SeaChange International Meets Q4 Sales Estimates

SeaChange International (SEAC) said Q4 sales fell to $22.9 million from $23.8 million in the year-ago period but matched the CapIQ mean.

GAAP diluted EPS were $0.04 compared with a loss of $0.69 per basic share last year and better than estimates for a penny profit.

Q1 sales are seen between $13 million to $15 million, below forecasts for $18.6 million. GAAP basic EPS are seen between a loss of $0.19 to $0.15 and non-GAAP loss between $0.15 to $0.11. Expectations are for GAAP loss per share of $0.06 and a loss of a penny non-GAAP.

FY19 sales are seen between $80 million to $90 million, in line with the Street’s $83.8 million. GAAP EPS are seen between a loss of $0.06 per basic share to operating income of $0.09 per fully diluted share and non-GAAP operating income to be in the range of $0.10 to $0.25 per share. Estimates are for GAAP loss of $0.06 per share and non-GAAP EPS of $0.15.

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