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SEAC Price Correlated With Financials For Seachange International

Free historical financial statements for Seachange International Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 41 quarters since 2012. Compare with SEAC stock chart to see long term trends.

SEAC Stock Compared to Quarterly

SEAC Income Statement

Revenue, Net:6723000
Revenue Per Share:0.1364
Cost of Goods & Services Sold:3503000
Gross Profit:3220000
Selling, General & Admin Expense:2286000
Research & Development Expense:1707000
Total Operating Expenses:5956000
Operating Income:-2995000
Income Taxes:-1000
Net Income:-2996000
Earnings Per Share, Basic:-0.06
Shares Outstanding, Basic Avg:49283309

SEAC Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:67000
Change in Accounts Receiveable:-1351000
Net Cash from Operations:-743000
Net Cash from Operations Per Share:-0.0151
Net Cash from Financing Activities:null
Property, Plant & Equipment Purchases:15000
Net Cash from Investing Activities:-15000
Net Change in Cash & Equivalents:-1086000

SEAC Balance Sheet

Cash and Cash Equivalents:16770000
Accounts Receivable, Net:7274000
Total Current Assets:36376000
Property, Plant & Equipment, Net:804000
Total Assets:51870000
Accounts Payable:2266000
Total Short-Term Liabilities:11227000
Total Liabilities:12634000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
SINGER KAREN   10% Owner
519,478 sh at $1
$296,484
Buy
SINGER KAREN   10% Owner
424,942 sh at $1
$230,217
Buy
SINGER KAREN   10% Owner
201,978 sh at $1
$115,098
Buy
SINGER KAREN   10% Owner
134,956 sh at $1
$79,532
Buy
SINGER KAREN   10% Owner
250,000 sh at $1
$149,413
Buy
SINGER KAREN   10% Owner
290,383 sh at $1
$157,941
Buy
AQUINO PETER D   President and C.E.O.
189,000 sh at $1
$100,170
Buy
SINGER KAREN   10% Owner
267,617 sh at $1
$142,558
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group Inc
1,819,336 sh
114,207 sh
7%
$2,056
-$672
Blackrock Inc.
550,745 sh
-5,532 sh
-1%
$622
-$268
Renaissance Technologies LLC
386,858 sh
337,858 sh
690%
$437
$359
Group One Trading, L.P.
339,799 sh
-86,931 sh
-20%
$384
-$299
Geode Capital Management, LLC
331,406 sh
-120,288 sh
-27%
$374
-$348
Simplex Trading, LLC
105,199 sh
13,528 sh
15%
$118
-$28
Northern Trust Corp
74,948 sh
-2,816 sh
-4%
$85
-$39
Morgan Stanley
66,441 sh
41,374 sh
165%
$75
$35
Hexagon Capital Partners LLC
50,000 sh
 
$56
XTX Topco Ltd
49,407 sh
835 sh
2%
$56
-$22
Russell Investments Group, Ltd.
38,200 sh
 
$43
Personal Cfo Solutions, LLC
36,725 sh
36,725 sh
NEW
$41
$41
Us Bancorp \De\
36,700 sh
36,700 sh
NEW
$41
$41
Steward Partners Investment Advisory, LLC
35,752 sh
 
$40
Private Advisor Group, LLC
25,169 sh
 
$40
Raymond James & Associates
25,000 sh
-4,100 sh
-14%
$28
-$19
Vigilant Capital Management, LLC
25,000 sh
 
$28
Private Advisor Group, LLC
24,445 sh
-724 sh
-3%
$28
-$12
Hap Trading, LLC
Call options for 15,100 sh
-63,500 sh
-81%
$2
-$43
Cutler Group Lp
14,075 sh
13,475 sh
2246%
$15
COMPANY PROFILE
1 .

Nature of Business and Basis of Presentation

SeaChange International, Inc. (“SeaChange,” or the “Company”), was incorporated under the laws of the state of Delaware on July 9, 1993. SeaChange is an industry leader in the delivery of multiscreen, advertising and premium over-the-top (“OTT”) video management solutions. The Company’s software products and services are designed to empower video providers to create, manage and monetize the increasingly personalized, highly engaging experiences that viewers demand.
As of January 31, 2022, the Company’s principal executive office was located in Boston, Massachusetts and had wholly-owned subsidiaries in the following countries: Canada, Denmark, Germany, India, Ireland, Netherlands, Philippines, Poland, Singapore, Turkey, and the United Kingdom.
Basis of Presentation and Principles of Consolidation
The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”). The Company consolidates the financial statements of its wholly-owned subsidiaries and all intercompany transactions and account balances have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to the current year presentation.
Liquidity
In the first half of fiscal 2021, the Company reduced its headcount across all departments in response to the ongoing COVID-19 pandemic and, in the second quarter of fiscal 2021, transferred its technical support services to its Poland location in an effort to further reduce cost.
In the first quarter of fiscal 2022, the Company entered into a Sublease Termination Agreement (the “Termination Agreement”) which terminated the office sublease to its former headquarters in Waltham, Massachusetts, effective March 21, 2021. Additionally, in the first quarter of fiscal 2022, the Company issued and sold 10,323,484 shares of common stock, $0.01 par value per share (“common stock”), at a public offering price of $1.85 per share (the “Offering”). The Offering resulted in approximately $17.5 million in proceeds, net of underwriting discounts and commissions of 6.5%, or $0.12025 per share of common stock, and offering expenses of approximately $0.2 million. In addition to the Offering, the Company also granted the underwriters a 45-day option to purchase up to an additional 1,548,522 shares of common stock at a purchase price of $1.85 per share, less underwriting discounts and commissions (the “Underwriter Option”). The Underwriter Option was not exercised and has expired.
In the second quarter of fiscal 2022, the Company was granted full forgiveness of the promissory note (the “Note”) it entered into with Silicon Valley Bank in May 2020 pursuant to the Paycheck Protection Program under the Coronavirus Aid and Economic Security Act administered by the U.S. Small Business Administration (“SBA”). The aggregate principal amount of $2,412,890 and interest accrued of $27,145 at a fixed rate of one percent (1%) per annum, was fully forgiven by the SBA on June 15, 2021 and is included in the consolidated statements of operations and comprehensive loss as a gain on extinguishment of debt.
The Company believes that existing cash and cash equivalents and cash expected to be provided by future operating results will be adequate to satisfy its working capital, capital expenditure requirements and other contractual obligations for at least 12 months from the date of this filing.
If the Company’s expectations are incorrect, it may need to raise additional funds to fund its operations or take advantage of unanticipated strategic opportunities in order to strengthen its financial position. In the future, the Company may enter into other arrangements for potential investments in, or acquisitions of, complementary businesses, services or technologies, which could require it to seek additional equity or debt financing. If adequate funds are not available or are not available on acceptable

Data imported from Seachange International Inc SEC filings. Check original filings before making any investment decision.