A Business at a Glance
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SYNCHRONOSS TECHNOLOGIES INC
SNCR
$99M
Mkt Cap
SYNCHRONOSS TECHNOLOGIES INC (SNCR) has a 5-year average return on invested capital (ROIC) of -31.0%. This is below average and may indicate limited pricing power.
SYNCHRONOSS TECHNOLOGIES INC (SNCR) has a market capitalization of $104M. It is classified as a small-cap stock.
SYNCHRONOSS TECHNOLOGIES INC (SNCR) does not currently pay a regular dividend.
SYNCHRONOSS TECHNOLOGIES INC (SNCR) operates in the Services-Computer Programming Services industry, within the Technology sector.
SYNCHRONOSS TECHNOLOGIES INC (SNCR) reported annual revenue of $174 million in its most recent fiscal year, based on SEC EDGAR filings.
SYNCHRONOSS TECHNOLOGIES INC (SNCR) has a net profit margin of 2.7%. This is a modest margin.
SYNCHRONOSS TECHNOLOGIES INC (SNCR) generated $26 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FORWARD LOOKING STATEMENTS The words “Synchronoss,” “we,” “our,” “ours,” “us” and the “Company,” refer to Synchronoss Technologies, Inc. and its consolidated subsidiaries. All statements in this Annual Report on Form 10-K for the fiscal year ended December 31, 2024 that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding Synchronoss’ “expectations,” “beliefs,” “hopes,” “intentions,” “anticipates,” “seeks,” “strategies,” “plans,” “targets,” “estimations,” “outlook” or the like. Such statements are based on management’s current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Past performance is not necessarily indicative of future results.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 171M | 174M | 164M | 174M | 189M | 292M |
| Net Income | -9.7M | 4.6M | -65M | -17M | -58M | -49M |
| EPS | $-0.82 | $0.43 | $-59.58 | $-16.29 | $-5.96 | $-5.22 |
| Free Cash Flow | 53M | 26M | 18M | 16M | 3.4M | -1.4M |
| ROIC | 12.1% | 7.6% | -6.0% | - | -43.7% | -81.6% |
| Gross Margin | - | 77.5% | 74.3% | 73.2% | 68.2% | 58.2% |
| Debt/Equity | 2.95 | 7.02 | 6.20 | 2.48 | 1.94 | 1.48 |
| Dividends/Share | $0.00 | - | - | - | - | $0.00 |
| Operating Income | 28M | 22M | -11M | - | -26M | -48M |
| Operating Margin | 16.5% | 12.5% | -6.5% | - | -13.6% | -16.5% |
| ROE | -17.6% | 16.3% | -136.3% | -22.0% | -87.2% | -81.6% |
| Shares Outstanding | 12M | 11M | 1M | 1M | 10M | 9M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 349M | 307M | 373M | 426M | 402M | 326M | 309M | 292M | 189M | 174M | 164M | 174M | 171M |
| Gross Margin | 58.1% | 40.0% | 35.8% | 54.3% | 54.9% | 51.3% | 51.3% | 58.2% | 68.2% | 73.2% | 74.3% | 77.5% | N/A |
| R&D | 65M | 74M | 93M | 114M | 91M | 79M | 76M | 77M | 60M | 50M | 47M | 43M | 41M |
| SG&A | 62M | 77M | 85M | 126M | 154M | 122M | 113M | 89M | 74M | 61M | 65M | 52M | 47M |
| EBIT | 35M | -3.5M | -37M | -123M | -130M | -164M | -108M | -48M | -26M | N/A | -11M | 22M | 28M |
| Op. Margin | 10.0% | -1.2% | -10.0% | -28.8% | -32.2% | -50.4% | -34.9% | -16.5% | -13.6% | N/A | -6.5% | 12.5% | 16.5% |
| Net Income | 23M | 39M | 3.1M | 12M | -109M | -244M | -137M | -49M | -58M | -17M | -65M | 4.6M | -9.7M |
| Net Margin | 6.7% | 12.7% | 0.8% | 2.8% | -27.2% | -74.8% | -44.3% | -16.7% | -30.9% | -10.1% | -39.3% | 2.7% | -5.7% |
| Non-Recurring | 5.2M | -33K | 4.9M | 6.5M | 16M | 21M | 740K | 7.9M | 3.4M | 1.3M | 4.0M | 1.3M | 1.2M |
| Returns on Capital | |||||||||||||
| ROIC | 6.8% | 6.8% | 0.4% | 1.9% | -15.1% | -55.4% | -103.2% | -81.6% | -43.7% | N/A | -6.0% | 7.6% | 12.1% |
| ROE | 5.7% | 8.5% | 0.6% | 2.3% | -22.0% | -74.7% | -103.2% | -81.6% | -87.2% | -22.0% | -136.3% | 16.3% | -17.6% |
