Loading...
•
Mar 31, 2025
Synchronoss Q1 2025 Earnings Report
Synchronoss Technologies reported its first quarter 2025 financial results, highlighting a decrease in total revenue but improvements in gross profit and adjusted EBITDA.
Key Takeaways
Synchronoss Technologies reported total revenue of $42.2 million for Q1 2025, a slight decrease from the prior year, primarily due to a customer contract expiration, partially offset by cloud subscriber growth. The company achieved a GAAP net loss of $3.8 million but saw significant improvements in income from operations and adjusted EBITDA, which were within expectations.
Total revenue for Q1 2025 was $42.2 million, a decrease from $43.0 million in the prior year period.
The company reported a net loss of $3.8 million, or $(0.37) per diluted share, primarily due to non-cash foreign exchange losses.
Adjusted EBITDA increased by 17.0% to $12.7 million, with an adjusted EBITDA margin of 30.2%.
Synchronoss completed a $200 million term loan refinancing, extending debt maturity until 2029 and strengthening its capital structure.
Forward Guidance
Synchronoss Technologies is reiterating its full 2025 financial outlook, expecting revenue between $170 million and $180 million, and adjusted EBITDA between $52 million and $56 million.
Positive Outlook
- Revenue range is projected to be between $170 million and $180 million.
- Recurring revenue is expected to be at least 90% of total revenue.
- Adjusted gross margin is anticipated to be between 78%-80%.
- Adjusted EBITDA is forecasted to be between $52 million and $56 million, equaling at least 30% adjusted EBITDA margin.
- Free Cash Flow is projected to be between $11 million and $16 million, excluding the federal tax refund.
Challenges Ahead
- The free cash flow guidance excludes the effect of the federal tax refund, which is expected to be received in 2025.
- The company's ability to sustain or increase revenue from larger customers and generate revenue from new customers is a risk factor.
- The timing and amount of tax refunds are subject to uncertainty.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...