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do you think its gonna dip?
Waiting for just the slightest dip and I'm in!
expected revenues from the contract is 100 million /year !!
SYNC should have a 500 million market cap before that and a billion and more once it happened
500 million is 16 $ /share
this could run big today
Yes sir!! This contract really is a big deal. They're replacing Yahoo as the prior provider of this service. Yahoo!! A $100mil contract! Sweet stuff. Company must be cheering as well.
$SYNC
The last time this one ran up from low $7 to $17. It is going to be a good year for this company.
Don't know what the heck those AH shorties where thinking would happen this morning. This sucker's gonna be today's monster play!!
Gave it a whirl with 1000 shares. Let's see what happens. SYNC$$$
The correct float is 20.1 million as on WSJ.
My trading platform has it at 700k...E-trade showing me an OS of 40mil, but no float. Commons = 30mil as per their 10K, but can't find float (too late in the evening for brain to commit to that...lol). Trading picked up in the AH, yet it wasn't as volatile as it could have been so not thinking that 700K is accurate. Who knows.
Share float on wsj says 20M. Not sure who is accurate.
http://quotes.wsj.com/SYNC
This is going to be fun. I noticed the shorties already stated with their nonsense in the AH session. Why the heck would a long sell on this news when we're up 150%? Last Q revs up 20%...and now a $100mil annual contract from AT&T!! We gonna make us some $$ tomorrow!
Big news !!! Tomorrow going to be crazy !!! Anyone smell money ? $ :))))
That contract with AT&T is valued at $100mil / year! What the heck was this company doing with a share price hovering just over a buck?!?
You have to get a broker who has AH trading hours. I use interactive broker.
Already traded the float, lol
OMG!!! Is the float here really only 700K? No wonder this thing is going gang-busters. With 16% short here too. Woo-hoo!!!
&SYNC
Where can u trade or buy after hours
Damn you sync! Had all money tied up
SYNC huge news
20% rise in revenue for 2016 but no profit expectation. I don't get it. Maybe Himesh is under promising and will over deliver. I feel stuck.
Earning next Wednesday on March 16. Expecting earnings to smash expectations.
What will be the catalyst for this stock to rise?
Synacor to acquire certain assets from Zimbra for ~$24.5 mln, raises FY15 guidance
4:55 PM ET 8/18/15 | Briefing.com
The co announced it has entered into a definitive agreement to acquire certain assets from Zimbra, Inc., a global leader in open source email, calendaring, and collaboration software. The acquisition of Zimbra talent, technology and patents will extend Synacor's leadership in ISP solutions, will accelerate the company's expansion in enterprise and international markets, and will strengthen Synacor's financial profile and competitiveness. The Zimbra acquisition is expected to close within 45 days. The transaction is valued at approximately $24.5 million, with Synacor paying $17.3M in cash, issuing 3M shares, 0.6M warrants priced at $3.00 per share, and paying up to $2M in earn-outs over the next 18 months.
Synacor raises its FY15 revenue guidance to $102-108 mln vs. prior guidance of $97-102 mln and the current single analyst estimate of $100 mlnSynacor also raises its FY15 EBITA guidance to $4-6 mln from prior guidance of $3.5-5 mln
Synacor Agrees to Acquire Zimbra, a Leading Provider of Open Source Based Email and Messaging Software
4:54 PM ET 8/18/15 | GlobeNewswire
-- Will become the market leader for ISP email solutions in the US
-- Zimbra's established distribution platform to expand Synacor in international and enterprise markets
-- Synacor again raises full year revenue and adjusted EBITDA guidance reflecting contribution of Zimbra
Synacor Inc. (Nasdaq:SYNC), the trusted multiscreen technology and monetization partner for video, internet and communications providers, device manufacturers, and enterprises, today announced it has entered into a definitive agreement to acquire certain assets from Zimbra, Inc., a global leader in open source email, calendaring, and collaboration software. The acquisition of Zimbra talent, technology and patents will extend Synacor's leadership in ISP solutions, will accelerate the company's expansion in enterprise and international markets, and will strengthen Synacor's financial profile and competitiveness.
"Email has been and continues to be important to our internet service provider customers, and has been a double-digit growth business for Synacor this year, driving portal traffic and monetization," said Synacor CEO Himesh Bhise. "We now have an even more compelling value proposition offering Zimbra's on-premise technology as well as Synacor's managed service solutions and advertising products."
The Zimbra acquisition will make Synacor the largest provider of ISP email solutions in the US. Combined, the company will serve 120+ ISP and CSP customers around the world and will accelerate Synacor's stated strategy to expand in international and enterprise markets. Zimbra brings hundreds of millions of free and paying users in 135+ countries, adds new customers to Synacor's roster including 2500+ small business customers and 900+ government customers, and adds a valuable network of 1000+ value added resellers and 500+ hosting partners. Synacor plans to continue the open source version of Zimbra and plans on providing technical support for Zimbra's Open Source Edition (OSE) through its VAR partners around the world.
"We are delighted to welcome the global Zimbra team of 140 people to the Synacor family," said Synacor CEO Himesh Bhise. "Together, we will deliver great experiences to hundreds of millions of email users across 135+ countries. We will invest in Zimbra's worldwide distribution platform of 1000+ value-added resellers and 500+ hosting providers to explore international growth for Synacor's portal, video and advertising products."
The addition of Zimbra will strengthen Synacor's financial profile, with the combined company positioned to grow profitably, expanding revenues across customer verticals and geographies, and monetizing diversified advertising, software licensing and managed service business models.
The Zimbra acquisition is expected to close within 45 days. The transaction is valued at approximately $24.5 million, with Synacor paying $17.3M in cash, issuing 3M shares, 0.6M warrants priced at $3.00 per share, and paying up to $2M in earn-outs over the next 18 months.
Synacor is raising full-year financial guidance to reflect the contribution of Zimbra, assuming the transaction closes before the fourth quarter.
Fiscal 2015 Guidance:
-- Revenue for the full year 2015 is projected to be in the range of $102M - $108M, versus the previous guidance of $97M - $102M
-- For the full year 2015, the company expects to report adjusted EBITDA of $4M - $6M, versus the recently increased guidance of $3.5M - $5M
Related to the acquisition, Synacor has also amended its shareholder rights agreement, outlined on Form 8-K filed August 18, 2015. For more information on Synacor and its email and communications products, please visit synacor.com or email tellmemore@synacor.com.
About Synacor:
Synacor (NASDAQ:SYNC) is the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, device manufacturers, and enterprises. We deliver modern, multiscreen experiences and advertising to their consumers that require scale, actionable data and sophisticated implementation. www.synacor.com
The Synacor logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11609
About Zimbra:
Zimbra connects people and information with unified collaboration software that includes email, calendaring, file sharing, activity streams, social networks and more. With technology designed for social, mobile and the cloud, Zimbra gives individuals the flexibility to work from virtually anywhere, through nearly every computer, tablet and mobile device.
Zimbra's software is trusted globally by service providers, governments and companies, with over 200,000 accessing Zimbra in the cloud managed by our worldwide network of service providers. With customers including NTT Communications, Comcast, Dell, Rackspace, Red Hat, Mozilla, H&R Block and Vodafone, a vibrant open source community and worldwide partner network, Zimbra is the third-largest collaboration provider in the world. Zimbra's headquarters are in Frisco, Texas, with offices in London; Tokyo; Singapore and Pune, India.
