SEAC - Earnings call transcript Q1 2022 | SeaChange International, Inc.

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good afternoon. And welcome to SeaChange’s Fiscal First Quarter 2022 Conference Call for the period ended April 30, 2021. My name is Diego, and I will be your operator this afternoon.

Joining us from the company is Executive Chairman, Robert Pons; Chief Financial Officer, Michael Prinn; and Senior Vice President of Global Sales and Marketing, Chris Klimmer. After the market closed today, SeaChange issued its financial results for the first -- fiscal first quarter in a press release, a copy of which is available in the Investors section of the company’s website at www.seachange.com.

press call, the like is Safe the of today’s take to included begin end of note Harbor today’s we I everyone would please at Before release. paragraph that uncertainties This paragraph statements management be will risks in today. the that and making emphasizes forward-looking inherent major the

the in and on outlined differ risks and in As may uncertainties uncertainties statements expectations SEC cause on quarterly materially filings, on report a These also are these to Any actual considered annual its management’s based company’s should forward-looking subject number to Form from reports that and expectations. factors. including indicated, current results are are of light of be and XX-K forward-looking Form XX-Q. statements risks

measures financial by has Accordingly, is that financial Non-GAAP substitute made a non-GAAP the measures the SeaChange’s is I information in the Regulation today. Relations comparable earnings directly remind be company’s G. a replay in Additionally, to as the GAAP. for reconciliation measures and will from compliance this defined SeaChange should not website. of isolation for these most provided GAAP in presented section financial issued in like a considered and contains term be that recorded measures this release being to everyone link call available available via SEC would as call of or financial certain with Investor non-GAAP

over to call proceed. Robert turn to like Sir, would the Executive I SeaChange’s please Now Pons. Chairman,

Robert Pons

three annual capture streaming streaming. begin explosive in with report, and joining in revenues to in all the streaming, I our three call streaming. will following and Thanks, growth April, streaming, technology my surpass to things has streaming. strategy and recently us video-on-demand annual you research billion will the $XXX everyone. and the with today. $XX worldwide you words, industry good billion published by Operator, repositioned industry its On I a comments streaming for revenues XXXX. and afternoon, will the Thank advertising-based streaming surpass According Today, left last SeaChange trends, streaming in words,

to turnkey advantage we operators worldwide, Our distinct competitors. search and enablement and The over a and owners our own in on and give or This our not content streaming might to reach out technology launch is us mission for streaming streaming. advertising are operators to but limited their cable platform expect, as is And stakeholders owners all includes, services. cable looking content it to you Hollywood enablement help to of of a mean, new And service. the like by full efficiently the simply and partnering world’s from greater we stack the big I strategic come includes all all full launch technology streaming part partners have streaming and stack, will our SeaChange. future the and who quickly success and platform company with film also a producers. recognize A expertise television of value

part industries, exploding is ad two streaming and company of Your tech.

basis, we ad we executives strategy of where in If have and conference you a in On to for streaming the capitalize their go-to-market our educate unique the on a television new through are will ad exploding our walks platform. many Chris to streaming out our QX, Mike of on enablement film are streaming you listen our tech combined growth to in reaching and we positioning tech. discuss on you them is detail top see After weekly would and me meetings numbers strategic and shadowed the the with week, other industries on the priority. stakeholders and position Mike? calls, and more for

Michael Prinn

afternoon, Bob, good and Thanks, everyone.

Revenue Revenue a our $X.X the fourth fiscal XX% the revenue for $X.X service XXXX by in in fiscal due prior international of million prior decline compared million QX XXXX of was for fiscal to fiscal an Revenue first million total $X.X the total compared revenue or of XX% million primarily was XXXX. to in quarter. in in in or X% offset revenue, compares total the revenue, revenues Total XX% or increased The the of our fiscal quarter. the $X.X XX% in QX of XXXX, XX% decrease total for to XXXX to revenue, million, product QX quarter. XX% for to quarter. Service in or prior revenue results legacy $X.X QX compared Now $X.X XX% turning Product increase XX% decreased driven or to our XX% the XXXX which of QX to total total was of prior was $X.X for was market which in decrease or to maintenance $X.X total total of legacy million revenue million compared revenue U.S. in prior maintenance. quarter quarter. of fiscal from XXXX of revenue to or the revenue million revenue. to revenue, $X.X revenue or fiscal financial compares quarter in by markets $X.X million million

gross total XX%, XX%, to $X.X XX% fiscal from was XX% from the or of million quarter XXXX margin compared XX% or quarter. was total revenue to quarter. revenue, margin for the fiscal prior compared margins, first QX of quarter. gross XXXX million at gross prior the Service to Looking profit our Product in $X.X for compared was XX% prior of

