SEACHANGE INTERNATIONAL INC SEAC Income Statement

Seachange international inc (SEAC)

Income statement / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Oct'10	Jul'10
Revenue:
Total revenue
19,313	20,544	18,812	8,485	16,955	18,611	11,901	14,935	-	23,430	17,225	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Products
-	-	-	-	-	-	-	-	-	-	-	2,749	7,724	3,746	2,535	4,200	5,582	6,195	6,955	3,164	10,398	7,311	8,740	5,058	9,940	13,822	16,179	14,808	23,593	15,213	13,541	11,927	19,488	21,267	15,049	17,353	18,378	21,981
Services
-	-	-	-	-	-	-	-	-	-	-	13,918	16,088	16,215	15,917	17,370	21,615	22,552	20,916	20,013	20,881	22,659	21,109	19,279	25,676	23,949	21,201	20,744	20,982	24,036	23,197	24,699	23,836	21,646	23,337	22,816	30,757	29,655
Total revenues
-	-	-	-	-	-	-	-	-	-	-	16,667	23,812	19,961	18,452	21,570	27,197	28,747	27,871	23,177	31,279	29,970	29,849	24,337	35,616	37,771	37,380	35,552	44,575	39,249	36,738	36,626	-	42,913	38,386	-	-	-
Cost of revenue:
Inventory write-down
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,752	-	-	0	0	-	-	-
Cost of revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,462	13,446	-	16,883	16,018	16,468	18,329	19,446	19,942	16,180	-	18,605	16,275	-	-	-
Total revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,169	49,135	51,636
Products
-	-	-	-	-	-	-	-	-	-	-	554	1,947	1,824	1,108	1,574	1,247	1,528	1,561	1,677	2,657	2,779	1,865	1,544	-	-	1,821	2,658	3,788	5,454	4,658	3,497	4,234	5,184	4,541	6,173	7,299	9,105
Product
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,016	-	-	-	-	-	-	-	-	-	-	-	-
Services
-	-	-	-	-	-	-	-	-	-	-	5,980	8,891	7,470	8,920	10,459	10,330	10,963	11,663	11,203	12,302	12,094	12,281	11,595	14,339	13,480	13,813	13,443	13,612	13,557	12,952	12,041	12,462	12,512	11,129	11,958	18,595	17,672
Provision for loss contract
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,162	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	255	255	254	336	315	316	316	182	184	192	181	275	258	267	270	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	320	314	313	-	520	-	-	-	-	-	-	-	-
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	503	525	-	769	516	-	-	-
Stock-based compensation expense
-	-	-	-	-	-	-	-	-	1	0	2	1	-26	85	72	-	33	28	-	9	46	49	37	59	67	70	54	48	-85	77	117	-	140	89	-	-	-
Total cost of revenue
5,299	4,852	7,924	5,577	6,105	7,323	5,615	6,029	6,658	7,066	5,809	6,790	7,057	9,583	10,429	12,421	11,778	21,870	13,444	13,061	-	15,177	-	-	-	-	-	-	-	-	-	-	-	-	-	18,131	25,894	26,777
Gross profit
14,014	15,692	10,888	2,908	10,850	11,288	6,286	8,906	16,287	16,364	11,416	9,877	16,755	10,378	8,023	9,149	15,419	6,877	14,427	10,116	16,036	14,793	15,387	10,891	17,865	20,888	21,362	19,084	26,246	19,803	16,796	20,446	24,828	24,308	22,111	22,038	23,241	24,859
Operating expenses:
Research and development
3,990	4,033	3,775	4,252	4,064	4,727	5,185	5,729	6,033	5,634	6,399	5,378	6,342	7,325	7,727	8,699	7,520	8,273	8,370	9,533	10,440	9,932	10,869	10,928	9,650	10,212	10,103	9,692	10,218	9,202	9,474	9,773	8,652	10,518	9,974	10,066	11,570	12,217
Selling and marketing
2,505	3,859	2,963	2,852	2,650	4,165	3,932	3,667	4,955	3,916	2,439	2,937	4,184	3,988	4,429	3,557	3,934	3,965	3,630	3,668	3,411	3,447	3,624	3,438	3,735	3,948	3,733	3,602	3,538	3,859	3,908	4,093	4,529	5,112	4,550	6,566	5,726	6,205
General and administrative
3,547	3,265	4,150	4,249	6,262	3,881	4,903	4,572	6,328	3,868	3,084	3,643	4,594	3,673	3,835	4,071	4,024	3,648	3,911	3,887	4,119	3,841	4,038	4,016	3,954	4,184	4,513	4,967	3,929	4,295	4,570	4,880	5,540	4,111	3,981	5,334	6,112	5,176
