In the Q1, Seachange International Inc's corporate clients experienced a reduction by -8.74 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -22.43 %. During the corresponding time, Seachange International Inc recorded a revenue increase by 4 % year on year, sequentially revenue fell by -31.17 %. While revenue at the Seachange International Inc's corporate clients recorded rose by 16.18 % year on year, sequentially revenue grew by 2.07 %.
Customers of Seachange International Inc saw their costs of revenue decrease by -8.74 % in Q1 compare to a year ago, sequentially costs of revenue were trimmed by -22.43 %, for the same period Seachange International Inc recorded revenue increase by 4 % year on year, sequentially revenue fell by -31.17 %.
Seachange International Inc's Comment on Sales, Marketing and Customers
We currently sell our products primarily to video service providers, such as cable
system operators and telecommunications companies, as well as content providers.
Our customer base is highly concentrated among a limited number of large service
provider customers. A significant portion of our revenues in any given fiscal
period have been derived from substantial orders placed by these large organizations.
We expect that we will continue to be dependent upon a limited number of customers
for a significant portion of our revenues in the near future, even as we intend
to penetrate new markets and customers. As a result of this customer concentration,
our business, financial condition and results of operations could be materially
adversely affected by the failure of anticipated orders to materialize and by
deferrals or cancellations of orders because of changes in customer requirements
or new product announcements or introductions. In addition, the concentration
of customers may cause variations in revenue, expenses and operating results
on a quarterly basis due to seasonality of orders, the timing and relative size
of orders received and accepted during a fiscal quarter, or the timing and size
of orders for which revenue recognition criteria have been satisfied during
a fiscal quarter.
We do not believe that our backlog at any time is meaningful as an indicator
of our future level of revenue for any specific future period. Because of the
requirements of some customers, orders may require substantive acceptance criteria
prior to revenue being recognized, resulting in the related revenues not being
recognized in the ensuing quarter. Therefore, there is no direct correlation
between the backlog at the end of any quarter and our total revenue for the
following quarter or other periods. If our sales growth increases or we experience
business model changes, our backlog may become a meaningful indicator of revenue
in the future.
Seachange International Inc’s Comment on Sales, Marketing and Customers
We currently sell our products primarily to video service providers, such as cable
system operators and telecommunications companies, as well as content providers.
Our customer base is highly concentrated among a limited number of large service
provider customers. A significant portion of our revenues in any given fiscal
period have been derived from substantial orders placed by these large organizations.
We expect that we will continue to be dependent upon a limited number of customers
for a significant portion of our revenues in the near future, even as we intend
to penetrate new markets and customers. As a result of this customer concentration,
our business, financial condition and results of operations could be materially
adversely affected by the failure of anticipated orders to materialize and by
deferrals or cancellations of orders because of changes in customer requirements
or new product announcements or introductions. In addition, the concentration
of customers may cause variations in revenue, expenses and operating results
on a quarterly basis due to seasonality of orders, the timing and relative size
of orders received and accepted during a fiscal quarter, or the timing and size
of orders for which revenue recognition criteria have been satisfied during
a fiscal quarter.
We do not believe that our backlog at any time is meaningful as an indicator
of our future level of revenue for any specific future period. Because of the
requirements of some customers, orders may require substantive acceptance criteria
prior to revenue being recognized, resulting in the related revenues not being
recognized in the ensuing quarter. Therefore, there is no direct correlation
between the backlog at the end of any quarter and our total revenue for the
following quarter or other periods. If our sales growth increases or we experience
business model changes, our backlog may become a meaningful indicator of revenue
in the future.
Sources:
Seachange International Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Seachange International Inc’s corporate clients.
For your research, we’ve provided 9 tables on Seachange International Inc corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
11.82 %