$XXX,XXX, expenses prior improvement quarter. Non-GAAP million XX% of million for $X.X decreased looking Now in $X.X million, fiscal $X.X operating QX compared at from quarter loss the from prior totaled XXXX to quarter. for the to our fiscal operations XXXX in GAAP the million an first of expenses. $X.X

loss operations million loss of revenue, in negative share for was XX% improvement an fiscal $X.X $X.XX percentage which to loss quarter. totaled the of compares Non-GAAP from fiscal negative to operations total first XXXX XX%, for prior GAAP loss quarter prior the quarter. a As of million from a $X.XX in of basic QX per per or XXXX compared $X.X or share, basic the

was As was loss GAAP negative loss of per to or prior million million share. a from in quarter. XXXX prior or the loss $X.XX XX% in basic million percentage fiscal improvement basic basic non-GAAP non-GAAP compared share, $X.X loss a of net in negative compared of to Non-GAAP an $X.X prior share $X.XX QX $X.XX loss of XXXX quarter. $X.X QX fiscal loss the loss or This to of per of $X.XX loss for basic of XX%, total net net totaled or operations revenue, per totaled net quarter. for $X.X loss share per compared a the a million

$X.X end quarter. of which quarter million This my $XX.X end, financial Turning the at had to summary. cash, and compares cash million completes At the prior to balance in equivalents we the marketable sheet. securities,

our which For of release, file we our financial to a results, end refer plan XX-Q, more the by detailed of please earnings week. well analysis as Chris? the as today’s to

Chris Klimmer

of existing goals; tech target initiatives give address Thanks, like base; an and value needs product create of Mike. ad implemented two key a Good to overview we in I our second, afternoon, growth streaming our first, better achieve and and strategic customer several to product the opportunities to you over to markets. would to have the the the and last that extensive proposition everyone. Today, months mainly

our to response to In linear retain increase streaming common, the pandemic to companies product table all towards platform increasing for respective both TV have and innovation At video delivery future first, relevant today established drive business thing established broadband revenue dedicated the key current we chain and that customers, intelligence, propositions, third, with asset to current trends to product engineers. know, new be and time, strategy; streaming. to has production product models continues content a value value introduce need targeted simplify TV have marketing cable advertising a three subscribers. four software models vehicles and strategy revenue high offering our reference three have and advanced platforms; with service recurring the paradigm streaming monetization. of go-to-market value business same verticals fourth, and dominate dramatically and platform, Streaming prospective you and team traditional objectives consumption lines from increased target in revenues. product advertising for for of technology drivers; market many relevant and acquire linear streams; for Both and primary level, platform. accelerated exceptional we highly At and As supports growth the OTT shift the second, our one for traditional and monetization video and this cases; for

around system our the is long-term cable video product world. delivery first companies cable provide The to a video on-prem value robust platform, to management

to Today, technology rely orchestrate going be solutions us delivery the For content compelling households. has devices companies on incredibly forward. cable services a to and XX and screens service important software this more to professional all decade, more customers to deliver and content These than enabled providers same broadband than of customers will SeaChange’s globally. major to

software feature and of and As analytics. we long-term ensure security upgrades, to advanced continuous their such enhancements, value-add as work by services stability deployments providing

In our to with high and delivery greater that streamline of model, new the cable will expansions will video support continue unified services, maintenance. a Success to our platform licenses, be allows us even retention, software platform’s combination terms software a it to support of and business margin and platform translate professional efforts. customer customer

content our native operators video both streaming product, cloud profitable premium Our which and to newest OTT provides is and complete streaming platform platform services, enable a online for owners.

