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General

SeaChange lowers Q2 revenue expectations

Tuesday 21 August 2018 | 15:08 CET | News
Multi-screen video services company SeaChange announced that it expects revenues for its fiscal second quarter 2019 of USD 11.5 million to USD 12.5 million compared to its prior guidance of USD 17 million to USD 19 million. It also expects a net per-share loss from operations of USD 0.22 to USD 0.20, compared to previous guidance of a loss of USD 0.08 to USD 0.04 per share. Cash and cash equivalents is set to fall to USD 35 million on 31 July compared to around USD 49 million on 30 April 2018.

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Categories: General
Companies: SeaChange
Countries: World
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