At last check, SeaChange International Inc. (SEAC stock) has advanced 13.33% to trade at the price of $1.19 in the after-hours trading session. The SEAC stock completed the previous trading session at $1.05. The company’s shares were in the price range between $1.03 and $1.06. SEAC stock traded 1.24 million shares. In the past week, SEAC stock shed by -6.25% and in the last month shed -8.70%. The current value of SeacChange International Inc. in the market is $51.30 million and has 41.31 million outstanding shares.
What kind of business model does SeaChange International operate?
SeaChange International Inc. is a software application company that specifically focuses on the video and advertising business model. The company provides advertising, and state-of-the-art products and services. The company’s primary product offering is multiscreen video and advertising. Along with the products, SEAC stock also provides licensing, management, marketing and advertising content and consultation, and facilitates aggregation. The proprietary product of the company includes Adrenalin which is a platform based on a multiscreen video back office and efficiently provides a viewing experience from across multiple screens- IP-enabled devices.
SeaChange also provides a video cloud platform which is Over The Top and allows execution of content in various ways across the networks and devices by content creators, owners, media companies, and IP-enabled cable or entertainment services operators. This platform is known as a media maker and allows to ingest, manage, distribute monetized contents.
The company also helps in management between different content networks and devices through its SeaChangeAssetFlow which receives, manages and publishes content for viewing. The company also focuses on advertising platforms to provide multiple mediums for casting the advertisements like multiscreen, OTT, on-demand viewing through its proprietary product called SeaChange Infusion.
Apart from production and management of content, advertisement, and devices, SeaChange offers NitroX which engages in optimal live and on-demand video consumption.
Further, the organization gives proficient maintenance and specialized help in administrations and services along with marketing consultations. The organization has a client base including media communications organizations, and satellite administrators, just as telecasters and other substance suppliers. SeaChange International, Inc. was fused in 1993 and is settled in Waltham, Massachusetts.
The SEAC stock fundamentals are completely solid for the first quarter of fiscal year 2022
SeaChange had released the report for the first fiscal quarter of fiscal year 2022 which ended on 30th April 2021. The financial report showcased a strong balance sheet and executed a roadmap consisting of multi-operational strategies with which it also launched a new product marketing strategy. The SEAC stock has had $21.3 million cash and cash equivalent as of 30th April 2021 and is intending to use the proceeds as capitals costs in increasing the scale, capturing the market share and creating more value for customers and shareholders. Furthermore, SeaChange is also focusing on using cash proceeds for corporate activities and business functions.
SEAC stock has made the business operations more efficient as it also reported a reduced operating expense by 9% in the first fiscal quarter of 2022 while comparing to the previous fourth quarter of fiscal year 2021. The new platforms on which the company is promoting its marketing strategy are OTT streaming platform, Cable video delivery platform and advanced advertising platform.