Safe Harbor Statement
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements concerning Synacor's expected financial performance (including, without limitation, statements and information in the Fiscal 2015 Guidance section and the quotations from management), as well as Synacor's strategic and operational plans. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, the company's results could differ materially from the results expressed or implied by the forward-looking statements the company makes.
The risks and uncertainties referred to above include - but are not limited to - risks associated with: successful completion of the Zimbra acquisition and integration with Synacor's business; the retention of Zimbra customers, distributors, resellers and other business partners; the retention of Zimbra employees; our ability to sell additional products to Zimbra customers; our ability to leverage the Zimbra acquisition into new international markets for Synacor's products; potential third party intellectual property infringement claims; and the price volatility of our common stock.
Further information on these and other factors that could affect the company's financial results is included in filings it makes with the Securities and Exchange Commission from time to time, including the section entitled "Risk Factors" in the company's most recent Form 10-Q, filed with the SEC on August 14, 2015. These documents are available on the SEC Filings section of the Investor Information section of the company's website at http://investor.synacor.com/. All information provided in this release and in the attachments is available as of August 18, 2015, and Synacor undertakes no duty to update this information.
View data
CONTACT: Investor Contact: Denise Garcia, Managing Director ICR ir@synacor.com 716-362-3309 Press Contact: Meredith Roth, VP, Corporate Communications Synacor mroth@synacor.com 716-362-3880
http://media.globenewswire.com/cache/18938/small/12488.jpg
(Logo: http://media.primezone.com/cache/18938/int/12488.jpg)
http://www.globenewswire.com/newsroom/ti?nf=MTMjMTAxNDY0MzUjMTg5Mzg=
Synacor Gains EBITDA Momentum -- Revenue on Track, Adjusted EBITDA Exceeds Guidance, Advertising Revenue Surges, Raises Guidance on Fiscal 2015 Adjusted EBITDA
4:01 PM ET 8/4/15 | Dow Jones
Synacor Gains EBITDA Momentum -- Revenue on Track, Adjusted EBITDA Exceeds Guidance, Advertising Revenue Surges, Raises Guidance on Fiscal 2015 Adjusted EBITDA
-- Q2 2015 revenue of $24.7 million, within guidance range of $24.0 to $25.5
million
-- Q2 2015 adjusted EBITDA of $1.5 million, exceeds guidance range of $0.2
to $1.2 million
-- Adjusted EBITDA of $1.5 million in Q2 2015 up from a loss of $1.2 million
in Q2 2014
-- Advertising revenue of $11.7 million, a 57% increase year-over-year
-- Fiscal 2015 adjusted EBITDA guidance raised to range of $3.5 to 5.0
million
BUFFALO, N.Y., Aug. 4, 2015 (GLOBE NEWSWIRE) -- Synacor Inc. (NASDAQ:SYNC), the trusted multiscreen technology and monetization partner for video, internet and communications providers, and device manufacturers, today announced its financial results for the quarter ended June 30, 2015.
"We continue to make solid progress across all areas of our strategic plan," said Synacor CEO Himesh Bhise. "During the second quarter, advertising revenue jumped 57%, we renewed and expanded several relationships with clients, and we announced a strategic OTT video partnership with Siemens, all while sustaining profitability and generating cash. We are raising our full year adjusted EBITDA guidance while focusing the business for attractive growth markets."
Q2 2015 Financial Results
Revenue: For the second quarter of 2015, total revenue was $24.7 million, an increase of 2% compared to $24.2 million in the second quarter of 2014. Search and advertising revenue was $19.0 million, an increase of 3% compared to $18.5 million in the second quarter of 2014. Advertising revenue alone was $11.7 million, a 57% increase compared to $7.4 million in the second quarter of 2014. Subscriber-based revenue was $5.7 million, which was flat compared to the second quarter of 2014.
For the second quarter of 2015, Synacor averaged 20.0 million multiplatform unique visitors per month, compared to 19.9 million in the second quarter of 2014.
Adjusted EBITDA: For the second quarter of 2015, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), which excludes stock-based compensation expense, was $1.5 million, or 6% of revenue, compared to a loss of $1.2 million, which excludes a $1.0 million pretax gain from the sale of a domain name, for the second quarter of 2014.
Net Income: For the second quarter of 2015, net loss was $1.1 million, compared to net loss of $1.9 million in the second quarter of 2014. Earnings per share, or EPS, was a loss of $0.04, as compared to a loss of $0.07 in the second quarter of 2014. The net loss includes stock-based compensation expense of $0.8 million, or $0.03 per share, in both the second quarter of 2015 and the second quarter of 2014. The EPS calculations for the second quarter of 2015 are based on 27.5 million weighted average common shares outstanding. The EPS calculations for the second quarter of 2014 are based on 27.4 million weighted average common shares outstanding.
Cash: The Company ended the second quarter of 2015 with $27.1 million in cash and cash equivalents, compared to $26.8 million at the end of the prior quarter. Cash generated by operating activities was $2.0 million for the second quarter of 2015, compared to $4.6 million used in operating activities in the same period of the prior year.
Business Outlook
Based on information available as of August 4, 2015, the company is providing financial guidance for the third quarter and fiscal 2015 as follows:
-- Q3 2015 Guidance: Revenue for the third quarter of 2015 is projected to
be in the range of $23.0 million to $24.0 million. The company expects to
report adjusted EBITDA of $0.1 million to $0.6 million.
-- Fiscal 2015 Guidance: Revenue for the full year of 2015 is projected to
be in the range of $97.0 million to $102.0 million. For the full year of
2015, the company expects to report adjusted EBITDA of $3.5 million to
$5.0 million.
Conference Call Details
Synacor will host a conference call today at 5 p.m. ET to discuss the second quarter financial results with the investment community. The live webcast of Synacor's earnings conference call can be accessed at http://investor.synacor.com/events.cfm. To participate, please login approximately ten minutes prior to the webcast. For those without access to the internet, the call may be accessed toll-free via phone at (877) 837-3911, with conference ID 80552540, or callers outside the U.S. may dial (253) 237-1167. Following completion of the call, a recorded webcast replay will be available on Synacor's website through August 11, 2015. To listen to the telephone replay, call toll-free (855) 859-2056, or callers outside the U.S. may dial (404) 537-3406. The conference ID is 80552540.
About Synacor
Synacor (NASDAQ:SYNC) is the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers. We deliver modern, multiscreen experiences and advertising to their consumers that require scale, actionable data and sophisticated implementation. www.synacor.com
Non-GAAP Financial Measures
The company uses certain non-GAAP financial measures in this release. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles (GAAP).
We report adjusted EBITDA because it is a key measure used by our management and Board of Directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans. In particular, the exclusion of certain expenses in calculating adjusted EBITDA can provide a useful measure for period-to-period comparisons of our core business. Accordingly, we believe that adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and Board of Directors.
For a reconciliation of adjusted EBITDA to net income, the most directly comparable financial measure calculated and presented in accordance with GAAP, please refer to the table "Reconciliation of GAAP to Non-GAAP Measures" in this press release.
Safe Harbor Statement
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements concerning Synacor's expected financial performance (including, without limitation, statements and information in the Business Outlook section and the quotations from management), as well as Synacor's strategic and operational plans. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, the company's results could differ materially from the results expressed or implied by the forward-looking statements the company makes.
