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Synchronoss Technologies provides personal cloud solutions for global network operators and has shown solid YTD performance with a 72% increase in share price. The company's financials have improved with steady revenue and profitability growth, driven by operations streamlining. The recent contract extensions with Verizon and Softbank should help drive subscriber growth and increase recurring r...
Synchronoss Technologies, Inc. (NASDAQ:SNCR ) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Jeff Miller - President and CEO Lou Ferraro - CFO Conference Call Participants Aditya Dagaonkar - Northland Capital Matt Schwarz - MAZE Investments Operator Good afternoon. Welcome to Synchronoss Technologies First Quarter 2024 Earnings Conference Call.
Q1 Revenue Grew to $43.0 Million, Surpassing 91% Recurring Revenue GAAP Gross Margin Expands to 67%; Adjusted Gross Margin Rises to 76% Streamlined Operations Improve Profitability with Net Income Increasing by $15.7 Million Year-Over-Year; EPS Improved to $0.23 from $(1.39) in Q1 2023; Adjusted EBITDA Improved 78% to $10.9 Million Company Reaffirms 2024 Guidance BRIDGEWATER, N.J., May 07, 2024...
BRIDGEWATER, N.J., April 22, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a leading global provider of personal cloud software and services, will hold a conference call on Tuesday, May 7, 2024 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the first quarter ended March 31, 2024. Financial res...
When you think about tech disruptor stocks, it's hard not to mention Uber Technologies (NYSE: UBER ). By making use of the “dead” space found in millions of cars in the U.S. – and increasingly across the world – Uber not only provided a convenient service but also forged an entirely new sharing economy.
Completes Strategic Transformation into a Pure-Play Cloud Company Launches SoftBank Personal Cloud in Q4, Expanding Global Reach of Cloud Platform Q4 Revenue of $41.4 Million Includes Year-Over-Year Cloud Growth and Exceeds Expectations Company Reaffirms 2024 Guidance BRIDGEWATER, N.J., March 12, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc. (“Synchronoss” or the “Company”) (Nasdaq: SN...
BRIDGEWATER, N.J., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a leading global provider of personal cloud software and services, will hold a conference call on Tuesday, March 12, 2024 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2...
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