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Last $1.46 USD
Change Today -0.02 / -1.35%
Volume 49.5K
SYNC On Other Exchanges
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NASDAQ GM
Frankfurt
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

synacor inc (SYNC) Key Developments

Synacor, Inc. Revises Earnings Guidance for the Full Year of 2015

Synacor, Inc. revised earnings guidance for the full year of 2015. For the year, the company's revenue for the full year of 2015 is projected to be in the range of $102 million to $108 million, compared with the previous guidance of $97 million to $102 million. The company expects to report full-year adjusted EBITDA of $4 million to $6 million, compared with the recently increased guidance of $3.5 million to $5 million.

Synacor, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015

Synacor, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s total revenue was $24.7 million, an increase of 2% compared to $24.2 million in the second quarter of 2014. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), which excludes stock-based compensation expense, was $1.5 million, or 6% of revenue, compared to a loss of $1.2 million, which excludes a $1.0 million pretax gain from the sale of a domain name, for the second quarter of 2014. Net loss was $1.1 million, compared to net loss of $1.9 million in the second quarter of 2014. Loss per share, or EPS, was $0.04, as compared to a loss of $0.07 in the second quarter of 2014. The net loss includes stock-based compensation expense of $0.8 million, or $0.03 per share, in both the second quarter of 2015 and the second quarter of 2014. Cash generated by operating activities was $2.0 million for the second quarter of 2015, compared to $4.6 million used in operating activities in the same period of the prior year. Loss from operations was $0.999 million compared to $2.15 million a year ago. Loss before income taxes and equity interest was $1.04 million compared to $2.17 million a year ago. For the six months, the company’s total revenue was $51.5 million compared to $49.44 million a year ago. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), which excludes stock-based compensation expense, was $2.73 million compared to a loss of $1.86 million a year ago. Loss from operations was $1.97 million compared to $4.56 million a year ago. Loss before income taxes and equity interest was $2.08 million compared to $4.66 million a year ago. Net loss was $2.2 million, compared to net loss of $3.92 million a year ago. Earnings per share, or EPS, were a loss of $0.08, as compared to a loss of $0.14 a year ago. Net cash provided by operating activities was $4.13 million compared to net cash used operating activities of $5.77 million a year ago. Purchases of property and equipment were $1.6 million compared to $2.8 million a year ago. The company provided earnings guidance for the third quarter and full year of 2015. Revenue for the third quarter of 2015 is projected to be in the range of $23.0 million to $24.0 million. The company expects to report adjusted EBITDA of $0.1 million to $0.6 million. Revenue for the full year of 2015 is projected to be in the range of $97.0 million to $102.0 million. For the full year of 2015, the company expects to report adjusted EBITDA of $3.5 million to $5.0 million.

Synacor, Inc. to Report Q2, 2015 Results on Aug 04, 2015

Synacor, Inc. announced that they will report Q2, 2015 results at 5:00 PM, US Eastern Standard Time on Aug 04, 2015

Synacor, Inc., Q2 2015 Earnings Call, Aug 04, 2015

Synacor, Inc., Q2 2015 Earnings Call, Aug 04, 2015

Synacor Amends its Master Services Agreement with Charter Communications Operating LLC

Synacor Inc. on July 24 amended its master services agreement with Charter Communications Inc.'s Charter Communications Operating LLC. The agreement continues with respect to certain services through December 31 and will continue thereafter through December 31, 2018. The deal also continues with respect to certain other services until December 31, 2016. The amendment does not increase the type of services provided by Synacor to the Charter unit. The Charter unit retains the ability to terminate the services earlier, upon prior notice and, in certain instances, the payment to Synacor of an early termination fee.

 

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Industry Analysis

SYNC

Industry Average

Valuation SYNC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 1.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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