SeaChange International Inc. registered its fourth-quarter FY22 revenue of $8.6 million, up +67% year-over-year.
Product revenue came in at $5.2 million, and Service revenue was $3.4 million.
The gross margin expanded by 1,100 bps to 66%.
"We wrapped up our fiscal 2022 on a high note, generating 20% sequential revenue growth and positive non-GAAP operating income, as we benefitted from a $2 million one-time Tier 1 operator deal," stated CEO Peter D. Aquino. "Additionally, in April, we signed an exciting software development agreement with VIDAA for their FAST channel and AVOD solution for its growing business."