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Synacor +5.5%, Q3 results better-than-projected

Published 11/14/2016, 04:22 PM
Synacor +5.5%, Q3 results better-than-projected
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SYNC
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  • Results – revenue $31.72M (+20.4% Y/Y, $1.03M above estimates) [company-issued guidance $29M-$31M], EPS -$0.11 ($0.08 above estimates), net loss $3.4M, adjusted EBITDA $0.2M (company-issued guidance -$2M to -$3M)
  • Q4 projections – revenue $34M-$38M, net loss $2.5M-$3.2M, adjusted EBITDA $0.0M-$1M
  • FY 2016 projections – revenue $126M-$130M, net loss $10.2M-$10.9M, adjusted EBITDA $2M-$3M
  • Synacor (NASDAQ:SYNC) CEO Himesh Bhise: "We are making great strides in advancing our technology and products, in particular this quarter, with our AT&T (NYSE:T) partnership, Zimbra Open Source and Cloud ID offerings. We remain well positioned in the growing digital markets that we serve and are on track to deliver on our target of $300 million in revenue and $30 million in adjusted EBITDA in 2019."
  • Prior quarters overview
  • Conference call
  • Press release

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