market. to conduit the end successfully multibillion effectively delivery their As globally. helps This video to between video in provider the favorable an dollar serves enabling users consumers the streaming streaming situate a of SeaChange of content customers positioning as our technology, and service the themselves facilitate

across return services. relevant the Our to now democratizes is content increase costs, intermediate on deliver to our promotion sense, consumption machine enable and such proprietary as streaming services engine By consumers acquisition our OTT platforms. directly upsell while traffic our on the algorithms to their their streaming platforms offerings, AVOD, meaningful In campaigns the business is ROI higher targeted segment targeted lower can data, insights content on and customer streaming Key they through all so content customers platform fully driving packaging and intelligent platform. of to successful we and also of acquisition strategies video user business with to the and that owners generate to owners customers that maximize TVOD. models, directly or video address OTT churn. or platform cutting relevant and that allowing in to bypass actionable our engagement middleman as the investment our content cohort learning analytics help content embedded services helps and all monetization out consumers to profitable can content optimize or With device reduce for to by and SVOD ability costs, speak,

our also of due the brand customers streaming increases platform value, to level service. OTT Our premium

a on usage structured this For fix model line upside pay-as-you-grow with a product true offering, based SeaChange, us level. with on fees that provides includes software-as-a-service minimum

As multiple platform, a leverage effect. software can across enabled scalability customers to we a codebase same product the achieve

sales product the is platform’s on team focused and customers With to securing keenly marketing launch, the logos. our recent

Our for success of will stream high in area a establish new our margin company. recurring revenue this

as advertising delivered well generate with revenues and OTT the as solution insights for advertisement content. advanced tech of higher advertising into into The ad is provided with are inventory IP feeds, or for owners broadcasters the I owners. analytics enables unified mentioned, platform Together away. broadcast our content their Third, previously streaming linear engine, audiences greater right insertion ad carriers, increase a content revenues broadcast and platform to can on

to ad tied term fees to as SeaChange financially such metrics, addition through licenses, In certain variable impressions. benefits recurring

team of to is the market. meaningful logos capturing concludes fast ad of Bob? my on this all a categories I’ll Our for tech our those in back and to and three month. share I now forward for massive growing call prepared sharing success focused progress platform over laser That in closing the remarks. product look Bob turn and remarks. his securing the coming

Robert Pons

the Thanks, SeaChange strategic roadmap more on scalable made Chris. The a much and traction capable, has we’ve focused organization. established

growth be perspective, customer broadband an us our drive services one about, As largest service in progress U.S. our financial multiyear growth optimized the with an and and tangible We in the have cost that more streaming These report never including stronger of is to well, share have you’ve dollar at stabilized engagements, heard hope encouraged end topline, has our favorable building that dynamics providers us years we talk most to been deepened multimillion benefits contract to we bolstered explosive the even pipeline the have the balance produced and some sheet. capture with these in the March. many and near including the a sales ahead. plan of XXXX of a developments roadmap opportunities expanded announced you future. abundant. and allowed fiscal to and notably accelerate in position a I’m the structure to in From as

Taken drive to execution concludes words, and streaming we successful remarks. That shareholders market enable over even translate remain and the scale, questions, long-term. go and will streaming. prepared that together, growth the final both capture share for our greater highly value of and confident plan we create to our before us to streaming, And three customers our

now the open ready for Operator? call are to questions. We

Operator

Our Thank you. first Frankel your Colliers. [Operator Instructions] comes Please Steven question from state with question.

Steven Frankel

for opportunity. afternoon. Good Thanks the

a start today? So I and you approach. a ago Where salesforce? to in little many year spilling you how you that? like wrecks have, have How down go-to-market did bodies do this to open to with bit this drill are many compare out on that How

Robert Pons

our salesforce, Chris, on do please? to you comment Yeah. want

Chris Klimmer

Good highest understand I the also though I programs in and to reduced believe a specific in local where to that will are a success disclose is, contrary. you generate the [ph] for this haven’t Steve. build partnerships not we we afternoon. grant on of us. fully say What that I regions revenue. I that ask markets in this also number us salesforce as top that I believe we’ve understand will we question can On of represented need Thanks, that Sure. can and invested Well, you recent spoke. the ROI say we in support network the

a ROI it our to fast achieve business criteria We’re up on a time [ph]. high trying to and with revenue build intelligently to

Steven Frankel

represents? give And what then related that, maintenance, for you part seems of seen the backlog terms have of that kind Okay. is feel revenue? stable? won March, pretty we Is seen in that revenue of the of of contract quarter large that that in backlog and to How that kind in backlog product was much us the

