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SEAC Seachange International

SeaChange International powers hundreds of cloud and on-premises platforms with live TV and video on demand (VOD) for more than 50 million subscribers worldwide. SeaChange's end-to-end solution, the Framework, enables operators and content owners to cost-effectively launch a direct-to-consumer video service. This includes back-office, media asset management, ad management, analytics, and a client application for set-top boxes (STB), Smart-TVs and mobile devices. Framework is available as a product or managed service, and can be deployed on-premises, in the cloud or as a hybrid.

SEAC stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

10 Dec 20
13 Apr 21
31 Jan 22
Quarter (USD)
Oct 20 Jul 20 Apr 20 Oct 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 20 Jan 19 Jan 18 Jan 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 5.12M 5.12M 5.12M 5.12M 5.12M 5.12M
Cash burn (monthly) 843.67K 339.83K 1.52M 1.24M 1.26M 1.19M
Cash used (since last report) 4.6M 1.85M 8.31M 6.74M 6.86M 6.5M
Cash remaining 522.48K 3.27M -3.19M -1.62M -1.74M -1.38M
Runway (months of cash) 0.6 9.6 -2.1 -1.3 -1.4 -1.2

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Feb 21 Kielczewski Marek Employee Stock Option Common Stock Grant Aquire A No No 1.38 200,000 276K 200,000
10 Feb 21 Prinn Michael Employee Stock Option Common Stock Grant Aquire A No No 1.38 200,000 276K 200,000
10 Feb 21 Matthew Stecker Common Stock Grant Aquire A No No 0 36,496 0 36,496
10 Feb 21 Matthew Stecker Common Stock Grant Aquire A No No 0 72,993 0 72,993
1 Feb 21 Kielczewski Marek Common Stock Sell Dispose S No No 1.17 1,565 1.83K 456,116
1 Feb 21 Kielczewski Marek Common Stock Sell Dispose S No No 1.17 6,261 7.33K 457,681

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

17.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 54 62 -12.9%
Opened positions 5 6 -16.7%
Closed positions 13 16 -18.8%
Increased positions 12 18 -33.3%
Reduced positions 19 20 -5.0%
13F shares
Current Prev Q Change
Total value 19.62M 13.69M +43.4%
Total shares 8.5M 10.03M -15.2%
Total puts 0 10K EXIT
Total calls 0 1.18M EXIT
Total put/call ratio 0.0
Largest owners
Shares Value Change
BLK Blackrock 1.74M $2.44M -0.4%
Vanguard 1.01M $1.41M +1.4%
Dimensional Fund Advisors 1M $1.41M -41.6%
Roumell Asset Management 601.75K $824K NEW
Gsa Capital Partners 559.8K $784K +427.1%
Geode Capital Management 505.12K $707K +10.1%
Acadian Asset Management 488.02K $684K -22.9%
STT State Street 346.1K $485K -14.2%
NTRS Northern Trust 341.14K $478K -5.9%
Managed Asset Portfolios 172.75K $242K 0.0%
Largest transactions
Shares Bought/sold Change
Dimensional Fund Advisors 1M -716.04K -41.6%
Roumell Asset Management 601.75K +601.75K NEW
Jacobs Levy Equity Management 0 -565.56K EXIT
Russell Investments 0 -498.36K EXIT
Gsa Capital Partners 559.8K +453.6K +427.1%
Squarepoint Ops 0 -159.53K EXIT
Arrowstreet Capital, Limited Partnership 0 -153.96K EXIT
Acadian Asset Management 488.02K -144.67K -22.9%
Renaissance Technologies 86.54K -89.05K -50.7%
Two Sigma Investments 35.76K -61.11K -63.1%

