NASDAQ$SNCR

Synchronoss Technologies Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Synchronoss reported a strong finish to 2019 with increased revenue and strategic deployments.

Synchronoss Technologies Inc. announced its fourth quarter and full-year 2019 financial results, highlighting a revenue increase in Q4 and a new deployment of its Personal Cloud Solution for AT&T Mobility wireless customers. The company ended the year with a solid cash balance and significant improvements in financial results driven by cost reductions.

  • Revenue for the quarter was $90.6 million.
  • GAAP net loss for the quarter was $14.7 million.
  • Adjusted EBITDA for the quarter was $6.5 million.
  • The company ended the year with $39.0 million of cash on the balance sheet.

Headline financials

Total Revenue

$90.6M

Previous: $82.1M+10.3%
EPS (adj)

-$3.24

Previous: -$22.41+85.5%
Capital Expenditures

$1.11M

Previous: $3.09M-64.2%
Free Cash Flow

$19.6M

Previous: $26.2M-25.1%
Net Income

-$5.93M

Previous: -$94.4M+93.7%
Operating Income

-$18.2M

Previous: -$42.3M+57.0%
Gross Profit

$48.1M

Previous: $51.1M-5.8%
Cash & Equivalents

$39M

Previous: $104M-62.4%
Total Assets

$523M

Previous: $703M-25.6%
Stock-Based Comp

$5.25M

Previous: $5.56M-5.6%

Revenue & EPS history

Synchronoss · Revenue · Quarterly

$90.6M

Q4 2019+10.3%vs Q4 2018
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Synchronoss anticipates approximately $15 million of additional cost savings in 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 1 quarterly earnings reports

Historical avg

+1.4%

Avg return

Earnings day

+8.0%

Avg return

5 days after

-6.1%

Avg return

30 days after

48%

29 / 61 earnings

Positive

+40.0%

Q4 2024

Best reaction

-25.4%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2024+40.0%
Q3 2025
Q2 2025
Q1 2025
Q3 2024-15.6%
Q2 2024-4.2%
Q1 2024+32.4%
Q4 2023-17.4%
Q3 2023-19.3%
Q2 2023+5.2%
Q1 2023-4.2%
Q4 2022-20.2%
Q3 2022-4.7%
Q2 2022-5.4%
Q1 2022+4.2%
Q4 2021-9.2%
Q3 2021+9.3%
Q2 2021-7.8%
Q1 2021-1.9%+0.0%-2.0%
Q4 2020-0.3%+15.9%-10.2%
Q3 2020+9.1%
Q2 2020+17.0%
Q1 2020-16.0%
Q4 2019-7.7%
Q3 2019-20.4%
Q2 2019-3.5%
Q1 2019+12.0%
Q4 2018-17.6%
Q3 2018+2.3%
Q2 2018+23.6%
Q1 2018+7.6%
Q4 2017+10.9%
Q2 2017+10.9%
Q3 2017+10.9%
Q1 2017-4.5%
Q4 2016-11.9%
Q3 2016+19.6%
Q2 2016+9.6%
Q1 2016+15.6%
Q4 2015-25.4%
Q3 2015-2.3%
Q2 2015+6.9%
Q1 2015-6.6%
Q4 2014-6.8%
Q3 2014+9.2%
Q2 2014+17.4%
Q1 2014+7.4%
Q4 2013+20.8%
Q3 2013+3.4%
Q2 2013+14.6%
Q1 2013+6.6%
Q4 2012+19.1%
Q3 2012-6.0%
Q2 2012+15.3%
Q1 2011+2.0%
Q1 2012-6.1%
Q4 2009-0.9%
Q4 2011-0.9%
Q3 2011-2.9%
Q3 2010-2.9%
Q2 2011-10.4%
Q4 2010-10.4%
Q2 2010-10.4%
Q1 2010+8.0%

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