Synacor (SYNC) Tops Q1 EPS by 2c, Revenues Miss; Withdraws FY20 Guidance

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Go back to Synacor (SYNC) Tops Q1 EPS by 2c, Revenues Miss; Withdraws FY20 Guidance

Synacor Reports First Quarter 2020 Financial Results; Strength In Software Offset By COVID-19 Impact On Publisher Advertising

May 6, 2020 4:05 PM EDT

BUFFALO, N.Y.--(BUSINESS WIRE)-- Synacor, Inc. (Nasdaq: SYNC), a cloud-based software and services company serving global video, internet and communications providers, device manufacturers, governments and enterprises, today announced its financial results for the first quarter ended March 31, 2020.

First Quarter Highlights

First quarter revenue of $20.6 million First quarter GAAP net loss of $4.5 million and Adjusted EBITDA of $0.3 million 260 new and expansion customers for Zimbra email and collaboration platform. Ramping up the previously announced significant new streaming services Cloud ID... More