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	370	361	344	447	540	582	450	1,038	1,038	1,024	941	759	994	822	1,509	849	842	834	836	1,075	969	944	978	-	948	1,125	790	805	838
Stock-based compensation expense
-	-	-	-	-	-	-	-	-	696	653	875	804	791	854	40	529	1,104	1,128	711	632	1,136	752	559	475	588	587	1,059	1,417	1,517	1,927	911	-	878	717	-	-	-
Change in fair value of earn-outs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	249	-	-	492	481	502	-	-	-	-	0	-94	14	20	-	64	-	-	-	-	-	-	-	-
Professional fees - other
-	-	-	-	-	-	-	-	-	0	0	21	19	24	172	132	492	1	16	128	194	124	251	102	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Severance and restructuring costs
371	2,282	659	211	761	1,030	536	54	1,070	960	563	2,147	1,160	2,373	1,843	1,775	35	197	617	212	1,745	1,186	218	474	-	-	-	-	-	-	-	-	-	-	-	-	-	198
Loss on impairment of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earn-outs and change in fair value of earn-outs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,543	60	-	1,412	52	-	-	-
Professional fees - other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	603	426	495	-	26	469	950	-	597	708	-	-	-
Acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53	105	-
Severance and other restructuring costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	76	617	229	-	1,476	1,470	-28	-	-6	227	-	2,435	-
Total operating expenses
15,836	13,439	11,547	11,564	30,752	13,803	14,556	14,022	15,066	15,444	13,499	15,345	41,223	18,813	19,691	18,724	37,561	18,718	19,177	19,582	21,300	20,660	20,574	21,026	18,742	20,359	20,827	20,900	21,307	21,408	24,305	21,617	27,242	23,570	21,334	22,809	26,753	24,634
Loss from operations
-1,822	2,253	-659	-8,656	-19,902	-2,515	-8,270	-5,116	1,221	920	-2,083	-5,468	-24,468	-8,435	-11,668	-9,575	-22,142	-11,841	-4,750	-9,466	-5,264	-5,867	-5,187	-10,135	-877	529	535	-1,816	4,939	-1,605	-7,509	-1,171	-2,414	738	777	-771	-3,512	225
Other income (expense), net
2,041	-161	-78	-1,791	681	-2,087	-1,962	-849	5,667	14	589	366	-2,192	-67	-635	922	-133	38	-199	-229	-1,567	-676	-333	415	731	-178	-312	-465	6	337	-474	45	-122	-127	98	157	278	139
Loss of investment in affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71	0	0	814	-	0	0	-	-	-
Loss before income taxes
219	2,092	-737	-10,447	-19,221	-4,602	-10,232	-5,965	6,888	934	-1,494	-5,102	-27,160	-8,502	-12,303	-8,653	-22,306	-11,803	-4,949	-9,695	-6,831	-6,543	-5,520	-9,720	-509	351	223	-2,281	5,016	-1,268	-7,983	-312	-2,536	611	875	-614	-3,234	364
Income tax provision (benefit)
262	-53	-563	402	403	-775	-1,152	-494	-13,730	1,154	35	269	216	-420	14,581	254	-26	-1,228	78	147	-691	-348	167	-234	839	-423	-120	-241	-789	-882	115	1	2,465	-368	-90	-126	1,942	-3,301
Equity income in earnings of affiliates, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10	0	17	0	0	0	19	0	24	0	20	-	49	-	-	-	-	-	86	-39	-131
Equity income in earnings of affiliates, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	26	-	129	1	-	-	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,195	-5,687	-	-1,348	798	343	-2,020	5,923	-337	-8,098	-287	-	1,108	966	-	-	-
Loss on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	251	124	2,547	-16,995	-	-	-	-	-	-
Income (loss) on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-402	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-114	119	-	-	-	-	35	362	87	-447	-2,295	250	-700	-179	18	-	-
(Loss) income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-221	-558	-	-	-	-	-	-	-	-	-	-	-
Net loss
