Synacor (SYNC) Tops Q1 EPS by 2c, Revenues Miss; Withdraws FY20 Guidance
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Synacor Reports First Quarter 2020 Financial Results; Strength In Software Offset By COVID-19 Impact On Publisher Advertising
May 6, 2020 4:05 PM EDTBUFFALO, 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