Synacor (SYNC) Tops Q1 EPS by 1c; Revenues Beat; Provides Q2 Revenue Guidance Below Consensus, Affirms FY19 Revenue Outlook
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Synacor Reports Strong Q1 Earnings, Exceeding Q1 Guidance
May 8, 2019 4:20 PM EDTCompany initiates segment reporting for its Software & Services and Portal & Advertising businesses Q1 2019 GAAP net loss of $2.2 million, adjusted net loss of $1.2 million; significantly improved from adjusted net loss of $2.4 million in Q1 2018 Adjusted EBITDA of $1.7 million, up 179% from $0.6 million in the year-ago quarter Revenue of $31.8 million, in line with guidance; software revenue of $11.2 million grew 4.4% from the year-ago quarter 96 new customers and 184 contract expansions for Zimbra email and collaboration platform
BUFFALO, N.Y.--(BUSINESS WIRE)-- Synacor, Inc.... More
