SeaChange International Inc. (SEAC, Financial) filed Quarterly Report for the period ended 2012-04-30.
Seachange Intl has a market cap of $260.1 million; its shares were traded at around $7.995 with a P/E ratio of 20.4 and P/S ratio of 1.3.
International sales accounted for approximately 39% and 41% of total revenues in the first quarter of fiscal 2013 and 2012, respectively. We expect that international products and services revenues will be a significant portion of our business in the future.
Amortization of Intangibles. Our amortization expense is primarily related to the costs of acquired intangible assets. Amortization is also based on the future economic value of the related intangible assets which is generally higher in the earlier years of the assets’ lives. Amortization expense of $446,000 and $510,000 for the first quarter of fiscal 2013 and 2012, respectively, was charged to cost of sales, Amortization expense charged to operating expenses increased to $978,000 in the first quarter of fiscal 2013 from $790,000 in the first quarter of fiscal 2012. Total amortization of intangible assets was $1.4 million and $1.3 million for the first quarter of fiscal 2013 and 2012, respectively.
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Seachange Intl has a market cap of $260.1 million; its shares were traded at around $7.995 with a P/E ratio of 20.4 and P/S ratio of 1.3.
Highlight of Business Operations:
For the first quarter of fiscal 2013 and 2012, two customers accounted for 27% and 35% of our total revenues, respectively. We believe that a significant amount of our revenues will continue to be derived from a limited number of customers.International sales accounted for approximately 39% and 41% of total revenues in the first quarter of fiscal 2013 and 2012, respectively. We expect that international products and services revenues will be a significant portion of our business in the future.
Amortization of Intangibles. Our amortization expense is primarily related to the costs of acquired intangible assets. Amortization is also based on the future economic value of the related intangible assets which is generally higher in the earlier years of the assets’ lives. Amortization expense of $446,000 and $510,000 for the first quarter of fiscal 2013 and 2012, respectively, was charged to cost of sales, Amortization expense charged to operating expenses increased to $978,000 in the first quarter of fiscal 2013 from $790,000 in the first quarter of fiscal 2012. Total amortization of intangible assets was $1.4 million and $1.3 million for the first quarter of fiscal 2013 and 2012, respectively.
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