Company profile

Ticker
SNCR
Exchange
CEO
Jeffrey C. Miller
Employees
Location
Fiscal year end
SEC CIK
IRS number
61594540

SNCR stock data

(
)

Calendar

9 Nov 20
27 Jan 21
31 Dec 21

News

Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Synchronoss earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 46.36M 46.36M 46.36M 46.36M 46.36M 46.36M
Cash burn (monthly) (positive/no burn) (positive/no burn) 5.67M 8.09M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a 22.25M 31.78M n/a n/a
Cash remaining n/a n/a 24.11M 14.58M n/a n/a
Runway (months of cash) n/a n/a 4.3 1.8 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
1 Jan 21 Silver Private Holdings I Series A Convertible Participating Perpetual Preferred Stock Common Stock, par value $0.0001 per share Grant Aquire A No 18 9,078 163.4K 259,510
1 Oct 20 Silver Private Holdings I Series A Convertible Participating Perpetual Preferred Stock Common Stock, par value $0.0001 per share Grant Aquire A No 18 8,761 157.7K 250,432
3 Aug 20 Miller Jeffrey George Common Stock Sell Dispose S Yes 3.23 2,292 7.4K 153,955
7 Jul 20 Clark David D Common Stock Sell Dispose S Yes 3.3 17,942 59.21K 232,526
1 Jul 20 Silver Private Holdings I Series A Convertible Participating Perpetual Preferred Stock Common Stock, par value $0.0001 per share Grant Aquire A No 18 8,454 152.17K 241,671
44.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 76 80 -5.0%
Opened positions 7 12 -41.7%
Closed positions 11 12 -8.3%
Increased positions 26 26
Reduced positions 25 24 +4.2%
13F shares
Current Prev Q Change
Total value 87.64M 76.45M +14.6%
Total shares 19.55M 20.19M -3.2%
Total puts 528.2K 793.2K -33.4%
Total calls 200 0 NEW
Total put/call ratio 2641.0 Infinity NaN%
Largest owners
Shares Value Change
BLK Blackrock 3.27M $9.86M +1.5%
JPM JPMorgan Chase & Co. 2.8M $8.67M -6.8%
Vanguard 1.8M $5.42M +6.5%
Dimensional Fund Advisors 1.08M $3.26M -9.0%
Group One Trading 1.02M $3.06M +82.3%
First Washington 944.63K $2.84M +54.6%
Acadian Asset Management 910.19K $2.74M +7.7%
STT State Street 889.52K $2.68M -2.5%
Archon Capital Management 874.85K $2.63M -29.0%
Jacobs Levy Equity Management 666.6K $2.01M -1.3%
Largest transactions
Shares Bought/sold Change
Worth Venture Partners 0 -471.13K EXIT
Group One Trading 1.02M +458.77K +82.3%
Citadel Advisors 42.45K -391.63K -90.2%
Archon Capital Management 874.85K -357.21K -29.0%
First Washington 944.63K +333.63K +54.6%
JPM JPMorgan Chase & Co. 2.8M -203.89K -6.8%
Susquehanna International 292.76K +194.09K +196.7%
Bridgeway Capital Management 218.8K +168.8K +337.6%
Renaissance Technologies 532.4K -160.6K -23.2%
GS Goldman Sachs 40.23K -155.05K -79.4%

