March 14, 2007
Video software maker reports gains, losses
By Matthew L. Brown
SeaChange International Inc., a video-on-demand software and hardware maker based in Acton, reported a net loss of $3.7 million on revenue of $40.1 million for the fourth quarter.
For the company's 2007 fiscal year, which ended January 31, revenue was a record $161.3 million, a 28 percent increase over the $126.3 million it reported in the previous fiscal year.
Net loss for fiscal year 2007 was $8.2 million, compared with a net loss of $12.3 million for the previous year.
The company said it expects further revenue growth in the first half of the 2008 fiscal year, and profitability by the second half.
For the company's 2007 fiscal year, which ended January 31, revenue was a record $161.3 million, a 28 percent increase over the $126.3 million it reported in the previous fiscal year.
Net loss for fiscal year 2007 was $8.2 million, compared with a net loss of $12.3 million for the previous year.
The company said it expects further revenue growth in the first half of the 2008 fiscal year, and profitability by the second half.
WBJ Web Partners
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