Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive has a strong emphasis on technology adoption to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Financial Performance - Fourth quarter revenue increased by 6.8% year-over-year to $44.2 million, with 91% of this revenue being recurring[1] - Total revenue for the full year 2024 was $173.6 million, reflecting a 5.7% increase from the previous year, driven by 6.0% cloud subscriber growth[3] - Net income for the fourth quarter was $7.9 million, compared to a net loss of $35.0 million in the prior year period[6] - Net income from continuing operations for the year 2024 was $6,154 thousand, compared to a loss of $34,054 thousand in 2023[25] - GAAP net income for Q4 2024 was $7,889,000 compared to a loss of $35,001,000 in Q4 2023[27] - Non-GAAP net income for Q4 2024 was $10,419,000, a significant improvement from a loss of $10,400,000 in Q4 2023[27] Profitability Metrics - Gross margin expanded to 69.1%, while adjusted gross margin rose to 79.3%[1] - Adjusted EBITDA for the full year increased by 60.6% to $50.4 million, with an adjusted EBITDA margin of 29.0%[6] - The company reported an adjusted gross profit of $35,042 thousand for Q4 2024, with an adjusted gross margin of 79.3%[26] - Adjusted EBITDA for the year ended December 31, 2024, was $50,414,000, up from $31,396,000 in 2023[28] Cash Flow and Liquidity - Free cash flow for 2025 is anticipated to be between $11 million and $16 million, excluding the expected federal tax refund[11] - Cash and cash equivalents at the end of Q4 2024 were $33.4 million, up from $25.2 million at the end of Q3 2024[6] - Net cash provided by operating activities for the year 2024 was $28,280 thousand, compared to $18,829 thousand in 2023, an increase of 50.5%[25] - Free cash flow for Q4 2024 was $9,054,000, recovering from a negative $4,392,000 in Q4 2023[29] - The company reported a net cash provided by operating activities of $13,075,000 for Q4 2024, compared to a cash outflow of $407,000 in Q4 2023[29] Expenses and Costs - Total costs and expenses for the year 2024 were $151,912 thousand, down from $174,842 thousand in 2023, a reduction of 13.1%[21] - Interest expense increased to $18,003 thousand in 2024 from $13,963 thousand in 2023, a rise of 29.1%[21] - Stock-based compensation expense for Q4 2024 was $996,000, an increase from $501,000 in Q4 2023[27] - Restructuring, transition, and cease-use lease expenses for Q4 2024 totaled $1,976,000, down from $4,140,000 in Q4 2023[27] Future Outlook - The company expects 2025 revenue to be between $170 million and $180 million, with recurring revenue projected to be at least 90% of total revenue[11] - The launch of Capsyl, a new turn-key personal cloud platform, is aimed at mobile operators and broadband service providers[3] Shareholder Metrics - The weighted-average common shares outstanding for diluted earnings per share increased to 11,038 thousand in 2024 from 9,822 thousand in 2023[23] - The weighted-average shares outstanding for diluted earnings in Q4 2024 were 11,038,000, compared to 9,822,000 in Q4 2023[27]

Fourth Quarter Revenue Grew 6.8% Year-Over-Year to $44.2 Million, Including 91% Recurring Revenue GAAP Gross Margin Expands to 69.1%; Adjusted Gross Margin Rises to 79.3% Announced Three-Year Contract Extension with Major U.S. Telecom Provider in December Unveiled Capsyl, a Turn-Key Personal Cloud Solution for Global Operators, in March 2025 BRIDGEWATER, N.J., March 11, 2025 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in Pe ...

Group 1 - Proactive specializes in providing fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive has a strong emphasis on technology adoption, utilizing both human expertise and technological tools to enhance workflows [4] - The company employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Group 1 - Synchronoss (SNCR) closed at $8.66, reflecting a +1.88% increase, outperforming the S&P 500's 1.12% gain [1] - Over the past month, Synchronoss shares have declined by 12.46%, while the Computer and Technology sector and the S&P 500 have lost 7.5% and 4.13% respectively [1] Group 2 - Synchronoss is set to announce its earnings on March 11, 2025, with an expected EPS of $0.10, representing a 111.76% increase year-over-year [2] - Revenue is anticipated to reach $43.64 million, indicating a 5.41% rise compared to the same quarter last year [2] Group 3 - Recent modifications to analyst estimates for Synchronoss are crucial, as they reflect short-term business trends and positive revisions are seen as favorable for the company's outlook [3] - The Zacks Rank system, which incorporates these estimate changes, provides a rating system for actionable insights [4] Group 4 - Synchronoss currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [5] - The company has a Forward P/E ratio of 5.84, significantly lower than the industry average of 25.91 [6] Group 5 - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 133, placing it in the bottom 48% of over 250 industries [6][7]

