Welcome to our dedicated page for Synchronoss Technologies news (Ticker: SNCR), a resource for investors and traders seeking the latest updates and insights on Synchronoss Technologies stock.
Synchronoss Technologies Inc (NASDAQ: SNCR) provides investors and industry professionals with comprehensive access to official news and developments surrounding its cloud solutions for telecommunications providers. This resource consolidates all press releases and verified updates about the company's white-label personal cloud platform, strategic partnerships, and operational milestones.
Visitors gain immediate access to critical announcements including quarterly earnings reports, product innovation updates, and strategic collaborations with global telecom operators. The curated collection serves as an essential tool for tracking SNCR's progress in enabling secure digital content management through its SaaS solutions.
Key updates cover developments in artificial intelligence integration, market expansion initiatives, and enhancements to its flagship Personal Cloud platform. All content is verified through primary sources to ensure accuracy and timeliness for decision-makers.
Bookmark this page for streamlined monitoring of Synchronoss' advancements in cloud technology and its role in shaping mobile-first digital experiences worldwide. Return regularly to maintain current awareness of the company's position in the evolving telecom software sector.
Synchronoss Technologies (NASDAQ: SNCR), a global leader in personal cloud platforms, has been added to the US small-cap Russell 2000® Index, effective June 30, 2025. This inclusion, which lasts for one year, comes as part of the 2025 Russell indexes reconstitution and automatically includes SNCR in corresponding growth and value indexes.
The Russell indexes serve as key benchmarks for investment managers and institutional investors, with approximately $10.6 trillion in assets benchmarked against Russell US indexes as of June 2024. CEO Jeff Miller highlighted this milestone as validation of the company's strategic vision focused on delivering innovative cloud solutions for telecom and mobile operators using AI and machine learning technologies.
Synchronoss Technologies has successfully completed a major debt refinancing initiative, securing a new $200 million four-year term loan through TP Birch Grove. The refinancing extends the company's debt maturity to April 24, 2029.
The new term loan will be used to repay:
- $73.6 million remaining principal from original $75 million term loan
- $121 million remainder of senior notes
- $8 million from balance sheet for transaction costs
The loan is priced at SOFR plus 700 basis points, with one 50bps leverage-based stepdown. TD Cowen served as Exclusive Financial Advisor, while Kirkland & Ellis and Cahill Gordon & Reindel provided legal counsel. This refinancing strengthens Synchronoss's capital structure, enabling further investment in their Personal Cloud solution while providing enhanced operational flexibility.
Synchronoss Technologies (Nasdaq: SNCR), a global leader in Personal Cloud platforms, has scheduled its first quarter 2025 earnings conference call for Tuesday, May 6, 2025, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). The company will release its financial results for the quarter ended March 31, 2025, via press release before the call.
The earnings call will include a presentation by management followed by a Q&A session. Investors can access the call through domestic (877-451-6152) or international (201-389-0879) dial-in numbers using Conference ID 13753247. The call will also be broadcast live through the company's website.
Synchronoss Technologies (SNCR) reported strong Q4 2024 results with revenue growing 6.8% year-over-year to $44.2 million, including 91% recurring revenue. The company's GAAP gross margin expanded to 69.1%, while adjusted gross margin rose to 79.3%.
Key Q4 highlights include: net income of $7.9 million, $7.3 million in income from operations, $9.1 million in free cash flow, and $13.9 million in adjusted EBITDA. The company secured a three-year extension with a major U.S. telecom provider for their Personal Cloud solution.
For full-year 2024, SNCR achieved:
- Total revenue of $173.6 million, up 5.7% year-over-year
- 91.2% recurring revenue
- Adjusted EBITDA of $50.4 million, a 60.6% increase
- Net income of $4.6 million ($0.43 per diluted share)
2025 outlook projects revenue between $170-180 million, adjusted EBITDA of $52-56 million, and free cash flow of $11-16 million, with recurring revenue expected to remain above 90%.
Synchronoss Technologies (NASDAQ: SNCR) has unveiled Capsyl Cloud™, a new turn-key personal cloud platform for mobile operators and broadband service providers. The platform, which has been in beta testing since 2022, enables rapid deployment of secure, scalable cloud services with minimal capital expenditure.
Capsyl Cloud features AI-powered capabilities including memory curation, intelligent search, content cleanup, and image enhancement tools. The solution builds upon Synchronoss Personal Cloud's infrastructure, which currently serves over 11 million users worldwide.
Telkomsel, Indonesia's largest mobile network operator, is the first to implement Capsyl Cloud, offering the service to its prepaid and post-paid subscribers. Synchronoss anticipates strong demand in Southeast Asian markets, including Indonesia, the Philippines, Thailand, and Vietnam, where operators seek revenue-generating cloud services to increase ARPU and reduce churn.
Synchronoss Technologies (NASDAQ: SNCR), a global leader in Personal Cloud platforms, has scheduled its fourth quarter and full year 2024 earnings conference call for Tuesday, March 11, 2025, at 4:30 p.m. Eastern time. The company will release its financial results via press release before the call.
The earnings call will include a presentation by management followed by a Q&A session. Investors can access the call through domestic (877-451-6152) or international (201-389-0879) dial-in numbers using conference ID 13751475. The call will also be broadcast live through the company's website.
Synchronoss Technologies (NASDAQ: SNCR), a global leader in Personal Cloud platforms, has announced its participation in two upcoming investor conferences. Jeff Miller, President and CEO, and Louis Ferraro, CFO, will represent the company at these events.
The first presentation will take place at the ICR Conference on January 13, 2025, at 11:00 AM ET. This presentation will be accessible via webcast through the Synchronoss Investor Relations website. The second appearance will be at the Needham Growth Conference on January 16, 2025, where interested parties can arrange one-on-one meetings with management through Needham sales representatives.
Synchronoss Technologies (NASDAQ: SNCR) has unveiled its next-generation Personal Cloud platform at CES 2025, featuring enhanced AI-powered tools and improved functionality. The platform, which currently supports over 11 million subscribers worldwide, processes more than 50 million photos daily and manages 230 petabytes of storage.
The white-label cloud solution, available through AT&T, Verizon, and SoftBank, offers secure storage and backup capabilities for photos, videos, and digital files. Key enhancements include expanded AI-powered photo editing tools, improved interface, and advanced backup functionality for both iPhone and Android users.
The platform introduces new features such as customizable slideshows with soundtracks, an expanded Genius photo editing suite with 3D, Sketch, Anime, Art Style, and Color Pop options, plus advanced tools including Background Remover, Emojis, and Smart Stickers. Unlike third-party solutions, Synchronoss Personal Cloud prioritizes data security and privacy without monitoring user behavior or displaying ads.
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