Michael Prinn

Mike. Hey, Steve. It’s

went was third first multiyear think, evenly spread kind your there next years. remaining no just And couple last there deal over revenue of the It announced part we I we So, of quarter. of then it out that is a about question, accounted kind probably product was fairly of -- over dollar and I’ll that of this was regurgitate what quarter. for the two-thirds for multimillion

our So of part, the backlog, it couple it other come but XX%, the chunk, XX%, say, in we’ve kind the last a some it would quarter-to-quarter. deals And like, of years. in is wasn’t million was I in XX% then will second seen of probably, $XX ratably

backlog. for Framework only a in So around the we’ve of got a of probably $X for there’s million odds right in piece years. a but that have sold there of that’s might some kind little ends the two and minimum kind then that be small always deals now last piece recurring And lumpy,

Steven Frankel

would today disclosing in streaming launch Okay. number under us today the And of you give good the could did job cable number quarters? that or have traditional a contract live of coming either feel customers customers, for you you a the

Michael Prinn

-- Steve. the of Not. going our and forward. -- area have them is trust newer yet, We it then do going business Not

winning new But, numbers ones. in announce some of yet of at point. and yeah, are the future to those to very this not We the hope announcing near everyone. we’re We them

Steven Frankel

of where Okay. fruition? those ad in same are because on previous a Did couple come I And administration deals. ad had Kind then tech, large tech? talked tech question of to about know, we ad

Robert Pons

Yeah.

I’ll through… go So

Chris Klimmer

one. I will take that

Robert Pons

ahead, sorry, go I’m Yeah. Chris. go ahead. Please

Chris Klimmer

No. Sorry.

ahead, go You Bob.

Sorry.

Robert Pons

No.

our model. perhaps, look of have we’re the And terms sell There where we a working some as it more of Just, in -- to infrastructure with itself. regards, there’s -- taking a at can, a lot it fresher Steve, we software-as-a-service we’re of customers. in

of that the having lot a current and have customers installed. those with doing the discussions system We’re Chris? things

Chris Klimmer

platform through OTT, changed tech to our position for I Maybe remark, way various with challenging Yeah. value on the support ad that put we our for example, something how business we go-to-market us to believe like sharing, the ad customers a solution, for revenue we as, of which What new based a is insertion is with value where we have general model a such market because with into just start and went which Steve, with a product, venture because the buyers to really unified company to special. is now, used are bring believe immense parts there’s models system, that pretty fact support business the while I a that do us, we really both into we to broadcast for get need chain, that this we example, we that. in unique,

back our conventional around licenses going variables and more We’re software a as licenses basically Bob now and focusing on such capabilities enabling -- business based ad to said impressions. on insertion are really model as ad

the a and model we support that is there between customers for our we our to correlation customers. value business So direct the that bring

Steven Frankel

Mike. Okay. in concentration the a And I have then for customer What quarter? last question was the

Michael Prinn

Nobody we cut XX% that disclosed. that above mark

Steven Frankel

Okay. All right. you. Thank

Michael Prinn

Steve. Thanks,

Robert Pons

Thanks, Steve.

Operator

[Operator Our comes Capital. your Rommel Please question. next Dionisio Instructions] Aegis state with from question

Rommel Dionisio

taking afternoon. my Good Thanks question. for Yeah.

Robert Pons

Yeah.

Rommel Dionisio

It the the was making think, up guys if of some the that quarters, environment, about, to still decisions current and how of seeing starting I customers Framework or are few deployments, are is the from on -- a migrate just slower you in I technology that having? to open off of little new held legacy some talked you maybe, discussions terms you could hesitation Thanks. and pandemic, wonder you we’re software. characterize the

Robert Pons

Yeah.

of answer that, -- first part up a the So it’s quite the part ask opened I’ll -- last just bit.

peak the of months. busier Our warmer greater and are I a experienced, anything sales experienced, much is response reception the getting we anything than than call, Chris? much we much team what and we COVID

Chris Klimmer

are is an are There in abundance is DXC, where sector, COVID through having their in owners such YouTube to especially that. up. open to go the I with the as only of second the or vast. The No. directly publish over. is want effect without pushing opportunity position brands dynamics market can platforms from The their they The direct-to-consumer consumer content. content market market to and to the aggregator content

lot on there the players see creative is of dynamics a models So business market. We and emerging. new new emerging,

linear space that up also and is then We picking see streaming the also traditional again. TV

TV as see, to in back operators proposition. industry also the what are such companies they about with to and say, the want players more let’s We our institutional cable thinking do

Bob has I of I what the a very message -- product a we only proposition So second value market have dynamic on can environment. we and clear with think there new can we the and said, in movement lot that this clear benefit from is and strategy a positioning,

Rommel Dionisio

Thanks much. That’s color. very Okay. great

Robert Pons

Thank you.

