Synchronoss reports Q4 EPS 94c

Reports Q4 revenue $44.21M, consensus $43.76M. “We just completed a transformational year for Synchronoss (SNCR), opening a new chapter for us as a high margin, free cash flow positive global cloud solutions provider. We achieved revenue growth of 5.7% and reported total revenue of $173.6 million for the year and adjusted EBITDA of $50 million, which was a 61% improvement year-over-year and above the high end of our raised financial outlook,” stated Jeff Miller, president and CEO of Synchronoss. “Looking ahead to 2025, we now have over 90% of our revenue under contract for the year thanks to key contract renewals that the team secured in 2024. We’re confident in our business, product offering, and strategy, and believe that there is near-term opportunity for growth in our existing customers, our ability to add new customers, and the promising rollout of Capsyl.”