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SEACHANGE INTL INC (SEAC) Financials

SEAC
FY2023 annual
Revenue $32.5M +19.0% YoY
Net Income -$11.4M -53.5% YoY
EPS (Diluted) -$0.23 -43.8% YoY
Free Cash Flow -$2.1M +61.2% YoY
Market Cap $11.0M as of Oct 13, 2026
Price / Sales 0.3x on $32.8M revenue, trailing 12 months to April 30, 2023
Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to April 30, 2023
Price / Book 0.4x on $30.7M equity, Q1 FY2024

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2024, ended Apr 30, 2023 Reported Currency USD FYE January

Newest figures come from the 10-Q for Q1 FY2024, filed Jun 12, 2023. Each column of the statement tables below links to the filing it was taken from.

SEACHANGE INTL INC (SEAC) reported $32.5M in revenue for fiscal year 2023, up 19.0% from the prior fiscal year. This page shows its 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).

Rhea AI SEAC FY2023

SeaChange’s margin recovery improved gross economics, but operating costs still overwhelm gross profit and leave the business unprofitable.

From FY2021 through FY2023, revenue recovered while gross margin rose from 45.1% to 63.2%; the improvement therefore included better revenue economics, not just more volume. In FY2023, net loss was $11.4M versus operating cash flow of -$2.0M, indicating the reported loss included substantial noncash or timing effects rather than an equivalent cash outflow.

FY2023 liabilities were $11.4M against $42.7M of assets, leaving liabilities well below the asset base. A 3.3x current ratio and 0.4x debt-to-equity ratio describe more liquidity than leverage pressure.

FY2023 free cash flow was -$2.1M, nearly matching operating cash flow of -$2.0M. With capital expenditures at $70K, the cash shortfall reflects operating economics rather than heavy reinvestment.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

SEACHANGE INTL INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress
-6.55

SEACHANGE INTL INC scores -6.55, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($11.0M) relative to total liabilities ($11.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
3/8

SEACHANGE INTL INC passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality No Cash Backing
N/A

SEACHANGE INTL INC reported a net loss of $11.4M while operations used $2.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue
$7.0M
YoY+4.0%
QoQ-31.2%
5Y CAGR-14.1%
10Y CAGR-15.0%

SEACHANGE INTL INC generated $7.0M in revenue in Q1 2024. This represents an increase of 4.0% from the same quarter a year earlier. Against the prior quarter it is down 31.2%.

EBITDA
-$742K
YoY+72.2%
QoQ-156.8%

SEACHANGE INTL INC's EBITDA was -$742K in Q1 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 72.2% from the same quarter a year earlier. Against the prior quarter it is down 156.8%.

Net Income
-$714K
YoY+76.2%
QoQ-141.3%

SEACHANGE INTL INC reported -$714K in net income in Q1 2024. This represents an increase of 76.2% from the same quarter a year earlier. Against the prior quarter it is down 141.3%.

EPS (Diluted)
-$0.28

SEACHANGE INTL INC earned -$0.28 per diluted share (EPS) in Q1 2024.

Cash & Balance Sheet

Cash & Debt
$13.8M
YoY-16.2%
QoQ+2.8%
5Y CAGR-18.7%
10Y CAGR-18.7%

SEACHANGE INTL INC held $13.8M in cash as of Q1 2024; long-term debt is not reported for that period.

Shares Outstanding
3M
5Y CAGR-40.8%
10Y CAGR-22.4%

SEACHANGE INTL INC had 3M shares outstanding in Q1 2024.

Free Cash Flow

Not reported for Q1 2024.

Dividends Per Share

Not reported for Q1 2024.

Margins & Returns

Gross Margin
59.4%
YoY+11.5pp
QoQ-13.4pp
5Y change-0.2pp
10Y change+5.7pp

SEACHANGE INTL INC's gross margin was 59.4% in Q1 2024, indicating the percentage of revenue retained after direct costs. This is up 11.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 13.4 percentage points.

Operating Margin
-11.5%
YoY+29.2pp
QoQ-23.7pp
5Y change+22.7pp

SEACHANGE INTL INC's operating margin was -11.5% in Q1 2024, reflecting core business profitability. This is up 29.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 23.7 percentage points.