Financial report summary

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Competition
MsoEricssonAmdocsAccentureNeustarAccentureDropboxJibeAccenture
Risks
  • The terms of our secured revolving credit facility require us to meet certain operating covenants and place restrictions on our operating and financial flexibility. If we raise additional capital through debt financing, the terms of any new debt could further restrict our ability to operate our business.
  • Our business may not generate sufficient cash flows from operations or future borrowings from institutional creditors or from other sources which may not be available to us in amounts sufficient to enable us to fund our liquidity needs, including capital expenditure requirements.
  • If we do not meet our revenue forecasts, we may be unable to reduce our expenses in a timely fashion to avoid or minimize harm to our results of operations.
  • Our Series A Convertible Participating Perpetual Preferred Stock (the “Series A Preferred Stock”) contains covenants that may limit our business flexibility.
  • Our Series A Preferred Stock has rights, preferences and privileges that are not held by, and are preferential to, the rights of our common stockholders, which could adversely affect our liquidity and financial condition, and may result in the interests of the holders of our Series A Preferred Stock differing from those of our common stockholders.
  • If we do not continue to improve our operational, financial and other internal controls and systems to manage our growth and size, our business, results of operations and financial condition could be adversely affected.
  • The success of our business depends on the continued growth in demand for connected devices and the continued availability of high-speed access to the Internet.
  • The novel coronavirus outbreak could impact our operations.
  • Due to the global nature of our operations, political or economic changes or other factors in a specific country or region could harm our operating results and financial condition.
  • Economic, political and market conditions can adversely affect our business, results of operations and financial condition.
  • Catastrophic events may disrupt our business.
  • We may experience quarterly fluctuations in our operating results due to a number of factors which make our future results difficult to predict and could cause our operating results to fall below expectations or our guidance.
  • If we fail to compete successfully with existing or new competitors, our business could be harmed.
  • The markets in which we market and sell our products and services are highly competitive, and if we do not adapt to rapid technological change, we could lose customers or market share, which could adversely affect our ability to sustain or grow revenue.
  • The success of our business depends on our ability to achieve or sustain market acceptance of our services and solutions at desired pricing levels.
  • Technology drives our products and services. If we fail to keep pace with technological advances in the industry, or if we pursue technologies that do not become commercially accepted, customers may not buy our products or use our services.
  • Though acceptance of cloud-based software has advanced in recent years, some businesses may still be hesitant to adopt these types of solutions.
  • Government regulation of the Internet and e-commerce and of the international exchange of certain information is subject to possible unfavorable changes, and our failure to comply with applicable regulations could harm our business and operating results.
  • Our business depends substantially on customers renewing and expanding their subscriptions for our services. Any decline in our customer renewals and expansions would harm our future operating results.
  • If we do not maintain the compatibility of our services with third-party applications that our customers use in their business processes or if we fail to adapt our services to changes in technology or the marketplace, demand for our services could decline.
  • Our revenue, earnings and profitability are affected by the length of our sales cycle, and a longer sales cycle could adversely affect our results of operations and financial condition.
  • We traditionally have had substantial customer concentration, with a limited number of customers accounting for a substantial portion of our revenues.
  • Our revenue for a particular period may be difficult to predict, and a shortfall in revenue may harm our operating results.
  • Because we recognize revenue for certain of our products and services ratably over the term of our customer agreements, downturns or upturns in the value of signed contracts will not be fully and immediately reflected in our operating results.
  • Our offerings of new services or products may be subject to complex revenue recognition standards, which could materially affect our financial results.
  • Failure to maintain the confidentiality, integrity and availability of our systems, software and solutions could seriously damage our reputation and affect our ability to retain customers and attract new business.
  • Undetected errors or failures found in our products and services may result in loss of or delay in market acceptance of our products and services that could seriously harm our business.
  • Many of our current and planned products are highly complex and may contain defects or errors that are detected only after deployment in telecommunications networks. If that occurs, our reputation may be harmed.
  • We collect, process, store, disclose and use personal information and other data, and our actual or perceived failure to protect this information and data could damage our reputation and brand and harm our business and operating results.
  • Compliance with changing data protection and European privacy laws could require us to incur significant costs or experience significant business disruption and failure to comply could result in an adverse impact on our business.
  • Compromises to our privacy safeguards or disclosure of confidential information could impact our reputation.
  • Downgrades in our credit ratings may increase our future borrowing costs, limit our ability to raise capital, cause our stock price to decline or reduce analyst coverage, any of which could have a material adverse impact on our business.
  • Changes in laws, regulations or governmental policy applicable to our customers or potential customers may decrease the demand for our solutions or increase our costs.
  • Fraudulent Internet transactions could negatively impact our business.
  • Consolidation in the communications industry or the other industries that we serve can reduce the number of actual and potential customers and adversely affect our business.
  • Failures or interruptions of our systems and services could materially harm our revenues, impair our ability to conduct our operations and damage relationships with our customers.
  • The quality of our support and services offerings is important to our customers and if we fail to meet our service level obligations under our service level agreements or otherwise fail to offer quality support and services, we would be subject to penalties and could lose customers.
  • The financial and operating difficulties in the telecommunications sector may negatively affect our customers and our company.
  • Our performance and growth depend on our ability to generate customer referrals and to develop referenceable customer relationships that will enhance our sales and marketing efforts. A failure to accomplish these objectives could materially harm our business.
  • We rely in part on strategic relationships with third parties to sell and deliver our solutions. If we are unable to successfully develop and maintain these relationships, our business may be harmed.
  • We are exposed to our customers’ credit risk.
  • Our reliance on third-party providers for communications software, services, hardware and infrastructure exposes us to a variety of risks we cannot control.
  • We are participants in several joint ventures, which may subject us to certain risks relating to our ability to perform our obligations under the joint ventures, including funding future joint venture capital requirements.
  • If we are unable to protect our intellectual property rights, our competitive position could be harmed, or we could be required to incur significant expenses to enforce our rights.
  • Claims by others that we infringe their proprietary technology could harm our business.
  • We may seek to acquire companies or technologies, form joint ventures or make investments in other companies or technologies, which could disrupt our ongoing business, disrupt our management and employees, dilute our stockholders’ ownership, increase our debt, and adversely affect our results of operations.
  • We make significant investments in new products and services that may not be profitable or align with our established company vision.
  • Interruptions or delays in our service due to problems with our third-party web hosting facilities or other third-party service providers could adversely affect our business.
  • Our expansion into additional international markets may be subject to uncertainties that could increase our costs to comply with regulatory requirements in foreign jurisdictions, disrupt our operations and require increased focus from our management.
  • Fluctuations in foreign currency exchange rates could result in foreign currency transaction losses, which could harm our operating results and financial condition.
  • We must recruit and retain our key management and other key personnel and our failure to recruit and retain qualified employees could have a negative impact on our business.
  • Our employee retention and hiring may be adversely impacted by immigration restrictions and related factors.
  • Our use of “open source” software could negatively affect our ability to sell our services and subject us to possible litigation.
  • Our inability to raise additional capital or generate the significant capital necessary to expand our operations and invest in new products could reduce our ability to compete and could harm our business.
  • We continue to incur significant costs as a result of operating as a public company, and our management is required to devote substantial time to new and ongoing compliance initiatives.
  • Changes in, or interpretations of, accounting principles could result in unfavorable accounting charges.
  • Changes in, or interpretations of, tax rules and regulations, could adversely affect our effective tax rates.
  • If we are required to collect sales and use taxes on the services we sell in additional jurisdictions, we may be subject to liability for past sales and our future sales could decrease.
  • Our stock price may continue to experience significant fluctuations and could subject us to litigation.
  • If securities or industry analysts do not publish research or reports or publish unfavorable research about our business, our stock price and trading volume could decline.
  • The decline in the market price of our securities and the restatement of our previously issued financial results has resulted in private litigation that if results in judgments against us could have a material adverse impact on our results of operations and financial condition.
  • Other than payment of dividends on our Series A Preferred Stock, we have never paid dividends on our capital stock and we do not anticipate paying any dividends in the foreseeable future. Consequently, any gains from an investment in our common stock will likely depend on whether the price of our common stock increases.
  • Delaware law and provisions in our restated certificate of incorporation and amended and restated bylaws could make a merger, tender offer or proxy contest difficult, therefore depressing the trading price of our common stock.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Avg
New words: counsel, ID, leasehold, refinement, Request, return, scale, Universal
Removed: comparable, domestic, noncurrent, reserve, specific

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