Synchronoss Technologies Inc (OQ:SNCR)

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
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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

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