-43	2,145	-174	-10,849	-19,624	-3,827	-9,080	-5,471	20,618	-220	-1,529	-5,371	-27,376	-8,082	-26,884	-8,907	-22,280	-10,565	-5,027	-9,825	-6,140	-6,309	-5,568	-9,467	-1,407	577	-215	-1,985	6,536	-126	-5,998	-19,577	-4,825	408	787	-384	-5,215	3,534
Net loss per share, basic and diluted
-	-	0.00	-0.30	-	-	-0.26	-0.15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average common shares outstanding, basic and diluted
-	-	36,602	36,461	-	-	35,649	35,608	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17,955	-	708	-188	-	-	-
Net loss per share, basic
-	0.06	-	-	-	-0.11	-	-	0.58	0.00	-0.05	-0.15	-0.78	-0.23	-0.77	-0.26	-0.66	-0.31	-0.16	-0.29	-0.19	-0.19	-0.17	-0.29	-0.04	0.02	-0.01	-0.06	0.19	0.00	-0.18	-0.60	-0.15	0.01	0.02	-0.01	-0.17	0.11
Net loss per share, diluted
-	0.06	-	-	-	-0.11	-	-	0.58	0.00	-0.05	-0.15	-0.78	-0.23	-0.77	-0.26	-0.66	-0.31	-0.16	-0.29	-0.19	-0.19	-0.17	-0.29	-0.04	0.02	-0.01	-0.06	0.19	0.00	-0.18	-0.60	-0.15	0.01	0.02	-0.01	-0.17	0.11
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.19	-0.17	-	-0.04	0.02	0.01	-0.06	0.18	-0.01	-0.25	-0.01	-0.16	0.03	0.03	-0.01	-	-
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.19	-0.17	-	-0.04	0.02	0.01	-0.06	0.18	-0.01	-0.25	-0.01	-0.16	0.03	0.03	-0.01	-	-
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	0.00	0.00	-0.02	0.00	0.01	0.01	0.07	-0.59	0.01	-0.02	-0.01	0.00	-	-
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	0.00	0.00	-0.02	0.00	0.01	0.01	0.07	-0.59	0.01	-0.02	-0.01	0.00	-	-
Weighted average common shares outstanding, basic
-	36,751	-	-	-	35,747	-	-	35,509	35,479	35,351	35,309	35,225	35,186	35,115	34,354	33,710	33,636	33,350	33,328	32,669	32,628	32,806	32,985	32,962	32,813	32,584	32,513	64,840	32,474	32,629	32	96,373	32	32	31,934	31,496	31,456
Weighted average common shares outstanding, diluted
-	37,752	-	-	-	35,747	-	-	36,601	35,479	35,351	35,309	35,225	35,186	35,115	34,354	33,710	33,636	33,350	33,328	32,669	32,628	32,806	32,985	32,180	33,595	32,584	32,513	64,840	32,474	32,629	32	96,372	32	32	31,934	31,496	32,018
Comprehensive loss:
Net loss
-43	2,145	-174	-10,849	-19,624	-3,827	-9,080	-5,471	20,618	-220	-1,529	-5,371	-27,376	-8,082	-26,884	-8,907	-22,280	-10,565	-5,027	-9,825	-6,140	-6,309	-5,568	-9,467	-1,407	577	-215	-1,985	6,536	-126	-5,998	-19,577	-4,825	408	787	-384	-5,215	3,534
Other comprehensive income, net of tax:
Foreign currency translation adjustment
-187	59	133	1,207	-362	923	856	575	73	-79	83	-80	1,583	-619	-304	607	-337	114	-347	-277	-2,086	-1,476	-605	520	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency translation adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,215	352	-1,040	-	1,453	3,524	1,635	-5,288	321	-948	5,043	-	-
Unrealized gains on marketable securities
-47	31	25	35	64	3	11	-29	-43	-12	3	-8	-23	-20	9	9	10	-7	-3	-12	31	6	-17	5	-5	2	-12	3	4	-10	13	-13	-10	-21	-27	-26	-	-
Total other comprehensive income
-234	90	158	1,242	-298	926	867	546	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive loss
-277	2,235	-16	-9,607	-19,922	-2,901	-8,213	-4,925	20,648	-311	-1,443	-5,459	-25,816	-8,721	-27,179	-8,291	-22,607	-10,458	-5,377	-10,114	-8,195	-7,779	-6,190	-8,942	-2,233	1,794	125	-3,022	-	1,317	-2,461	-	-	-	-	4,633	-	-
Product [Member]
Total revenue
13,243	13,524	11,968	1,179	7,834	8,268	1,462	3,091	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
1,765	466	3,039	909	921	1,723	490	326	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service [Member]
Total revenue
6,070	7,020	6,844	7,306	9,121	10,343	10,439	11,844	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
3,534	4,386	4,885	4,668	5,184	5,600	5,125	5,703	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-