New gateway launch for SeaChange

Jay Samit

SeaChange claimed three consecutive quarters of new market launches after deploying its Nucleus video gateway software to subscribers in a third European country in Q2.

Announcing its second quarter results, SeaChange said that it was also awarded new contracts by one of its largest Nucleus customers, further expanding its gateway footprint to new markets.

SeaChange CEO Jay Samit said SeaChange had also signed a new contract with “one of North America’s largest satellite television operators” for its AssetFlow content management system, and took an order from “one of our largest telco advertising customers in North America to expand its capabilities.”

“We continue to actively seek OTT opportunities, and have recently signed an agreement with a US prepaid mobile service provider. In addition, through our Timeline platform, we are diversifying our customer base with new contracts in the second quarter outside of the broadcast newsroom,”

For the quarter SeaChange reported revenue of US$27.9 million, down from US$29.8 million a year earlier. However, it’s quarterly GAAP loss from operations narrowed to US$4.8 million, compared to a loss of US$5.2 million a year earlier.