SEACHANGE INTERNATIONAL INC SEAC Income Statement

Seachange international inc (SEAC)

Income statement / TTM

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
67,154	64,796	62,863	55,952	62,402	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Products
-	-	-	-	-	-	-	-	-	-	-	16,754	18,205	16,063	18,512	22,932	21,896	26,712	27,828	29,613	31,507	31,049	37,560	44,999	54,749	68,402	69,793	67,155	64,274	60,169	66,223	67,731	73,157	72,047	72,761	0	0	0
Services
-	-	-	-	-	-	-	-	-	-	-	62,138	65,590	71,117	77,454	82,453	85,096	84,362	84,469	84,662	83,928	88,723	90,013	90,105	91,570	86,876	86,963	88,959	92,914	95,768	93,378	93,518	91,635	98,556	106,565	0	0	0
Total revenues
-	-	-	-	-	-	-	-	-	-	-	78,892	83,795	87,180	95,966	105,385	106,992	111,074	112,297	114,275	115,435	119,772	127,573	135,104	146,319	155,278	156,756	156,114	157,188	155,526	154,663	0	-	0	0	-	-	-
Cost of revenue:
Inventory write-down
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-
Cost of revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	67,698	70,261	74,185	73,897	74,173	71,002	0	-	0	0	-	-	-
Total revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Products
-	-	-	-	-	-	-	-	-	-	-	5,433	6,453	5,753	5,457	5,910	6,013	7,423	8,674	8,978	8,845	0	0	0	-	-	13,721	16,558	17,397	17,843	17,573	17,456	20,132	23,197	27,118	0	0	0
Product
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Services
-	-	-	-	-	-	-	-	-	-	-	31,261	35,740	37,179	40,672	43,415	44,159	46,131	47,262	47,880	48,272	50,309	51,695	53,227	55,075	54,348	54,425	53,564	52,162	51,012	49,967	48,144	48,061	54,194	59,354	0	0	0
Provision for loss contract
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	1,100	1,160	1,221	1,283	1,129	998	874	739	832	906	981	1,070	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	-	-	-	-	-	-	-	-
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	-	-	-
Stock-based compensation expense
-	-	-	-	-	-	-	-	-	4	-23	62	132	164	218	0	-	0	0	-	141	191	212	233	250	239	87	94	157	249	423	0	-	0	0	-	-	-
Total cost of revenue
23,652	24,458	26,929	24,620	25,072	25,625	25,368	25,562	26,323	26,722	29,239	33,859	39,490	44,211	56,498	59,513	60,153	63,552	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Gross profit
43,502	40,338	35,934	31,332	37,330	42,767	47,843	52,973	53,944	54,412	48,426	45,033	44,305	42,969	39,468	45,872	46,839	47,456	55,372	56,332	57,107	58,936	65,031	71,006	79,199	87,580	86,495	81,929	83,291	81,873	86,378	91,693	93,285	91,698	92,249	0	0	0
Operating expenses:
Research and development
16,050	16,124	16,818	18,228	19,705	21,674	22,581	23,795	23,444	23,753	25,444	26,772	30,093	31,271	32,219	32,862	33,696	36,616	38,275	40,774	42,169	41,379	41,659	40,893	39,657	40,225	39,215	38,586	38,667	37,101	38,417	38,917	39,210	42,128	43,827	0	0	0
Selling and marketing
12,179	12,324	12,630	13,599	14,414	16,719	16,470	14,977	14,247	13,476	13,548	15,538	16,158	15,908	15,885	15,086	15,197	14,674	14,156	14,150	13,920	14,244	14,745	14,854	15,018	14,821	14,732	14,907	15,398	16,389	17,642	18,284	20,757	21,954	23,047	0	0	0
General and administrative
15,211	17,926	18,542	19,295	19,618	19,684	19,671	17,852	16,923	15,189	14,994	15,745	16,173	15,603	15,578	15,654	15,470	15,565	15,758	15,885	16,014	15,849	16,192	16,667	17,618	17,593	17,704	17,761	17,674	19,285	19,101	18,512	18,966	19,538	20,603	0	0	0
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	1,522	1,692	1,913	2,019	2,610	3,108	3,550	4,041	3,762	3,718	3,516	4,084	4,174	4,022	4,034	3,361	3,587	3,714	3,824	3,966	0	0	0	-	3,668	3,558	0	0	0
Stock-based compensation expense
-	-	-	-	-	-	-	-	-	3,028	3,123	3,324	2,489	2,214	2,527	2,801	3,472	3,575	3,607	3,231	3,079	2,922	2,374	2,209	2,709	3,651	4,580	5,920	5,772	5,233	4,433	0	-	0	0	-	-	-
Change in fair value of earn-outs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	0	-	-	-	-	-60	4	0	0	-	0	-	-	-	-	-	-	-	-
Professional fees - other
-	-	-	-	-	-	-	-	-	40	64	236	347	820	797	641	637	339	462	697	671	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Severance and restructuring costs
3,523	3,913	2,661	2,538	2,381	2,690	2,620	2,647	4,740	4,830	6,243	7,523	7,151	6,026	3,850	2,624	1,061	2,771	3,760	3,361	3,623	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loss on impairment of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earn-outs and change in fair value of earn-outs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	-	-	-