Chris Klimmer

you. Thank

Robert Pons

Rommel. Thanks,

Operator

Our Cole Capital ahead next from with question. question Please Cole your go comes Aria [ph]. with

Unidentified Analyst

and for going hosting luck efforts very and with of your afternoon best thank much Good you forward. call this

Robert Pons

you. Thank

Unidentified Analyst

or about insertion the and your contrast other the one, number you have that by big… been obviously, of obtain third-party that products. Question practices sorts and compare to streaming solutions mean, reviews I would others? consulting your versus Have any able companies in industry ad

Robert Pons

Yeah.

Unidentified Analyst

evolve [ph] data Gartner. of are a more niche. But …big you

So be… I would assume there

Robert Pons

Yeah.

Unidentified Analyst

love you would to with. read those like what people they’re to do …some I reviews available. if

Robert Pons

And That’s ever a us asked question. Thank great anyone don’t think you. who I that.

extremely meant, version is who today. We it’s out Gartner even and testing as we would what built, we as sometimes the specific not a But technology on calls of from selling not well a times I couple quite a almost month, a that -- company are of who or like, say knows on are we’re them. in -- smaller someone a you

own streaming better might and like But the our and maybe recently research have where get hiring focusing proprietary us, also laser that be. we we a at of research hand sales question this our We will be better time. feel discussions in firm formalized of good should out where organization Europe opportunities in to I particularly based as futures it’s kind do Gartner here our direct in a with it been not as a streaming understanding

or tell but interview. on to Chris so. think name, a about Gartner, We Klimmer interview I them week of part the big speaking, our as we’re I in with can you first that are be it’s and actually will do as almost I

Unidentified Analyst

then And Okay. for…

Robert Pons

you question. Thank you. Thank ahead, Go Yes. for the please.

Unidentified Analyst

like for and And stories, to to question can your in oftentimes is, some to come your kind enhancements months. But see then past prospects made prevent I success who case of companies the changes my like you’ve -- website, studies… two -- I understood website present

Robert Pons

Yeah.

Unidentified Analyst

what products other would that and purchase they’ve on see show and … achieved away…. I sorts don’t return now, right investment of that far your things. how

Robert Pons

Yeah.

Unidentified Analyst

you publicize think able are you stories? to success more …do being from clearly

Robert Pons

XX who two, you’ll You redesign hard and while will site. within at it. I things a soon at give a you say, I writing see content the want of and bit go an little may outside how say, to be month a has but some firm We’ve work. But see days, a it or like, things. engaged at don’t are we websites been very, think very for the and

company So some stay you that please done to see before tuned. of capabilities before. even or certainly the It will presentation this should and earnings never quarter the things next our has be relating

So, pretty tuned. stuff say, so I Hollywood, if stay may Ala exciting

Unidentified Analyst

Okay.

Robert Pons

Yeah.

Unidentified Analyst

just that be your so service percentage as you’ve advertising they are ask Can a space, the where a software but successful of of to going have of might to earned number. of up will are contracts of when average gain of sort forward arrangements you’d upfront, revenue deal it able customers by you advertising, give average takes place. that paying kind And mix is performance be you SeaChange my set successful pipeline, media hopefully you looking and I sharing and that sizes kind sort is, your of kind as are hoping of sell achieve question, of a sense The be deal in one what terms the me impression your at for you’re reason sizes.

in? guess, maybe sense three, the in is, what’s that are a dollars. use of they revenue, for as product I and trying coming the of revenue companies the deal I’m one, sizes two going upfront are to starts to insertion thousands what hundreds when potential, ad And installing, you’re for purchase, So the they get what’s

Chris Klimmer

Yeah.

Let Mike. me -- sorry,

You go ahead.

Michael D. Prinn

Chris, what I then part Yeah. might my of kind missed. shorter be add-on can you and

typically we like nail the dollar So pipeline. on I of right head We’d think there will I But is, say don’t won. hit of disclose of and of will fixed whether products kind revenue component. have then users, type addition, a of component, in be types services combination do subscription deals that a some when the it share that a deals And there that case. in to it’s value you are the will be kind will or variable

So concrete get different of kind not some I deals But are pipeline. we’ll have think will more in piece. of necessarily fixed numbers variable won, mix a when they that and

Unidentified Analyst

what Okay. variable be the by dollars? And and fixed you mix fixed think your earned variable over years, sense versus dollars of mix of three customer dollars the of might

Chris Klimmer

So…

Michael Prinn

that yet. go we think have don’t yeah, number Chris, I ahead.

