February 28, 2015 9:10 AM ET

Internet Software and Services

Company Overview of Synacor, Inc.

Company Overview

Synacor, Inc. provides startpages and homescreens, TV Everywhere solutions, Identity Management services, and various cloud-based services across a range of devices for cable, satellite, telecom, and consumer electronics companies in the United States, and the United Kingdom. The company’s technology allows customers to package a range of personalized, online content, and cloud-based services with their high-speed Internet, communications, television and other offerings. It also offers authentication and aggregation solutions that enable the delivery of personalized online content; and provides search and display advertising services. Further, the company offers subscriber-based services, in...

40 La Riviere Drive

Suite 300

Buffalo, NY 14202

United States

Founded in 1998

Phone:

716-853-1362

Fax:

716-332-0081

Key Executives for Synacor, Inc.

Founder and President of Sales & Marketing
Age: 40
Total Annual Compensation: $300.0K
Chief Financial Officer, Principal Accounting Officer and Corporate Secretary
Age: 62
Total Annual Compensation: $310.0K
Company Advisor
Age: 58
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

Synacor, Inc. Key Developments

Synacor, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Fiscal 2015

Synacor, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net loss of $6,418,000 or $0.23 per basic and diluted share on revenue of $30,909,000 against net income of $173,000 or $0.01 per basic and diluted share on revenue of $29,406,000 a year ago. Income from operations of $1,311,000 compared to $793,000 a year ago. Income before income taxes and equity interest of $1,250,000 compared to $732,000 a year ago. Adjusted EBITDA was $3,971,000 compared to $2,754,000 a year ago. For the full year, the company reported net loss of $12,931,000 or $0.47 per basic and diluted share on revenue of $106,579,000 against net loss of $1,367,000 or $0.05 per basic and diluted share on revenue of $111,807,000 a year ago. Loss from operations of $6,801,000 compared to $710,000 a year ago. Loss before income taxes and equity interest of $7,047,000 compared to $940,000 a year ago. Net cash used in operating activities of $3,309,000 compared to net cash provided in operating activities of $5,228,000 a year ago. Purchases of property and equipment of $4,982,000 compared to $5,920,000 a year ago. Adjusted EBITDA was $2,180,000 compared to $6,501,000 a year ago. Revenue for the first quarter of 2015 is projected to be in the range of $24.0 million to $26.0 million. For the first quarter of 2015, the company expects to report adjusted EBITDA of $0 to $1 million. Revenue for the full year of 2015 is projected to be in the range of $95.0 million to $100.0 million. For the full year of 2015, the company expects to report adjusted EBITDA of $1.5 million to $3.5 million.

Synacor, Inc. to Report Q4, 2014 Results on Feb 25, 2015

Synacor, Inc. announced that they will report Q4, 2014 results at 5:00 PM, US Eastern Standard Time on Feb 25, 2015

Synacor, Inc., Q4 2014 Earnings Call, Feb 25, 2015

Synacor, Inc., Q4 2014 Earnings Call, Feb 25, 2015

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