Advertisement
U.S. markets close in 54 minutes
  • S&P 500

    5,257.69
    +9.20 (+0.18%)
     
  • Dow 30

    39,809.24
    +49.16 (+0.12%)
     
  • Nasdaq

    16,394.25
    -5.27 (-0.03%)
     
  • Russell 2000

    2,122.42
    +8.07 (+0.38%)
     
  • Crude Oil

    83.02
    +1.67 (+2.05%)
     
  • Gold

    2,241.10
    +28.40 (+1.28%)
     
  • Silver

    24.95
    +0.20 (+0.82%)
     
  • EUR/USD

    1.0789
    -0.0041 (-0.38%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • GBP/USD

    1.2621
    -0.0017 (-0.14%)
     
  • USD/JPY

    151.4100
    +0.1640 (+0.11%)
     
  • Bitcoin USD

    70,619.05
    +1,919.42 (+2.79%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Synchronoss Technologies Full Year 2022 Earnings: Misses Expectations

Synchronoss Technologies (NASDAQ:SNCR) Full Year 2022 Results

Key Financial Results

  • Revenue: US$252.6m (down 10.0% from FY 2021).

  • Net loss: US$17.5m (loss narrowed by 70% from FY 2021).

  • US$0.20 loss per share (improved from US$0.90 loss in FY 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Synchronoss Technologies Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 1.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Synchronoss Technologies has 3 warning signs we think you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here

Advertisement