Trade Synchronoss Technologies Inc - SNCR CFD

Synchronoss Company profile

About Synchronoss Technologies, Inc.

Synchronoss Technologies, Inc. operates in and markets solutions and services. The Company's platforms give its customers the opportunity in the Telecommunications, Media and Technology (TMT) space, converging services, connected devices, networks and applications. The Company delivers platforms, products and solutions, including White Label Personal Cloud, Messaging, Digital and Total Network Management (TNM). Its Personal Cloud platform is a white label platform designed to store and sync subscriber's personally created content to and from current and new devices. Its Messaging platform powers its subscriber's mailboxes across the world. Its Digital platform is a suite of technology, tools and solutions that includes digital experience creation and management, automated provisioning, artificial intelligence and financial analytics that services a range of TMT markets. Its TNM application suite designs, procures, manages and optimizes telecom network infrastructure.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Synchronoss Technologies, Inc. revenues decreased 4% to $280.6M. Net loss applicable to common stockholders increased 20% to $58.5M. Revenues reflect EMEA segment decrease of 17% to $22.6M, APAC segment decrease of 9% to $32.6M. Higher net loss reflects FX gains (losses) decrease from $4.2M (income) to $5.8M (expense), Interest Expense increase from $476K to $6.4M (expense).

Equity composition

Common Stock $.0001 Par, 03/11, 100M auth., 39,757,000 issd., less 2,000,000 shs. in Treas. @ $23.7M. Insiders & Strategic Owns 13.22%. IPO:6/15/06, 7.1M shares @ $8 per share by Goldman Sachs and Deutsche Bank. All preferred stocks will beconverted into Common Stock.