SeaChange International Inc (SEAC)

[StockLogistics]

5:14p ET 8/17/2022 - Dow Jones

"I am incredibly proud and grateful to get the increased opportunity to lead SeaChange into this new chapter", adds Mr. Klimmer. "With our world-class customer base, solidified financial performance, and state-of-the-art product portfolio, we have stepped up to support our customers with new and versatile video monetization strategies. I see significant opportunities for our Company based on our strategic direction and believe that we can create substantial value for our stockholders. This can be accomplished through a three dimensional growth strategy: (i) provide best in class customer support in our core business with our cable, telco, and satellite customers, (ii) build incremental recurring revenue streams through performance-based software solutions that drive ad revenues, and (iii) seek out strategic partnerships to accelerate growth. Execution of this vision is made possible by our pool of experienced business development, sales, and engineering talent across the Company. We are extremely well-equipped to dramatically expand our current market share in the growing global video streaming and advertising markets."

.58 cents a share on 8/17/22, 40% decrease in two months since the above statement. The last PR was 9/20/22. After consistent communication maybe they have a NDA on a big deal in the works, otherwise they appear to have fell asleep in their communications.