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Synchronoss Technologies (SNCR)
NASDAQ:SNCR
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.37Last Year’s EPS
0.44Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 11, 2025
|% Change Since: 38.01%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with significant year-over-year growth in revenue and EBITDA, successful strategic transformation, and major contract extensions. However, challenges include the wind-down of BT's legacy offering and non-recurring SoftBank revenue. Despite these challenges, the positive aspects, including new product launches and AI integration, suggest a promising outlook.Company Guidance
During the Synchronoss Technologies Fourth Quarter 2024 Earnings Conference Call, the company provided robust guidance, highlighting a transformative year with a strategic pivot towards becoming a high-margin global cloud solutions provider. For 2025, Synchronoss projects revenue between $170 million and $180 million, with adjusted EBITDA expected to be in the range of $52 million to $56 million, and free cash flow anticipated between $11 million and $16 million. They aim for an adjusted gross margin between 78% and 80%, while maintaining over 90% of revenue as recurring. Despite challenges such as a $6 million revenue loss from BT's wind-down and a non-recurring $2 million from SoftBank integration, Synchronoss expects mid-single-digit subscriber growth and is confident in its ability to achieve double-digit revenue growth in the coming years through strategic expansions and new initiatives such as Capsyl.Strong Financial Performance
Full year revenue reached $173.6 million, a 5.7% increase year-over-year. Adjusted EBITDA increased by approximately 61% year-over-year to over $50 million.
High Margin Transformation
Completion of strategic transformation to a high margin global cloud solutions provider, generating approximately 29% adjusted EBITDA margins.
Significant Contract Extensions
Signed multiyear extensions with AT&T and SFR, with over 90% of 2025 projected revenue under multiyear contracts with tier one customers.
AI and Machine Learning Integration
Introduced AI and machine learning enhancements to the cloud platform, increasing user engagement and offering potential new revenue opportunities.
Launch of Capsyl
Announced Capsyl, a Synchronoss branded Personal Cloud product for smaller and international operators, expanding potential subscriber base.
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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 |
|---|---|---|---|
| Mar 11, 2025 | $7.13 | $9.98 | +39.97% |
| 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% |
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 May 13, 2025, TBA Not Confirmed.
What is Synchronoss Technologies (SNCR) earnings time?
Synchronoss Technologies (SNCR) earnings time is at May 13, 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 2025 (Q1) is 0.37.
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