Synchronoss Technologies Inc - Understand $sncr stock

$SNCR Market Cap: $151.5 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$183.5M

TTM

Gross Margin

73.82%

TTM

Net Earnings

-$30.57M

TTM

Current Assets

$43.51M

Q2 2024

Current Liabilities

$42.40M

Q2 2024

Current Ratio

102.61%

Q2 2024

Total Assets

$295.7M

Q2 2024

Total Liabilities

$265.1M

Q2 2024

Book Value

$30.62M

Q2 2024

Cash

$23.65M

Q2 2024

P/E

-4.955

Sep 13, 2024 EST

Free Cash Flow

$4.271M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$164.2M	$252.6M	$280.6M	$291.7M	$308.7M	$325.8M	$402.4M	$426.3M	$372.6M	$307.3M	$349.0M	$273.7M	$229.1M	$166.0M	$128.8M	$111.0M	$123.5M	$72.40M	$54.20M	$27.20M	$16.60M
YoY Change	-35.0%	-9.97%	-3.79%	-5.53%	-5.24%	-19.02%	-5.61%	14.42%	21.24%	-11.96%	27.53%	19.47%	38.03%	28.86%	16.04%	-10.12%	70.58%	33.58%	99.26%	63.86%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$164.2M	$252.6M	$280.6M	$291.7M	$308.7M	$325.8M	$402.4M	$426.3M	$372.6M	$307.3M	$349.0M	$273.7M	$229.1M	$166.0M	$128.8M	$111.0M	$123.5M	$72.40M	$54.20M	$27.20M	$16.60M
Cost Of Revenue	$42.22M	$91.70M	$109.1M	$121.8M	$150.4M	$158.8M	$181.5M	$194.7M	$154.8M	$184.4M	$146.2M	$115.7M	$106.6M	$83.22M	$64.46M	$53.50M	$55.30M	$35.60M	$30.20M	$17.70M	$7.700M
Gross Profit	$122.0M	$160.9M	$171.6M	$169.9M	$158.3M	$167.0M	$220.9M	$231.6M	$217.8M	$122.9M	$202.8M	$158.0M	$122.5M	$82.75M	$64.40M	$57.50M	$68.20M	$36.80M	$24.00M	$9.500M	$8.900M
Gross Profit Margin	74.29%	63.7%	61.14%	58.25%	51.27%	51.25%	54.9%	54.33%	58.46%	39.99%	58.1%	57.74%	53.47%	49.86%	50.0%	51.8%	55.22%	50.83%	44.28%	34.93%	53.61%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Selling, General & Admin	$65.22M	$70.33M	$84.99M	$89.29M	$112.8M	$122.1M	$154.0M	$126.2M	$84.59M	$77.08M	$62.10M	$46.68M	$44.89M	$33.74M	$23.70M	$21.70M	$18.50M	$10.50M	$7.500M	$4.300M	$4.100M
YoY Change	-7.27%	-17.25%	-4.82%	-20.82%	-7.65%	-20.73%	22.03%	49.22%	9.74%	24.13%	33.02%	4.0%	33.02%	42.38%	9.22%	17.3%	76.19%	40.0%	74.42%	4.88%
% of Gross Profit	53.47%	43.7%	49.54%	52.56%	71.24%	73.12%	69.73%	54.5%	38.84%	62.73%	30.62%	29.54%	36.64%	40.78%	36.8%	37.74%	27.13%	28.53%	31.25%	45.26%	46.07%
Research & Development	$46.57M	$55.62M	$64.34M	$77.04M	$75.57M	$79.17M	$90.85M	$114.5M	$92.76M	$73.62M	$64.85M	$52.31M	$41.54M	$26.01M	$13.20M	$11.00M	$10.60M	$7.700M	$5.700M	$3.300M	$3.200M
YoY Change	-16.28%	-13.55%	-16.49%	1.95%	-4.55%	-12.85%	-20.65%	23.43%	26.0%	13.53%	23.97%	25.92%	59.72%	97.03%	20.0%	3.77%	37.66%	35.09%	72.73%	3.13%
% of Gross Profit	38.17%	34.56%	37.5%	45.35%	47.74%	47.41%	41.13%	49.44%	42.59%	59.91%	31.97%	33.1%	33.91%	31.43%	20.5%	19.13%	15.54%	20.92%	23.75%	34.74%	35.96%
