Synchronoss Technologies (SNCR) Tops Q1 EPS by 48c, Revenues Beat
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Synchronoss Technologies Announces First Quarter 2020 Results
May 11, 2020 6:00 AM EDTBRIDGEWATER, N.J., May 11, 2020 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc. (NASDAQ: SNCR), a global leader and innovator in cloud, messaging, digital and IoT platforms and products, today announced financial results for its first quarter ended March 31, 2020.
Financial quarter highlights:
Revenue for the quarter was $77.1Â million. GAAP net loss for the quarter was $12.0Â million. Synchronoss delivered $1.8 million of adjusted EBITDA for the quarter.Total costs and expenses were down 12.9 percent in the first quarter.Synchronoss ended the quarter with $30.9Â million of... More