Last $1.87 USD
Change Today -0.04 / -2.09%
Volume 103.9K
SYNC On Other Exchanges
As of 8:10 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

synacor inc (SYNC) Snapshot

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11/29/13 - $2.88
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09/12/14 - $1.80
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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
Company Advisor
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

synacor inc (SYNC) Key Developments

Synacor, Inc. Plans to Reduce 70 Positions; Reaffirms Guidance for the Third Quarter of 2014; Revises Earnings Guidance for the Full Year 2014

Synacor Inc. announced plans to streamline the business and focus R&D costs. These actions include a workforce reduction of approximately 70 positions, or about 20% of the company's employees, effective at the end of the third quarter 2014. The company reaffirmed its revenue and adjusted EBITDA guidance for third quarter of 2014, of $25.0 million to $26.0 million in revenue and adjusted EBITDA in between negative $0.5 million to $0.5 million, excluding one-time costs related to the reduction in workforce. For full year 2014, the company reaffirmed its revenue guidance of $100.0 million to $103.0 million. Adjusted EBITDA guidance was increased from a range of negative $2.5 million to negative $1.0 million to a range of negative $1.0 million to breakeven, excluding the one-time costs related to the reduction in workforce and a $1.0 million pretax gain from the sale in second quarter of a domain name.

Synacor Announces Departure of COO Scott Bailey

Synacor Inc. announced Scott Bailey will be leaving the company to pursue other interests effective September 30, 2014, having served as Chief Operating Officer since fall of 2010.

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.


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