Depreciation & Amortization	$16.83M	$31.75M	$36.07M	$43.69M	$77.04M	$117.7M	$94.88M	$106.0M	$71.05M	$55.96M	$41.13M	$23.81M	$14.74M	$9.403M	$8.500M	$6.700M	$5.200M	$3.300M	$2.300M	$2.100M	$2.900M
YoY Change	-47.0%	-11.96%	-17.44%	-43.29%	-34.52%	24.0%	-10.46%	49.14%	26.97%	36.06%	72.71%	61.56%	56.75%	10.62%	26.87%	28.85%	57.58%	43.48%	9.52%	-27.59%
% of Gross Profit	13.8%	19.73%	21.02%	25.71%	48.66%	70.45%	42.95%	45.75%	32.62%	45.53%	20.28%	15.07%	12.03%	11.36%	13.2%	11.65%	7.62%	8.97%	9.58%	22.11%	32.58%
Operating Expenses	$111.8M	$125.9M	$149.3M	$166.3M	$188.3M	$201.3M	$244.9M	$240.7M	$177.4M	$150.7M	$126.9M	$98.99M	$86.43M	$59.75M	$45.30M	$39.50M	$34.40M	$21.50M	$15.50M	$9.800M	$10.10M
YoY Change	-11.25%	-15.66%	-10.22%	-11.68%	-6.43%	-17.81%	1.73%	35.73%	17.69%	18.72%	28.24%	14.53%	44.65%	31.9%	14.68%	14.83%	60.0%	38.71%	58.16%	-2.97%
Operating Profit	-$10.65M	$1.322M	-$19.02M	-$48.12M	-$107.8M	-$164.3M	-$129.6M	-$122.6M	-$37.11M	-$3.541M	$34.89M	$41.46M	$18.37M	$9.303M	$19.10M	$18.00M	$33.80M	$15.30M	$8.500M	-$300.0K	-$1.200M
YoY Change	-905.3%	-106.95%	-60.48%	-55.35%	-34.39%	26.75%	5.71%	230.35%	948.09%	-110.15%	-15.83%	125.7%	97.45%	-51.29%	6.11%	-46.75%	120.92%	80.0%	-2933.33%	-75.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Interest Expense	$13.96M	$13.64M	$6.420M	$476.0K	$1.355M	$4.911M	$55.77M	$7.414M	$5.711M	$3.430M	$1.089M	$998.0K	$928.0K	$917.0K	-$200.0K	$2.300M	$3.900M	$2.200M	$100.0K	$300.0K	$200.0K
YoY Change	2.37%	112.46%	1248.74%	-64.87%	-72.41%	-91.19%	652.24%	29.82%	66.5%	214.97%	9.12%	7.54%	1.2%	-558.5%	-108.7%	-41.03%	77.27%	2100.0%	-66.67%	50.0%
% of Operating Profit		1031.77%									3.12%	2.41%	5.05%	9.86%	-1.05%	12.78%	11.54%	14.38%	1.18%
Other Income/Expense, Net	-$5.128M	$3.447M	-$4.877M	$9.535M	$7.389M	-$74.92M	-$17.68M	$1.022M	$607.0K	$441.0K	$200.0K	-$889.0K	-$97.00K	-$317.0K
YoY Change	-248.77%	-170.68%	-151.15%	29.04%	-109.86%	323.79%	-1829.75%	68.37%	37.64%	120.5%	-122.5%	816.49%	-69.4%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Pretax Income	-$29.31M	-$5.857M	-$30.28M	-$37.47M	-$101.3M	-$263.2M	-$229.1M	-$127.1M	-$40.17M	-$5.265M	$34.58M	$42.66M	$18.36M	$9.097M	$18.80M	$20.30M	$37.70M	$17.50M	$8.600M	$0.00	-$1.000M
YoY Change	400.44%	-80.65%	-19.19%	-63.01%	-61.51%	14.88%	80.26%	216.38%	662.96%	-115.23%	-18.95%	132.39%	101.81%	-51.61%	-7.39%	-46.15%	115.43%	103.49%		-100.0%
Income Tax	$4.700M	$1.900M	-$7.200M	-$27.10M	$2.174M	-$17.89M	-$34.86M	-$33.22M	-$2.388M	-$3.242M	$11.23M	$15.58M	$3.233M	$5.223M	$6.500M	$8.400M	$14.00M	$7.300M	-$3.800M	$0.00	$0.00
% Of Pretax Income											32.47%	36.52%	17.61%	57.41%	34.57%	41.38%	37.14%	41.71%	-44.19%
