SNCR Research | Milton Maxwell

SNCR

Synchronoss Technologies, Inc.

8.36

-0.02-0.24%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

96.20M

P/E (TTM)

Basic EPS (TTM)

-0.94

Dividend Yield

Recent Filings

8-K

Lumine acquires Synchronoss for $116.4M

2/13/26Feb 13, 2026

Lumine Group completed its $9.00 per share cash acquisition of Synchronoss on February 13, 2026, for ~$116.4M equity value, taking the company private. Synchronoss terminated its credit and receivables agreements, delisted from Nasdaq, and saw its board resign en masse. Now a Lumine subsidiary.

8-K

Merger set at $9/share

2/9/26Feb 9, 2026

Synchronoss Technologies reaffirmed its merger with Lumine Group, confirming no transaction expense overage and setting cash consideration at $9.00 per share. The deal, announced December 3, 2025, eyes closure on February 13, 2026. Merger locks in value. This soliciting material supports shareholder approval amid the pending transaction.

8-K

Synchronoss merger at $9/share

12/4/25Dec 4, 2025

Synchronoss signed a merger agreement on December 3, 2025, with Lumine Group's subsidiary to go private at $9.00 per share in cash, subject to transaction expense adjustments over $24.4M threshold, implying ~$116M equity value. Board unanimously approved; 21% of shares locked in support agreements. Closing hinges on shareholder vote, HSR clearance by June 2026. Deal locks out rivals, but risks stockholder no-show.

10-Q

Q3 FY2025 results

11/4/25Nov 4, 2025

Synchronoss posted Q3 revenue of $42.0M, down 2.2% y/y yet stable q/q, with operating income up 6.4% y/y to $5.9M on slimmer costs—professional services fell but subscriber growth offset. Gross margin held firm; diluted EPS swung to $0.51 from -$0.56, backed by 11.5M shares. Cash climbed to $34.8M after $41.9M YTD operating cash flow (derived), bolstered by $33.9M tax refund used to trim $25.4M off the April 2025 $200M term loan now at $163.2M net, no current portion due. Debt covenants met. Zentry partnership terminated. Reliance on top customers like Verizon and AT&T poses concentration risk.

8-K

Q3 profit on tax refund boost

11/4/25Nov 4, 2025

Synchronoss reported Q3 revenue of $42.0M, down slightly from $43.0M, yet swung to net income of $5.8M and $0.51 diluted EPS, fueled by $33.9M CARES Act tax refund that slashed net debt to 2.7x FY25 adjusted EBITDA. Recurring revenue hit 93.8%. New customer expected 2025.

About

Synchronoss Technologies, Inc. provides white label cloud software and services in North America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content. It also offers professional services, such as consulting, installation and deployment, configuration, customization, systems integration, and support services. The company serves telecom, insurance, and retail sectors. The company markets and sells its services through direct sales force and strategic partners. Synchronoss Technologies, Inc. was incorporated in 2000 and is headquartered in Bridgewater, New Jersey.

CEO

Mr. Stephen G. Waldis

IPO

6/15/2006

Website

https://synchronoss.com

Employees

802

Sector

Technology

Industry

Software - Infrastructure