News

SeaChange Posts Profit

8/27/2003 9:48 AM Eastern

SeaChange International Corp. posted second quarter 2003 net income of
$942,000, compared to a loss of $635,000 in the year earlier period, helped by
increased VOD revenue.

VOD revenue jumped 15.1%, year over year, from $15.1 million to $17.6 million
for the quarter ending July 31, which helped boost overall company revenue to
$36 million in the quarter.

The company expects revenue to hit the $36 million mark for the next quarter,
which ends Oct. 31.

SeaChange said it shipped 87,000 VOD streams in the quarter, giving it
630,000 streams shipped in the past year.

It also expects several MSOs to start testing its VODlink DVD-featured software 'shortly.'

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