Synacor Reports Continued Bottomline Improvement in Second Quarter of 2019
SYNACOR INC (SYNC)
Last synacor inc earnings: 11/14 04:05 pm
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Source: Business Wire
Q2 2019 GAAP net loss of $2.5 million, adjusted net loss of $2.2 million; improved from adjusted net loss of $2.3 million in Q2 2018Adjusted EBITDA of $1.62 million, just above the high end of guidance, and up 37% from the year-ago quarterRevenue of $31.8 million, in line with guidance103 new customers and 220 contract expansions for Zimbra email and collaboration platform BUFFALO, N.Y.--(BUSINESS WIRE)--Synacor, Inc. (Nasdaq: SYNC), the trusted technology, multiplatform services and revenue partner for video, internet and communications providers, device manufacturers, governments and enterprises, today announced its financial results for the second quarter ended June 30, 2019.“Our second-quarter results reflect our emphasis on profitability as we focus on building our high-margin, recurring-revenue software business,” said Himesh Bhise, Synacor’s chief executive officer. “Our revenue was in line with our expectations, while our adjusted EBITDA was slightly above our guidance rang
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