Core Insights - Synchronoss Technologies has launched a new personal cloud platform, Capsyl Cloud, designed for mobile operators and broadband service providers to quickly deploy consumer cloud services and achieve profitability [2][4] - Capsyl Cloud offers a secure, cross-platform solution for users to store, manage, and protect their digital content across various devices, enhancing user experience [2][3] Product Features - Capsyl Cloud integrates AI tools to help users organize, reminisce, and optimize their digital memories, providing a more engaging personal cloud experience [3][5] - The platform supports a range of deployment options and revenue models, including tiered storage plans, bundled packages, and freemium services, allowing service providers to easily implement the solution with minimal capital expenditure [3][4] Market Demand - Following its initial deployment with Telkomsel, Indonesia's largest mobile network operator, Synchronoss anticipates strong demand for Capsyl Cloud in Southeast Asia, particularly in Indonesia, the Philippines, Thailand, and Vietnam [4] - Service providers in these regions are actively seeking revenue-generating cloud services to increase average revenue per user, reduce customer churn, and enhance customer engagement [4] Security and Compliance - Capsyl Cloud adheres to the highest industry standards for data security, privacy, and compliance, ensuring that user content is accessible across devices and remains protected [6]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has a presence in key finance and investing hubs with offices in London, New York, Toronto, Vancouver, Sydney, and Perth [2] Group 2 - The company utilizes technology to enhance workflows and has a forward-looking approach to technology adoption [4] - Proactive employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5] - The editorial team produces around 50,000 pieces of real-time news, feature articles, and filmed interviews annually [1]

Core Insights - Synchronoss Technologies has launched Capsyl Cloud, a turn-key personal cloud platform aimed at mobile operators and broadband service providers, enabling them to quickly deploy and monetize consumer cloud services [1][6] - Capsyl Cloud offers a secure, cross-platform solution for users to store and manage digital content across devices, enhancing user experience through seamless integration [3][9] - The platform incorporates advanced AI capabilities to improve content organization, discovery, and optimization, providing a more engaging personal cloud experience [4][8] Product Features - Capsyl Cloud allows users to store various types of digital content, including photos, videos, documents, and messages, across multiple devices [3] - AI-driven features include memory curation, intelligent search and organization, content cleanup, and enhancement tools [4][8] - The platform is designed for minimal capital expenditure, allowing service providers to quickly introduce personal cloud solutions alongside existing services [6] Market Positioning - The first deployment of Capsyl Cloud is by Telkomsel, Indonesia's largest mobile network operator, which aims to enhance customer experience by providing secure cloud storage solutions [7] - Synchronoss anticipates strong demand for Capsyl Cloud in Southeast Asia, particularly in Indonesia, the Philippines, Thailand, and Vietnam, as operators seek to increase average revenue per user (ARPU) and reduce churn [7][9] - The platform adheres to high industry standards for data security and privacy, ensuring user content is protected and accessible [9]

Core Insights - Synchronoss Technologies, Inc. has launched Capsyl Cloud™, a turn-key personal cloud platform aimed at mobile operators and broadband service providers, enabling them to quickly deploy and monetize consumer cloud services [1][6] - Capsyl Cloud is designed to enhance user experience by providing a secure, cross-platform solution for managing digital content across various devices [3][9] Product Features - Capsyl Cloud offers AI-powered tools for organizing and optimizing digital memories, including features like AI-curated memories, intelligent search and organization, content cleanup, and genius AI tools for image enhancement [4][8] - The platform supports a variety of deployment options, including tiered storage plans and freemium offerings, allowing service providers to tailor their services to customer needs [6][9] Market Positioning - The platform has been tested extensively since 2022 and is built on the proven technology of Synchronoss Personal Cloud, which currently supports over 11 million users globally [5] - Telkomsel, Indonesia's largest mobile network operator, is the first to deploy Capsyl Cloud, indicating strong initial market interest and potential for expansion in Southeast Asia [7][9] Industry Demand - There is a growing demand for cloud services among mobile operators in Southeast Asia, particularly in Indonesia, the Philippines, Thailand, and Vietnam, as they seek to increase average revenue per user (ARPU) and reduce customer churn [9]

Core Insights - Synchronoss Technologies (SNCR) stock is trading at a significant discount with a Value Score of A, reflecting a forward 12-month Price/Sales ratio of 0.55X, lower than its median of 0.59X and the sector's average of 6.32X [1][2] Financial Performance - SNCR's shares have dropped 4.7% year to date, underperforming the broader sector's decline of 0.9% and the Internet Software industry's appreciation of 8.2% [5] - The company reported an 8% year-over-year growth in total revenues, driven by a 5.1% increase in cloud subscribers [12] - The Zacks Consensus Estimate for 2024 revenues is pegged at $173.03 million, suggesting a 19.32% decline over 2023 [17] Strategic Developments - In January 2025, SNCR launched a next-generation Personal Cloud platform with enhanced features, supporting over 11 million subscribers [13][14] - The company secured a three-year contract extension with AT&T for its Personal Cloud solution and with SFR, part of Altice France, enhancing its partner base [15] Guidance and Estimates - SNCR raised its 2024 revenue guidance to between $172 million and $175 million, with recurring revenues expected to be between 90% and 92% of total revenues [16] - The consensus estimate for 2025 revenues is pegged at $180.87 million, suggesting a 4.53% growth over 2024 [18] Market Position - SNCR is trading below the 50-day and 200-day moving averages, indicating a bearish trend [8] - The company is cheaper than peers like Microsoft and Dropbox, which are trading at P/S ratios of 9.73X and 3.15X, respectively [2]