Synacor Reports Second Quarter 2020 Financial Results

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Synacor (SYNC) Tops Q2 EPS by 2c

August 11, 2020 4:16 PM EDT

Synacor (NASDAQ: SYNC) reported Q2 EPS of ($0.07), $0.02 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $18.18 million versus the consensus estimate of $18.5 million.

Second Quarter Highlights

Second quarter revenue of $18.2 millionSecond quarter GAAP net loss of $3.2 million and Adjusted EBITDA of $0.5 millionSoftware & Services segment revenue of $10.9 million, up 3%, and adjusted EBITDA margins expand to... More