What is Seachange Intl Inc's earnings per share (EPS)?

Seachange Intl Inc (SEAC) reported diluted earnings per share of $-0.23 for fiscal year 2023. This represents a -43.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Seachange Intl Inc Financials

SEAC

Source SEC Filings (10-K/10-Q) Updated Apr 30, 2023 Currency USD FYE January

This page shows Seachange Intl Inc (SEAC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 40/100

Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Seachange Intl Inc has an operating margin of -35.9%, meaning the company retains $-36 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -34.4% the prior year.

Growth

Seachange Intl Inc's revenue surged 19.0% year-over-year to $32.5M, reflecting rapid business expansion. This strong growth earns a score of 65/100.

Leverage

Seachange Intl Inc carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.63, Seachange Intl Inc holds $3.63 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 71/100.

Cash Flow

While Seachange Intl Inc generated -$2.0M in operating cash flow, capex of $70K consumed most of it, leaving -$2.1M in free cash flow. This results in a low score of 9/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Seachange Intl Inc generates a -37.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -18.9% the prior year.

Piotroski F-Score Neutral

4/9

Seachange Intl Inc passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.18x

For every $1 of reported earnings, Seachange Intl Inc generates $0.18 in operating cash flow (-$2.0M OCF vs -$11.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$32.5M

YoY+19.0%

5Y CAGR-16.5%

10Y CAGR-14.6%

Seachange Intl Inc generated $32.5M in revenue in fiscal year 2023. This represents an increase of 19.0% from the prior year.

EBITDA

-$11.4M

YoY-42.9%

Seachange Intl Inc's EBITDA was -$11.4M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 42.9% from the prior year.

Net Income

-$11.4M

YoY-53.5%

Seachange Intl Inc reported -$11.4M in net income in fiscal year 2023. This represents a decrease of 53.5% from the prior year.

EPS (Diluted)

$-0.23

YoY-43.8%

Seachange Intl Inc earned $-0.23 per diluted share (EPS) in fiscal year 2023. This represents a decrease of 43.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$2.1M

YoY+61.2%

Seachange Intl Inc generated -$2.1M in free cash flow in fiscal year 2023, representing cash available after capex. This represents an increase of 61.2% from the prior year.

Cash & Debt

$13.8M

YoY-16.2%

5Y CAGR-18.7%

10Y CAGR-18.7%

Seachange Intl Inc held $13.8M in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

50M

YoY+2.5%

5Y CAGR+7.2%

10Y CAGR+4.5%

Seachange Intl Inc had 50M shares outstanding in fiscal year 2023. This represents an increase of 2.5% from the prior year.

Margins & Returns

Gross Margin

63.2%

YoY+3.3pp

5Y CAGR-4.0pp

10Y CAGR+10.2pp

Seachange Intl Inc's gross margin was 63.2% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 3.3 percentage points from the prior year.

Operating Margin

-35.9%

YoY-1.4pp

5Y CAGR-29.1pp

10Y CAGR-32.5pp

Seachange Intl Inc's operating margin was -35.9% in fiscal year 2023, reflecting core business profitability. This is down 1.4 percentage points from the prior year.

Net Margin

-35.1%

YoY-7.9pp

5Y CAGR-51.9pp

10Y CAGR-22.9pp

Seachange Intl Inc's net profit margin was -35.1% in fiscal year 2023, showing the share of revenue converted to profit. This is down 7.9 percentage points from the prior year.

Return on Equity

-37.1%

YoY-18.2pp

5Y CAGR-53.2pp

10Y CAGR-27.5pp

Seachange Intl Inc's ROE was -37.1% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is down 18.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$8.0M

YoY-10.4%

5Y CAGR-19.4%

10Y CAGR-14.6%

Seachange Intl Inc invested $8.0M in research and development in fiscal year 2023. This represents a decrease of 10.4% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$70K

YoY-89.2%

5Y CAGR-33.2%

10Y CAGR-33.2%

Seachange Intl Inc invested $70K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 89.2% from the prior year.

SEAC Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Revenue	$32.5M+19.0%	$27.3M+24.1%	$22.0M-67.2%	$67.2M+7.6%	$62.4M-22.3%	$80.3M
Cost of Revenue	$12.0M+9.2%	$11.0M-9.2%	$12.1M-49.0%	$23.7M-5.7%	$25.1M-4.8%	$26.3M
Gross Profit	$20.5M+25.5%	$16.4M+64.7%	$9.9M-77.2%	$43.5M+16.5%	$37.3M-30.8%	$53.9M
R&D Expenses	$8.0M-10.4%	$8.9M-35.5%	$13.8M-14.0%	$16.1M-18.5%	$19.7M-15.9%	$23.4M
SG&A Expenses	$9.1M+3.1%	$8.8M-9.9%	$9.7M-35.9%	$15.2M-22.5%	$19.6M+15.9%	$16.9M
Operating Income	-$11.7M-23.9%	-$9.4M+56.3%	-$21.5M-142.2%	-$8.9M+75.2%	-$35.8M-561.8%	-$5.4M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$196K-1206.7%	-$15K-125.9%	$58K+20.8%	$48K+102.4%	-$2.0M+83.6%	-$12.3M
Net Income	-$11.4M-53.5%	-$7.4M+65.9%	-$21.8M-143.9%	-$8.9M+76.5%	-$38.0M-381.5%	$13.5M
EPS (Diluted)	$-0.23-43.8%	$-0.16+72.4%	$-0.58-141.7%	$-0.24+77.4%	$-1.06-378.9%	$0.38