Financial report summary

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Competition
Cisco SystemsComcastCommScope HoldingTiVo
Risks
  • Our efforts to introduce SaaS-based multiscreen service offerings may either not succeed or impair the sale of our on-site licensed offerings, the occurrence of either of which may adversely affect our financial condition and operating results.
  • If we are unable to successfully compete in our marketplace, our financial condition and operating results may be adversely affected.
  • If we fail to respond to rapidly changing technologies related to multiscreen video, our business, financial condition and results of operations would be materially adversely affected because the competitive advantage of our products and services relative to those of our competitors would decrease.
  • We have taken and continue to take measures to address the variability in the market for our products and services, which could have long-term negative effects on our business or impact our ability to adequately address a rapid increase in customer demand.
  • Because our customer base has been highly concentrated among a limited number of large customers, the loss of reduced demand by, or the return of product by one or more of these customers or the failure of revenue acceptance criteria to have been satisfied in a given fiscal quarter, could have a material adverse effect on our business, financial condition and results of operations.
  • If we are unable to retain our existing customers, our revenue and results of operations will be adversely affected.
  • Consolidations in the markets we serve could result in delays or reductions in purchases of products, which would have a material adverse effect on our business.
  • Cancellation or deferral of purchases of our products or final customer acceptance could cause a substantial variation in our operating results, resulting in a decrease in the market price of our common stock and making period-to-period comparisons of our operating results less meaningful.
  • Adoption of our value based selling approach for our products and services may adversely impact our revenues and operating results.
  • Due to the lengthy sales cycle involved in the sale of our products, our quarterly results may vary and should not be relied on as an indication of future performance.
  • If there were a decline in demand or average selling prices for our products and services, our revenue and operating results would be materially affected.
  • We must manage product transitions successfully to remain competitive.
  • We may fail to achieve our financial forecasts due to inaccurate sales forecasts or other factors.
  • Restructuring programs could have a material negative impact on our business.
  • If we are unable to manage our efforts to focus our business and grow in targeted areas, our business may be harmed through a diminished ability to monitor and control effectively our operations, and a decrease in the quality of work and innovation of our employees.
  • Because our business is susceptible to risks associated with international operations, we may not be able to maintain or increase international sales of our products and services.
  • We are exposed to fluctuations in currency exchange rates that could negatively impact our financial results and cash flows.
  • Economic conditions and regulatory changes following the United Kingdom’s exit from the EU could have a material adverse effect on our business and results of operations.
  • Our ability to compete could be jeopardized if we are unable to protect our intellectual property rights from third-party challenges.
  • We have been and, in the future, could become subject to litigation regarding intellectual property rights, which could seriously harm our business and require us to incur significant legal costs to defend our intellectual property rights.
  • If content providers limit the scope of content licensed for use in the digital VOD and OTT market, our business, financial condition and results of operations could be negatively affected because the potential market for our products would be more limited than we currently believe and have communicated to the financial markets.
  • If we are not able to obtain necessary licenses, services or distribution rights for third-party technology at acceptable prices, or at all, our products could become obsolete or we may not be able to deliver certain product offerings.
  • Our products are subject to warranty claims.
  • If our software products contain serious errors or defects, then we may lose revenue and market acceptance and may incur costs to defend or settle claims.
  • We may not fully realize the benefits of our completed acquisitions or it may take longer than we anticipate for us to achieve those benefits. Future acquisitions may be difficult to integrate, disrupt our business, dilute stockholder value or divert management attention.
  • Acquisitions or divestitures may adversely affect our financial condition.
  • We face the risk that capital needed for our business will not be available when we need it or that it would result in substantial dilution to our stockholders.
  • We may not have access in the future to sufficient funding to finance desired growth and operations.
  • Our ability to utilize our net operating losses, or NOLs, and certain other tax attributes may be limited.