The risks and uncertainties referred to above include - but are not limited to - risks associated with: execution of our plans and strategies; the loss of a significant customer; our ability to obtain new customers; expectations regarding consumer taste and user adoption of applications and solutions; developments in internet browser software and search advertising technologies; general economic conditions; expectations regarding the company's ability to timely expand the breadth of services and products or introduction of new services and products; consolidation within the cable and telecommunications industries; changes in the competitive dynamics in the market for online search and display advertising; the risk that security measures could be breached and unauthorized access to subscriber data could be obtained; potential third party intellectual property infringement claims; and the price volatility of our common stock.
Further information on these and other factors that could affect the company's financial results is included in filings it makes with the Securities and Exchange Commission from time to time, including the section entitled "Risk Factors" in the company's most recent Form 10-K, as amended, filed with the SEC. These documents are available on the SEC Filings section of the Investor Information section of the company's website at http://investor.synacor.com/. All information provided in this release and in the attachments is available as of August 4, 2015, and Synacor undertakes no duty to update this information.
Synacor, Inc.
Condensed Consolidated Balance Sheets
(In thousands)
(Unaudited)
As of As of
December 31, June 30,
------------ ---------
2014 2015
------------ ---------
Assets
Current assets:
Cash and cash equivalents $ 25,600 $ 27,063
Accounts receivable, net 20,479 17,044
Prepaid expenses and other current assets 2,292 1,961
------------ ---------
Total current assets 48,371 46,068
Property and equipment, net 15,128 14,083
Other long-term assets 101 51
Goodwill 1,565 1,565
(MORE TO FOLLOW) Dow Jones Newswires
August 04, 2015 16:01 ET (20:01 GMT)
What makes you say that?
Seems like this stock was a pump and dump a few years ago and is just going to teeter before it dies
$SYNC - $1.84 +0.050 (+2.79%)
Synacor and Siemens Convergence Creators Announce Strategic Partnership for OTT Solutions
Jul 15, 2015 07:02:00 (ET)
Synacor and Siemens Convergence Creators Announce Strategic Partnership for OTT Solutions
Synacor now preferred gold-reseller of Siemens OTT SWIPE(TM)'s Business Management System that enables Carrier-Grade advanced video solutions and OTT services
BUFFALO, N.Y. and LOS ANGELES, July 15, 2015 (GLOBE NEWSWIRE) -- Synacor Inc. (Nasdaq:SYNC), the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers, today announced a strategic partnership with Siemens Convergence Creators, a worldwide leading provider of advanced OTT solutions and a business of the Global Fortune 100 Company; and EveMeta, a leader in high quality, low bandwidth video solutions. The new partnership with Siemens Convergence Creators helps position Synacor as a leading provider of end-to-end advanced video solutions.
Synacor has integrated its existing centers of excellence--Search & Discovery, Cloud ID Authentication, streaming Linear TV technology and consumer experiences --with Siemens OTT SWIPE(tm) Business Management Systems (BMS) and encoding capabilities of EveMeta, to support advanced multiscreen video workflow, policy management, lookback services and device distribution. This platform will support a broad array of consumer devices including iOS and Android smartphones and tablets, gaming consoles such as PS4 and Xbox One, OTT devices such as Roku and Android set-top boxes, and connected TVs.
This partnership will enable Synacor's customers to extend their pay-TV and content businesses by enabling scalable solutions to support OTT, TVE and Broadband Video services that can be hosted on premises or in any private or public cloud. Such combined solution will position operators and content providers to launch advanced video services quickly and at lower costs.
"Synacor is excited to partner with Siemens Convergence Creators to deliver the groundbreaking and proven user experience of the OTT SWIPE(R) platform," said Himesh Bhise, CEO of Synacor. "Siemens OTT SWIPE(tm) is a carrier-grade, battle-tested solution that is already deployed with several large providers around the world. Based on Siemens' technical support, Synacor will enable operators and content distributors to deliver high-quality, multiplatform, live-linear, VOD, transactional and authenticated viewing experiences.
"There is a fundamental shift in the way people are consuming television and other media content today. We are excited to be partnering with Synacor, a trusted provider of digital services and platforms to over 50 customers. As the OTT and TV market evolves, as partners we are positioned to provide complete end-to-end managed Video solutions for operators looking to quickly and efficiently deploy advanced video services," said Markus Placho, Head of Business Unit Media of Siemens Convergence Creators.
Further details about the agreement were not disclosed.
About Siemens Convergence Creators
Siemens Convergence Creators GmbH, headquartered in Vienna, provides its customers with innovative products, turnkey solutions and services in the fields of communication networks, service and customer management, public safety and security, multimedia infotainment, as well as space technology.
Among the most important customers are the top players in their respective industrial sectors, i.e. telecommunications, media (TV, publishing houses), transport (cruise ships, railways, aircraft manufacturers, airlines and airports), space, public safety (action forces) and energy (wind power, oil and gas).
Siemens Convergence Creators' presence in emerging and mature markets like Central and Eastern Europe, Germany, USA, India and China together with its powerful network of partners provides a strong basis for activities all over the world.
About EveMeta
EveMeta is a media technology company that offers a suite of low bandwidth video encoding, transcoding and transmuxing technologies, permitting service providers to offer enhanced HD and SD OTT video services for 60% less bandwidth than alternative services.
About Synacor
Synacor (NASDAQ:SYNC) is the trusted technology development, multiplatform services and revenue partner for video, Internet and communications providers, and device manufacturers. We deliver modern, multiscreen experiences and advertising to their consumers that require scale, actionable data and sophisticated implementation. www.synacor.com
Forward-Looking Statements
This release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of management of Synacor, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other factors affecting the operation of the respective businesses of Synacor. More detailed information about these factors may be found under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in Synacor's annual report on Form 10-K for the year ended December 31, 2014, which is available on the company's website at investor.synacor.com and on the SEC's website at www.sec.gov. Synacor is under no obligation to, and expressly disclaims any such obligation to, update or alter their respective forward-looking statements, whether as a result of new information, future events, or otherwise.
CONTACT: Meredith Roth, VP, Corporate Communications
Synacor
mroth@synacor.com
+1 716-362-3880
Bettina Franzelin, VP, Marketing & Communications
Siemens Convergence Creators
bettina.franzelin@siemens.com
+43 51707-0
+43 664 8011 717788
(MORE TO FOLLOW) Dow Jones Newswires
July 15, 2015 07:02 ET (11:02 GMT)
$SYNC - $1.78 +0.1101 (+6.59%)
$SYNC - $1.60 +0.110 (+7.38%) LOW $1.44
Nope, this thing still wants to crap all over itself...shame
Please tell me we have turned a corner to the upside
$SYNC - Synacor and Mediacom Communications Expand Relationship through Multiyear Agreement
Jun 17, 2015 07:02:00 (ET)
Synacor and Mediacom Communications Expand Relationship through Multiyear Agreement
BUFFALO, N.Y. and MEDIACOM PARK, N.Y., June 17, 2015 (GLOBE NEWSWIRE) -- Synacor Inc. (Nasdaq:SYNC), the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers, today announced a multiyear agreement with Mediacom Communications Corporation that includes Synacor's next-generation portal, TV Everywhere authentication, and advertising solutions.