Metric	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22
Revenue	$7.0M-31.2%	$10.2M+22.6%	$8.3M+13.2%	$7.3M+8.9%	$6.7M-21.5%	$8.6M+19.8%	$7.2M+9.3%	$6.5M
Cost of Revenue	$2.8M+2.7%	$2.8M-11.7%	$3.1M+22.1%	$2.6M-26.8%	$3.5M+21.8%	$2.9M-16.4%	$3.4M+41.9%	$2.4M
Gross Profit	$4.2M-43.8%	$7.4M+43.4%	$5.2M+8.3%	$4.8M+47.8%	$3.2M-43.4%	$5.7M+53.3%	$3.7M-9.8%	$4.1M
R&D Expenses	$1.8M-22.3%	$2.3M+14.9%	$2.0M+2.9%	$2.0M+14.6%	$1.7M-12.0%	$1.9M-7.2%	$2.1M-5.6%	$2.2M
SG&A Expenses	$2.1M-18.0%	$2.6M+23.5%	$2.1M-1.1%	$2.1M-7.8%	$2.3M+21.5%	$1.9M-10.8%	$2.1M-21.3%	$2.7M
Operating Income	-$806K-165.0%	$1.2M+133.8%	-$3.7M+43.5%	-$6.5M-137.3%	-$2.7M-153.3%	-$1.1M+46.3%	-$2.0M+19.8%	-$2.5M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$49K+125.9%	-$189K-6200.0%	-$3K+40.0%	-$5K-600.0%	$1K-98.7%	$76K+192.3%	$26K+131.3%	-$83K
Net Income	-$714K-141.3%	$1.7M+146.9%	-$3.7M+42.9%	-$6.5M-115.3%	-$3.0M-101.9%	-$1.5M+29.5%	-$2.1M-1027.3%	$227K
EPS (Diluted)	$-0.28	N/A	$-0.07+46.2%	$-0.13+89.3%	$-1.21	N/A	$-0.04	$0.00

SEAC Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Total Assets	$40.7M-21.5%	$51.9M-16.4%	$62.0M-5.5%	$65.6M-6.6%	$70.3M-34.6%	$107.4M
Current Assets	$33.7M-7.2%	$36.4M-9.9%	$40.4M+9.0%	$37.0M-10.2%	$41.3M-35.3%	$63.8M
Cash & Equivalents	$13.8M-16.2%	$16.5M-22.6%	$21.3M+243.9%	$6.2M-57.9%	$14.7M-62.2%	$38.9M
Inventory	N/A	N/A	N/A	N/A	$758K+1.7%	$745K
Accounts Receivable	$7.4M+1.2%	$7.3M+16.4%	$6.2M-33.0%	$9.3M-5.9%	$9.9M	N/A
Goodwill	N/A	$9.5M-10.5%	$10.6M+9.4%	$9.7M-1.6%	$9.8M-61.0%	$25.2M
Total Liabilities	$10.0M-21.1%	$12.6M-24.3%	$16.7M-23.2%	$21.7M-10.7%	$24.4M+4.2%	$23.4M
Current Liabilities	$9.3M-17.2%	$11.2M-14.2%	$13.1M-18.0%	$16.0M-20.2%	$20.0M-3.4%	$20.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$30.7M-21.7%	$39.2M-13.4%	$45.3M+3.2%	$43.9M-4.4%	$45.9M-45.3%	$84.0M
Retained Earnings	-$234.7M-4.1%	-$225.4M-2.9%	-$219.1M-9.7%	-$199.7M-2.3%	-$195.2M-28.6%	-$151.8M

