SeaChange: Fiscal 1Q Earnings Snapshot
ACTON, Mass. (AP) _ SeaChange International Inc. (SEAC) on Thursday reported a loss of $10.8 million in its fiscal first quarter.
On a per-share basis, the Acton, Massachusetts-based company said it had a loss of 30 cents. Losses, adjusted for one-time gains and costs, were 20 cents per share.
The video software company posted revenue of $8.5 million in the period.
SeaChange expects full-year earnings in the range of 3 cents to 19 cents per share, with revenue in the range of $70 million to $80 million.
The company’s shares closed at $1.25. A year ago, they were trading at $3.