  • We have experienced turnover in our senior management, which could result in operational and administrative inefficiencies and could hinder the execution of our growth strategy.
  • We may have additional tax liabilities.
  • If our security measures are breached and unauthorized access is obtained to a customer’s data or our data on our systems, our service may be perceived as not being secure, customers may curtail or stop using our service and we may incur significant legal and financial exposure and liabilities.
  • Evolving data privacy regulations, including the EU’s General Data Protection Regulation (“GDPR”), and the California Consumer Privacy Act (“CCPA”), may subject us to significant penalties.
  • Interruptions or delays in service from our third-party data center hosting facilities or our enterprise cloud computing providers could impair the delivery of our service, adversely affect our financial results and otherwise harm our business.
  • A disruption to our information technology systems could significantly impact our operations and impact our revenue and profitability.
  • Our stock price may be volatile and an investment in our stock may decline. If we fail to comply with the continuing listing standards of The NASDAQ Global Select Market, our securities could be delisted.
  • Actions that may be taken by significant stockholders may divert the time and attention of our Board of Directors and management from our business operations.
  • Securities analysts may not publish favorable research or reports about our business or may publish no information, which could cause our stock price or trading volume to decline.
  • We utilize non-GAAP reporting in our quarterly earnings press releases.
  • Changes in financial accounting standards may cause adverse unexpected revenue fluctuations and affect our reported results of operations.
  • Any weakness identified in our system of internal controls by us and our independent registered public accounting firm pursuant to Section 404 of the Sarbanes-Oxley Act of 2002 could have an adverse effect on our business.
  • We use estimates in accounting for our contracts. Changes in our estimates could adversely affect our future financial results.
  • Our ability to deliver products and services that satisfy customer requirements is heavily dependent on the performance of our third-party vendors.
  • We enter into fixed-price contracts, which could subject us to losses if we have cost overruns.
  • Because we purchase certain components used in assembling some of our products from sole suppliers, our business, financial condition and results of operations could be materially adversely affected by a failure of these suppliers to provide these components.
  • Our products are often integrated with other third-party products. Third-party delays could adversely affect our future financial operating results.
  • We may experience risks in our investments due to changes in the market, which could adversely affect the value or liquidity of our investments.
  • The performance of the companies in which we have made and may in the future make equity investments could have a material adverse effect on our financial condition and results of operations.
  • Uncertainties of regulation of the Internet and data traveling over the Internet could have a material and adverse impact on our financial condition and results of operations.
  • There is no assurance that the current cost of Internet connectivity and network access will not rise with the increasing popularity of online media services.
  • We are subject to the Foreign Corrupt Practices Act (“FCPA”), and our failure to comply could result in penalties that could harm our reputation, business, and financial condition.
  • Delaware law and our certificate of incorporation and bylaws contain anti-takeover provisions, and our Board of Directors has adopted a Tax Benefits Preservation Plan in the form of a stockholder rights agreement, any of which could delay or discourage a merger, tender offer, or assumption of control of the Company not approved by our Board that some stockholders may consider favorable.
Management Discussion
  • SeaChange International, Inc., a Delaware corporation (“SeaChange,” the “Company,” “us,” or “we”) founded on July 9, 1993, is an industry leader in the delivery of multiscreen, advertising and premium over the top (“OTT”) video management solutions headquartered in Waltham, Massachusetts. Our software products and services facilitate the aggregation, licensing, management and distribution of video and advertising content for service providers, telecommunications companies, satellite operators and broadcasters. We sell our software products and services worldwide, primarily to service providers including: operators, such as Liberty Global, plc., Altice NV, Cox Communications, Inc. and Rogers Communications, Inc.; telecommunications companies, such as Verizon Communications, Inc., AT&T, Inc. and Frontier Communications Corporation; satellite operators such as Direct TV and Dish Network Corporation; and broadcasters.
Content analysis
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H.S. sophomore Avg
New words: afforded, AMT, appeal, bid, calendar, compliance, confirmation, consecutive, cure, deficiency, delisted, delisting, Department, deployment, favor, incident, Nasdaq, notify, notifying, panel, Participating, privacy, regain, Registration, regulatory, SEAC, Secretary, Select, split, symbol, tradeshow
Removed: collectively