Net Margin
-10.2%
YoY+34.4pp
QoQ-27.2pp
5Y change+26.4pp
10Y change-4.6pp

SEACHANGE INTL INC's net profit margin was -10.2% in Q1 2024, showing the share of revenue converted to profit. This is up 34.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 27.2 percentage points.

Return on Equity
-2.3%
YoY+5.3pp
QoQ-7.8pp
5Y change+4.2pp
10Y change-1.3pp

SEACHANGE INTL INC's ROE was -2.3% in Q1 2024, measuring profit generated per dollar of shareholder equity. This is up 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.8 percentage points.

Capital Allocation

R&D Spending
$1.8M
YoY+5.3%
QoQ-22.3%
5Y CAGR-20.7%

SEACHANGE INTL INC invested $1.8M in research and development in Q1 2024. This represents an increase of 5.3% from the same quarter a year earlier. Against the prior quarter it is down 22.3%.

Share Buybacks

Not reported for Q1 2024.

Capital Expenditures

Not reported for Q1 2024.

SEAC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SEAC quarterly income statement
MetricQ1'2410-QQ4'2310-QQ3'2310-QQ2'2310-QQ1'2310-QQ4'2210-KQ3'2210-QQ2'2210-Q
Revenue$7.0M+4.0%$10.2M+18.6%$8.3M+15.9%$7.3M+12.0%$6.7M+33.1%$8.6M+67.2%$7.2M+44.0%$6.5M+30.9%
Cost of Revenue$2.8M-19.0%$2.8M-3.9%$3.1M-8.9%$2.6M+5.9%$3.5M+57.7%$2.9M+25.5%$3.4M+57.0%$2.4M-23.8%
Gross Profit$4.2M+29.0%$7.4M+29.9%$5.2M+38.9%$4.8M+15.6%$3.2M+13.7%$5.7M+101.0%$3.7M+33.7%$4.1M+127.0%
R&D Expenses$1.8M+5.3%$2.3M+19.2%$2.0M-3.7%$2.0M-11.6%$1.7M-36.0%$1.9M-40.5%$2.1M-30.9%$2.2M-34.1%
SG&A Expenses$2.1M-7.6%$2.6M+36.9%$2.1M-1.2%$2.1M-21.4%$2.3M+8.6%$1.9M-30.0%$2.1M-20.0%$2.7M+13.3%
Operating Income-$806K+70.5%$1.2M+214.8%-$3.7M-82.3%-$6.5M-158.9%-$2.7M+28.1%-$1.1M+75.7%-$2.0M+56.0%-$2.5M+59.4%
EBITDA-$742K+72.2%$1.3M+278.6%-$3.6M-116.9%-$6.4M-199.0%-$2.7M+22.2%-$732K+81.1%-$1.7M+60.3%-$2.1M+63.0%
Income Tax$49K+4800.0%-$189K-348.7%-$3K-111.5%-$5K+94.0%$1K+102.9%$76K-3.8%$26K-42.2%-$83K-84.4%
Net Income-$714K+76.2%$1.7M+216.4%-$3.7M-75.0%-$6.5M-2941.9%-$3.0M+26.4%-$1.5M+66.0%-$2.1M+58.9%$227K+103.9%
EPS (Basic)-$0.28+76.9%$0.03+200.0%-$0.07-75.0%-$0.13-$1.21-1110.0%-$0.03+75.0%-$0.04+71.4%$0.00+100.0%
EPS (Diluted)-$0.28$0.03+200.0%-$0.07-75.0%-$0.13-$1.21-$0.03+75.0%-$0.04+71.4%$0.00+100.0%
Diluted Shares (Avg)3MN/A50M+2.6%49M+1.5%2MN/A49M+30.6%49M+29.8%

Not reported in any period shown, so not listed: Interest Expense.

