Synchronoss
Business Intelligence (BI) Software · New Jersey, United States · 1,321 Employees
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About
Headquarters
200 Crossing Blvd, Bridgewater, New Jersey, 088...Phone Number
(866) 620-3940Website
www.synchronoss.comRevenue
$167.6 MillionStock Symbol
SNCRIndustry
Most Recent Scoops
Earnings
reported Q3 revenue of $43 million, an 8% increase year-over-year, and adjusted EBITDA of $12.7 million, up 37% from the prior year. The company also reported positive net cash flow generation and 5.1% year-over-year subscriber growth.
Earnings
reported Q3 total revenue of $43 million, up 8% year-over-year, with recurring revenue at 92.2% of total revenue. Adjusted gross profit increased 12.4% to $34.2 million, while income from operations improved to $5.5 million from a loss of $3.8 million in the prior year period.
Highlights
$814M
Total Funding Amount
$75M
Most Recent Funding Amount
9
Number of Funding Rounds
Who is Synchronoss
Synchronoss Technologies, Inc. provides cloud solutions and software-based activation for connected devices worldwide. The companys products and services include cloud-based sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, and identity/access management that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, and multi-channel retailers, as well as other customers to accelerate and monetize value-add services for secure and broadband networks and connected devices. It also provides Synchronoss Enterprise solutions, such as secure mobility management, data and analytics, and identity and access management solutions for the financial, telecommunications, healthcare, life sciences, and government sectors; and Synchronoss Personal Cloud platform that delivers an operator-branded experience for subscribers to backup, restorRead more
Synchronoss Org Chart
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Synchronoss Tech Stack
A closer look at the technologies used by Synchronoss
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Most Recent Scoops
Earnings
reported Q3 revenue of $43 million, an 8% increase year-over-year, and adjusted EBITDA of $12.7 million, up 37% from the prior year. The company also reported positive net cash flow generation and 5.1% year-over-year subscriber growth.
Earnings, Business Intelligence, Analytics & Insights, Accounting, Financial Reporting, Finance
Earnings
reported Q3 total revenue of $43 million, up 8% year-over-year, with recurring revenue at 92.2% of total revenue. Adjusted gross profit increased 12.4% to $34.2 million, while income from operations improved to $5.5 million from a loss of $3.8 million in the prior year period.
Earnings, Accounting, Financial Reporting, Finance, Operations, Revenue Operations
Project
Synchronoss has launched auto-scaling across multiple customers, resulting in significant benefits including a nearly 50% reduction in compute expenses for one major customer.
Cloud, Infrastructure
Pain Point
Synchronoss is actively pursuing the receipt of approximately $28 million in federal tax refunds, contacting the IRS Taxpayer Advocate Service and working with local and state-level representatives to expedite the process.
Governmental Affairs & Regulation, Finance, Financial Operations, Operations, Regulations
Project
Cloud, User Experience, Product Launch, Artificial Intelligence
Synchronoss News & Media
Synchronoss Launches Enhanced Version of Personal Cloud Solution at CES 2025 Purpose-Built for Service Providers
Synchronoss Launches Enhanced Version of Personal Cloud Solution at CES 2025 Purpose-Built for Service ProvidersSynchronoss Announces Three-Year Contract Extension with Major U.S Telecom Provider
Synchronoss Announces Three-Year Contract Extension with Major U.S Telecom ProviderSynchronoss Technologies to Present at Upcoming Investor Conferences
BRIDGEWATER, N.J., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in Personal Cloud platforms, today announced that Jeff Miller, President and CEO, and Louis Ferraro, CFO, will participate at two upcoming investor conferences.Synchronoss Technologies Reports Third Quarter 2024 Results
Third Quarter Revenue Grew 8% Year-Over-Year to $43.0 Million, Including 92.2% Recurring Revenue
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Frequently Asked Questions Regarding Synchronoss
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Synchronoss Technologies, Inc. provides cloud solutions and software-based activation for connected devices worldwide. The companys products and services include cloud-based sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, and identity/access management that enable commun... Read More
