Synchronoss Technologies (SNCR) Misses Q2 EPS by 6c

Go back to Synchronoss Technologies (SNCR) Misses Q2 EPS by 6c

Synchronoss Technologies Reports Second Quarter 2022 Results

August 9, 2022 4:06 PM EDT

Cloud Subscriber Growth of 18% Drives Cloud Revenue Increase of 12%

Net Income of $5.3 Million versus Loss of $23.9 Million in the Prior Year

Adjusted EBITDA of $14.2 Million, 21.8% Adjusted EBITDA Margin, Up from 18.6% in the Prior Year

Free Cash Flow of $3.6 Million, Adjusted Free Cash Flow of $6.7 Million

Company Narrows 2022 EBITDA and Revenue Guidance Ranges

BRIDGEWATER, N.J., Aug. 09, 2022 (GLOBE NEWSWIRE) --... More