SeaChange International, Inc. (SEAC) financial statements (2023 and earlier)

Company profile

Business Address 177 HUNTINGTON AVENUE, SUITE 1703
BOSTON, MA 02115-3153
State of Incorp. DE
Fiscal Year End January 31
SIC 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 6,10812,84824,33747,64333,55560,237
Cash and cash equivalents 5,8569,01320,31743,65228,30258,733
Short-term investments 2523,8354,0203,9915,2531,504
Restricted cash and investments 228284 910982
Receivables 15,40926,4064,8713,0855,67710,265
Inventory, net of allowances, customer advances and progress billings   9246667701,682
Inventory   9246667701,682
Other undisclosed current assets 4,1445,11225,87726,11029,25430,573
Total current assets: 25,88944,65056,00977,51369,365102,839
Noncurrent Assets
Operating lease, right-of-use asset 4,9684,860
Property, plant and equipment 6055547,1929,47111,48514,129
Long-term investments and receivables  7826,3394,4496,99113,264
Long-term investments  7826,3394,4496,99113,264
Intangible assets, net (including goodwill) 11,84912,0758,75326,88225,89044,301
Goodwill 10,5779,7758,75325,57923,28740,175
Intangible assets, net (excluding goodwill) 1,2722,300 1,3032,6034,126
Other noncurrent assets 7579384501,0152,3363,136
Other undisclosed noncurrent assets 6,3409,031    
Total noncurrent assets: 24,51928,24022,73441,81746,70274,830
TOTAL ASSETS: 50,40872,89078,743119,330116,067177,669
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 6,10211,99312,26517,81014,90623,546
Accounts payable 1,8254,0074,5032,4314,9786,132
Accrued liabilities 4,2777,9867,76215,3799,92817,414
Deferred revenue 4,7375,041
Debt 1,340     
Deferred compensation liability      3,205
Deferred revenue and credits11,59812,51716,201
Other undisclosed current liabilities   8,104   
Total current liabilities: 12,17917,03420,36929,40827,42342,952
Noncurrent Liabilities
Long-term debt and lease obligation 4,0704,348    
Operating lease, liability 4,0704,348
Liabilities, other than long-term debt 1,4201,5766324,20219,1083,699
Deferred revenue and credits2,8352,4191,209
Accounts payable and accrued liabilities 7634364291,1521,4271,389
Deferred revenue 6571,140
Deferred tax liabilities, net20321514,732 
Other liabilities     5301,101
Other undisclosed noncurrent liabilities 1,198 2,642   
Total noncurrent liabilities: 6,6885,9243,2744,20219,1083,699
Total liabilities: 18,86722,95823,64333,61046,53146,651
Stockholders' equity
Stockholders' equity attributable to parent 31,54149,93255,10085,72069,536131,018
Common stock 378373359356353338
Treasury stock, value (227)(147)(5)(5)(5)(2)
Additional paid in capital 246,446245,067242,442239,423236,677228,164
Accumulated other comprehensive loss (73)(2,137)(3,393)(5,434)(5,371)(6,613)
Accumulated deficit (214,983)(193,224)(184,303)(148,620)(162,118)(90,869)
Total stockholders' equity: 31,54149,93255,10085,72069,536131,018
TOTAL LIABILITIES AND EQUITY: 50,40872,89078,743119,330116,067177,669

Income statement (P&L) ($ in thousands)

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues 21,99967,15462,40280,26783,795106,992
Revenue, net80,26783,795106,992
Cost of revenue (12,069)(23,652)(25,072)(26,323)(41,615)(60,153)
Cost of goods and services sold    (25,943)(44,318)(50,172)
Gross profit: 9,93043,50237,33053,94442,18046,839
Operating expenses (31,451)(52,386)(73,133)(59,354)(96,326)(95,038)
Operating loss: (21,521)(8,884)(35,803)(5,410)(54,146)(48,199)
Nonoperating income (expense) (180)11(4,217)6,636(2,472)(554)
Investment income, nonoperating    2,555(500)(31)
Other nonoperating income (expense) (180)11(4,217)4,081(1,972)(523)
Income (loss) from continuing operations before equity method investments, income taxes: (21,701)(8,873)(40,020)1,226(56,618)(48,753)
Income from equity method investments      27
Income (loss) from continuing operations before income taxes: (21,701)(8,873)(40,020)1,226(56,618)(48,726)
Income tax expense (benefit) (58)(48)2,01812,272(14,631)1,029
Net income (loss) available to common stockholders, diluted: (21,759)(8,921)(38,002)13,498(71,249)(47,697)

Comprehensive Income ($ in thousands)

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income (loss): (21,759)(8,921)(38,002)13,498(71,249)(47,697)
Other comprehensive income (loss)    (63)1,242(859)
Comprehensive income (loss): (21,759)(8,921)(38,002)13,435(70,007)(48,556)
Other undisclosed comprehensive income, net of tax, attributable to parent 2,0641,2562,041   
Comprehensive income (loss), net of tax, attributable to parent: (19,695)(7,665)(35,961)13,435(70,007)(48,556)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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