SeaChange: Fiscal 2Q Earnings Snapshot
Sep. 05, 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.