SeaChange rises as new customers drive Q4 results

Tiber Ventures

08/04/2022 14:51

** Shares of SeaChange International Inc  SEAC.O  rise 8.1%
to $1.175, as net income rose, helped by demand from new
customers and one-time product and license benefit from renewing
contracts  
    ** Video content distributor reports 67% jump in Q4 revenue,
and smaller loss of $0.03 per share  urn:newsml:reuters.com:*:nGNX7Lt3zD
    ** "We continue to drive positive momentum in our core
business with healthy revenue growth and a moderating operating
expense profile" - CEO Peter D. Aquino
    ** In December, company agreed to take short-video app
Triller public in reverse merger deal  urn:newsml:reuters.com:*:nL4N2T72NS
    ** Including session's gain, SEAC down 22% YTD

 (Reporting by Nandhini Srinivasan)
 ((Nandhini.Srinivasan@thomsonreuters.com;))