Professional fees - other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	2,042	2,724	0	-	0	0	-	-	-
Acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Severance and other restructuring costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	2,912	1,663	0	-	0	0	-	0	-
Total operating expenses
52,386	67,302	67,666	70,675	73,133	57,447	59,088	58,031	59,354	85,511	88,880	95,072	98,451	94,789	94,694	94,180	95,038	78,777	80,719	82,116	83,560	81,002	80,701	80,954	80,828	83,393	84,442	87,920	88,637	94,572	96,734	93,763	94,955	94,466	95,530	0	0	0
Loss from operations
-8,884	-26,964	-31,732	-39,343	-35,803	-14,680	-11,245	-5,058	-5,410	-31,099	-40,454	-50,039	-54,146	-51,820	-55,226	-48,308	-48,199	-31,321	-25,347	-25,784	-26,453	-22,066	-15,670	-9,948	-1,629	4,187	2,053	-5,991	-5,346	-12,699	-10,356	-2,070	-1,670	-2,768	-3,281	0	0	0
Other income (expense), net
11	-1,349	-3,275	-5,159	-4,217	769	2,870	5,421	6,636	-1,223	-1,304	-2,528	-1,972	87	192	628	-523	-1,957	-2,671	-2,805	-2,161	137	635	656	-224	-949	-434	-596	-86	-214	-678	-106	6	406	672	0	0	0
Loss of investment in affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	885	0	0	0	-	0	0	-	-	-
Loss before income taxes
-8,873	-28,313	-35,007	-44,502	-40,020	-13,911	-8,375	363	1,226	-32,822	-42,258	-53,067	-56,618	-51,764	-55,065	-47,711	-48,753	-33,278	-28,018	-28,589	-28,614	-22,292	-15,398	-9,655	-2,216	3,309	1,690	-6,516	-4,547	-12,099	-10,220	-1,362	-1,664	-2,362	-2,609	0	0	0
Income tax provision (benefit)
48	189	-533	-1,122	-2,018	-16,151	-14,222	-13,035	-12,272	1,674	100	14,646	14,631	14,389	13,581	-922	-1,029	-1,694	-814	-725	-1,106	424	349	62	55	-1,573	-2,032	-1,797	-1,555	1,699	2,213	2,008	1,881	1,358	-1,575	0	0	0
Equity income in earnings of affiliates, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27	27	17	17	19	19	43	43	44	93	0	0	-	0	-	-	-	-	-	0	0	0
Equity income in earnings of affiliates, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	-	-	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-2,227	5,044	3,909	-4,532	-2,799	-7,614	-6,311	0	-	0	0	-	-	-
Loss on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,073	0	0	0	-	-	-	-	-	-
Income (loss) on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	37	-2,293	-2,405	-3,192	-2,924	-611	0	0	0	-	-
(Loss) income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Net loss
-8,921	-28,502	-34,474	-43,380	-38,002	2,240	5,847	13,398	13,498	-34,496	-42,358	-67,713	-71,249	-66,153	-68,636	-46,779	-47,697	-31,557	-27,301	-27,842	-27,484	-22,751	-15,865	-10,512	-3,030	4,913	4,210	-1,573	-19,165	-30,526	-29,992	-23,207	-4,014	-4,404	-1,278	0	0	0
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	-
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
-8,921	-28,502	-34,474	-43,380	-38,002	2,240	5,847	13,398	13,498	-34,496	-42,358	-67,713	-71,249	-66,153	-68,636	-46,779	-47,697	-31,557	-27,301	-27,842	-27,484	-22,751	-15,865	-10,512	-3,030	4,913	4,210	-1,573	-19,165	-30,526	-29,992	-23,207	-4,014	-4,404	-1,278	0	0	0
Other comprehensive income, net of tax:
Foreign currency translation adjustment
1,212	1,037	1,901	2,624	1,992	2,427	1,425	652	-3	1,507	967	580	1,267	-653	80	37	-847	-2,596	-4,186	-4,444	-3,647	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency translation adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1,324	192	-4,280	-872	0	0	0	-	-
Unrealized gains on marketable securities
44	155	127	113	49	-58	-73	-81	-60	-40	-48	-42	-25	8	21	9	-12	9	22	8	25	-11	-15	-10	-12	-3	-15	10	-6	-20	-31	-71	-84	0	0	0	-	-
Total other comprehensive income
1,256	1,192	2,028	2,737	2,041	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive loss
-7,665	-27,310	-32,446	-40,643	-35,961	4,609	7,199	13,969	13,435	-33,029	-41,439	-67,175	-70,007	-66,798	-68,535	-46,733	-48,556	-34,144	-31,465	-32,278	-31,106	-25,144	-15,571	-9,256	-3,336	214	-4,041	0	-	0	0	-	-	-	-	0	-	-
Product [Member]
Total revenue
39,914	34,505	29,249	18,743	20,655	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
6,179	5,335	6,592	4,043	3,460	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service [Member]
Total revenue
27,240	30,291	33,614	37,209	41,747	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
17,473	19,123	20,337	20,577	21,612	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-