NASDAQ$SNCR

Synchronoss Technologies Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported adjusted EBITDA above the high-end of its guidance range and appointed Jeff Miller as President and CEO.

Synchronoss Technologies reported fourth-quarter GAAP revenue of $69.4 million and a net loss of $10.9 million, or $0.26 per share. The company's adjusted EBITDA for the quarter was $6.4 million. Jeff Miller was also appointed as the new President and CEO.

  • GAAP revenue for the quarter was $69.4 million.
  • Recurring revenue for the quarter represented 82% of total GAAP revenue.
  • GAAP net loss for the quarter was $10.9 million or $0.26 per share.
  • Adjusted EBITDA for the quarter was $6.4 million.

Headline financials

Total Revenue

$69.4M

Previous: $90.6M-23.4%
EPS (adj)

-$1.71

Previous: -$3.24+47.2%
Capital Expenditures

$314K

Previous: $1.11M-71.6%
Free Cash Flow

-$9.54M

Previous: $19.6M-148.6%
Net Income

-$10.9M

Previous: -$5.93M-83.6%
Operating Income

-$2.38M

Previous: -$18.2M+86.9%
Gross Profit

$41M

Previous: $48.1M-14.9%
Cash & Equivalents

$33.7M

Previous: $39M-13.6%
Total Assets

$482M

Previous: $523M-7.8%
Stock-Based Comp

-$3.41M

Previous: $5.25M-164.9%

Revenue & EPS history

Synchronoss · Revenue · Quarterly

$69.4M

Q4 2020-23.4%vs Q4 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

The company expects its revenue for full year 2021 to be in the range of $275 million - $285 million, and its adjusted EBITDA for the full year 2021 to be in the range $30 million - $35 million, representing adjusted EBITDA growth of 8% - 26%, respectively.

Historical earnings impact

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

Avg. return before/after earnings

Based on 1 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+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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