Interactive TV technology provider SeaChange International now expects Q4 revenue of $34.5 million to $35.5 million. The company had initially expected revenue of $40 million to $45 million.

“We are very disappointed that fourth quarter revenues came in below our guidance range,” said Raghu Rau, CEO, SeaChange. “The primary reasons for this shortfall were delays in receiving anticipated orders from customers in the Americas along with continued delays in receiving some final acceptances. The magnitude of these delays was greater than expected, given our customer concentration and the timing of our sales, wherein many sales occur towards the end of a quarter.”

For the full fiscal year 2014, SeaChange anticipates revenue in the range of $145 million to $146 million.

Other posts by :

1. US spectrum shuffle could earn SES billions
2. FAA plans to tax rocket launches
3. Could someone buy AST SpaceMobile?
4. FCC: D2C is set for ubiquitous connectivity
5. SpaceX continues complaints over Amazon Leo
6. Starlink struggling for approval on South Africa, India
7. Impressive Starlink deployment rate
8. Bank: Space industry worth $1tn by 2040
9. Xona Space wants 259 LEO satellites

Categories: Articles, Business, Results