Loading...
•
Dec 31, 2019
Synchronoss Q4 2019 Earnings Report
Synchronoss reported a strong finish to 2019 with increased revenue and strategic deployments.
Key Takeaways
Synchronoss Technologies Inc. announced its fourth quarter and full-year 2019 financial results, highlighting a revenue increase in Q4 and a new deployment of its Personal Cloud Solution for AT&T Mobility wireless customers. The company ended the year with a solid cash balance and significant improvements in financial results driven by cost reductions.
Revenue for the quarter was $90.6 million.
GAAP net loss for the quarter was $14.7 million.
Adjusted EBITDA for the quarter was $6.5 million.
The company ended the year with $39.0 million of cash on the balance sheet.
Forward Guidance
Synchronoss anticipates approximately $15 million of additional cost savings in 2020.
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...