"At Mediacom, our mission is to provide our customers with access to their favorite content, no matter the device," said John Pascarelli, Mediacom's Executive Vice President of Operations. "Synacor's advanced products help us deliver a great user experience, both inside and outside the home."
Synacor will bring Mediacom's customers a redesigned, consumer-centric user-interface, an advanced search & discovery metadata platform, and easy to use TV Everywhere login process, as well as targeted content syndicated by Synacor.
"It is a strong endorsement of our products, technology and monetization capabilities to extend and expand our longstanding partnership with Mediacom," said Synacor CEO Himesh Bhise. "Mediacom has an innovative spirit, and together our teams are delivering on the promise of superior digital services and customer care."
Further details about the agreement were not disclosed.
About Synacor
Synacor (Nasdaq:SYNC) is the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers. We deliver modern, multiscreen experiences and advertising to their consumers that require scale, actionable data and sophisticated implementation. www.synacor.com
About Mediacom Communications
Mediacom Communications Corporation is the eighth largest cable operator in the U.S. serving about 1.3 million customers in smaller markets primarily in the Midwest and Southeast. Mediacom offers a wide array of information, communications and entertainment services to households and businesses, including video, high-speed data, phone, and home security and automation. Through Mediacom Business, the company provides innovative broadband solutions to commercial and public sector customers of all sizes, and sells advertising and production services under the OnMedia brand. More information about Mediacom is available at www.mediacomcc.com.
Forward-Looking Statements
This release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of management of Synacor, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other factors affecting the operation of the respective businesses of Synacor. More detailed information about these factors may be found under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in Synacor's annual report on Form 10-K for the year ended December 31, 2014, as amended, which is available on the company's website at investor.synacor.com and on the SEC's website at www.sec.gov. Synacor is under no obligation to, and expressly disclaims any such obligation to, update or alter their respective forward-looking statements, whether as a result of new information, future events, or otherwise.
CONTACT: Meredith Roth, VP, Corporate Communications
Synacor
mroth@synacor.com
716-362-3880
(MORE TO FOLLOW) Dow Jones Newswires
June 17, 2015 07:02 ET (11:02 GMT)
SYNC sure like what I see in today and of course lurking for more
Synacor Beats Revenue and Adjusted EBITDA Outlook for Q1 2015
4:01 PM ET 4/30/15 | Dow Jones
Synacor Beats Revenue and Adjusted EBITDA Outlook for Q1 2015
Delivers 6% Year over Year Revenue Growth
-- Q1 2015 revenue of $26.7 million, exceeds guidance range of $24.0 - $26.0
million
-- Q1 2015 adjusted EBITDA of $1.3 million, exceeds guidance range of $0.0
to $1.0 million
-- Adjusted EBITDA of $1.3 million in Q1 2015 up from a year ago loss of
$0.7 million in Q1 2014
BUFFALO, N.Y., April 30, 2015 (GLOBE NEWSWIRE) -- Synacor Inc. (Nasdaq:SYNC), the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers, today announced its financial results for the first quarter ended March 31, 2015.
"We continue to execute well against our strategy," said Synacor CEO Himesh Bhise. "We are pleased to report first quarter financial results that exceeded our expectations with sustained year over year growth. We continue to diversify into attractive growth markets--our advertising business continues to perform well, we are growing our fee-based subscription revenues, and building compelling advanced video solutions."
Q1 2015 Financial Results
Revenue: For the first quarter of 2015, total revenue was $26.7 million, an increase of 6% compared to $25.2 million in the first quarter of 2014. Search and display advertising revenue was $20.6 million, an increase of 4% compared to $19.9 million in the first quarter of 2014. Subscription-based revenue was $6.1 million, a 14% increase compared to $5.3 million in the first quarter of 2014.
For the first quarter of 2015, Synacor averaged 22.0 million multiplatform unique visitors per month, compared to 21.3 million in the first quarter of 2014.
Adjusted EBITDA: For the first quarter of 2015, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), which excludes stock-based compensation expense, was $1.3 million, or 5% of revenue, compared to a loss of $0.7 million in the first quarter of 2014.
Net Income: For the first quarter of 2015, net loss was $1.1 million, compared to net loss of $2.1 million in the first quarter of 2014. Earnings per share, or EPS, was a loss of $0.04. The net loss includes stock-based compensation expense of $0.7 million, or $0.03 per share, in the first quarter of 2015, as compared to $0.7 million, or $0.02 per share, in the first quarter of 2014. The EPS calculations for the first quarter of 2015 are based on 27.4 million weighted average common shares outstanding. The EPS calculations for the first quarter of 2014 are based on 27.4 million weighted average common shares outstanding.
Cash: The company ended the first quarter of 2015 with $26.8 million in cash and cash equivalents, compared to $25.6 million at the end of the prior quarter. Cash generated by operating activities was $2.2 million for the first quarter of 2015, compared to $1.2 million used in operating activities in the same period of the prior year.
Business Outlook
Bhise continued, "We're building on these Q1 results and are focused on continuing our progress in Q2 and throughout the year. We're improving our products, growing monetization, and are a stronger partner to our customers."
Based on information available as of April 30, 2015, the company is providing financial guidance for the second quarter and fiscal 2015 as follows:
-- Q2 2015 Guidance: Revenue for the second quarter of 2015 is projected to
be in the range of $24.0 million to $25.5 million. For the second quarter
of 2015, the company expects to report adjusted EBITDA of $0.2 million to
$1.2 million.
-- Fiscal 2015 Guidance: Revenue for the full year of 2015 is projected to
be in the range of $97.0 million to $102.0 million. For the full year of
2015, the company expects to report adjusted EBITDA of $2.0 million to
$4.0 million.
Conference Call Details
Synacor will host a conference call today at 5 p.m. ET to discuss the first quarter financial results with the investment community. The live webcast of Synacor's earnings conference call can be accessed at http://investor.synacor.com/events.cfm. To participate, please login approximately ten minutes prior to the webcast. For those without access to the Internet, the call may be accessed toll-free via phone at (877) 837-3911, with conference ID 19318004, or callers outside the U.S. may dial (253) 237-1167. Following completion of the call, a recorded webcast replay will be available on Synacor's website through May 7, 2015. To listen to the telephone replay, call toll-free (855) 859-2056, or callers outside the U.S. may dial (404) 537-3406. The conference ID is 19318004.
About Synacor
Synacor (Nasdaq:SYNC) is the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers. We deliver modern, multiscreen experiences and advertising to their consumers that require scale, actionable data and sophisticated implementation. www.synacor.com
Non-GAAP Financial Measures
The company uses certain non-GAAP financial measures in this release. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles (GAAP).
We report adjusted EBITDA because it is a key measure used by our management and Board of Directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans. In particular, the exclusion of certain expenses in calculating adjusted EBITDA can provide a useful measure for period-to-period comparisons of our core business. Accordingly, we believe that adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and Board of Directors.
For a reconciliation of adjusted EBITDA to net income, the most directly comparable financial measure calculated and presented in accordance with GAAP, please refer to the table "Reconciliation of GAAP to Non-GAAP Measures" in this press release.
Safe Harbor Statement
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements concerning Synacor's expected financial performance (including, without limitation, statements and information in the Business Outlook section and the quotations from management), as well as Synacor's strategic and operational plans. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, the company's results could differ materially from the results expressed or implied by the forward-looking statements the company makes.
