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General

SeaChange moves to profit in Q4

Tuesday 17 April 2018 | 12:11 CET | News
SeaChange said revenues for its fiscal fourth quarter slipped to USD 22.9 million from 23.8 million the year before, well within guidance. The net result recovered from last year's loss of USD 27.4 million, rising to a profit of USD 20.6 million, with earnings per share going to USD 0.58 from a loss of 0.78. The profit from operating went to USD 1.2 million from a loss of 24.4 million year-on-year. Results includes a charge of USD 2.1 million, related mainly to severance and restructuring costs.

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Categories: General
Companies: SeaChange
Countries: World
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