Metric	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22
Total Assets	$40.7M-4.6%	$42.7M+10.6%	$38.6M-12.5%	$44.1M-15.0%	$51.9M-6.0%	$55.2M+1.2%	$54.5M-5.7%	$57.8M
Current Assets	$33.7M-3.9%	$35.1M+5.1%	$33.4M-3.2%	$34.5M-5.1%	$36.4M-3.8%	$37.8M+7.5%	$35.2M-5.0%	$37.0M
Cash & Equivalents	$13.8M+2.8%	$13.4M-7.5%	$14.5M+1.1%	$14.3M-12.9%	$16.5M-6.1%	$17.5M-0.1%	$17.6M-7.3%	$18.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$7.4M-29.1%	$10.4M+48.1%	$7.0M+5.4%	$6.7M-8.5%	$7.3M-17.5%	$8.8M+64.1%	$5.4M-3.3%	$5.6M
Goodwill	N/A	N/A	N/A	$3.4M-64.4%	$9.5M-4.4%	$9.9M-2.9%	$10.2M-2.1%	$10.4M
Total Liabilities	$10.0M-12.9%	$11.4M+16.9%	$9.8M-14.9%	$11.5M-8.9%	$12.6M-0.3%	$12.7M+18.9%	$10.7M-9.9%	$11.8M
Current Liabilities	$9.3M-11.7%	$10.5M+18.8%	$8.9M-14.7%	$10.4M-7.5%	$11.2M+0.9%	$11.1M+35.4%	$8.2M-9.5%	$9.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$30.7M-1.5%	$31.2M+8.5%	$28.8M-11.7%	$32.6M-17.0%	$39.2M-7.7%	$42.5M-3.0%	$43.9M-4.6%	$46.0M
Retained Earnings	-$234.7M-0.4%	-$233.8M+0.7%	-$235.5M-1.6%	-$231.9M-2.9%	-$225.4M-1.3%	-$222.4M-0.7%	-$220.9M-1.0%	-$218.8M

SEAC Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	-$2.0M+57.4%	-$4.7M+49.3%	-$9.4M+36.8%	-$14.8M+31.3%	-$21.5M-266.2%	$12.9M
Capital Expenditures	$70K-89.2%	$646K+97.0%	$328K+16.7%	$281K-22.8%	$364K-30.8%	$526K
Free Cash Flow	-$2.1M+61.2%	-$5.4M+44.3%	-$9.7M+35.8%	-$15.1M+31.1%	-$21.9M-276.2%	$12.4M
Investing Cash Flow	-$1.3M-238.8%	-$394K-109.8%	$4.0M+7.0%	$3.8M+283.8%	-$2.0M-134.1%	$6.0M
Financing Cash Flow	$7K-100.0%	$17.6M+613.5%	$2.5M+423.3%	$472K+1080.0%	$40K+146.0%	-$87K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$80K-43.7%	$142K	N/A	N/A

Metric	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22
Operating Cash Flow	$579K+479.0%	$100K-79.3%	$482K+125.9%	-$1.9M-150.2%	-$743K-198.7%	$753K+164.5%	-$1.2M+53.6%	-$2.5M
Capital Expenditures	N/A	-$54K-151.9%	$104K+1980.0%	$5K-66.7%	$15K-97.4%	$568K+56700.0%	$1K-98.6%	$70K
Free Cash Flow	N/A	$46K-87.8%	$378K+120.3%	-$1.9M-145.9%	-$758K-509.7%	$185K+115.8%	-$1.2M+54.8%	-$2.6M
Investing Cash Flow	-$167K+86.2%	-$1.2M-1064.4%	-$104K-1980.0%	-$5K+66.7%	-$15K+97.4%	-$568K-56700.0%	-$1K+98.6%	-$70K
Financing Cash Flow	N/A	$0	$0	N/A	N/A	$24K	$0	$0
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SEAC Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Gross Margin	63.2%+3.3pp	59.9%+14.7pp	45.1%-19.6pp	64.8%+5.0pp	59.8%-7.4pp	67.2%
Operating Margin	-35.9%-1.4pp	-34.4%+63.4pp	-97.8%-84.6pp	-13.2%+44.1pp	-57.4%-50.6pp	-6.7%
Net Margin	-35.1%-7.9pp	-27.2%+71.7pp	-98.9%-85.6pp	-13.3%+47.6pp	-60.9%-77.7pp	16.8%
Return on Equity	-37.1%-18.2pp	-18.9%+29.1pp	-48.0%-27.7pp	-20.3%+62.4pp	-82.7%-98.8pp	16.1%
Return on Assets	-28.0%-13.7pp	-14.3%+20.8pp	-35.1%-21.5pp	-13.6%+40.5pp	-54.1%-66.6pp	12.6%
Current Ratio	3.63+0.4	3.24+0.2	3.08+0.8	2.32+0.3	2.06-1.0	3.08
Debt-to-Equity	0.320.0	0.32-0.0	0.37-0.1	0.50-0.0	0.53+0.3	0.28
FCF Margin	-6.4%+13.3pp	-19.8%+24.3pp	-44.0%-21.6pp	-22.4%+12.6pp	-35.1%-50.6pp	15.5%

