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SeaChange: Fiscal 2Q Earnings Snapshot

September 5, 2018

ACTON, Mass. (AP) _ SeaChange International Inc. (SEAC) on Wednesday reported a loss of $9.1 million in its fiscal second quarter.

The Acton, Massachusetts-based company said it had a loss of 26 cents per share. Losses, adjusted for stock option expense and restructuring costs, came to 21 cents per share.

The video software company posted revenue of $11.9 million in the period.

For the current quarter ending in November, SeaChange expects its results to range from a loss of 5 cents per share to earnings of 4 cents per share.

The company said it expects revenue in the range of $16 million to $20 million for the fiscal third quarter.

SeaChange expects full-year results to range from a loss of 15 cents per share to a loss of 4 cents per share, with revenue ranging from $70 million to $75 million.

In the final minutes of trading on Wednesday, the company’s shares hit $1.67. A year ago, they were trading at $2.64.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SEAC at https://www.zacks.com/ap/SEAC

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