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Last $1.38 USD
Change Today +0.0299 / 2.21%
Volume 26.7K
SYNC On Other Exchanges
As of 8:10 PM 10/2/15 All times are local (Market data is delayed by at least 15 minutes).

synacor inc (SYNC) Snapshot

Previous Close
Day High
Day Low
52 Week High
03/18/15 - $2.83
52 Week Low
08/24/15 - $1.03
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Average Volume 10 Days
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Dividend Yield
Current Stock Chart for SYNACOR INC (SYNC)

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synacor inc (SYNC) Details

Synacor, Inc. provides startpages and homescreens, video solutions, identity management services, and various cloud-based services for a range of devices to cable, satellite, telecom, and consumer electronics companies in the United States and Internationally. 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 creates, designs, and develops multi-device startpages, such as personalized contents to engage the consumers of Internet and communications providers, and device manufacturers in its media and programming library; offers digital advertising services through video, image, and text advertisements; and provides streaming video services to find TV shows, movies, and short-form videos from various genres at one place. The company also offers cloud ID products, which are identity management platforms for access controlling, ID usage auditing, and fraud prevention; hosting and management services for Web-based email products; and migration services to migrate from other email hosts to its email products. In addition, it provides free-to-subscriber contents and services; and paid content and premium services. The company was formerly known as CKMP, Inc. and changed its name to Synacor, Inc. in July 2001. Synacor, Inc. was founded in 1998 and is headquartered in Buffalo, New York.

258 Employees
Last Reported Date: 03/12/15
Founded in 1998

synacor inc (SYNC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $205.1K
Founder and President of Sales & Marketing
Total Annual Compensation: $302.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $310.0K
Company Advisor
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

synacor inc (SYNC) Key Developments

Synacor, Inc. Enters Second Amendment to Loan and Security Agreement with Silicon Valley Bank

On September 25, 2015 Synacor, Inc. entered into the Second Amendment to Loan and Security Agreement with Silicon Valley Bank. The Amendment amends certain covenants, including financial covenants, and certain definitions used in the Loan and Security Agreement dated as of September 25, 2013 by and between Synacor and SVB, as previously amended on October 28, 2014. The Amendment also increases the secured revolving line of credit under the Loan Agreement from $10 million to $12 million, and extends the Revolving Line maturity date for an additional three years, to September 25, 2018. The Revolving Line is available for cash borrowings and is subject to a borrowing formula based upon eligible accounts receivable.

Charter Communications Operating, LLC Terminates its Use of Certain Portal and TV Everywhere Related Services of Synacor, Inc

On September 11, 2015, Charter Communications Operating, LLC delivered notice to Synacor, Inc. that it is terminating its use of certain portal and TV Everywhere related services under that certain Amended and Restated Master Services Agreement dated April 1, 2010 (as amended, the Agreement). The termination will be effective as of October 31, 2015. The agreement will continue with respect to other services including access to Synacor's technology and support for Charter Communications' own web portal.

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.


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