Synacor (SYNC) Tops Q2 EPS by 2c

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Synacor Reports Second Quarter 2020 Financial Results

August 11, 2020 4:05 PM EDT

Company Announces $10 million Cost Reduction Plan

BUFFALO, N.Y.--(BUSINESS WIRE)-- Synacor, Inc. (Nasdaq: SYNC), a leading provider of cloud-based Collaboration and Identity Management software and services serving global enterprises, video, internet and communications providers, and governments, today announced its financial results for the second quarter ended June 30, 2020.

Second Quarter Highlights

Second quarter revenue of $18.2 million Second quarter GAAP net loss of $3.2 million and Adjusted EBITDA of $0.5 million Software & Services segment revenue of $10.9 million, up... More