SeaChange International Reports Net Loss of $714 Thousand for Q1 2023
Revenue of $6.99 Million Recorded in SeaChange International's First Quarter Financial Results
By USInMinutes
Published - Jul 05, 2023, 06:15 AM ET
Last Updated - Jul 18, 2023, 03:05 PM EDT
SeaChange International, Inc.,(SEAC) a leading provider of video delivery platforms, has released its unaudited condensed consolidated financial statements for the first quarter ended April 30, 2023. The company reported a net loss of $714 thousand for the quarter. However, it generated revenue of $6.99 million, demonstrating a steady performance in its core business operations.
Net Loss of $714 Thousand
SeaChange International incurred a net loss of $714 thousand for the first quarter of 2023. This represents a decrease compared to the net loss of $2.99 million reported in the same period last year. The company has been working to improve its financial performance and reduce losses through various initiatives and cost-saving measures.
