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0 0 0 0 -0.0540540540540541 -0.086672879776328 -0.0773532152842498 -0.0857409133271202
Stock impact report

Synchronoss Technologies GAAP EPS of -$1.46 misses by $0.80, revenue of $41.4M beats by $0.25M [Seeking Alpha]

Synchronoss Technologies, Inc. (SNCR) 
Last synchronoss technologies, inc. earnings: 3/9 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: synchronoss.com/company/investor-relations
Company Research Source: Seeking Alpha
Outlook: Synchronoss anticipates the continuation of positive trends it experienced with its customers throughout 2023. Coupled with its recent addition of SoftBank, the expiry of certain payment obligations and removal of other general costs in Q1, and the superior revenue to cash conversion capabilities of Cloud as a standalone business, Synchronoss is expecting net cash flow to be at least $10 million for 2024. The Company expects Cloud subscriber growth to be in the high-single-digit to low-double-digit range throughout 2024. For the fiscal year ending December 31, 2024, the Company expects GAAP revenue to range between $170.0 million and $175.0 million, consistent with the previously communicated range of 5-8% growth. The Company expects adjusted EBITDA to range between $42.0 million and $45.0 million in 2024, consistent with the previously communicated margin range. Recommended For You More Trending News Recommended For You More Trending News About SNCR Stock Show less Read more
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