The tech company reported revenues of $16.7 million.
Ed Terino, Chief Executive Officer, SeaChange, said it had seen success from existing and new customers for IP video and cloud-based deployments. Ongoing restructuring initiatives yielded positive results more quickly. We continue to be focused on achieving a return to profitability, positive cash flow and revenue growth in the second half of this fiscal year.”
SeaChange is working towards $38 million in cost savings.