Sector: Technology | Industry: IT Services & Consulting |
See Regulatory Filings on SEC |
Company Contact | |
Address: | SUITE 600, 750 ROUTE 202 SOUTH BRIDGEWATER NJ 08807 |
Tel: | 1-949-5743860 |
Website: | https://synchronoss.com |
IR: | See website |
Key People | ||
Stephen G. Waldis Executive Chairman of the Board | Jeffrey George Miller President, Chief Executive Officer, Director | Louis W. Ferraro Chief Financial Officer, Executive Vice President |
Mina R. Lackner Chief Human Resource Officer, Senior Vice President | Patrick J. Doran Executive Vice President, Chief Technology Officer | Christina B. Gabrys Chief Legal Officer, Senior Vice President, Company Secretary |
Business Overview |
Synchronoss Technologies, Inc. is a provider of white label cloud, messaging, digital and network management solutions that enable its customers to keep subscribers, systems, networks and content in sync. The Company's Synchronoss Personal Cloud solution is designed to create an engaging and trusted customer experience through ongoing content management and engagement. Its Synchronoss Personal Cloud platform is a white label platform that allows its customers' subscribers to backup and protect, engage with, and manage their personal content and gives its operator customers the ability to increase average revenue per user (ARPU) and reduce churn. The Synchronoss Personal Cloud platform is designed to support smartphones, tablets, desktops computers, and laptops. Its Advanced Messaging platform is a messaging platform that expands capabilities for communications service provider and multi-service providers to offer Person-to-Person (P2P) messaging via Rich Communications Services (RCS). |
Financial Overview |
For the fiscal year ended 31 December 2023, Synchronoss Technologies Inc revenues decreased 6% to $164.2M. Net loss applicable to common stockholders excluding extraordinary items increased from $16.5M to $44M. Revenues reflect EMEA segment decrease of 10% to $7.2M. Higher net loss reflects FX gains decrease from $2.8M (income) to $5.1M (expense), Selling, general and administrative increase of 7% to $62.2M (expense). |
Employees: | 1,321 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $257.10M as of Dec 31, 2023 |
Annual revenue (TTM): | $164.20M as of Dec 31, 2023 |
EBITDA (TTM): | $22.63M as of Dec 31, 2023 |
Net annual income (TTM): | -$44.03M as of Dec 31, 2023 |
Free cash flow (TTM): | -$10.89M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $112.20M as of Dec 31, 2023 |
Shares outstanding: | 10,311,380 as of Mar 13, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |