NimbleTV Acquisition Breathes New Life Into Synacor
Tue, Jun. 7, 3:00 PM
Tue, Jun. 7, 9:13 AM
Thu, May 26, 9:18 AM| Thu, May 26, 9:18 AM | 1 Comment
Wed, May 11, 9:12 AM
Fri, May 6, 5:37 PM
Thu, May 5, 12:50 PM
Thu, May 5, 9:12 AM
- Gainers: SYNC +143%. LGCY +31%. AAWW +27%. EPE +21%. FCEL +19%. WTW +15%. DNR +14%. ZNGA +14%. CHK +13%. BCEI +12%. UNXL +12%. ARRS +10%. CRC +10%. CLMT +9%. ORIG +9%. QRVO +8%. GSV +8%. HMY +8%. VNR +7%. MEET +7%. SDRL 7%. CLR 6%. SGYP 6%. OAS 5%. REGN 5%. BABA 5%. AUY 5%.
- Losers: PTX -37%. FRSH -27%. SQNM -19%. FIT -13%. EBIO -11%. LB -10%. WFT -9%. SEAS -8%. ABC -8%. CTL -5%.
Wed, May 4, 5:37 PM
Wed, May 4, 4:58 PM
- AT&T (NYSE:T) is breaking up a 15-year hosting partnership with Yahoo (NASDAQ:YHOO), electing to give most of that business to Synacor (NASDAQ:SYNC).
- Synacor has jumped 56% in after-hours trade; YHOO is flat in postmarket action.
- In return for hosting AT&T's Web and mobile portals, Yahoo had shared revenues from the sites with the telecom, while AT&T customers got access to Yahoo's search engine and media services on the AT&T portal.
- Yahoo's share came to about $100M/year, which will now go to Synacor, a company with a market cap of $44.5M.
- Yahoo will still keep a small piece, continuing to host mail for AT&T customers. Yahoo says only that AT&T is still a "valued partner."
Wed, Mar. 16, 4:02 PM
Nov. 11, 2015, 5:59 PM
- In addition to beating Q3 estimates, Synacor (NASDAQ:SYNC) is guiding for Q4 revenue of $29M-$31M, above a $28.9M 3-analyst consensus. Q4 adjusted EBITDA guidance is at $0.8M-$1.8M, and full-year guidance has been hiked to $5.5M-$6.5M from $3.5M-$5M.
- Top-line performance/metrics: Subscription-based revenue (possibly boosted by the Zimbra acquisition) rose 23% Y/Y in Q3 to $7M. Search/ad revenue fell 6% to $19.4M, with search's decline offsetting a 17% increase in ad revenue to $12M. Multi-platform unique visitors averaged 20.6M vs. 20M in Q2 and 20.7M a year ago.
- Financials: GAAP costs/expenses fell 9% Y/Y to $27.2M - $4.4M was spent on R&D, $4.3M on sales/marketing, and $3.7M on G&A. Synacor ended Q3 with $15.6M in cash, annd $4.9M in credit line debt.
- Shares have risen to $1.62 after hours.
- Q3 results, PR
Nov. 11, 2015, 4:15 PM
- Synacor (NASDAQ:SYNC): Q3 EPS of -$0.03 beats by $0.03.
- Revenue of $26.35M (+0.5% Y/Y) beats by $2.88M.
- Shares +12.7%.
May 1, 2015, 3:13 PM
- In addition to beating Q1 revenue estimates (while posting in-line EPS), Synacor (NASDAQ:SYNC) has guided for Q2 revenue of $24M-$25.5M, above a 3-analyst $22.8M consensus. Full-year sales guidance has been hiked by $2M to $97M-$102M (consensus is at $100.5M).
- The TV Everywhere/login management software provider's adjusted EBITDA guidance might have left investors wanting more: After coming in at $1.3M in Q1 (above guidance of $0-$1M), adjusted EBITDA is expected to drop to $0.2M-$1.2M in Q2. Full-year adjusted EBITDA guidance has been hiked by $0.5M to $2M-$4M.
- Search/display ad revenue rose 4% Y/Y in Q1 to $19.9M, and subscription-based revenue rose 14% to $6.1M. Synacor ended the quarter with $26.8M in cash, and no debt; its market cap is currently $57.1M.
Q1 results, PR, CC transcript
Apr. 10, 2015, 9:13 AM
- Synacor (NASDAQ:SYNC) now expects Q1 revenue of $26M-$26.5M and adjusted EBITDA of $0.5M-$1M vs. prior guidance of $24M-$26M and $0-$1M; the revenue consensus is at $25.2M.
- Full-year revenue guidance has been hiked by $2M to $97M-$102M (consensus is at $100M), and adjusted EBITDA guidance by $0.5M to $2M-$4M. Synacor also states it generated over $1M in cash in Q1; it had $25.6M at the end of 2014.
- The TV Everywhere software attributes the numbers to "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." It saw a spate of insider buying a month ago.
- Shares have risen to $2.46 premarket. Full Q1 results arrive on April 30.
Mar. 6, 2015, 11:59 AM
- Synacor (NASDAQ:SYNC) CEO Himesh Bhise discloses he bought 16K shares on Tuesday at $2.23. Director Michael Montgomery bought 25K shares on Tuesday at $2.29, and director Marwan Farwaz bought 25K shares on Tuesday at $2.18.
- The purchases came a few days after Synacor dropped in response to the mixed guidance provided with a Q4 beat.
Feb. 26, 2015, 1:37 PM
- In addition to beating Q4 estimates, Synacor (NASDAQ:SYNC) is guiding for Q1 revenue of $24M-$26M and full-year revenue of $95M-$100M, above consensus estimates of $24.5M and $95.2M at the midpoints.
- However, in spite of recent cost-cutting efforts, the company only expects 2015 adjusted EBITDA of $1.5M-$3.5M (suggests EPS will be negative). Adjusted EBITDA totaled $2.8M in 2014 and $4M in 2013.
- Search/ad revenue rose 4% Y/Y in Q4 to $24.9M, and subscription fee-based revenue 11% to $6M. Ad impressions +3% Y/Y to 10B; search queries -21% to $157.8M; unique visitors -3% to 19.5M.
- GAAP costs/expenses rose only 3% to $29.6M. Synacor's cash balance rose by $1.2M Q/Q to $25.6M.
- Q4 results, PR
Synacor, Inc. provides technology based services. The company is the technology development, multiplatform services and revenue partner for video, Internet and communications providers, and device manufacturers. Its technology offers solutions by providing their consumers access to online... More
Industry: Internet Information Providers
Country: United States