Metric	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22
Gross Margin	59.4%-13.4pp	72.8%+10.6pp	62.2%-2.8pp	65.0%+17.1pp	47.9%-18.5pp	66.4%+14.5pp	51.9%-11.0pp	62.9%
Operating Margin	-11.5%-23.7pp	12.2%+56.5pp	-44.2%+44.4pp	-88.6%-47.9pp	-40.7%-28.1pp	-12.6%+15.5pp	-28.1%+10.2pp	-38.4%
Net Margin	-10.2%-27.2pp	17.0%+61.5pp	-44.5%+43.6pp	-88.1%-43.5pp	-44.6%-27.2pp	-17.3%+12.1pp	-29.4%-32.9pp	3.5%
Return on Equity	-2.3%-7.8pp	5.5%+18.3pp	-12.8%+7.0pp	-19.8%-12.2pp	-7.6%-4.1pp	-3.5%+1.3pp	-4.8%-5.3pp	0.5%
Return on Assets	-1.8%-5.8pp	4.0%+13.6pp	-9.6%+5.1pp	-14.6%-8.9pp	-5.8%-3.1pp	-2.7%+1.2pp	-3.9%-4.3pp	0.4%
Current Ratio	3.63+0.3	3.34-0.4	3.77+0.4	3.32+0.1	3.24-0.2	3.40-0.9	4.28+0.2	4.08
Debt-to-Equity	0.32-0.0	0.37+0.0	0.34-0.0	0.35+0.0	0.32+0.0	0.30+0.1	0.24-0.0	0.26
FCF Margin	N/A	0.4%-4.1pp	4.6%+30.0pp	-25.4%-14.2pp	-11.3%-13.4pp	2.2%+18.5pp	-16.3%+23.2pp	-39.5%

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Frequently Asked Questions

What is Seachange Intl Inc's annual revenue?

Seachange Intl Inc (SEAC) reported $32.5M in total revenue for fiscal year 2023. This represents a 19.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Seachange Intl Inc's revenue growing?

Seachange Intl Inc (SEAC) revenue grew by 19% year-over-year, from $27.3M to $32.5M in fiscal year 2023.

Is Seachange Intl Inc profitable?

No, Seachange Intl Inc (SEAC) reported a net income of -$11.4M in fiscal year 2023, with a net profit margin of -35.1%.

What is Seachange Intl Inc's EBITDA?

Seachange Intl Inc (SEAC) had EBITDA of -$11.4M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

What is Seachange Intl Inc's gross margin?

Seachange Intl Inc (SEAC) had a gross margin of 63.2% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.

What is Seachange Intl Inc's operating margin?

Seachange Intl Inc (SEAC) had an operating margin of -35.9% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is Seachange Intl Inc's net profit margin?

Seachange Intl Inc (SEAC) had a net profit margin of -35.1% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Seachange Intl Inc's return on equity (ROE)?

Seachange Intl Inc (SEAC) has a return on equity of -37.1% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.

What is Seachange Intl Inc's free cash flow?

Seachange Intl Inc (SEAC) generated -$2.1M in free cash flow during fiscal year 2023. This represents a 61.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Seachange Intl Inc's operating cash flow?

Seachange Intl Inc (SEAC) generated -$2.0M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Seachange Intl Inc's total assets?

Seachange Intl Inc (SEAC) had $40.7M in total assets as of fiscal year 2023, including both current and long-term assets.

What are Seachange Intl Inc's capital expenditures?

Seachange Intl Inc (SEAC) invested $70K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How much does Seachange Intl Inc spend on research and development?

Seachange Intl Inc (SEAC) invested $8.0M in research and development during fiscal year 2023.

How many shares does Seachange Intl Inc have outstanding?

Seachange Intl Inc (SEAC) had 50M shares outstanding as of fiscal year 2023.

What is Seachange Intl Inc's current ratio?

Seachange Intl Inc (SEAC) had a current ratio of 3.63 as of fiscal year 2023, which is generally considered healthy.

What is Seachange Intl Inc's debt-to-equity ratio?

Seachange Intl Inc (SEAC) had a debt-to-equity ratio of 0.32 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Seachange Intl Inc's return on assets (ROA)?

Seachange Intl Inc (SEAC) had a return on assets of -28.0% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Seachange Intl Inc's cash runway?

Based on fiscal year 2023 data, Seachange Intl Inc (SEAC) had $13.8M in cash against an annual operating cash burn of $2.0M. This gives an estimated cash runway of approximately 82 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Seachange Intl Inc's Piotroski F-Score?

Seachange Intl Inc (SEAC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Seachange Intl Inc's earnings high quality?

Seachange Intl Inc (SEAC) has an earnings quality ratio of 0.18x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Seachange Intl Inc?

Seachange Intl Inc (SEAC) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.