Synacor, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s total revenue was $29,143,000, compared to $30,670,000 in the first quarter of 2012. Search and display advertising revenue was $24,100,000, compared to $25,800,000 in the first quarter of 2012. Subscription-based revenue was $5,100,000, compared to $4,900,000 in the first quarter of 2012. Income from operations was $110,000 against $1,620,000 a year ago. Income before income taxes was $45,000 against $1,573,000 a year ago. Net income was $27,000 or $0.04 per diluted share against $1,174,000 a year ago. Net cash used in operating activities was $746,000 against net cash provided from operating activities of $753,000 a year ago. Purchases of property and equipment were $544,000 against $879,000 a year ago. For the first quarter of 2013, net income includes stock-based compensation expense of $600,000, or $0.02 per share, in the first quarter of 2013, as compared to $600,000, or $0.02 per share, in the first quarter of 2012. For the first quarter of 2013, adjusted EBITDA, which excludes stock-based compensation expense, was $1,802,000, or 6% of revenue, compared to $2,959,000, or 10% of revenue, in the first quarter of 2012. The company provided earnings guidance for the second quarter and full year of fiscal 2013. For quarter, based on information available as of May 7, 2013, the company’s revenue for the second quarter of 2013 is expected to be in the range of $26.5 million to $27.5 million. For the second quarter of 2013, the company expects to report adjusted EBITDA of $0.8 million to $1.2 million. Fiscal 2013, the company’s revenue for the full year of 2013 is expected to be in the range of $122.0 million to $126.0 million. For the full year of 2013, the company expects to report adjusted EBITDA of $8.0 million to $10.0 million.

Synacor, Inc. announced it has expanded its relationship with Verizon to offer the company's nearly 5 million FiOS TV subscribers access to TV shows and movies from one online destination. The My Verizon website now includes a simple search and discovery experience, easy authentication, and the ability to log in just once. Synacor's next-gen startpages offer pay-TV providers an end-to-end tech solution that's branded, customized, and revenue-generating, while simultaneously increasing satisfaction, loyalty and engagement among their subscribers. Providers can deliver content, services and apps to their consumers across multiple devices, anytime, anywhere. Synacor continues to launch dozens of compelling video content options, including partners like Fox News Channel, Fox Sports, NHL, The Weather Channel, Starz and VEVO.

Synacor, Inc. announced that they will report Q1, 2013 results on May 07, 2013