Synchronoss Technologies Inc
NASDAQ:SNCR
Synchronoss Technologies Inc
Synchronoss Technologies, Inc. engages in the provision of cloud and enterprise solutions. The company is headquartered in Bridgewater, New Jersey and currently employs 1,536 full-time employees. The company went IPO on 2000-09-19. The firm helps its customers to connect, engage and monetize subscribers by providing platforms, through which end users can sync and store content and connect with one another and the brands they want. The Company’s Synchronoss Personal Cloud platform is designed to store and sync subscriber’s personally created content to and from current and new devices. This allows a carrier’s customers to protect, engage with and manage their personal content. The Synchronoss Personal Cloud platform is specifically designed to support smartphones, tablets and wirelessly enabled consumer electronics such as wearables for health and wellness, cameras, tablets, e-readers, personal navigation devices, and GPS enabled devices, as well as connected automobiles and homes.
Synchronoss Technologies, Inc. engages in the provision of cloud and enterprise solutions. The company is headquartered in Bridgewater, New Jersey and currently employs 1,536 full-time employees. The company went IPO on 2000-09-19. The firm helps its customers to connect, engage and monetize subscribers by providing platforms, through which end users can sync and store content and connect with one another and the brands they want. The Company’s Synchronoss Personal Cloud platform is designed to store and sync subscriber’s personally created content to and from current and new devices. This allows a carrier’s customers to protect, engage with and manage their personal content. The Synchronoss Personal Cloud platform is specifically designed to support smartphones, tablets and wirelessly enabled consumer electronics such as wearables for health and wellness, cameras, tablets, e-readers, personal navigation devices, and GPS enabled devices, as well as connected automobiles and homes.
Revenue Miss: Q3 revenue of $42 million was slightly below expectations, mainly due to weaker subscriber growth and delayed new customer contracts.
Profitability Strong: Despite soft revenue, net income reached $5.8 million and diluted EPS was $0.51, helped by a one-time tax refund interest income.
Recurring Revenue: Recurring revenue made up 93.8% of total revenue, highlighting the stability of the cloud-based model.
Lowered Guidance: Full year 2025 revenue, EBITDA, and free cash flow guidance were all lowered due to subscriber headwinds and delays in new contracts.
Cost Discipline: Operating expenses dropped 3.5% year-over-year, supporting profitability even amid revenue pressure.
Debt Reduction: The company paid down $25.4 million in debt following a $33.9 million tax refund, improving its capital structure.
AI Progress: Management emphasized ongoing investments in AI to enhance products, drive operational efficiency, and deliver new features.
Growth Outlook: Leadership sees current subscriber weakness as temporary, with expectations for improved performance in 2026 driven by new customer launches and market expansion.