The risks and uncertainties referred to above include - but are not limited to - risks associated with: execution of our plans and strategies; the loss of a significant customer; our ability to obtain new customers; expectations regarding consumer taste and user adoption of applications and solutions; developments in Internet browser software and search advertising technologies; general economic conditions; expectations regarding the company's ability to timely expand the breadth of services and products or introduction of new services and products; consolidation within the cable and telecommunications industries; changes in the competitive dynamics in the market for online search and display advertising; the risk that security measures could be breached and unauthorized access to subscriber data could be obtained; potential third party intellectual property infringement claims; and the price volatility of our common stock.
Further information on these and other factors that could affect the company's financial results is included in filings it makes with the Securities and Exchange Commission from time to time, including the section entitled "Risk Factors" in the company's most recent Form 10-K, as amended, filed with the SEC. These documents are available on the SEC Filings section of the Investor Information section of the company's website at http://investor.synacor.com/. All information provided in this release and in the attachments is available as of April 30, 2015, and Synacor undertakes no duty to update this information.
Synacor, Inc.
Condensed Consolidated Balance Sheets
(In thousands)
(Unaudited)
As of As of
December 31, March 31,
------------ ---------
2014 2015
------------ ---------
Assets
Current assets:
Cash and cash equivalents $ 25,600 $ 26,750
Accounts receivable, net 20,479 19,276
Prepaid expenses and other current assets 2,292 2,315
Deferred income taxes -- --
------------ ---------
Total current assets 48,371 48,341
Property and equipment, net 15,128 14,528
Deferred income taxes, non-current -- --
Other long-term assets 101 74
Goodwill 1,565 1,565
(MORE TO FOLLOW) Dow Jones Newswires
April 30, 2015 16:01 ET (20:01 GMT)
$SYNC - Synacor Selected by MTS to Provide Email Solution
Apr 23, 2015 07:02:00 (ET)
Synacor Selected by MTS to Provide Email Solution
BUFFALO, N.Y. and WINNIPEG, Manitoba, April 23, 2015 (GLOBE NEWSWIRE) -- Synacor Inc. (Nasdaq:SYNC), the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers, announced today that MTS (TSX:MBT), Manitoba's leading telecommunications provider, has selected Synacor's Cloud Email Platform to support the MTS Mail email service.
"MTS is pleased to offer our customers this world-class email service," said Paul Norris, Vice President, Brand & Consumer Marketing, MTS. "MTS Mail is easy-to-use, reliable and secure, and reflects our commitment to constantly explore new ways to improve our customers' experience."
MTS Mail includes functions consumers expect to find in a leading email experience (e.g. spam and abuse protection, expansive storage, advanced message search, address book and calendar options). Hosted in Canada, users can also enjoy the peace of mind that comes from knowing their data is safe and secure.
Synacor's end-to-end email platform offers home, business or power users a robust, easy-to-use email solution. "Synacor is one of the largest providers of white-label Cloud Email Services for the North America broadband service provider market. As such, email remains a strong line of business for us, and still delivers. We look forward to continuing to innovate in the email category," said George Chamoun, President, Sales & Marketing, Synacor.
About Synacor
Synacor (Nasdaq:SYNC) is the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers. We deliver modern, multiscreen experiences and advertising to their consumers that require scale, actionable data and sophisticated implementation. www.synacor.com
About MTS Inc.
MTS is Manitoba's leading communications company, connecting people and places with wireless, high-speed Internet, TV, home phone and security services. MTS also offers a full suite of business solutions, including information technology, data storage and cloud computing through EPIC Information Solutions and MTS Data Centres. Founded more than a century ago and deeply rooted in the community, MTS provides grants, scholarships, sponsorships and volunteer support to youth-serving organizations across the province through MTS Future First. MTS is wholly owned by Manitoba Telecom Services Inc. (TSX:MBT). For more on MTS's products and services, visit www.mts.ca.
This release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of management of Synacor, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other factors affecting the operation of the respective businesses of Synacor. More detailed information about these factors may be found under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in Synacor's annual report on Form 10-K for the year ended December 31, 2014, as amended, which is available on the company's website at investor.synacor.com and on the SEC's website at www.sec.gov. Synacor is under no obligation to, and expressly disclaims any such obligation to, update or alter their respective forward-looking statements, whether as a result of new information, future events, or otherwise.
CONTACT: Meredith Roth, VP, Corporate Communications
Synacor
mroth@synacor.com
716-362-3880
(MORE TO FOLLOW) Dow Jones Newswires
April 23, 2015 07:02 ET (11:02 GMT)
I ended up voting for a change. (With my small amount of shares I knew it would not matter which way I voted). It is now up to Himesh to execute his plan to increase shareholder value. No Excuses! $15 a share!!
Synacor Reelects Himesh Bhise, Andrew Kau And Jordan Levy to Board
Apr 22, 2015 14:00:00 (ET)
Synacor Prevails in Stockholder Vote
At Annual Meeting, Synacor Stockholders Decisively Vote with Management to:
-- Reelect Himesh Bhise, Andrew Kau and Jordan Levy to Board of Directors
-- Ratify stockholder rights agreement
-- Ratify Deloitte & Touche LLP as independent registered public accounting
firm
BUFFALO, N.Y., April 22, 2015 (GLOBE NEWSWIRE) -- Synacor Inc. (Nasdaq:SYNC), the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers, today announced the certified results of its Annual Meeting of Stockholders held on April 20, 2015. At the meeting, stockholders elected Himesh Bhise, Andrew Kau and Jordan Levy as Class I members of the Board of Directors to serve until the 2018 annual meeting of stockholders. Stockholders also ratified the Company's stockholder rights agreement and ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for Synacor's fiscal year ending December 31, 2015.
"The stockholder vote is a definitive endorsement of our strategy, our team, the progress we've made to return the company to profitability, and the opportunity that lies ahead," said Synacor CEO Himesh Bhise. "We're grateful for the confidence from Synacor stockholders, both institutional and individual. With the overhang and distraction of the proxy contest now behind us, we will continue to focus on the work ahead to drive profitable growth and stockholder value."
About Synacor
Synacor (Nasdaq:SYNC) is the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers. We deliver modern, multiscreen experiences and advertising to their consumers that require scale, actionable data and sophisticated implementation. www.synacor.com
Forward-Looking Statements
This release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of management of Synacor, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other factors affecting the operation of the respective businesses of Synacor. More detailed information about these factors may be found under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in Synacor's annual report on Form 10-K for the year ended December 31, 2014, as amended, which is available on the company's website at investor.synacor.com and on the SEC's website at www.sec.gov. Synacor is under no obligation to, and expressly disclaims any such obligation to, update or alter their respective forward-looking statements, whether as a result of new information, future events, or otherwise.
