Synacor (SYNC) Reports In-Line Q4 EPS, Revenues Beat; Offers Q1 & FY19 Revenue Guidance Below Consensus
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Synacor Exceeds 2018 Revenue Guidance, Reports 11% Increase in Recurring Software Revenue
March 13, 2019 4:05 PM EDTAnnounces shift to segment reporting in Q1 2019 for its Software and Advertising businesses 2018 total revenue of $143.9 million exceeded guidance; recurring software revenue of $35.8 million grew 11% YoY 2018 net loss narrowed to $7.6 million; Adj. EBITDA of $8.5 million, up 262% from a year ago Notable Q4 customer wins include 116 new Zimbra email enterprise and government customers, three-million-user Zimbra deal in Japan, and a new Cloud ID agreement with Newsy
BUFFALO, N.Y.--(BUSINESS WIRE)-- Synacor, Inc. (Nasdaq: SYNC), the trusted technology development,... More