Net Earnings	-$54.57M	-$7.716M	-$23.10M	-$10.36M	-$104.6M	-$218.2M	-$109.4M	$11.89M	$3.113M	$38.90M	$23.35M	$27.08M	$15.13M	$3.874M	$12.30M	$11.90M	$23.80M	$10.10M	$12.40M	$0.00	-$1.000M
YoY Change	607.24%	-66.59%	123.0%	-90.1%	-52.06%	99.34%	-1020.11%	282.08%	-92.0%	66.57%	-13.78%	79.05%	290.45%	-68.5%	3.36%	-50.0%	135.64%	-18.55%		-100.0%
Net Earnings / Revenue	-33.24%	-3.05%	-8.23%	-3.55%	-33.88%	-66.95%	-27.2%	2.79%	0.84%	12.66%	6.69%	9.9%	6.6%	2.33%	9.55%	10.72%	19.27%	13.95%	22.88%	0.0%	-6.02%
Basic Earnings Per Share	-$6.62	-$0.20	-$0.90	-$1.16	-$3.36	-$6.05	-$2.45	$0.27	$0.07	$0.96	$0.60	$0.71	$0.44	$0.12	$0.40
Diluted Earnings Per Share	-$6.62	-$0.20	-$0.90	-$1.16	-$3.36	-$6.05	-$2.45	$0.27	$0.07	$0.96	$0.58	$0.69	$0.43	$0.12	$0.39	$369.6K	$712.6K	$345.9K	$498.0K	$0.00	-$102.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$24.57M	$21.92M	$31.50M	$33.70M	$39.00M	$132.0M	$159.4M	$182.3M	$214.0M	$287.1M	$72.60M	$56.20M	$120.9M	$182.1M	$92.50M	$74.50M	$94.60M	$77.70M	$12.90M	$4.600M
YoY Change	12.09%	-30.42%	-6.52%	-13.59%	-70.45%	-17.19%	-12.56%	-14.81%	-25.46%	295.45%	29.18%	-53.52%	-33.61%	96.86%	24.16%	-21.25%	21.75%	502.33%	180.43%
Cash & Equivalents	$24.57M	$21.92M	$31.50M	$33.70M	$39.00M	$103.8M	$156.3M	$169.8M	$147.6M	$236.0M	$63.50M	$36.00M	$69.40M	$180.4M	$89.90M	$72.20M	$92.80M	$73.90M	$8.800M	$3.400M
Short-Term Investments				$0.00	$0.00	$28.20M	$3.100M	$12.50M	$66.40M	$51.10M	$9.100M	$20.20M	$51.50M	$1.800M	$2.600M	$2.300M	$1.900M	$3.800M	$4.200M	$1.200M
Other Short-Term Assets	$33.95M	$36.34M	$42.90M	$39.80M	$38.00M	$59.70M	$133.4M	$79.90M	$56.80M	$36.50M	$24.10M	$28.10M	$20.00M	$11.90M	$5.600M	$4.400M	$3.100M	$2.000M	$5.200M	$700.0K
YoY Change	-6.57%	-15.29%	7.79%	4.74%	-36.35%	-55.25%	66.96%	40.67%	55.62%	51.45%	-14.23%	40.5%	68.07%	112.5%	27.27%	41.94%	55.0%	-61.54%	642.86%
Inventory
Prepaid Expenses
Receivables	$23.48M	$47.02M	$47.59M	$47.80M	$65.90M	$102.8M	$78.20M	$107.5M	$136.1M	$118.4M	$64.90M	$75.00M	$57.40M	$34.90M	$25.90M	$25.30M	$26.70M	$16.90M	$13.10M	$7.200M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$82.00M	$105.3M	$122.0M	$121.4M	$142.9M	$294.5M	$371.0M	$369.7M	$406.9M	$441.9M	$161.6M	$159.3M	$198.3M	$229.0M	$124.0M	$104.2M	$124.6M	$96.60M	$31.20M	$12.50M
YoY Change	-22.12%	-13.69%	0.49%	-15.05%	-51.48%	-20.62%	0.35%	-9.14%	-7.92%	173.45%	1.44%	-19.67%	-13.41%	84.68%	19.0%	-16.37%	28.99%	209.62%	149.6%
Property, Plant & Equipment	$18.46M	$25.45M	$33.38M	$46.30M	$80.50M	$67.90M	$111.8M	$158.2M	$168.3M	$151.2M	$106.1M	$58.20M	$35.00M	$32.60M	$23.70M	$17.30M	$10.50M	$5.300M	$4.200M	$4.100M
