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Synchronoss Technologies (SNCR)
NASDAQ:SNCR
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Synchronoss Technologies
(NASDAQ:SNCR)
Rating:51Neutral
Price Target:
$6.50
▼(-14.59%Downside)
Synchronoss Technologies (SNCR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$85.66M
Dividend YieldN/A
Average Volume (3M)118.61K
Price to Earnings (P/E)26.8
Beta (1Y)1.64
Revenue Growth-13.46%
EPS Growth95.46%
CountryUS
Employees802
SectorTechnology
Sector Strength86
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.30
Shares Outstanding11,497,976
10 Day Avg. Volume219,233
30 Day Avg. Volume118,612
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.04
Price to Sales (P/S)0.00
P/FCF Ratio-1.56
Enterprise Value/Market Cap1.79
Enterprise Value/Revenue0.22
Enterprise Value/Gross Profit1.17
Enterprise Value/Ebitda1.15
Forecast
1Y Price Target
$16.50Price Target Upside116.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Synchronoss Technologies Business Overview & Revenue Model
Company DescriptionSynchronoss Technologies, Inc. is a global leader in cloud, messaging, digital, and IoT products and platforms. The company provides solutions that enable service providers and enterprises to securely sync, share, and store content, as well as manage connected devices. With a focus on creating innovative and scalable solutions, Synchronoss serves a diverse range of industries, helping businesses enhance customer engagement and streamline operations.
How the Company Makes MoneySynchronoss Technologies generates revenue primarily through the sale of its cloud, messaging, and digital products and services. The company offers subscription-based cloud storage solutions, which provide recurring revenue streams from both individual and enterprise customers. In addition, Synchronoss earns money by licensing its messaging platforms to telecom operators and other service providers. The company also monetizes its digital and IoT solutions through partnerships and collaborations with businesses seeking to leverage its technology for improved customer experience and operational efficiency. Key revenue streams include subscription fees, licensing agreements, and professional services for implementation and support.
Synchronoss Technologies Earnings Call Summary
Earnings Call Date:May 06, 2025
(Q1-2025)
| % Change Since: -26.26%|
Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment Positive
The earnings call reflects a mix of positive trends in subscriber growth, financial improvements, and strategic refinancing, contrasted by revenue challenges, a net loss, and macroeconomic uncertainties. The substantial highlights and strategic achievements slightly outweigh the lowlights.Q1-2025 Updates
Positive Updates
Strong Subscriber and Revenue Growth
Subscriber growth increased by 3.3% across the global customer base, and over 90% of revenue is recurring, with long-term contracts secured for 2025.
Improved Financial Metrics
Adjusted EBITDA increased by 17% year-over-year to $12.7 million, representing an adjusted EBITDA margin of 30.2%.
Successful Debt Refinancing
Refinanced debt with a $200 million, four-year term loan, retiring $121 million in senior notes and $73 million in prior term loans, extending debt maturity to 2029.
Cost Control Achievements
Operational expenses reduced by 11.5% year-over-year through process streamlining and resource optimization.
Strong Partnerships Driving Growth
Continued subscriber growth at AT&T, SoftBank, and Verizon, with new integrations and offerings enhancing cloud service adoption.
Negative Updates
Slight Revenue Decline
Total revenue for the quarter was $42.2 million, slightly down from $43 million in the prior year due to the expiration of a customer contract.
Net Loss for the Quarter
Reported a net loss of $3.8 million or a negative $0.37 per share, primarily due to $5.6 million non-cash foreign exchange losses.
Negative Free Cash Flow
Free cash flow was negative $3 million, and adjusted free cash flow was negative $3.3 million, attributed to historical cash spend trends in the first quarter.
Macroeconomic Challenges and Tariffs
Potential impact of tariffs and global trade uncertainties on partner carriers and device costs, which may affect subscriber growth.
