NASDAQ$SEAC

SeaChange International Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

SeaChange's financial performance improved with strategic roadmap execution in Q4 2021.

SeaChange International reported an increase in total revenue to $5.1 million compared to $5.0 million in the previous quarter, and a GAAP net loss of $4.4 million, an improvement from a net loss of $5.1 million in the third quarter of fiscal 2021. The company's operating expenses decreased by 54% year-over-year due to efficiency measures, and the balance sheet was bolstered with over $22 million in cash.

  • Implemented a strategic roadmap to drive scale and capture market share.
  • Enhanced the go-to-market strategy to position SeaChange as a leading enabler of video streaming services.
  • Secured a multi-year, multi-million-dollar contract with a major U.S. broadband service provider.
  • Realized a 54% year-over-year decrease in operating expenses due to efficiency measures.

Headline financials

Total Revenue

$5.12M

Previous: $19.3M-73.5%
EPS (adj)

-$0.12

Previous: $2.60-104.6%
Revenue Backlog

$20.4M

No prior period
Capital Expenditures

$17K

No prior period
Free Cash Flow

-$51K

No prior period
Net Income

-$4.37M

Previous: -$43K-10053.5%
Operating Income

-$4.44M

Previous: $3.6M-223.3%
Gross Profit

$2.83M

Previous: $14M-79.8%
Cash & Equivalents

$5.86M

No prior period
Total Assets

$50.4M

No prior period
Stock-Based Comp

$193K

No prior period

Revenue & EPS history

SeaChange · Revenue · Quarterly

$5.12M

Q4 2021-73.5%vs Q4 2020
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

SeaChange · $5.12M total across 2 segments · Q4 2021

  • Service
    $3.73M
  • Product
    $1.4M

Forward guidance

SeaChange is focused on implementing its strategic roadmap to drive growth and profitability.

Tailwinds

  • Drive scale
  • Capture market share
  • Create greater value for customers and shareholders
  • Building sales momentum
  • Positioned at the epicenter of the video industry’s transformation to over-the-top (OTT) video streaming services

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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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