SEAC Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SEAC quarterly balance sheet
MetricQ1'2410-QQ4'2310-QQ3'2310-QQ2'2310-QQ1'2310-QQ4'2210-KQ3'2210-QQ2'2210-Q
Total Assets$40.7M-21.5%$42.7M-22.7%$38.6M-29.3%$44.1M-23.8%$51.9M-16.4%$55.2M+9.5%$54.5M+1.7%$57.8M-5.2%
Current Assets$33.7M-7.2%$35.1M-7.2%$33.4M-5.1%$34.5M-6.8%$36.4M-9.9%$37.8M+46.1%$35.2M+27.1%$37.0M+13.4%
Cash & Equivalents$13.8M-16.2%$13.4M-23.5%$14.5M-17.4%$14.3M-24.3%$16.5M-22.6%$17.5M+199.3%$17.6M+257.9%$18.9M+154.9%
Short-Term Investments$1.4M$1.2M$0$0$0$0-100.0%$0-100.0%$0-100.0%
Accounts Receivable$7.4M+1.2%$10.4M+17.7%$7.0M+30.5%$6.7M+19.7%$7.3M+16.4%$8.8M+45.8%$5.4M+2.2%$5.6M-7.5%
Long-Term Investments$0$0$0$0$0$0$0$0
GoodwillN/AN/AN/A$3.4M-67.6%$9.5M-10.5%$9.9M-6.6%$10.2M-0.7%$10.4M-0.5%
Total Liabilities$10.0M-21.1%$11.4M-9.7%$9.8M-8.1%$11.5M-2.6%$12.6M-24.3%$12.7M-32.8%$10.7M-42.4%$11.8M-43.7%
Current Liabilities$9.3M-17.2%$10.5M-5.4%$8.9M+7.9%$10.4M+14.4%$11.2M-14.2%$11.1M-8.7%$8.2M-31.8%$9.1M-35.7%
Non-Current Liabilities$682K-51.5%$922K-40.4%$935K-61.7%$1.1M-59.0%$1.4M-61.0%$1.5M-76.9%$2.4M-62.2%$2.7M-60.2%
Total Equity$30.7M-21.7%$31.2M-26.6%$28.8M-34.4%$32.6M-29.2%$39.2M-13.4%$42.5M+34.8%$43.9M+24.9%$46.0M+15.1%
Retained Earnings-$234.7M-4.1%-$233.8M-5.1%-$235.5M-6.6%-$231.9M-6.0%-$225.4M-2.9%-$222.4M-3.5%-$220.9M-4.9%-$218.8M-6.5%

Not reported in any period shown, so not listed: Inventory, Long-Term Debt.

SEAC Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SEAC quarterly cash flow statement
MetricQ1'2410-QQ4'2310-QQ3'2310-QQ2'2310-QQ1'2310-QQ4'2210-KQ3'2210-QQ2'2210-Q
Operating Cash Flow$579K+177.9%$100K-86.7%$482K+141.3%-$1.9M+26.0%-$743K+59.2%$753K+2314.7%-$1.2M+69.1%-$2.5M-95.9%
Depreciation & Amortization$64K-4.5%$67K-79.8%$54K-84.4%$66K-81.6%$67K-82.2%$331K-41.1%$346K-8.7%$359K-2.7%
Stock-Based Compensation$361K+27.1%N/A$177K-35.4%$250K-70.0%$284K+36.5%N/A$274K-37.3%$833K+220.4%
Capital ExpendituresN/A-$54K-90.5%$104K+10300.0%$5K-92.9%$15K+114.3%$568K+3241.2%$1K-99.1%$70K+9.4%
Free Cash FlowN/A$46K-75.1%$378K+132.4%-$1.9M+27.8%-$758K+58.5%$185K+462.7%-$1.2M+69.9%-$2.6M-91.8%
Investing Cash Flow-$167K-1013.3%-$1.2M-113.2%-$104K-10300.0%-$5K+92.9%-$15K-106.1%-$568K-174.5%-$1K-100.1%-$70K-105.8%
Financing Cash FlowN/A$0-100.0%$0N/AN/A$24K$0$0-100.0%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