Company Guidance
During the Synchronoss Technologies' First Quarter 2025 earnings call, the company reiterated its annual guidance metrics, highlighting several key financial performance indicators. For the quarter, Synchronoss reported revenue of $42.4 million with a 3.3% growth in subscriber numbers. Adjusted EBITDA rose by 17% year-over-year to $12.7 million, achieving an EBITDA margin of 30.2%. The company maintained over 90% of its revenue as recurring, backed by long-term contracts with major carriers like AT&T, Verizon, and SoftBank. Synchronoss also completed a refinancing transaction with a $200 million, four-year term loan to strengthen its capital structure, reduce senior notes, and support its growth initiatives. Operational expenses were reduced by 11.5% year-over-year, contributing to improved income from operations, which increased by 79.8% to $8.2 million. The company reaffirmed its 2025 guidance, expecting revenue between $170 million and $180 million, adjusted gross margin of 78% to 80%, and adjusted EBITDA in the range of $52 million to $56 million. Despite the challenging macroeconomic environment, Synchronoss remains optimistic about its potential for subscriber growth and cash flow, projecting free cash flow of $11 million to $16 million, excluding the impact of a pending federal tax refund.Synchronoss Technologies Financial Statement Overview
Summary
Synchronoss Technologies faces a mixed financial landscape. While operational efficiency shows signs of improvement, profitability remains a concern with persistent net losses. The balance sheet indicates high leverage, posing financial risks. However, cash flow resilience provides a positive sign of underlying operational strength. The company needs to focus on reducing leverage and enhancing profitability to improve its financial position.Income Statement
The company's income statement reveals a challenging environment. The TTM (Trailing-Twelve-Months) gross profit margin is approximately 75.95%, indicating efficient cost management. However, the net profit margin is negative at -1.22%, reflecting losses. Revenue growth has been inconsistent, with recent declines compared to prior periods. EBIT and EBITDA margins have improved to 14.66% and 17.05% respectively, showing operational improvements.55
Neutral
Balance Sheet
The balance sheet highlights significant leverage, with a high debt-to-equity ratio of approximately 5.71, suggesting financial risk. The equity ratio stands at 12.08%, indicating limited asset financing through equity. Return on equity is negative due to the losses, reflecting challenges in generating shareholder value.40
Negative
Cash Flow
Cash flow analysis shows a stable operating cash flow to net income ratio, suggesting strong cash generation relative to net income. Free cash flow has shown improvement, with a TTM positive free cash flow of $24.52 million. The company displays relatively stable cash management despite inconsistencies in profitability.65
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 172.84M | 173.59M | 164.20M | 252.63M | 280.62M | 291.67M |
| Gross Profit | 131.28M | 134.55M | 121.98M | 160.93M | 171.56M | 169.85M |
| EBITDA | 29.47M | 48.86M | 10.46M | 21.62M | 10.91M | 6.70M |
| Net Income | -2.12M | 6.17M | -54.53M | -7.72M | -23.10M | -10.36M |
Balance Sheet | ||||||
| Total Assets | 293.34M | 293.82M | 310.34M | 398.07M | 450.73M | 482.25M |
| Cash, Cash Equivalents and Short-Term Investments | 29.14M | 33.38M | 24.57M | 21.92M | 31.50M | 33.67M |
| Total Debt | 202.44M | 210.22M | 166.21M | 169.72M | 169.20M | 54.27M |
| Total Liabilities | 245.40M | 251.55M | 212.40M | 249.13M | 274.91M | 201.33M |
| Stockholders Equity | 35.44M | 29.77M | 85.43M | 136.44M | 163.33M | 280.92M |
Cash Flow | ||||||
| Free Cash Flow | 24.52M | 26.38M | -1.04M | -3.81M | -19.55M | -18.51M |
| Operating Cash Flow | 28.05M | 28.28M | 18.83M | 17.36M | 4.95M | -564.00K |
| Investing Cash Flow | -12.64M | -13.13M | 3.80M | -13.17M | -23.94M | -14.34M |
| Financing Cash Flow | -5.00M | -5.85M | -19.98M | -13.28M | 16.19M | 9.99M |
Synchronoss Technologies Technical Analysis
Neutral
7.61
Price Trends
7.74
Negative
8.97
Negative
9.81
Negative
Market Momentum
-0.15
Negative
60.82
Neutral
87.15
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SNCR, the sentiment is Neutral. The current price of 7.61 is above the 20-day moving average (MA) of 6.75, below the 50-day MA of 7.74, and below the 200-day MA of 9.81, indicating a neutral trend. The MACD of -0.15 indicates Negative momentum. The RSI at 60.82 is Neutral, neither overbought nor oversold. The STOCH value of 87.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SNCR.
Synchronoss Technologies Risk Analysis
Synchronoss Technologies disclosed 64 risk factors in its most recent earnings report. Synchronoss Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Synchronoss Technologies Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $18.49B | 28.93 | 28.80% | 1.68% | 3.23% | 7.79% | |
70 Neutral | $4.11B | ― | -12.09% | ― | 11.79% | 35.35% | |
67 Neutral | $479.48M | ― | -0.32% | ― | 18.51% | 97.57% | |
63 Neutral | $33.61B | 6.06 | -11.53% | 1.82% | 5.53% | -18.79% | |
58 Neutral | $263.55M | ― | -60.94% | ― | 128.83% | 73.67% | |
56 Neutral | $405.05M | ― | 24.92% | ― | ― | ― | |
51 Neutral | $85.66M | 26.79 | -3.58% | ― | -13.46% | 95.46% |
* Technology Sector Average
Performance Comparison
SNCR
Synchronoss Technologies
7.61
-2.61
-25.54%
GEN
Gen Digital
29.81
5.61
23.18%
BAND
Bandwidth
16.11
-0.74
-4.39%
TENB
Tenable Holdings
33.64
-10.14
-23.16%
BKKT
Bakkt Holdings, Inc. Class A
18.63
0.87
4.90%
GRRR
Gorilla Technology Group Inc.
21.47
18.81
707.14%
Synchronoss Technologies Corporate Events
Executive/Board ChangesShareholder Meetings
Synchronoss Technologies Holds Annual Stockholder Meeting
Neutral
Jun 11, 2025
At the Annual Meeting, Synchronoss Technologies‘ stockholders voted on several key proposals. The election of three directors to serve as Class I directors until the 2028 annual meeting was approved, with Laurie L. Harris and Jeffrey G. Miller being elected. Additionally, the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified. Furthermore, the compensation of the company’s named executive officers was approved on a non-binding, advisory basis.
The most recent analyst rating on (SNCR) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Synchronoss Technologies stock, see the SNCR Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.