YoY Change	-27.44%	-23.77%	-27.91%	-42.48%	18.56%	-39.27%	-29.33%	-6.0%	11.31%	42.51%	82.3%	66.29%	7.36%	37.55%	36.99%	64.76%	98.11%	26.19%	2.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments					$0.00	$8.300M	$33.90M	$46.60M	$19.60M	$3.300M	$5.000M	$700.0K	$31.60M	$7.500M	$5.200M	$4.300M	$1.200M	$1.300M	$3.100M	$5.900M
YoY Change					-100.0%	-75.52%	-27.25%	137.76%	493.94%	-34.0%	614.29%	-97.78%	321.33%	44.23%	20.93%	258.33%	-7.69%	-58.06%	-47.46%
Other Assets	$3.749M	$4.081M	$5.619M	$7.400M	$8.100M	$9.000M	$5.200M	$21.90M	$59.00M	$19.80M	$14.60M	$10.40M	$15.10M	$19.00M	$10.00M	$9.100M	$2.800M	$1.800M	$1.700M	$200.0K
YoY Change	-8.14%	-27.37%	-24.07%	-8.64%	-10.0%	73.08%	-76.26%	-62.88%	197.98%	35.62%	40.38%	-31.13%	-20.53%	90.0%	9.89%	225.0%	55.56%	5.88%	750.0%
Total Long-Term Assets	$228.3M	$292.8M	$328.7M	$360.9M	$389.1M	$408.8M	$594.4M	$684.7M	$603.3M	$420.9M	$365.4M	$307.4M	$200.3M	$111.4M	$48.60M	$41.10M	$14.40M	$8.300M	$9.000M	$10.30M
YoY Change	-22.01%	-10.94%	-8.91%	-7.25%	-4.82%	-31.22%	-13.19%	13.49%	43.34%	15.19%	18.87%	53.47%	79.8%	129.22%	18.25%	185.42%	73.49%	-7.78%	-12.62%
Total Assets	$310.3M	$398.1M	$450.7M	$482.3M	$532.0M	$703.3M	$965.4M	$1.054B	$1.010B	$862.8M	$527.0M	$466.7M	$398.6M	$340.4M	$172.6M	$145.3M	$139.0M	$104.9M	$40.20M	$22.80M
YoY Change
Accounts Payable	$7.475M	$14.21M	$11.10M	$12.70M	$21.60M	$13.60M	$6.000M	$17.10M	$26.00M	$25.10M	$9.500M	$9.000M	$7.700M	$7.000M	$5.200M	$2.800M	$1.700M	$700.0K	$1.800M	$1.000M
YoY Change	-47.39%	28.04%	-12.62%	-41.2%	58.82%	126.67%	-64.91%	-34.23%	3.59%	164.21%	5.56%	16.88%	10.0%	34.62%	85.71%	64.71%	142.86%	-61.11%	80.0%
Accrued Expenses	$36.10M	$49.01M	$58.29M	$57.00M	$54.10M	$51.10M	$69.90M	$72.20M	$45.10M	$38.80M	$35.30M	$39.70M	$23.30M	$12.40M	$7.200M	$8.500M	$9.500M	$6.300M	$5.400M	$2.200M
YoY Change	-26.35%	-15.91%	2.26%	5.36%	5.87%	-26.9%	-3.19%	60.09%	16.24%	9.92%	-11.08%	70.39%	87.9%	72.22%	-15.29%	-10.53%	50.79%	16.67%	145.45%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$700.0K	$700.0K	$700.0K
YoY Change																	-100.0%	0.0%	0.0%
Long-Term Debt Due	$562.0K		$0.00	$10.00M	$0.00	$113.5M	$0.00	$29.00M	$0.00
YoY Change			-100.0%		-100.0%		-100.0%
Total Short-Term Liabilities	$47.70M	$80.18M	$95.38M	$125.1M	$153.4M	$243.8M	$192.5M	$183.2M	$80.20M	$87.60M	$62.80M	$74.90M	$45.40M	$25.20M	$15.60M	$12.90M	$11.50M	$9.700M	$9.500M	$4.500M
YoY Change	-40.51%	-15.93%	-23.76%	-18.45%	-37.08%	26.65%	5.08%	128.43%	-8.45%	39.49%	-16.15%	64.98%	80.16%	61.54%	20.93%	12.17%	18.56%	2.11%	111.11%
Long-Term Debt	$136.8M	$134.6M	$133.1M	$0.00	$0.00	$9.500M	$238.9M	$238.7M	$238.2M	$239.2M	$9.300M	$9.500M	$9.200M	$9.200M	$9.200M	$6.700M	$0.00	$0.00	$35.60M	$36.20M
YoY Change	1.63%	1.11%			-100.0%	-96.02%	0.08%	0.21%	-0.42%	2472.04%	-2.11%	3.26%	0.0%	0.0%	37.31%			-100.0%	-1.66%