CONTACT: Investor Contact:
Denise Garcia, Managing Director
ICR
ir@synacor.com
716-362-3309
Press Contact:
Meredith Roth, VP, Corporate Communications
Synacor
mroth@synacor.com
716-362-3880
(END) Dow Jones Newswires
April 22, 2015 14:00 ET (18:00 GMT)
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)
April 22, 2015 14:00 ET (18:00 GMT)
Synacor Announces Appointments of Executives with Deep Experience in Key Areas of Growth
Apr 16, 2015 09:45:00 (ET)
Synacor Announces Appointments of Executives with Deep Experience in Key Areas of Growth
Synacor grows talent in strategic operations, professional services, and major customer accounts
BUFFALO, N.Y., April 16, 2015 (GLOBE NEWSWIRE) -- Synacor Inc. (Nasdaq:SYNC), the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers, today announced the appointment of highly experienced executives, who will focus on key areas of growth for the company and who were attracted to Synacor's market potential. Anand Subramanian has been named Senior Vice President, Strategic Operations. David Ho has been named Vice President, Professional Services. Singu Srinivas has been named General Manager, Strategic Accounts.
Anand Subramanian is the former CEO of NimbleTV, who joined Synacor through the acquisition earlier this year. At NimbleTV, Subramanian helped to innovate around efficient video streaming and CDN solutions. He was formerly CEO of ContextWeb, providing real-time online ad performance data for businesses and brands, and has an engineering degree from the Indian Institute of Technology. Subramanian will be taking a broader role at Synacor, leading strategic operations and finding areas for efficiency and effectiveness leveraging his video delivery, advertising and data analytics expertise.
David Ho served most recently as VP of Engineering for Synchronoss Technologies, where he had oversight of the engineering teams designing, building, delivering and supporting a portfolio of Commerce and Care solutions to top telecom and MSO clients around the world. Prior to that, Ho led professional service organizations at Nuance Communications and Comverse Network Systems. He holds a degree in Mechanical and Aerospace Engineering from Princeton University. Ho will be leading the Professional Services team at Synacor, responding to the growing customization and integration needs of our customers with solution delivery and project management discipline.
Singu Srinivas has been an advisor to Fortune 500 and high growth technology companies as a management consultant, senior executive and founder. His expertise spans managed services and software-as-a-service businesses in the communications, electronics and software industries. He joins Synacor from management consulting firm, Waterstone Management Group, where he was a partner. Prior to that, Srinivas was a general manager at Radialpoint, and a management consultant with IBM Global Services, Deloitte Consulting and Accenture. He has an MBA from the Wharton School and an M.S. in Industrial Engineering from Stanford University. Srinivas will lead Strategic Accounts at Synacor, helping to deepen relationships and grow revenues with key customers.
"I am delighted to welcome Singu and David to Synacor, and announce Anand's expanded responsibilities. We continue to execute against our strategic plan and are focused on key areas of growth. Singu, David and Anand are highly capable and well known industry executives in managed services, solutions delivery, video streaming, and advertising analytics who see the market opportunity for Synacor and will help drive profitable growth for the company," said Synacor CEO Himesh Bhise.
About Synacor
Synacor (Nasdaq:SYNC) is the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers. We deliver modern, multiscreen experiences and advertising to their consumers that require scale, actionable data and sophisticated implementation. www.synacor.com
Forward-Looking Statements
This release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of management of Synacor, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other factors affecting the operation of the respective businesses of Synacor. More detailed information about these factors may be found under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in Synacor's annual report on Form 10-K for the year ended December 31, 2014, which is available on the company's website at investor.synacor.com and on the SEC's website at www.sec.gov. Synacor is under no obligation to, and expressly disclaims any such obligation to, update or alter their respective forward-looking statements, whether as a result of new information, future events, or otherwise.
Important Additional Information
Synacor, Inc. (the "Company") has provided to its stockholders a definitive proxy statement, filed with the Securities and Exchange Commission ("SEC") on March 27, 2015, and an accompanying proxy card in connection with the Company's 2015 annual meeting of stockholders (the "2015 Annual Meeting"). The Company, its directors and certain of its executive officers may be deemed to be participants in the solicitation of proxies from stockholders in connection with the 2015 Annual Meeting. Information concerning the interests of these directors and executive officers in connection with the matters to be voted on at the 2015 Annual Meeting is included in the definitive proxy statement filed by the Company with the SEC in connection with such meeting. In addition, information concerning the Company's directors and executive officers is available in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, filed with the SEC on March 12, 2015. To the extent holdings of the Company's securities have changed since the amounts contained in the definitive proxy statement filed with the SEC in connection with the 2015 Annual Meeting, such changes have been reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 and Statements of Changes in Beneficial Ownership of Securities on Form 4 filed with the SEC. Such documents are, or will be, available free of charge at the SEC website at http://www.sec.gov. STOCKHOLDERS ARE URGED TO READ CAREFULLY THE DEFINITIVE PROXY STATEMENT FILED BY THE COMPANY AND ANY OTHER RELEVANT DOCUMENTS FILED WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION WITH RESPECT TO THE PARTICIPANTS.
CONTACT: Investor Contact:
Denise Garcia, Managing Director
ICR
ir@synacor.com
716-362-3309
Press Contact:
Meredith Roth, VP, Corporate Communications
Synacor
mroth@synacor.com
716-362-3880
(MORE TO FOLLOW) Dow Jones Newswires
April 16, 2015 09:45 ET (13:45 GMT)
Synacor Stockholders: Vote BLUE Proxy Card before Next Week's Annual Stockholder Meeting to Protect Your Investment
http://www.prnewswire.com/news-releases/synacor-stockholders-vote-blue-proxy-card-before-next-weeks-annual-stockholder-meeting-to-protect-your-investment-300065534.html
Synacor Expects First Quarter Results to be at the High-End or to Exceed Guidance and Raises Guidance for the Full Year 2015
Apr 10, 2015 07:02:00 (ET)
Synacor Expects First Quarter Results to be at the High-End or to Exceed Guidance and Raises Guidance for the Full Year 2015
BUFFALO, N.Y., April 10, 2015 (GLOBE NEWSWIRE) -- Synacor Inc. (Nasdaq:SYNC), the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers, today announced it expects to exceed previously provided guidance for Q1 revenue and to be at the high end of previously provided guidance for Q1 adjusted EBITDA. Synacor also increased both full year 2015 revenue and adjusted EBITDA guidance. Synacor's updated financial guidance follows:
-- Q1 Revenue: Revenue for the first quarter of 2015 is projected to be in
the range of $26.0 million to $26.5 million. Previously, the Company
provided guidance for Q1 2015 revenue in the range of $24.0 million to
$26.0 million.
-- Q1 Adjusted EBITDA: For the first quarter of 2015, the Company expects to
report adjusted EBITDA of $0.5 to $1 million. Previously, the Company
provided guidance for Q1 2015 Adjusted EBITDA of $0.0 million to $1
million.
-- FY15 Revenue: Revenue for the full year of 2015 is projected to be in the
range of $97.0 million to $102.0 million. Previously, the Company
provided guidance for FY 2015 revenue in the range of $95.0 million to
$100.0 million.
-- FY15 Adjusted EBITDA: For the full year of 2015, the Company expects to
report adjusted EBITDA of $2.0 million to $4.0 million. Previously, the
Company provided guidance for FY 2015 adjusted EBITDA of $1.5 million to
$3.5 million.
During the first quarter of 2015, Synacor generated over $1.0 million in cash, adding to the $25.6 million cash balance at the end of the prior quarter ending December 31, 2014.
"I'm pleased today to announce increases to our previously provided quarterly and annual guidance, which reflect solid execution against our strategic plan for growth," said Himesh Bhise, Chief Executive Officer of Synacor. "We continue to deliver adjusted EBITDA profitability, and at the high-end of our updated guidance for Q1 we will again deliver 5% year-over-year revenue growth, similar to the growth we reported in Q4. The updated guidance is driven by sustained momentum in advertising, continuing transition at Charter, interest from customers in our video solutions, and our recent progress in the area of content discovery."
