0
General

SeaChange revenues up to USD 19 mln in Q2, Aloni named CEO

Friday 30 August 2019 | 11:30 CET | News
Video delivery platform specialist SeaChange International reported second quarter fiscal 2020 revenue up 58 percent year on year to USD 18.8 million, with net losses improving to USD 0.2 million, or USD 0.00 per basic share, compared to a loss of USD 9.1 million, or USD 0.26 per basic share, a year earlier. The company ended the quarter with cash and cash equivalents of USD 9.2 million compared to USD 20.3 million a year earlier, and said it has closed seven significant deals since the beginning of the fiscal year on 01 February.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: SeaChange International
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

SeaChange still sees return to growth, profitability in H2 after lower Q2

Published 09 Sep 2020 11:15 CET | World
Video delivery platform specialist SeaChange International said second quarter results were still impacted by the coronavirus ...

SeaChange sees return to growth, profitability in H2 after in-line Q1

Published 12 Jun 2020 14:09 CET | World
Video delivery platform specialist SeaChange International reported first quarter results impacted by the covid-19 pandemic but ...

SeaChange warns Q1 revenues to go lower than year before

Published 22 May 2020 09:54 CET | World
Video delivery platform specialist SeaChange International said revenues for the first quarter will be lower than the year ...

SeaChange reports higher Q4, reiterates mid-term financial goals

Published 07 Apr 2020 11:11 CET | World
Video delivery platform specialist SeaChange International reported higher results for its fiscal fourth quarter and closed 26 ...

SeaChange selected by Midco to monetise new video streaming service

Published 03 Apr 2020 13:50 CET | United States
SeaChange International expanded its relationship with long-term customer, Midco. The SeaChange Framework offers converged, ...

SeaChange selected by Canadian ISP to power new video streaming service

Published 18 Mar 2020 13:50 CET | Canada
SeaChange International said Canada's largest independent internet service provider (ISP) selected its online-video platform, the ...

SeaChange moves back to profit in Q3, appoints new CFO

Published 05 Dec 2019 10:36 CET | World
Video delivery platform specialist SeaChange International said revenues for its fiscal third quarter rose to USD 20.5 million ...

SeaChange sees brighter H2 after strategic moves in Q1

Published 07 Jun 2019 13:30 CET | World
SeaChange reported lower results for the first quarter, with revenues falling to USD 8.5 million from 14.9 million and the net ...

SeaChange revenues, profit declines in Q4 after 'extremely challenging year'

Published 11 Apr 2019 12:05 CET | World
SeaChange reported lower revenues and profit in the fourth quarter of its fiscal 2019, in what chairman Mark Bonney said was an ...

SeaChange promotes Bonney to executive chair

Published 05 Apr 2019 15:43 CET | World
SeaChange International promoted Mark J. Bonney as executive chair. In this role, Bonney will assume the duties of chairman of ...

SeaChange appoints new board members together with largest shareholder

Published 01 Mar 2019 14:18 CET | World
Video delivery platform specialist SeaChange International said it has reached a cooperation agreement with its largest ...

SeaChange CEO resigns after board discussions with certain shareholders

Published 26 Feb 2019 09:39 CET | World
Video delivery platform specialist SeaChange International has announced the resignation of its CEO, Edward Terino, from 24 ...

SeaChange buys Xstream for USD 5.5 mln

Published 11 Feb 2019 13:48 CET | World
Video delivery platform specialist SeaChange International said it has bought Xstream for USD 5.5 million, including USD 4.6 ...

SeaChange appoints Aloni as SVP, chief commercial officer

Published 03 Jan 2019 08:18 CET | World
Video delivery platform specialist SeaChange International appointed Yossi Aloni as senior vice president and chief commercial ...