Sea Change Intl IN Up 5.22% To $0.43 After Earnings

Thursday, April 6, 2023 - Sea Change Intl IN (SEAC) reported upside earnings and revenues today.

Sea Change Intl IN's earnings came in at an EPS of $0.03 per share. The firm's earnings are up 50% since reporting $0.02 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $10.2 million. That revenue figure is an increase of 18.57% from the year ago quarter.

The stock is up 5.22% to $0.43 after the report.

Sea Change Intl IN's earnings expanded faster than revenues, signaling widening profit margins.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Sea Change Intl IN has performed a little below average during the past few months. Before the report, Sea Change Intl IN received a Long-Term Technical Rank by InvestorsObserver of 26, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $0.34 on March 24, 2023 and set a 52-week high on April 8, 2022 at $1.35.

SeaChange International Inc is a provider of multiscreen video solutions for television service providers, telecommunications companies, satellite operators, and media companies. The business has two product areas: multiscreen video back-office and advertising and video gateway software solutions. The firm's solutions facilitate aggregation, licensing, management, and distribution of video and advertising content for its customers. The company derives revenue from sales of hardware, software, systems, and services in multiple-element arrangements. Roughly half of the firm's revenue is generated in the United States, with the rest in Europe, Middle East, Latin America, and Asia-Pacific regions.