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Synchronoss Technologies (SNCR)
NASDAQ:SNCR
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.1Last Year’s EPS
-0.85Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -8.13%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with revenue and EBITDA growth, a significant client renewal, and positive updates to financial guidance. However, challenges such as a reported net loss impacted by foreign exchange, a decline in free cash flow, and delays in receiving a substantial IRS refund were noted. The strong positives in financial metrics and client renewal slightly outweigh the challenges.Company Guidance
During the Synchronoss Technologies Third Quarter 2024 Earnings Call, the company provided optimistic guidance based on their robust financial performance in Q3. Revenue increased by 8% year-over-year to $43 million, while adjusted EBITDA saw a significant 37% growth, reaching $12.7 million. The company reported a recurring revenue rate of 92.2% and noted a 5.1% growth in cloud subscribers. In light of these achievements, the company revised its full-year guidance upwards, projecting revenue between $172 million and $175 million, an adjusted gross margin between 77% and 78%, recurring revenue comprising 90% to 92% of total revenue, and adjusted EBITDA ranging from $47 million to $48 million. The call also highlighted a key client renewal with SFR, part of Altice France, and discussed ongoing efforts to drive operational efficiencies and product innovations, including a new version of their Personal Cloud platform.Revenue and EBITDA Growth
The company recorded a revenue of $43 million, an 8% increase over the prior year period, and an adjusted EBITDA of $12.7 million, representing a 37% increase compared to last year's $9.2 million.
Client Renewal with SFR
A key client renewal was announced with SFR, part of Altice France, extending a 3-year contract to continue offering the Personal Cloud storage platform.
Updated Financial Guidance
The company revised its full-year guidance upward, including revenue expectations of $172 million to $175 million and adjusted EBITDA of $47 million to $48 million.
Increase in Recurring Revenue
Quarterly recurring revenue was 92.2% of total revenue, up from 89.5% in the prior year period.
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SNCR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SNCR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $11.07 | $9.80 | -11.47% |
| Aug 06, 2024 | $10.14 | $9.75 | -3.85% |
| May 07, 2024 | $6.87 | $9.00 | +31.00% |
| Mar 12, 2024 | $10.32 | $9.38 | -9.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Synchronoss Technologies (SNCR) report earnings?
Synchronoss Technologies (SNCR) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Synchronoss Technologies (SNCR) earnings time?
Synchronoss Technologies (SNCR) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNCR EPS forecast?
SNCR EPS forecast for the fiscal quarter 2024 (Q4) is 0.1.
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