SeaChange reports preliminary Q3 revenue $6.6M

GAAP net loss of approximately $0.1 million; Adjusted EBITDA of approximately $0.2 million. The company said, “The Company continues to execute its plan to generate profitable growth of its recurring revenue streams. In parallel, the Company continues its process to identify potential strategic partnerships to increase stockholder value through M&A transactions, including evaluating preliminary indications of interests from third parties. There can be no assurance that such discussions will result in definitive documentation or a successful closing of a transaction. While the Company is disclosing its quarterly performance and its M&A process in connection with its new stock repurchase program described below, there can be no assurance that it will continue to do so in the future and may discontinue such disclosures in its sole discretion.”