SEAC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SEAC quarterly financial ratios
MetricQ1'2410-QQ4'2310-QQ3'2310-QQ2'2310-QQ1'2310-QQ4'2210-KQ3'2210-QQ2'2210-Q
Gross Margin59.4%+11.5pp72.8%+6.3pp62.2%+10.3pp65.0%+2.0pp47.9%-8.1pp66.4%+11.2pp51.9%-4.0pp62.9%+26.6pp
Operating Margin-11.5%+29.2pp12.2%+24.8pp-44.2%-16.1pp-88.6%-50.3pp-40.7%+34.6pp-12.6%+74.1pp-28.1%+64.0pp-38.4%
Net Margin-10.2%+34.4pp17.0%+34.3pp-44.5%-15.0pp-88.1%-91.5pp-44.6%+36.0pp-17.3%+67.9pp-29.4%3.5%
Return on Equity-2.3%+5.3pp5.5%+9.0pp-12.8%-8.0pp-19.8%-20.3pp-7.6%+1.3pp-3.5%+10.4pp-4.8%+9.8pp0.5%+14.9pp
Return on Assets-1.8%+4.0pp4.0%+6.7pp-9.6%-5.7pp-14.6%-15.0pp-5.8%+0.8pp-2.7%+6.0pp-3.9%+5.7pp0.4%+9.8pp
Current Ratio3.63+0.4x3.34-0.1x3.77-0.5x3.32-0.8x3.24+0.2x3.40+1.3x4.28+2.0x4.08+1.8x
Debt-to-Equity0.320.0x0.37+0.1x0.34+0.1x0.35+0.1x0.320.0x0.30-0.3x0.24-0.3x0.26-0.3x
Asset Turnover0.170.0x0.24+0.1x0.21+0.1x0.17+0.1x0.130.0x0.16+0.1x0.130.0x0.110.0x
FCF MarginN/A0.4%-1.7pp4.6%+20.9pp-25.4%+14.1pp-11.3%+24.9pp2.2%+3.2pp-16.3%+61.9pp-39.5%-12.5pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
SEACHANGE INTL INC SEAC FY2023 $32.5M -$11.4M -35.1% $11.0M —
MOBIVITY HOLDINGS CORP MFON FY2024 $1.1M -$10.2M N/A $3.0M —
FALCONSTOR SOFTWARE FALC FY2022 $10.1M -$1.8M -17.9% $9.7M —
WEBSTAR TECHNOLOGY GROUP WBSR FY2025 N/A -$1.2M N/A $4.3M —

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 19.0% 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%.

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

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.

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.

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.

SEACHANGE INTL INC (SEAC) has a return on equity of -36.5% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.

SEACHANGE INTL INC (SEAC) recorded an outflow of $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.

SEACHANGE INTL INC (SEAC) recorded an outflow of $2.0M in operating cash flow during fiscal year 2023, representing cash used by core business activities.

SEACHANGE INTL INC (SEAC) had $42.7M in total assets as of fiscal year 2023, including both current and long-term assets.

SEACHANGE INTL INC (SEAC) invested $70K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

SEACHANGE INTL INC (SEAC) invested $8.0M in research and development during fiscal year 2023.

SEACHANGE INTL INC (SEAC) had 50M shares outstanding as of fiscal year 2023.

SEACHANGE INTL INC (SEAC) had a current ratio of 3.34 as of fiscal year 2023, which is generally considered healthy.

SEACHANGE INTL INC (SEAC) had a debt-to-equity ratio of 0.37 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

SEACHANGE INTL INC (SEAC) had a return on assets of -26.7% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

SEACHANGE INTL INC (SEAC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to April 30, 2023). The market capitalization is $11.0M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

SEACHANGE INTL INC (SEAC) trades at 0.3x sales, its market capitalization divided by revenue of $32.8M revenue, trailing 12 months to April 30, 2023. The market capitalization is $11.0M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

At the end of fiscal year 2023, SEACHANGE INTL INC (SEAC) held $14.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $2.0M over that year. Dividing the one by the other, the reported balance equals about 87 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

SEACHANGE INTL INC (SEAC) has an Altman Z-Score of -6.55, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

SEACHANGE INTL INC (SEAC) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

SEACHANGE INTL INC (SEAC) reported a net loss of $11.4M while operations used $2.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.

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