Israeli ex-pats and consumers worldwide.
- Chosen by Chicken Soup for the Soul Entertainment (NASDAQ: CSSE) as its streaming and advanced advertising platform for new Popcornflix App.
- Maintained a strong balance sheet with $18.9 million in cash and cash equivalents and no debt.
Headline financials
Revenue & EPS history
SeaChange · Revenue · Quarterly
$6.54M
Revenue by segment
SeaChange · $8.57M total across 2 segments · Q4 2022
- Product$5.18M+271.1%60.5%
- Service$3.39M-9.1%39.5%
Forward guidance
SeaChange has entered the third quarter with significant momentum and a robust pipeline of sales opportunities and believes it is just starting to scratch the surface of streaming and Ad Tech opportunities, expecting continued execution on its strategic plan to drive scale, capture market share, and create even greater value for both its customers and shareholders.
Tailwinds
- Enhanced product positioning
- Recent customer wins
- Technology assets and expertise to provide cable operators and streaming content owners globally with advanced advertising technology
- Turn-key managed services streaming enablement platform
- Unlock additional revenue streams, maximize the ROI of user and content acquisition costs and streamline operational costs while enhancing operational efficiencies
Headwinds
- Impact of COVID-19 on business and the economies in which we operate
- Continued spending by the Company's customers on video solutions and services and expenses we may incur in fulfilling customer arrangements
- The manner in which the multiscreen video and over-the-top markets develop
- The Company's ability to compete in the software marketplace
- The loss of or reduction in demand, or the return of product, by one of the Company's large customers or the failure of revenue acceptance criteria in a given fiscal quarter
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-0.1%
Avg return
Earnings day
-1.3%
Avg return
5 days after
-3.8%
Avg return
30 days after
40%
21 / 53 earnings
Positive
+35.8%
Q2 2020
Best reaction
-21.6%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2024 | +11.1% | +11.1% | +28.3% | |
| Q1 2024 | +0.0% | -6.7% | -7.0% | |
| Q4 2023 | -4.0% | -2.0% | -14.0% | |
| Q3 2023 | +20.0% | +10.0% | +32.5% | |
| Q2 2023 | +9.1% | +9.1% | -4.5% | |
| Q1 2023 | -2.8% | -12.8% | -26.6% | |
| Q4 2022 | -5.1% | -4.2% | -21.2% | |
| Q3 2022 | -1.7% | -10.5% | -12.8% | |
| Q2 2022 | +1.8% | -3.6% | -10.8% | |
| Q1 2022 | +0.0% | -6.2% | +2.7% | |
| Q4 2021 | -19.0% | -29.9% | -96.5% | |
| Q3 2021 | +3.3% | -8.9% | +41.1% | |
| Q2 2021 | -16.2% | -23.8% | -30.0% | |
| Q1 2021 | -7.0% | -9.0% | -36.8% | |
| Q4 2020 | -2.5% | -7.5% | -11.8% | |
| Q3 2020 | +13.0% | +8.8% | +8.0% | |
| Q2 2020 | +35.8% | +39.9% | +50.8% | |
| Q1 2020 | -2.2% | -2.2% | -3.7% | |
| Q4 2019 | +3.0% | +3.7% | -7.4% | |
| Q3 2019 | -21.6% | -23.9% | -6.3% | |
| Q2 2019 | -4.1% | +3.5% | -3.5% | |
| Q1 2019 | -1.2% | -0.3% | -9.3% | |
| Q4 2018 | -4.7% | +3.7% | -1.0% | |
| Q3 2018 | +23.6% | +25.0% | +35.4% | |
| Q2 2018 | +0.4% | +0.0% | -0.4% | |
| Q1 2018 | +3.2% | +1.2% | -2.8% | |
| Q4 2017 | -3.2% | +5.0% | +4.2% | |
| Q3 2017 | +0.4% | -4.9% | -6.1% | |
| Q2 2017 | +1.4% | -3.4% | -0.3% | |
| Q1 2017 | +1.1% | — | — | |
| Q4 2016 | -3.1% | — | — | |
| Q3 2016 | +0.1% | — | — | |
| Q2 2016 | +9.4% | — | — | |
| Q1 2016 | -0.1% | — | — | |
| Q4 2015 | -2.6% | — | — | |
| Q3 2015 | -6.7% | — | — | |
| Q2 2015 | +1.0% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | -3.0% | — | — | |
| Q3 2014 | -20.1% | — | — | |
| Q2 2014 | +6.3% | — | — | |
| Q1 2014 | -2.6% | — | — | |
| Q4 2013 | -3.3% | — | — | |
| Q3 2013 | -3.4% | — | — | |
| Q4 2012 | -2.2% | — | — | |
| Q2 2013 | -2.2% | — | — | |
| Q1 2012 | -2.6% | — | — | |
| Q1 2013 | -2.0% | — | — | |
| Q4 2010 | +0.4% | — | — | |
| Q3 2012 | -5.7% | — | — | |
| Q2 2012 | -1.6% | — | — | |
| Q4 2011 | -1.6% | — | — | |
| Q1 2011 | +6.4% | — | — |
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