Chris Klimmer

think the that to Yeah. service I hope successful mean will percentage. that is that higher. we that very that mean was be give therefore is that support Because the I would and a be platform going number, very high our and really the a they will would but high No. traffic revenues part at through variable therefore

better the So on part a to SaaS the the for be foresee model, but us. consumption is variable to model in the the driven difficult higher SaaS answer it’s -- your question, will exact percentages, this -- this is a --

Unidentified Analyst

Understood.

Chris Klimmer

for course. customers, And of our

Unidentified Analyst

Great. you again. Thank

Operator

you. [Operator comes go Anthony from [ph]. Dissaro Thank question Instructions] question. Our your ahead next Please with

Unidentified Analyst

won. the two, said, that, have on of work. of guys my large this you your your base players have That’s like add? visiting many your guess just looking the that taking like you. that you’re question, question. in additional project you a are multimillion is contract, a for you with looks with also managers, Thank earnings, being site, touching general Is question. with I terms that and that dollar workforce, I increase due earlier? three conjunction to Thank in How to engineers procured just whatnot. your it I my to you know Yes. Hi. contract is And multimillion looking contract And quarters unbillable

Robert Pons

was Yeah. Sure. I just of… kind

Michael Prinn

[Inaudible]

Robert Pons

Okay.

Michael Prinn

Bob. ahead, Go

Robert Pons

and I to just our was we requirements. needs don’t typically going say disclose hiring

comment that. So part? you on we want can’t take other to the really Mike,

Michael Prinn

Yeah.

and a large you or take but The you the over of There the contract, last revenue collection the unbilled. timing relates that recognition collections at towards see, of the was between can other had first kind of -- deals the revenue years kind years. of push part year way to was spread couple it’s then or unbilled probably more maybe I’ll years of over, them some had if buildup out just four a component and maybe and that cash two, some look three

in I footnote, in piece a that we’ve our but of got a to It’s isn’t some the years. So of mix one details couple customer. the significant think there more of related that’s just all last of arrangements

Unidentified Analyst

that still true new Thank more Okay. your And then Is too, was remained thing customer no than XX% the with time of you. one other business. contract? last I think, you guys had

Michael Prinn

then file think quarter For and to each this expect cumulative put that And year-to-date our on tomorrow. disclosure we’ll I quarter, we yes. the in a we’ll XX-Q and XX-Q basis, what

will of information there customer be concentration there. so in And additional any kind

Unidentified Analyst

appreciate. I you. Thank

Robert Pons

Thanks.

Operator

this this concludes time, session. Instructions] question-and-answer at And Thank Thank you. you. our [Operator

If Pons the taken, turn team call SeaChange’s now over not remarks. question back IR seac@gatewayir.com. at please for was your like contact I to his to would Mr. closing

Robert Pons

Thank months. some everyone months interest. of different improved this four programs five our no keep number initiated We’ve employees a the and you over engaged. we appreciate we all call has the company in always the was last and participants in that and healthy get and team, or thank The dramatically culture you the call of the

streaming Those our potential companies capabilities Our and sales or talk force technology road content highly that strategic future there motivated to want them partners. our map and we that, owners out anyone we are are the from of in spending that sit their media assets. within down about a companies time with lot for to companies, is great

We tuned. many, be streaming stay disruptive It’s future. our The explosive broadcast this hasn’t it. great many in is more more years couldn’t into to been probably and excited selling So about causing industry be of industries. the one

a on groups were strategic talk call and we Everyone they big folks and week things in some studios, that. Hollywood in me, with all to Angeles the said like someone As streaming. the all is the about it’s Los earlier

-- great and will very confident our technology be part we Thank are of be that it’s sector. with So the you a well. growing big much

Operator

joining… for you Thank

Michael Prinn

everyone. Thanks,

Operator

Thank you. today conference SeaChange’s for XXXX for quarter call. us you fiscal Thank joining

You your Thank may you. disconnect lines.

SeaChange International (SEAC) 11 Jun 212022 Q1 Earnings call transcript