Seachange Intl Inc Financials
This page shows Seachange Intl Inc (SEAC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).
Key Financial Metrics
Seachange Intl Inc generated $32.5M in revenue in fiscal year 2023. This represents an increase of 47.7% from the prior year.
Seachange Intl Inc's EBITDA was -$11.4M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 42.6% from the prior year.
Seachange Intl Inc generated -$2.1M in free cash flow in fiscal year 2023, representing cash available after capex. This represents an increase of 78.4% from the prior year.
Seachange Intl Inc reported -$11.4M in net income in fiscal year 2023. This represents an increase of 47.6% from the prior year.
Seachange Intl Inc earned $-0.23 per diluted share (EPS) in fiscal year 2023. This represents an increase of 60.3% from the prior year.
Seachange Intl Inc held $13.8M in cash against $0 in long-term debt as of fiscal year 2023.
Seachange Intl Inc had 3M shares outstanding in fiscal year 2023. This represents a decrease of 94.8% from the prior year.
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 18.0 percentage points from the prior year.
Seachange Intl Inc's operating margin was -35.9% in fiscal year 2023, reflecting core business profitability. This is up 62.0 percentage points from the prior year.
Seachange Intl Inc's net profit margin was -35.1% in fiscal year 2023, showing the share of revenue converted to profit. This is up 63.8 percentage points from the prior year.
Seachange Intl Inc invested $8.0M in research and development in fiscal year 2023. This represents a decrease of 42.2% from the prior year.
Seachange Intl Inc invested $70K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 78.7% from the prior year.
SEAC Income Statement
| Metric | Q1'24 | Q3'23 | Q2'23 | Q4'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.0M-15.6% | $8.3M+13.2% | $7.3M-14.5% | $8.6M+69.6% | $5.1M-1.4% | $5.1M+3.2% | $5.0M-0.6% | $5.0M |
| Cost of Revenue | $2.8M-9.4% | $3.1M+22.1% | $2.6M-10.8% | $2.9M+29.5% | $2.2M-3.1% | $2.3M+4.7% | $2.2M-31.2% | $3.2M |
| Gross Profit | $4.2M-19.4% | $5.2M+8.3% | $4.8M-16.4% | $5.7M+101.0% | $2.8M0.0% | $2.8M+2.0% | $2.8M+53.0% | $1.8M |
| R&D Expenses | $1.8M-10.7% | $2.0M+2.9% | $2.0M+0.9% | $1.9M-27.3% | $2.7M-18.1% | $3.3M+7.7% | $3.0M-10.0% | $3.4M |
| SG&A Expenses | $2.1M+1.3% | $2.1M-1.1% | $2.1M+12.0% | $1.9M-10.6% | $2.1M-21.7% | $2.7M+2.0% | $2.6M+11.4% | $2.4M |
| Operating Income | -$806K+78.0% | -$3.7M+43.5% | -$6.5M-501.1% | -$1.1M+71.6% | -$3.8M+14.3% | -$4.4M+2.9% | -$4.6M+26.1% | -$6.2M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $49K+1733.3% | -$3K+40.0% | -$5K-106.6% | $76K+323.5% | -$34K-143.0% | $79K+75.6% | $45K+200.0% | -$45K |
| Net Income | -$714K+80.6% | -$3.7M+42.9% | -$6.5M-334.7% | -$1.5M+63.5% | -$4.1M+6.8% | -$4.4M+14.7% | -$5.1M+11.3% | -$5.8M |
| EPS (Diluted) | $-0.28-300.0% | $-0.07+46.2% | $-0.13-550.0% | $-0.02+80.0% | $-0.10+16.7% | $-0.12+14.3% | $-0.14+6.7% | $-0.15 |
SEAC Balance Sheet
| Metric | Q1'24 | Q3'23 | Q2'23 | Q4'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $40.7M+5.6% | $38.6M-12.5% | $44.1M-20.1% | $55.2M-11.0% | $62.0M+23.0% | $50.4M-6.0% | $53.6M-12.1% | $61.0M |
| Current Assets | $33.7M+1.0% | $33.4M-3.2% | $34.5M-8.7% | $37.8M-6.3% | $40.4M+56.0% | $25.9M-6.5% | $27.7M-15.3% | $32.7M |
| Cash & Equivalents | $13.8M-4.9% | $14.5M+1.1% | $14.3M-18.2% | $17.5M-17.6% | $21.3M+263.4% | $5.9M+19.4% | $4.9M-34.0% | $7.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $7.4M+5.0% | $7.0M+5.4% | $6.7M-24.5% | $8.8M+41.1% | $6.2M+3.3% | $6.0M+15.0% | $5.3M-12.5% | $6.0M |