Final Results to Be Released on April 30, 2015:
The information in this release is preliminary. Synacor is completing its normal closing process and will release its first quarter results on April 30, 2015, at approximately 4:00 p.m. (Eastern time) and will hold a conference call with investors and analysts to discuss its first quarter results and provide additional commentary at 5:00 p.m. (Eastern time) on that day. The live webcast of Synacor's earnings conference call can be accessed at http://investor.synacor.com/events.cfm. To participate, please login approximately ten minutes prior to the webcast. For those without access to the Internet, the call may be accessed toll-free via phone at (877) 837-3911, with conference ID 19318004, or callers outside the U.S. may dial (253) 237-1167. Following completion of the call, a recorded webcast replay will be available on Synacor's website through May 7, 2015. To listen to the telephone replay, call toll-free (855) 859-2056, or callers outside the U.S. may dial (404) 537-3406. The conference ID is 19318004.
About Synacor
Synacor (Nasdaq:SYNC) is the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers. We deliver modern, multiscreen experiences and advertising to their consumers that require scale, actionable data and sophisticated implementation. www.synacor.com
Forward-Looking Statements
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This communication contains forward-looking statements concerning Synacor's expected financial performance for the first quarter of 2015. These results are preliminary, have not been reviewed or audited by Synacor's independent registered public accounting firm, and are accordingly subject to adjustment prior to Synacor's reporting its complete financial results for the first fiscal quarter. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, the company's results could differ materially from the results expressed or implied by the forward-looking statements the company makes.
The risks and uncertainties referred to above include - but are not limited to - risks associated with: adjustments to our preliminary estimates for the financial results of the first quarter; issues encountered in the completion of the quarterly review; and general economic conditions.
Further information on these and other factors that could affect the company's financial results is included in filings it makes with the Securities and Exchange Commission from time to time, including the section entitled "Risk Factors" in the company's most recent Form 10-K, as amended, filed with the SEC. These documents are available on the SEC Filings section of the Investor Information section of the company's website at http://investor.synacor.com/. All information provided in this release and in the attachments is available as of April 10, 2015, and Synacor undertakes no duty to update this information.
Important Additional Information
Synacor, Inc. (the "Company") has provided to its stockholders a definitive proxy statement, filed with the Securities and Exchange Commission ("SEC") on March 27, 2015, and an accompanying proxy card in connection with the Company's 2015 annual meeting of stockholders (the "2015 Annual Meeting"). The Company, its directors and certain of its executive officers may be deemed to be participants in the solicitation of proxies from stockholders in connection with the 2015 Annual Meeting. Information concerning the interests of these directors and executive officers in connection with the matters to be voted on at the 2015 Annual Meeting is included in the definitive proxy statement filed by the Company with the SEC in connection with such meeting. In addition, information concerning the Company's directors and executive officers is available in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, filed with the SEC on March 12, 2015. To the extent holdings of the Company's securities have changed since the amounts contained in the definitive proxy statement filed with the SEC in connection with the 2015 Annual Meeting, such changes have been reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 and Statements of Changes in Beneficial Ownership of Securities on Form 4 filed with the SEC. Such documents are, or will be, available free of charge at the SEC website at http://www.sec.gov. STOCKHOLDERS ARE URGED TO READ CAREFULLY THE DEFINITIVE PROXY STATEMENT FILED BY THE COMPANY AND ANY OTHER RELEVANT DOCUMENTS FILED WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION WITH RESPECT TO THE PARTICIPANTS.
CONTACT: Investor Contact:
Denise Garcia, Managing Director
ICR
ir@synacor.com
716-362-3309
Press Contact:
Meredith Roth, VP, Corporate Communications
Synacor
mroth@synacor.com
716-362-3880
(MORE TO FOLLOW) Dow Jones Newswires
April 10, 2015 07:02 ET (11:02 GMT)
http://finance.yahoo.com/news/synacor-expects-first-quarter-results-110200893.html
Good News today.
I think this new CEO, Himesh Bhise knows what he is doing.
I do not know enough about JCC and Ratio's push for new board members. When Franken was running things I agree there needed to be a change. Now I am not so sure.
$SYNC - Synacor Expands Partnership with Outbrain to Surface and Monetize Relevant Content to Consumers
Apr 08, 2015 07:02:00 (ET)
Synacor Expands Partnership with Outbrain to Surface and Monetize Relevant Content to Consumers
Synacor to adopt Outbrain solutions to deliver high-quality, personalized content that increases user engagement and revenue
BUFFALO, N.Y., April 8, 2015 (GLOBE NEWSWIRE) -- Synacor Inc. (Nasdaq:SYNC), the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers and device manufacturers, today announced a multiyear content recommendation and monetization partnership with Outbrain Inc., the world's largest content discovery platform. The deal brings Outbrain's solutions to the international network of sites Synacor manages for multichannel video programming distributors (MVPDs), internet service providers (ISPs), and consumer electronics manufacturers. It will enable personalized content discovery and provide new revenue opportunities for Synacor and its customers.
"Outbrain's proprietary recommendation algorithms present highly personalized content and increase user engagement," said Ron Bernstein, SVP, Ad Sales & Operations, Synacor. "We anticipate that the partnership will generate additional revenues for Synacor and for our customers."
Outbrain will power modules placed on Synacor's Startpages, which will aggregate Synacor content and links to third-party stories and articles that users might like.
"We are excited to partner with Synacor and use our technology to surface highly personalized content recommendations to the 20 million people who visit its network of sites," said Josh Feller, SVP, Global Business Development, Outbrain.
Further details about the agreement were not disclosed.
About Outbrain
Outbrain (www.outbrain.com) is the world's largest content discovery platform, bringing personalized, relevant online, mobile and video content to audiences while helping publishers understand their audiences through data. Outbrain serves over 190 billion personalized content recommendations every month and reaches over 557 million unique visitors from across the globe.
Outbrain's expansion to some of the web's largest global properties is a reflection of its rapid growth and its successful innovations in supporting a new era of digital publishing. Top-tier premium publications that currently leverage the Outbrain platform include: CNN, ESPN, Le Monde, Fox News, The Guardian, Slate, The Telegraph, New York Post, Times of India, Sky News and Time Inc.
Founded in 2006, the company is headquartered in New York with a presence in a growing number of locations globally, including the U.S., UK, Israel, Singapore, Japan and Australia.
Follow @Outbrain on Twitter: twitter.com/Outbrain
About Synacor
Synacor (Nasdaq:SYNC) is the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers. We deliver modern, multiscreen experiences and advertising to their consumers that require scale, actionable data and sophisticated implementation. www.synacor.com
Forward-Looking Statements
This release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of management of Synacor, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other factors affecting the operation of the respective businesses of Synacor. More detailed information about these factors may be found under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in Synacor's annual report on Form 10-K for the year ended December 31, 2014, which is available on the company's website at investor.synacor.com and on the SEC's website at www.sec.gov. Synacor is under no obligation to, and expressly disclaims any such obligation to, update or alter their respective forward-looking statements, whether as a result of new information, future events, or otherwise.
