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, 2024 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 | --- | --- | |------------------------------------------------------------------------------------|----- ...

J Studios/DigitalVision via Getty Images This article analyzes Synchronoss Technologies, Inc. (NASDAQ:SNCR) Q2 2024 results and the earnings call. It also reviews the company's valuation since my last article in February. Synchronoss' results for the year were in line with guidance and expectations, delivering mid-single-digit top-line growth with good operating leverage after divestment in 2023. This operating leverage has led to the company recovering operating profitability, an important point given its ...

Synchronoss Technologies, Inc. (NASDAQ:SNCR) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Ryan Gardella - Investor Relations Jeff Miller - President & Chief Executive Officer Lou Ferraro - Chief Financial Officer Conference Call Participants Jon Hickman - Ladenburg Aditya Dagaonkar - Northland Capital Operator Good day, and thank you for standing by. Welcome to the Synchronoss Technologies Second Quarter 2024 Earnings Conference Call. At this time, all participants are in ...

Synchronoss (SNCR) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 585.71%. A quarter ago, it was expected that this mobile services company would post a loss of $0.50 per share when it actually produced earnings of $0.44, delivering a surprise of 188%. Over the last four quarters, the c ...

Exhibit 99.1 Synchronoss Technologies Reports Second Quarter 2024 Results Q2 Revenue Grew 6% Year-Over-Year to $43.5 Million, Including 90.5% Recurring Revenue GAAP Gross Margin Expands to 67.5%; Adjusted Gross Margin Rises to 77.5% Year-Over-Year, Net Income Increased by $11.1 Million, EPS Improved to $0.01 from $(1.13) and Adjusted EBITDA Improved 115% to $13.0 Million Retired the Company's Preferred Stock, Reducing Total Net Debt and Cost of Capital, Using a New $75 million Term Loan Facility BRIDGEWATER ...

Synchronoss Technologies (SNCR) is set to release its second-quarter 2024 results on Aug 6. The Zacks Consensus Estimate for the top line is currently pegged at $43.09 million, indicating a 27.84% decline from the year-ago quarter's reported figure. The consensus mark for earnings is pegged at 7 cents per share, unchanged in the past 30 days. Quarterly earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing the same on one occasion, the average surprise being 28.82%. ...

Synchronoss (SNCR) closed the most recent trading day at $10.01, making no change from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 2.32% for the day. At the same time, the Dow lost 1.25%, and the tech-heavy Nasdaq lost 3.64%. The investment community will be closely monitoring the performance of Synchronoss in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2024. The company's upcoming EPS is projected at $0.07, sign ...

BRIDGEWATER, N.J., July 23, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc. ("Synchronoss" or the "Company") (NASDAQ:SNCR), a global leader and innovator in Personal Cloud platforms, will hold a conference call on Tuesday, August 6, 2024 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the second quarter ended June 30, 2024. Financial results will be issued in a press release prior to the call. Please register online at least 10 minutes prior to the start time. ...

Synchronoss (SNCR) ended the recent trading session at $9.87, demonstrating a +1.54% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 1.39%. Meanwhile, the Dow experienced a rise of 0.6%, and the technology-dominated Nasdaq saw a decrease of 2.77%. Coming into today, shares of the mobile services company had gained 25.42% in the past month. In that same time, the Computer and Technology sector gained 1.25%, while the S&P 500 gained 4.43%. Market participants will ...

The the stock of mobile services company has risen by 8.8% in the past month, lagging the Computer and Technology sector's gain of 9.48% and overreaching the S&P 500's gain of 5.11%. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Synchronoss. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Valuation is also importa ...