SeaChange announces first quarter revenue
The Acton-based SeaChange International recently reported first quarter fiscal 2019 revenue of $14.9 million and a U.S. generally accepted accounting principles loss from operations of $5.1 million, or $0.15 per basic share, compared to first quarter fiscal 2018 revenue of $16.7 million and U.S. GAAP loss from operations of $5.5 million, or $0.16 per basic share. The company’s U.S. GAAP first quarter fiscal 2019 results included non-GAAP charges of $1.3 million, which consisted primarily of stock-based compensation of $0.9 million and amortization of intangible assets from prior acquisitions of $0.4 million, while first quarter fiscal 2018 results included non-GAAP charges of $3.8 million, which consisted primarily of severance and other restructuring costs of $2.1 million, stock-based compensation of $0.9 million, amortization of intangible assets from prior acquisitions of $0.6 million and a provision for loss contract of $0.2 million. The non-GAAP loss from operations in the first quarter of fiscal 2019 was $3.8 million, or $0.11 per basic share, compared to the first quarter of fiscal 2018 non-GAAP loss from operations of $1.7 million, or $0.05 per basic share.
Radius Health announces corporate update
The Waltham-based Radius Health announced that Jesper Høiland, president and CEO and Pepe Carmona, senior vice president and chief financial officer of the company, will present a corporate update at the at the Goldman Sachs 39th Annual Global Healthcare Conference at 10:40 a.m. PT June 12 at Terranea Resort, Rancho Palos Verdes, California. A live webcast of the presentation will be available by visiting the Investors section of Radius’ website at http://ir.radiuspharm.com/events.cfm. A replay of the webcast will be archived on Radius’ website for 30 days following the presentation.
Paytronix Systems announces Loyaltees Award
The Newton-based Paytronix Systems, the real-time guest experience platform, recently announced that Kahala Brands has won the 2018 Paytronix Loyaltees Award for marketing innovation. The Kahala Brands marketing team deployed the Paytronix survey and target-and-control features in a “Big Game” campaign that demonstrated how effective The Counter’s Counter Points loyalty program can be in driving franchisee businesses. Kahala Brands recently acquired up-and-coming burger franchise chain The Counter, which was running the Paytronix-powered Counter Points loyalty program. The Kahala team was already successful at leveraging all of Paytronix’ engaging features on behalf of the Pinkberry brand. They wanted to create that same excitement and engagement amongst the Counter Points members, raise visits and spend to new heights and demonstrate how the program benefits the brand to its franchisee community.
MetroWest Visitors Bureau announces MetroFest
MetroWest Visitors Bureau invites all to attend the fifth annual MetroFest event — the arts, music and food truck festival in the MetroWest region — on June 16 at Bowditch Athletic and Cultural Complex, 475 Union Ave., Framingham. A wide variety of New England-based food trucks are coming to MetroFest, including Ben & Jerry’s Scoop Shop, Melt, Teddy’s Lunchbox, Empanada Dada, Clyde’s Cupcakes and Big T’s Jerky House. Throughout the day, attendees will enjoy live music and entertainment, including rock, rhythm and blues, Brazilian jazz and more with performances by the Eduardo Mercuri Group, The Reminisants and The Tony Soul Project. Magic 106.7 DJ David O’Leary will serve as emcee before turning over the mic to MyFm 101.3 DJ Ray Auger later in the afternoon. Family-friendly activities include Touch-A-Truck (with humvees from the Massachusetts Army National Guard 106th Transportation Company), ball games with Fore Kicks, Live Action Escapes and a Kangoo Jump demonstration with WBIX.