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Dec 31, 2020
Synchronoss Q4 2020 Earnings Report
Reported adjusted EBITDA above the high-end of its guidance range and appointed Jeff Miller as President and CEO.
Key Takeaways
Synchronoss Technologies reported fourth-quarter GAAP revenue of $69.4 million and a net loss of $10.9 million, or $0.26 per share. The company's adjusted EBITDA for the quarter was $6.4 million. Jeff Miller was also appointed as the new President and CEO.
GAAP revenue for the quarter was $69.4 million.
Recurring revenue for the quarter represented 82% of total GAAP revenue.
GAAP net loss for the quarter was $10.9 million or $0.26 per share.
Adjusted EBITDA for the quarter was $6.4 million.
Forward Guidance
The company expects its revenue for full year 2021 to be in the range of $275 million - $285 million, and its adjusted EBITDA for the full year 2021 to be in the range $30 million - $35 million, representing adjusted EBITDA growth of 8% - 26%, respectively.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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