Core Insights - Synchronoss Technologies announced the expansion of its white-label Synchronoss Personal Cloud platform at CES 2026, focusing on enhancing features for operators and consumers [1][2] - The company highlighted the growth of its managed personal cloud solution, Capsyl, which is designed for quick deployment by service providers and consumer brands [3] - A new activity-driven group experience application was previewed, aimed at creating cloud spaces for specific events, allowing users to easily contribute and access related content [4] Group 1: Platform Enhancements - The upgraded Synchronoss Personal Cloud platform aims to provide secure, scalable, and differentiated cloud services, enhancing core content management, cross-device backup synchronization, and cloud intelligence features [2] - Privacy and security controls have been strengthened, including features like locked folders for sensitive content and refined access and sharing permissions [2] Group 2: Capsyl Development and Market Expansion - Capsyl has surpassed its initial mobile business scope, expanding to support more access types and consumer protection applications, including fixed broadband access and integrated security features [3] - The expansion reflects the growing market demand for integrated cloud services that combine high-end features, localization, and rapid time-to-market capabilities [3] Group 3: New Application Preview - The new cloud-based application focuses on event and group experiences, creating dedicated cloud spaces for specific events to gather photos, videos, and related content [4] - The company is exploring direct-to-consumer application models and potential distribution or integration through strategic partnerships [4] - Synchronoss aims to enhance the way people capture, organize, and remember life experiences while maintaining strong security and privacy controls [4]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Advancing Personal Cloud Capabilities for Operators and ConsumersBRIDGEWATER, N.J., Jan. 06, 2026 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss”) (NASDAQ: SNCR), a global leader and innovator in personal cloud solutions, today announced expanded capabilities across its white-label Synchronoss Personal Cloud platform at CES 2026 in Las Vegas. The company is also highlighting continued momentum for Capsyl, its turnkey personal cloud solution, and previewing a new event-based digital experie ...

Financial Data and Key Metrics Changes - 2024 was a landmark year for the company, achieving a 5.7% year-over-year revenue increase to $173.6 million, exceeding the midpoint of the outlook [7] - Adjusted EBITDA for the full year was over $50 million, a 61% increase year-over-year, with adjusted EBITDA margins at approximately 29% [7][34] - The company reported a net income of $4.6 million for the full year, compared to a net loss of $64.5 million in 2023 [33] Business Line Data and Key Metrics Changes - The company achieved 6% year-over-year subscriber growth in Q4, contributing to a recurring revenue model that now represents 91% of total revenue [7][28] - Adjusted gross profit in Q4 increased by 12.7% to $35 million, representing 79.3% of total revenue [30] - Income from operations for the full year was $21.7 million, a significant improvement from a loss of $10.6 million in 2023 [31] Market Data and Key Metrics Changes - The company signed significant multiyear contract extensions with AT&T and SFR, with over 90% of projected 2025 revenue under multiyear contracts with global tier one customers [8][9] - The company is experiencing positive early indicators of success in expanding its Personal Cloud solution, particularly with AT&T and SoftBank [13][15] Company Strategy and Development Direction - The company is focused on organic growth opportunities within its blue-chip customer base and expanding its Personal Cloud solution offerings [12] - A new go-to-market strategy was announced, introducing Capsyl, a Synchronoss branded Personal Cloud product aimed at smaller and international operators [22] - The company is leveraging AI and machine learning to enhance user engagement and improve operational efficiency [11][48] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth prospects for 2025, anticipating mid-single digit subscriber growth across the existing customer base [18] - The company expects to achieve a revenue range of $170 million to $180 million for 2025, with adjusted EBITDA projected between $52 million and $56 million [37] - Management highlighted the importance of the tax refund process, which is expected to positively impact the company's financial position [36] Other Important Information - The company reported a free cash flow of $9.1 million in Q4, a significant improvement from a negative $4.4 million in the prior year [34] - The company is actively exploring options for debt refinancing and expects to have a clear path for refinancing senior notes and term loans [55] Q&A Session Summary Question: Can you talk about the degree of cost-cutting or efficiency efforts completed and any expected seasonality? - Management believes cost-cutting actions are substantially complete but will continue to seek efficiencies, especially with AI technologies [42] - Revenue is expected to be steady throughout 2025, with potential increases in Q4 due to new customer opportunities [44] Question: How does AI impact revenue opportunities and cost efficiency? - AI is seen as a way to enrich consumer experience and create additional revenue opportunities, while also improving operational efficiency [48][49] Question: What are the plans for debt refinancing? - The company is actively looking at debt refinancing options and expects to have a clear path in the coming months [55] Question: How important is the prepaid sector to growth? - The prepaid sector currently represents less than 5% of the total customer base but is expected to grow and contribute to subscriber revenue projections in 2025 [58]