Synchronoss Technologies(SNCR)
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Synchronoss Technologies(SNCR) - 2022 Q3 - Quarterly Report
2022-11-08 21:52
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40574 SYNCHRONOSS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 06-15 ...
Synchronoss Technologies(SNCR) - 2022 Q2 - Earnings Call Transcript
2022-08-09 22:39
Financial Data and Key Metrics Changes - Cloud revenue grew year-over-year by 12%, now representing 67% of total revenue, up from 54% in 2021 [7][40] - Total revenue decreased by 9% to $65.2 million from $71.5 million in the prior year [45] - Net income improved to $5.3 million, compared to a net loss of $23.9 million in the prior year [49] - Adjusted EBITDA increased by 7% to $14.2 million, representing 21.8% of revenue [50] - Free cash flow was positive at $3.6 million, with adjusted free cash flow at $6.7 million [51] Business Line Data and Key Metrics Changes - Cloud business saw invoiced revenue increase by 10.3% year-over-year to $37.4 million [12][43] - Digital revenue decreased by 14% year-over-year to $10.4 million due to divestiture of non-strategic assets [41] - Messaging revenue decreased by 45% year-over-year to $11.3 million, attributed to the dissolution of the cross-carrier messaging initiative [41] Market Data and Key Metrics Changes - Subscriber growth for cloud products increased by 18% year-over-year, improving from 16% growth in Q2 of 2021 [7][39] - The company launched two new premium personal cloud solutions with Telkomsel, targeting 170 million potential customers in Indonesia [9][19] Company Strategy and Development Direction - The company aims to simplify its business composition to focus on the cloud business, driving free cash flow and profitability [11][62] - Strategic priorities include protecting and growing subscribers, expanding the global customer base, and delivering anchor features [13] Management's Comments on Operating Environment and Future Outlook - Management noted that despite global market challenges, the company achieved accelerated adoption in core offerings [10] - The company expects continued double-digit cloud subscriber growth and improvements in cash generation [57][60] - Management anticipates slight declines in Q3 revenue and EBITDA due to non-recurring revenue impacts [58] Other Important Information - The company successfully divested its digital experience platform and activation solutions for up to $14 million [30][31] - A civil penalty of $12.5 million was agreed upon as part of a settlement with the SEC regarding historical financial data restatements [56] Q&A Session Summary Question: Insights on subscriber growth and churn in the cloud business - Management indicated that gross adds remain solid, contributing positively to cloud service activation, and fixed wireless access is a new growth area [70][71][72] Question: Outlook for Q3 revenue and segment performance - Management highlighted that Q3 revenue would face headwinds from deferred revenue and the digital business would remain stable to slightly growing [73][75] Question: Updates on RCS messaging in the US - Management confirmed that RCS services are operational with Verizon, but expansion is ongoing, and revenue growth is expected in 2023 [84][85][92] Question: Impact of inflation on subscriber growth - Management reported no significant inflationary pressure affecting commercial activities, benefiting from bundled services [99] Question: Current headcount and future expectations - Current headcount is approximately 1,400, expected to remain stable with slight potential decreases [101]
Synchronoss Technologies(SNCR) - 2022 Q2 - Quarterly Report
2022-08-09 20:38
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40574 SYNCHRONOSS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 06-1594540 ...
Synchronoss Technologies(SNCR) - 2022 Q1 - Earnings Call Transcript
2022-05-11 02:15
Synchronoss Technologies, Inc. (NASDAQ:SNCR) Q1 2022 Earnings Conference Call May 10, 2022 4:30 PM ET Company Participants Jeff Miller - President and Chief Executive Officer Taylor Greenwald - Chief Financial Officer Conference Call Participants Josh Nichols - B. Riley Jon Hickman - Ladenburg Operator Good afternoon and welcome to Synchronoss Technologies Fiscal First Quarter 2022 Earnings Conference Call. Joining us today are Synchronoss Technologies’ President and CEO, Jeff Miller; and CFO, Taylor Greenw ...
Synchronoss Technologies(SNCR) - 2022 Q1 - Quarterly Report
2022-05-10 20:37
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40574 SYNCHRONOSS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 06-1594540 (State or other jurisdiction of incorporation o ...
Synchronoss Technologies(SNCR) - 2021 Q4 - Annual Report
2022-03-15 20:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40574 SYNCHRONOSS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of i ...
Synchronoss Technologies(SNCR) - 2021 Q4 - Earnings Call Transcript
2022-03-09 01:19
Synchronoss Technologies, Inc. (NASDAQ:SNCR) Q4 2021 Earnings Conference Call March 8, 2022 4:30 PM ET Company Participants Jeff Miller - CEO Taylor Greenwald - CFO Conference Call Participants Josh Nichols - B. Riley Mike Latimore - Northland Capital Jon Hickman - Ladenburg Operator Good afternoon. Welcome to Synchronoss Technologies Fiscal Fourth Quarter and Full Year 2021 Earnings Conference Call. Joining us today are Synchronoss Technologies President and CEO, Jeff Miller, and CFO, Taylor Greenwald. Fol ...
Synchronoss Technologies(SNCR) - 2021 Q3 - Quarterly Report
2021-11-09 21:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40574 SYNCHRONOSS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 06-15 ...
Synchronoss Technologies(SNCR) - 2021 Q3 - Earnings Call Transcript
2021-11-09 00:41
Synchronoss Technologies, Inc. (NASDAQ:SNCR) Q3 2021 Earnings Conference Call November 8, 2021 4:30 PM ET Company Participants Jeff Miller – CEO Taylor Greenwald – CFO Lou Ferraro – Chief Human Resources Officer Todd Kehrli – Investor Relations Conference Call Participants Mike Latimore – Northland Capital Markets Josh Nichols – B. Riley, FBR Operator Good day and welcome to the Synchronoss Technologies Third Quarter 2021 Financial Results Conference Call. Today's conference is being recorded. At this time ...
Synchronoss Technologies (SNCR) Presents At B. Riley Summer Summit - Slideshow
2021-08-23 19:06
synchronoss B. Riley Summer Summit August 2021 1 Legal Disclaimers This presentation has been prepared by Synchronoss Technologies, Inc. (the "Company") solely for informational purposes based on its own information, as well as information from public sources. This presentation has been prepared to assist interested parties in making their own evaluation of the Company and does not propose to contain all of the information that may be relevant. In all cases, interested parties should conduct their own inves ...