You wanna know the reason this stock dropped so much?
Its because they had 4 bad quarters and research was discovered by private funds in buffalo that the compensation package for management was bull. I dont have to prove myself to you guys. You can prove it for yourself. Goto the income statement and see for youself. Why the hell did they spend so much on SGA. Its not because there hiring anybody. I know that Synacor has a high turnover rate because people leave all the time. That high SGA expense includes executives salaries. They are paying themselves rediculous amounts of money and taking net income down with it. Greedy Management= Bad fundamental. On top of that this stock is also a telecom stock which represents more then 60% of their business. Another interesting fact about this stock is that 60% of its revenue relies on google. If google decides to shut them out this stock is bankrupt. Telecom is a dying industry. Their advertising revenues dollars are based on a variable formula of how many page views can be generated. Its also the summer season now and less people are probably going to be watching tv on their tablets.