Other Long-Term Liabilities	$24.73M	$33.89M	$45.86M	$61.80M	$87.50M	$70.60M	$31.40M	$33.50M	$4.200M	$3.200M	$7.300M	$7.600M	$9.400M	$18.00M	$1.300M	$1.400M	$700.0K	$0.00
YoY Change	-27.04%	-26.09%	-25.79%	-29.37%	23.94%	124.84%	-6.27%	697.62%	31.25%	-56.16%	-3.95%	-19.15%	-47.78%	1284.62%	-7.14%	100.0%
Total Long-Term Liabilities	$161.5M	$168.5M	$179.0M	$61.80M	$87.50M	$80.10M	$270.3M	$272.2M	$242.4M	$242.4M	$16.60M	$17.10M	$18.60M	$27.20M	$10.50M	$8.100M	$700.0K	$0.00	$35.60M	$36.20M
YoY Change	-4.14%	-5.86%	189.59%	-29.37%	9.24%	-70.37%	-0.7%	12.29%	0.0%	1360.24%	-2.92%	-8.06%	-31.62%	159.05%	29.63%	1057.14%		-100.0%	-1.66%
Total Liabilities	$224.9M	$261.6M	$287.4M	$201.3M	$255.1M	$337.7M	$501.8M	$524.6M	$400.4M	$333.7M	$79.40M	$92.00M	$64.10M	$52.40M	$26.10M	$21.00M	$12.20M	$9.700M	$45.10M	$40.70M
YoY Change	-14.04%	-8.97%	42.77%	-21.09%	-24.46%	-32.7%	-4.35%	31.02%	19.99%	320.28%	-13.7%	43.53%	22.33%	100.77%	24.29%	72.13%	25.77%	-78.49%	10.81%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	9.745M shares	86.23M shares	64.73M shares	41.95M shares	40.69M shares	40.28M shares	44.67M shares	43.55M shares	42.28M shares	40.42M shares	38.89M	38.20M	37.37M shares	31.97M shares	30.81M shares
Diluted Shares Outstanding	9.745M shares	86.23M shares	64.73M shares	41.95M shares	40.69M shares	40.28M shares	44.67M shares	43.55M shares	42.28M shares	40.42M shares	40.01M	39.13M	38.62M shares	33.01M shares	31.15M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $151.45 Million

About Synchronoss Technologies Inc

Synchronoss Technologies, Inc. engages in the provision of cloud and enterprise solutions. The company is headquartered in Bridgewater, New Jersey and currently employs 1,321 full-time employees. The company went IPO on 2000-09-19. The Company’s Synchronoss Personal Cloud solution is designed to create an engaging and trusted customer experience through ongoing content management and engagement. Its Synchronoss Personal Cloud platform is a white label platform that allows its customers’ subscribers to backup and protect, engage with, and manage their personal content and gives its operator customers the ability to increase average revenue per user (ARPU) and reduce churn. The Synchronoss Personal Cloud platform is designed to support smartphones, tablets, desktops computers, and laptops. Its Advanced Messaging platform is a messaging platform that expands capabilities for communications service provider and multi-service providers to offer Person-to-Person (P2P) messaging via Rich Communications Services (RCS).

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