Revenue and Guidance - First quarter revenue was $42.2 million, with 93.1% of it being recurring revenue[1][6] - The company reaffirms its full-year revenue guidance of between $170 million and $180 million[1][12] - Recurring revenue is expected to be at least 90% of total revenue for the year[1][12] - Net revenues for Q1 2025 were $42,213 thousand, a decrease of 1.75% from $42,965 thousand in Q1 2024[27] Profitability and Margins - Gross margin expanded to 70.4%, while adjusted gross margin rose to 79.0%[1][7] - Adjusted EBITDA increased by 17.0% to $12.7 million, with an adjusted EBITDA margin of 30.2%[1][12] - Adjusted gross margin is projected to be between 78% and 80% for the full year[1][12] - Adjusted gross profit for Q1 2025 was $33,359 thousand, an increase from $32,789 thousand in Q1 2024, resulting in an adjusted gross margin of 79.0%[31] Net Income and Loss - The company reported a net loss of $3.8 million, compared to a net income of $4.5 million in the prior year period[1][7] - Net loss attributable to Synchronoss was $3,817 thousand in Q1 2025, compared to a net income of $2,341 thousand in Q1 2024[32] - Basic earnings per share for Q1 2025 was $(0.37), down from $0.24 in Q1 2024[27] Cash Flow and Expenses - Free cash flow for the first quarter was $(3.0) million, compared to $(3.3) million in the prior year period[1][12] - Free cash flow for Q1 2025 was $(3,017) thousand, compared to $(3,276) thousand in Q1 2024[34] - Cash and cash equivalents decreased to $29,138 thousand as of March 31, 2025, from $33,375 thousand at the end of 2024[30] - Total costs and expenses decreased by 11.5% to $33,984 thousand in Q1 2025 from $38,389 thousand in Q1 2024[27] Operational Performance - Income from operations increased significantly to $8,229 thousand in Q1 2025, compared to $4,576 thousand in Q1 2024[27] - Net cash provided by operating activities was $293 thousand in Q1 2025, down from $527 thousand in Q1 2024[34] Debt and Financing - The company closed a $200 million term loan refinancing, extending debt maturity until 2029[1][4] Stock-Based Compensation - The company reported a significant increase in stock-based compensation expense to $2,129 thousand in Q1 2025 from $1,110 thousand in Q1 2024[32]

Synchronoss (SNCR) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 and welcome to the Synchronoss Technologies First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Ryan Gardella, Investor Relations. Thank you, sir. You may begin. Speaker1 Joining us today are Synchronoss ...

First Quarter Revenue was $42.2 Million, Including 93.1% Recurring Revenue GAAP Gross Margin Expands to 70.4%; Adjusted Gross Margin Rises to 79.0% Closed $200 Million Term Loan Refinancing in April, Extending Debt Maturity Until 2029 Reaffirms All Full Year Guidance Metrics BRIDGEWATER, N.J., May 06, 2025 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in Personal Cloud platforms, today reported financial results for its first ...

Synchronoss (SNCR) closed at $10.48 in the latest trading session, marking a +0.38% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.15%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.09%.Heading into today, shares of the mobile services company had lost 6.2% over the past month, lagging the Computer and Technology sector's gain of 1.15% and the S&P 500's loss of 0.21% in that time.The investment community will be paying close attentio ...

BRIDGEWATER, N.J., April 29, 2025 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc. ("Synchronoss" or the "Company") (Nasdaq: SNCR), a global leader and innovator in Personal Cloud platforms, announced that it has entered into an agreement with TP Birch Grove to refinance its existing senior notes and term loan facilities with a new $200 million, four-year term loan, extending the maturity of its debt and further enhancing the Company's financial flexibility. Proceeds from the Term Loan will be used to repa ...

Group 1 - Synchronoss (SNCR) ended the recent trading session at $10.53, showing a +1.74% change from the previous day's closing price, which lagged behind the S&P 500's daily gain of 2.51% [1] - Over the past month, Synchronoss shares experienced a loss of 13.89%, underperforming the Computer and Technology sector's loss of 12.18% and the S&P 500's loss of 8.86% [1] Group 2 - The upcoming financial results for Synchronoss are anticipated to show an EPS of $0.29, reflecting a 34.09% decline compared to the same quarter last year, with a revenue estimate of $42.11 million, indicating a 2% decrease from the same quarter last year [2] - For the annual period, the Zacks Consensus Estimates predict earnings of $1.58 per share and revenue of $174.4 million, representing shifts of -3.07% and +0.46% respectively from the previous year [3] Group 3 - The Zacks Rank system, which assesses estimate changes, indicates that positive revisions can signal optimism about a company's business outlook [4] - Synchronoss currently holds a Zacks Rank of 2 (Buy), with the consensus EPS estimate remaining unchanged over the last 30 days [5] Group 4 - Synchronoss is trading at a Forward P/E ratio of 6.55, significantly lower than the industry average Forward P/E of 23.39, suggesting that the company is trading at a discount [6] - The Internet - Software industry, part of the Computer and Technology sector, has a current Zacks Industry Rank of 82, placing it in the top 34% of all industries [6]

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and ...

Core Viewpoint - Synchronoss Technologies (SNCR) has shown strong performance in the stock market, with a 12.2% return over the past three months, outperforming both the Zacks Computer and Technology sector and the Internet - Software industry [1] Group 1: Recent Performance - The recent rally in SNCR shares is attributed to a strong fourth-quarter 2024 performance, driven by a growing cloud subscriber base, particularly in its Personal Cloud solution [2] - In the fourth quarter of 2024, Synchronoss reported a 6% year-over-year increase in cloud subscribers, contributing to overall revenue growth [4] - The company has outperformed industry peers such as Appian, BlackBerry, and Five9, whose shares have declined significantly over the same period [1] Group 2: Product and Market Expansion - The expanding cloud market is creating favorable conditions for SNCR, with its Personal Cloud platform designed to enhance revenue, customer engagement, and digital security for network operators and mobile insurance providers [3] - SNCR launched an enhanced version of its Personal Cloud platform in Q3 2024, introducing features like "Memories" and AI-enhanced "Genius" to improve user engagement [5] - The company also introduced Capsyl Cloud, a turnkey personal cloud platform aimed at mobile operators and broadband service providers, facilitating rapid deployment of secure cloud services [6] Group 3: Partnerships and Contracts - SNCR is strengthening its market position through partnerships with major telecom providers such as AT&T, Verizon, and SoftBank, which enhances its growth prospects [7] - The relationship with SoftBank is particularly significant, as it allows for broader integration of SNCR's cloud platform across SoftBank's diverse portfolio [8] - In December 2024, SNCR secured a three-year contract extension with a major U.S. telecom operator, providing predictable revenue streams and long-term stability [9] Group 4: Financial Estimates - The Zacks Consensus Estimate for second-quarter 2025 revenues is $42.94 million, indicating a 1.2% year-over-year decline [10] - The consensus estimate for second-quarter 2025 earnings is 39 cents per share, reflecting a year-over-year decrease of 18.75% [11] - For 2025, revenues are estimated at $174.40 million, showing a year-over-year increase of 0.46%, while earnings are projected at $1.58 per share, implying a year-over-year decline of 3.07% [11]

Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

SNCR's full-year Zacks Consensus Estimates are calling for earnings of $1.58 per share and revenue of $174.4 million. These results would represent year-over-year changes of -3.07% and +0.46%, respectively. Investors should also take note of any recent adjustments to analyst estimates for Synchronoss. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performanc ...