Seachange International Reports Q1 2023 Net Loss of $714 Thousand

Seachange International, Inc.(SEAC), a leading provider of video delivery solutions, has released its unaudited condensed consolidated financial results for the first quarter of 2023. The company reported a net loss of $714 thousand for the quarter, while revenue reached $6.99 million. Seachange's financial performance is analyzed in detail below.

Net Loss in Q1 2023

Seachange International, Inc. faced a net loss of $714 thousand during the first quarter of 2023. This loss can be attributed to various factors, including operating expenses and restructuring costs. The company has been working towards optimizing its operations and streamlining its expenses to enhance its financial position.

Revenue Growth and Segment Breakdown