Important Additional Information
Synacor, Inc. (the "Company") has provided to its stockholders a definitive proxy statement, filed with the Securities and Exchange Commission ("SEC") on March 27, 2015, and an accompanying proxy card in connection with the Company's 2015 annual meeting of stockholders (the "2015 Annual Meeting"). The Company, its directors and certain of its executive officers may be deemed to be participants in the solicitation of proxies from stockholders in connection with the 2015 Annual Meeting. Information concerning the interests of these directors and executive officers in connection with the matters to be voted on at the 2015 Annual Meeting is included in the definitive proxy statement filed by the Company with the SEC in connection with such meeting. In addition, information concerning the Company's directors and executive officers is available in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, filed with the SEC on March 12, 2015. To the extent holdings of the Company's securities have changed since the amounts contained in the definitive proxy statement filed with the SEC in connection with the 2015 Annual Meeting, such changes have been reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 and Statements of Changes in Beneficial Ownership of Securities on Form 4 filed with the SEC. Such documents are, or will be, available free of charge at the SEC website at http://www.sec.gov. STOCKHOLDERS ARE URGED TO READ CAREFULLY THE DEFINITIVE PROXY STATEMENT FILED BY THE COMPANY AND ANY OTHER RELEVANT DOCUMENTS FILED WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION WITH RESPECT TO THE PARTICIPANTS.
CONTACT: Meredith Roth, VP, Corporate Communications
Synacor
mroth@synacor.com
+1 716-362-3880
(MORE TO FOLLOW) Dow Jones Newswires
April 08, 2015 07:02 ET (11:02 GMT)
$SYNC - Synacor Launches Cloud ID SDK to Simplify Mobile App Development and Subscriber Login Experience
Mar 25, 2015 07:04:00 (ET)
Synacor Launches Cloud ID SDK to Simplify Mobile App Development and Subscriber Login Experience
Synacor currently deploying Cloud ID with customers for OTT Authentication
In Related News, Cloud ID Expands Auto Authentication for 2015 NCAA Men's Basketball Tournament
BUFFALO, N.Y., March 25, 2015 (GLOBE NEWSWIRE) -- Synacor Inc. (Nasdaq:SYNC), the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers, today announced the launch of its Cloud ID Software Development Kit (SDK), which Synacor is rolling-out with its customers to simplify mobile app development and to improve the mobile consumer login experience.
With Synacor's Cloud ID SDK, authentication for any mobile app can be deployed in days, providing a speed-to-market advantage, as well as a rich feature-set for MVPDs, programmers and OTT providers. Synacor's Cloud ID SDK also opens up new market opportunities for Synacor, as all mobile apps can benefit from this innovation.
In one easy-to-deploy package, Synacor's Cloud ID SDK provides the following key features:
-- Support for iOS and Android native apps
-- Auto Authentication for consumer in-home access to media with no
credentials required
-- Social Login via Facebook, Twitter, Google+ sign-in
-- Fraud Management / Attack Prevention
Additional features soon to be released include out-of-home Auto Authentication and Single Sign-On across mobile apps, allowing consumers to access multiple apps without needing to re-enter their credentials.
MVPDs, programmers and OTT providers benefit from faster time-to-market, reduced development costs, access to a rich user profile to personalize the experience, and fraud management. Further, Cloud ID SDK enhances subscriber satisfaction by providing frictionless access to the media consumers want.
"Cloud ID SDKs make for a rapid onboarding experience for our customers building and operating mobile video apps, speeding time-to-market and opening-up Synacor to broader market segments," said John Kavanagh, Senior Director, Identity Management for Synacor. "Reaching tens of millions of cable TV and satellite TV accounts, our Cloud ID Authentication platform has become a preferred choice among OTT providers."
In related news for Synacor Cloud ID, just in time for the madness of the 2015 NCAA Men's college basketball playoffs, Synacor has expanded Auto Authentication availability with new launches. Instead of the hassle of password entry, with Cloud ID Auto Authentication, one click is all it takes for subscribers to unlock live video of the must-see tournament from any device on their home network.
Synacor's Cloud ID identity management platform provides authentication services for video, messaging, premium services and mobile apps. These capabilities help MVPDs, consumer electronics companies, app developers and programmers provide a secure and trusted identity management solution for their end-consumers.
About Synacor
Synacor (Nasdaq:SYNC) is the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, and device manufacturers. We deliver modern, multiscreen experiences and advertising to their consumers that require scale, actionable data and sophisticated implementation. www.synacor.com
Forward-Looking Statements
This release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of management of Synacor, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other factors affecting the operation of the respective businesses of Synacor. More detailed information about these factors may be found under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in Synacor's annual report on Form 10-K for the year ended December 31, 2014, which is available on the company's website at investor.synacor.com and on the SEC's website at www.sec.gov. Synacor is under no obligation to, and expressly disclaims any such obligation to, update or alter their respective forward-looking statements, whether as a result of new information, future events, or otherwise.
CONTACT: Meredith Roth, VP, Corporate Communications
Synacor
mroth@synacor.com
716-362-3880
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March 25, 2015 07:04 ET (11:04 GMT)
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What Does Synacor Do?
Platform
Synacor's integration, authentication and engagement platform enables our customers-cable, satellite, telecom and consumer electronics companies-to deliver content and services to their consumers across multiple devices anytime, anywhere. Learn more >
TV Everywhere
What consumers want-and what our customers want to deliver to their subscribers-is a simple, single point of access to watch their favorite shows anytime, anywhere across multiple devices. With behind the scenes technology, Synacor makes this possible. Learn more >
Synacor Clients
Latest SEC Filings
May 15, 2012
Filing: 10-Q
Quarterly Report
May 9, 2012
Filing: SC 13G/A
Amended Statement Of Beneficial Ownership
Apr 30, 2012
Filing: DEF 14A
Definitive Proxy Statement
Apr 25, 2012
Filing: 8-K
Current Report
Apr 18, 2012
Filing: 4
Bailey, Scott A
Apr 18, 2012
Filing: 4
Chamoun, George
Apr 18, 2012
Filing: 4
Frankel, Ronald N
Mar 30, 2012
Filing: 8-K
Current Report
Mar 30, 2012
Filing: 10-K
Annual Report
Latest Press Releases
May 10, 2012
Synacor Announces Annual Stockholders Meeting
May 7, 2012
Synacor's HTML5 Apps Expert Jaafer Haidar to Speak at International CTIA Wireless Tuesday, May 8, New Orleans
May 1, 2012
Synacor Acquires Carbyn; Announces Industry's First Integrated HTML5 Platform Powering Apps, Content and Entertainment Across Devices
Apr 27, 2012
Synacor TV Everywhere Expert Michael Bishara to Speak at Digital Hollywood Wednesday, May 2, 2012, Marina Del Rey, California
Apr 25, 2012
Synacor Reports Record First Quarter 2012 Results
Apr 24, 2012
Synacor Partners With Midcontinent to Bring TV Everywhere Including HBO GO and MAX GO to Subscribers
Apr 17, 2012
Synacor Partners With MetroCast to Provide TV Everywhere Solution
Apr 11, 2012
Synacor to Discuss First Quarter 2012 Results on April 25, 2012 Via Webcast
Apr 3, 2012
Synacor's Jaafer Haidar to Speak at the New York Technology Council's U.S. Department of State Event Wednesday, April 4, 2012, United Nations Plaza
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