NASDAQ$SEAC
SeaChange International Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
SeaChange reported Q3 2023 financial results with revenue increase and gross margin expansion.
SeaChange International, Inc. reported a 16% year-over-year increase in total revenue to $8.3 million for fiscal Q3 2023. Gross margin expanded to 62% from 52% in the same period last year, and the company generated positive non-GAAP net income for the second consecutive quarter.
- Total revenue increased by 16% year-over-year, reaching $8.3 million.
- Services revenue grew significantly, up 68% year-over-year to $6.1 million.
- Gross margin expanded to 62%, compared to 52% in the prior year quarter.
- Company generated positive non-GAAP net income for the second consecutive quarter.
Headline financials
Revenue & EPS history
SeaChange · Revenue · Quarterly
$8.29M
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
The press release contains forward-looking statements regarding the company's future performance, which are subject to risks and uncertainties.
Tailwinds
- Company’s ability to generate recurring SaaS revenues
- Company's ability to create organic and strategic growth opportunities
- Company's ability to continue building momentum by securing major new customers
- Company's ability to manage its growth
- Company's capability to cost-effectively launch and grow premium linear TV and direct-to-consumer streaming services
Headwinds
- Reduction in spending by customers on video solutions and services
- Increase in labor, service and supply costs, including as a result of inflationary pressures
- Inability to successfully compete in the marketplace
- Failure to respond to rapidly changing technologies related to multiscreen video
- Weakened global economic conditions that may harm the industry, business and results of operations
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 Q3 2023
-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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