| Goodwill | $9.5M-7.1% | $10.2M+202.5% | $3.4M-66.0% | $9.9M-6.5% | $10.6M-0.1% | $10.6M+3.2% | $10.2M-1.8% | $10.4M |
| Total Liabilities | $10.0M+1.8% | $9.8M-14.9% | $11.5M-9.2% | $12.7M-24.1% | $16.7M-11.5% | $18.9M+2.0% | $18.5M-12.0% | $21.0M |
| Current Liabilities | $9.3M+4.9% | $8.9M-14.7% | $10.4M-6.6% | $11.1M-15.0% | $13.1M+7.5% | $12.2M+1.1% | $12.0M-14.7% | $14.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $30.7M+6.8% | $28.8M-11.7% | $32.6M-23.4% | $42.5M-6.2% | $45.3M+43.7% | $31.5M-10.2% | $35.1M-12.2% | $40.0M |
| Retained Earnings | -$234.7M+0.3% | -$235.5M-1.6% | -$231.9M-4.2% | -$222.4M-1.5% | -$219.1M-1.9% | -$215.0M-2.1% | -$210.6M-2.5% | -$205.5M |
SEAC Cash Flow Statement
| Metric | Q1'24 | Q3'23 | Q2'23 | Q4'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $579K | N/A | N/A | N/A | -$1.8M | N/A | N/A | N/A |
| Capital Expenditures | $15K | N/A | N/A | N/A | $7K | N/A | N/A | N/A |
| Free Cash Flow | -$758K | N/A | N/A | N/A | -$1.8M | N/A | N/A | N/A |
| Investing Cash Flow | -$167K | N/A | N/A | N/A | $245K | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | $17.6M | N/A | N/A | N/A |
| 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 | Q1'24 | Q3'23 | Q2'23 | Q4'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.4%-2.8pp | 62.2%-2.8pp | 65.0%-1.4pp | 66.4%+10.4pp | 56.0%+0.8pp | 55.3%-0.6pp | 55.9%+19.6pp | 36.3% |
| Operating Margin | -11.5%+32.7pp | -44.2%+44.4pp | -88.6%-76.0pp | -12.6%+62.7pp | -75.3%+11.4pp | -86.7%+5.4pp | -92.1%+31.7pp | -123.8% |
| Net Margin | -10.2%+34.2pp | -44.5%+43.6pp | -88.1%-70.8pp | -17.3%+63.2pp | -80.5%+4.7pp | -85.2%+17.8pp | -103.0%+12.4pp | -115.4% |
| Return on Equity | 5.5% | N/A | 0.5% | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -1.8%+7.8pp | -9.6%+5.1pp | -14.6%-11.9pp | -2.7%+3.9pp | -6.6%+2.1pp | -8.7%+0.9pp | -9.5%-0.1pp | -9.5% |
| Current Ratio | 3.63-0.1 | 3.77+0.4 | 3.32-0.1 | 3.40+0.3 | 3.08+1.0 | 2.13-0.2 | 2.30-0.0 | 2.31 |
| Debt-to-Equity | 0.32-0.0 | 0.34-0.0 | 0.35+0.1 | 0.30-0.1 | 0.37-0.2 | 0.60+0.1 | 0.530.0 | 0.53 |
| FCF Margin | -11.3% | N/A | N/A | N/A | -36.2% | N/A | N/A | N/A |
Financial Health Signals
Based on FY2023 annual data. Scores normalized against common benchmarks.
Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.
Operating cash flow vs net income. Above 1.0x = cash-backed earnings.
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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 47.7% 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 47.7% year-over-year, from $22.0M 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 earnings per share (EPS)?
Seachange Intl Inc (SEAC) reported diluted earnings per share of $-0.23 for fiscal year 2023. This represents a 60.3% 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.
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 free cash flow?
Seachange Intl Inc (SEAC) generated -$2.1M in free cash flow during fiscal year 2023. This represents a 78.4% 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 3M 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 6 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.
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.
How financially healthy is Seachange Intl Inc?
Seachange Intl Inc (SEAC) scores 60 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.