Synacor (SYNC) Reports In-Line Q1 EPS

Synacor (NASDAQ: SYNC) reported Q1 EPS of ($0.21), in-line with the analyst estimate of ($0.21). Revenue for the quarter came in at $26.5 million versus the consensus estimate of $27.31 million.

Guidance

Based on information available as of May 10, 2017, the Company is providing financial guidance for the second quarter and fiscal 2017 as follows:

• Q2 2017 Guidance: Revenue for the second quarter of 2017 is projected to be in the range of $28.0 million to $30.0 million. The Company expects to report a net loss of $3.2 million to $5.0 million and adjusted EBITDA of ($1.5) million to $0.0 million, which excludes stock-based compensation expense of $0.7 million to $0.8 million, depreciation and amortization expense of $2.2 million to $2.4 million and tax, interest expense and other income and expense of approximately $0.3 million.
• Fiscal 2017 Guidance: As announced earlier, revenue for the full year of 2017 is projected to be in the range of $160.0 million to $170.0 million. The Company expects to report a net loss in the range of $2.8 million to $8.0 million and adjusted EBITDA in the range of $6.0 million to $10.0 million, which excludes stock-based compensation expense of $2.8 million to $3.2 million, depreciation and amortization expense of $8.8 million to $9.6 million, and tax, interest expense and other income and expense of $1.2 million.

For earnings history and earnings-related data on Synacor (SYNC) click here.

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