Synchronoss Technologies Announces First Quarter 2020 Results
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Synchronoss Technologies (SNCR) Tops Q1 EPS by 48c, Revenues Beat
May 11, 2020 6:22 AM EDTSynchronoss Technologies (NASDAQ: SNCR) reported Q1 EPS of $0.06, $0.48 better than the analyst estimate of ($0.42). Revenue for the quarter came in at $77.1 million versus the consensus estimate of $74.41 million.
Financial quarter highlights:
Revenue for the quarter was $77.1 million.GAAP net loss for the quarter was $12.0 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 $30.9 million of cash on the balance sheet.Glenn Lurie, president and chief executive... More
