Last $1.90 USD
Change Today -0.05 / -2.56%
Volume 46.8K
SYNC On Other Exchanges
Symbol
Exchange
NASDAQ GM
Frankfurt
As of 8:10 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

synacor inc (SYNC) Snapshot

Open
$1.98
Previous Close
$1.95
Day High
$2.02
Day Low
$1.89
52 Week High
11/29/13 - $2.88
52 Week Low
09/12/14 - $1.80
Market Cap
52.5M
Average Volume 10 Days
69.1K
EPS TTM
$-0.16
Shares Outstanding
27.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SYNACOR INC (SYNC)

synacor inc (SYNC) Related Bloomberg News

View More Bloomberg News

synacor inc (SYNC) Related Businessweek News

No Related Businessweek News Found

synacor inc (SYNC) Details

Synacor, Inc. provides startpages and homescreens, TV Everywhere solutions, Identity Management services, and various cloud-based services across a range of devices for cable, satellite, telecom, and consumer electronics companies in the United States, and the United Kingdom. The company’s technology allows customers to package a range of personalized, online content, and cloud-based services with their high-speed Internet, communications, television and other offerings. It also offers authentication and aggregation solutions that enable the delivery of personalized online content; and provides search and display advertising services. Further, the company offers subscriber-based services, including email and calendar solutions; security services; TV Everywhere that enables subscribers to watch free television online or utilize its authentication functionality to authorize them to watch television online; and variety package that combines content from various Internet subscription and entertainment products into a single package. Its subscriber-based services also comprise sports plus package, which combines access to various sports-related content providers; portable and non-portable music services, including download-to-own, download-to-rent, and streaming music from its content providers’ libraries; games and GamesSomnia package, such as subscriptions to online gaming services and gaming-related news sources; and Learning Edge package consisting of various educational products. The company was formerly known as CKMP, Inc. and changed its name to Synacor, Inc. in July 2001. Synacor, Inc. was founded in 1998 and is headquartered in Buffalo, New York.

373 Employees
Last Reported Date: 04/1/14
Founded in 1998

synacor inc (SYNC) Top Compensated Officers

Co-Founder and Executive Vice President of Sa...
Total Annual Compensation: $300.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $310.0K
Chief Operating Officer
Total Annual Compensation: $350.0K
Company Advisor
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

synacor inc (SYNC) Key Developments

Synacor, Inc. Announces Resignation of Ron Frankel from Board of Directors

Synacor, Inc. announced former CEO Ron Frankel has stepped down from the company's Board of Directors effective August 25, 2014, having served as a member since 2001. Frankel's departure signals the next phase of Synacor's transition under the leadership of newly appointed CEO, Mr. Himesh Bhise, a leading broadband, multiscreen and mobile executive.

Synacor, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months June 30, 2014; Provides Financial Guidance for the Third Quarter and Fiscal 2014

Synacor, Inc. reported unaudited consolidated earnings results for the second quarter and six months June 30, 2014. For the second quarter of 2014, total revenue was $24.2 million, compared to $26.7 million in the second quarter of 2013. Net loss attributable to Synacor, Inc. was $1.9 million, compared to net loss of $0.6 million in the second quarter of 2013. Earnings per share, or EPS, were a loss of $0.07 as compared to $0.02 per share, in the second quarter of 2013. Adjusted LBITDA was $1.2 million compared to Adjusted EBITDA of $1.0 million in the second quarter of 2013. The company used $4.6 million in cash in operating activities, compared to generating $0.5 million in the second quarter of 2013. Loss from operations was $2.15 million, compared to $0.89 million for the same period last year. Loss before income taxes and equity interest was $2.17 million, compared to $0.94 million for the same period last year. For the six months, the company reported revenue was $49.44 million, compared to $55.85 million for the same period last year. Loss from operations was $4.56 million, compared to $0.78 million for the same period last year. Loss before income taxes and equity interest was $4.66 million, compared to $0.71 million for the same period last year. Net loss attributable to Synacor, Inc. was $3.92 million or $0.14 per diluted share, compared to $0.61 million or $0.02 per diluted share for the same period last year. Net cash used in operating activities was $5.78 million, compared to $0.2 million for the same period last year. Purchases of property and equipment were $2.8 million, compared to $2.5 million for the same period last year. Adjusted LBITDA was $1.86 million compared to Adjusted EBITDA of $2.77 million for the same period last year. The company provided financial guidance for the third quarter and fiscal 2014. Revenue for the third quarter of 2014 is projected to be in the range of $25.0 million to $26.0 million. For the third quarter of 2014, the company expects to report adjusted LBITDA of $0.5 million to adjusted EBITDA of $0.5 million. Revenue for the full year of 2014 is projected to be in the range of $100.0 million to $103.0 million. For the full year of 2014, the company expects to report adjusted LBITDA of $2.5 million to $1.0 million, excluding the $1.0 million pretax gain from the sale of the domain name.

Synacor To Lay A Strategic Plan

Himesh Bhise, Chief Executive Officer of Synacor, Inc. (NasdaqGM:SYNC), said that he will develop a new strategic plan within the next 45 days, which will then be presented to Synacor's Board and then to investors.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SYNC:US $1.90 USD -0.05

SYNC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Facebook Inc $77.00 USD +0.57
Google Inc $597.27 USD +3.98
Netflix Inc $459.01 USD +4.48
Yahoo! Inc $42.09 USD -0.50
Zynga Inc $3.08 USD -0.07
View Industry Companies
 

Industry Analysis

SYNC

Industry Average

Valuation SYNC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SYNACOR INC, please visit www.synacor.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.