Synacor (SYNC) Reports In-Line Q4 EPS, Revenues Beat; Offers Q1 & FY19 Revenue Guidance Below Consensus

Synacor (NASDAQ: SYNC) reported Q4 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $39.4 million versus the consensus estimate of $38.71 million.

“We delivered strong operating results,” said Himesh Bhise, Synacor’s chief executive officer. “Our 2018 adjusted EBITDA of $8.5 million was up significantly from $2.3 million a year ago. High-margin recurring software revenue from our collaboration and identity platforms was $35.8 million, growing 11% year over year.”

“In 2019, we will continue to focus on this high-margin, recurring revenue. Along with our shift to segment reporting, we are aligning organizational processes to better drive performance in each of our Software and Advertising businesses. This is reflected in our adjusted EBITDA guidance of $10 million to $12 million, which is 18% to 42% higher than 2018,” added Bhise.

GUIDANCE:

Synacor sees Q1 2019 revenue of $31-33 million, versus the consensus of $33.29 million.

Synacor sees FY2019 revenue of $137-145 million, versus the consensus of $152.37 million.

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

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