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SeaChange International, Inc. (NASDAQ: SEAC) is a leading provider of premium video streaming solutions, enabling service providers, broadcasters, content owners, and brand advertisers to deliver billions of video streams across a variety of pay-TV and OTT platforms. With over 20 years of experience and as a three-time Emmy Award-winning organization, SeaChange empowers media businesses with the tools they need for content management, delivery, measurement, and analytics.
SeaChange offers a robust suite of capabilities designed to craft individualized, branded experiences for every viewer, ensuring high quality and value worldwide. Its core business involves not only managing and delivering content but also providing extensive measurement and analytics tools to enhance viewer engagement and business opportunities.
Recently, SeaChange has partnered with Univer Video to relaunch a streaming service featuring an exclusive video library, new live channels, and enhanced user experiences. This service will support multiple languages, currencies, and payment options, making it accessible to a global audience. The collaboration underscores SeaChange's commitment to empowering innovative content partners on an international scale.
In the financial realm, SeaChange's Board of Directors has authorized a stock repurchase program worth up to $2.25 million. Additionally, Tiber Ventures, Inc., formerly known as SeaChange International, has announced a modified "Dutch auction" tender offer to purchase up to $6.16 million of its common stock. This strategic financial maneuver aims to optimize shareholder value and reflects the company's robust financial health.
SeaChange's extensive experience, strategic partnerships, and innovative solutions make it a significant player in the media and entertainment technology industry. For more information, visit the company's website at www.schange.com.
SeaChange International, Inc. (NASDAQ: SEAC) has enhanced its collaboration with Amazon Web Services (AWS), integrating AI and ML capabilities into its cloud-based video delivery platform. This upgrade enables clients to utilize tools like SageMaker for predictive maintenance and customer behavior analytics. Notably, the platform supports Screen iL, a global streaming service for Israeli content, offering valuable insights into user engagement. The collaboration aims to boost customer retention and engagement with personalized content recommendations, strengthening SeaChange's service offerings.
BOSTON and TEL AVIV, Aug. 2, 2021 /PRNewswire/ -- SeaChange International (NASDAQ:SEAC) launched Screen iL, a new streaming service aimed at Israeli expatriates and global consumers seeking Israeli content. The platform, developed in partnership with Stream iL Communications, offers a vast collection of Israeli films and TV shows. Users can subscribe for $19.99 monthly or $219.99 annually. The multi-year agreement ensures access to SeaChange's StreamVid platform, enhancing content delivery and analytics for optimized user engagement.
SeaChange International (NASDAQ:SEAC) launched StreamVid™, a cloud-based OTT platform that facilitates streaming businesses by enabling operators and content owners to manage their services more effectively. This end-to-end, fully managed software-as-a-service (SaaS) solution enhances content distribution, user lifecycle data management, and advertising monetization. StreamVid supports multiple monetization models, delivering content in 4K quality across various devices while focusing on user engagement through data analytics. The platform promotes a pay-as-you-grow model, appealing to both startups and established businesses.
SeaChange International (NASDAQ: SEAC) has appointed Feintuch Communications as its global public relations agency as of June 30, 2021. This partnership aims to enhance SeaChange's communication strategy amid a growing streaming content market. Executive Chairman Robert Pons highlighted the importance of 2021 for the company, following the establishment of a new leadership team. Feintuch Communications brings extensive experience in media and technology, promising a robust communications campaign for SeaChange to strengthen its market position.
SeaChange International, Inc. (NASDAQ: SEAC) reported its fiscal first-quarter results for 2022, highlighting a steady revenue of $5.1 million. Product revenue increased to $1.6 million (32% of total), while service revenue decreased to $3.4 million (68%). The company’s gross profit remained stable at $2.8 million. Operating expenses fell by 9% to $6.6 million, contributing to a reduced GAAP net loss of $4.1 million or $(0.10) per share. SeaChange initiated a strategic roadmap aimed at capturing market share in the growing OTT streaming sector.
SeaChange International (NASDAQ: SEAC) will hold a conference call on June 10, 2021 at 5:00 p.m. ET to discuss its Q1 financial results for the period ending April 30, 2021. The financial results will be announced in a press release before the call. Interested parties can join the call via U.S. dial-in at 877-407-8037 or internationally at 201-689-8037. A live broadcast will also be available for replay through the company's investor relations website.
SeaChange International (NASDAQ: SEAC) announced a strong fiscal fourth quarter for 2021, reporting total revenue of $5.1 million, up slightly from the prior quarter. The company secured a significant multi-million-dollar contract with a major U.S. broadband provider and improved its operating expenses by 54% year-over-year. With over $22 million in cash, SeaChange is well-positioned to capitalize on the growing demand for OTT video streaming services. GAAP net loss improved to $4.4 million, or $(0.12) per share, reflecting ongoing operational efficiencies.
SeaChange International (NASDAQ: SEAC) will host a conference call on April 13, 2021, at 5:00 p.m. ET to discuss its financial results for the fourth quarter and fiscal year ending January 31, 2021. A press release detailing the results will be issued prior to the call. The call will feature SeaChange's executive management and will include a Q&A session. Investors can access the live broadcast and replay via the investor relations section on SeaChange's website.
SeaChange International (NASDAQ: SEAC) has successfully completed a public offering of 10,323,484 shares at a price of $1.85 per share, generating approximately $19.1 million in gross proceeds. This offering was priced above the five-day average closing price of $1.26 and includes an option for underwriters to purchase an additional 15% of shares. The funds will be allocated for general corporate purposes, working capital, and potential acquisitions. The company aims to leverage this capital to accelerate its growth strategy within the expanding OTT streaming market.
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