| ROA | 4.7% | 5.6% | 0.3% | 1.2% | -10.8% | -29.2% | -22.1% | -9.6% | -12.5% | -4.1% | -18.2% | 1.5% | -3.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 81M | 87M | 92M | 105M | -18M | -31M | 33M | -564K | 4.9M | 17M | 19M | 28M | 55M |
| Free Cash Flow | 7.7M | 13M | 34M | 62M | -30M | -43M | 24M | -1.4M | 3.4M | 16M | 18M | 26M | 53M |
| Owner Earnings | 15M | 2.4M | -10M | -36M | -136M | -177M | -67M | -55M | -22M | -2.9M | -3.2M | 4.8M | 32M |
| CapEx | 73M | 74M | 58M | 43M | 12M | 12M | 8.2M | 885K | 1.5M | 1.4M | 1.3M | 1.9M | 1.9M |
| Maint. CapEx | 41M | 56M | 71M | 106M | 95M | 118M | 77M | 44M | 17M | 15M | 17M | 17M | 17M |
| Growth CapEx | 32M | 18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 41M | 56M | 71M | 106M | 95M | 118M | 77M | 44M | 17M | 15M | 17M | 17M | 17M |
| CapEx/OCF | 90.6% | 104.1% | 42.9% | 40.7% | N/A | N/A | 25.1% | N/A | 30.8% | 8.1% | 6.9% | 6.7% | 3.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 7.1M | 7.1M | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | 1.2% | 1.3% | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 40M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 2.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 25M | 29M | 31M | 34M | 22M | 28M | 22M | 11M | 9.3M | 5.5M | 5.2M | 6.4M | 5.3M |
| Debt Repayment | 0 | 7.1M | 0 | 0 | 900M | 0 | 113M | 0 | 8.6M | 0 | 0 | 938K | 938K |
| Balance Sheet | |||||||||||||
| Net Debt | -73M | -57M | 11M | 22M | 68M | 95M | -39M | 33M | 147M | 151M | 141M | 176M | 128M |
| Cash & Equiv. | 64M | 236M | 148M | 170M | 156M | 104M | 39M | 32M | 29M | 18M | 25M | 33M | 35M |
| Long-Term Debt | N/A | 230M | 225M | 226M | 228M | 0 | 0 | 0 | 133M | 135M | 136M | 185M | 163M |
| Debt/Equity | 0.00 | 0.50 | 0.45 | 0.48 | 0.49 | 1.20 | 0.00 | 1.48 | 1.94 | 2.48 | 6.20 | 7.02 | 2.95 |
| Interest Coverage | 11.0 | -1.0 | -6.5 | -16.5 | -2.3 | -33.5 | -79.5 | -101.1 | -4.0 | N/A | -0.8 | 1.2 | 173.3 |
| Equity | 448M | 463M | 505M | 530M | 464M | 189M | 76M | 43M | 91M | 68M | 27M | 30M | 55M |
| Total Assets | 527M | 863M | 1.0B | 1.1B | 965M | 703M | 532M | 482M | 451M | 398M | 310M | 294M | 278M |
| Total Liabilities | 79M | 399M | 443M | 499M | 477M | 502M | 443M | 189M | 275M | 249M | 212M | 252M | 223M |
| Intangibles | 102M | 99M | 174M | 163M | 132M | 99M | 78M | 70M | 60M | 22M | 22M | 19M | 19M |
| Retained Earnings | 122M | 161M | 201M | 108M | -5.0M | -233M | -334M | -346M | -369M | -377M | -431M | -425M | -443M |
| Working Capital | 99M | 354M | 327M | 186M | 178M | 51M | -10M | -3.8M | 27M | 25M | 34M | 41M | 21M |
| Current Assets | 162M | 442M | 407M | 370M | 371M | 294M | 143M | 121M | 122M | 105M | 82M | 81M | 61M |
| Current Liabilities | 63M | 88M | 80M | 183M | 192M | 244M | 153M | 125M | 95M | 80M | 48M | 40M | 40M |
| Per Share Data | |||||||||||||
| EPS | 2.61 | 4.32 | 0.32 | 1.22 | -11.03 | -27.23 | -15.12 | -5.22 | -5.96 | -16.29 | -59.58 | 0.43 | -0.82 |
| Owner EPS | 1.65 | 0.26 | -1.06 | -3.64 | -13.66 | -19.73 | -7.38 | -5.94 | -2.20 | -2.67 | -2.91 | 0.45 | 2.82 |
| Book Value | 50.03 | 51.48 | 51.13 | 54.12 | 46.70 | 21.10 | 8.41 | 4.64 | 9.26 | 63.50 | 24.58 | 2.78 | 4.81 |
| Cash Flow/Share | 9.06 | 9.70 | 9.31 | 10.68 | -1.84 | -3.50 | 3.60 | -0.06 | 0.50 | 16.19 | 17.38 | 2.64 | 0.65 |
| Dividends/Share | N/A | N/A | N/A | 0.00 | 0.00 | 0.79 | 0.78 | 0.00 | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 8.9M | 9.0M | 9.9M | 9.8M | 9.9M | 9.0M | 9.0M | 9.3M | 9.8M | 1.1M | 1.1M | 10.7M | 11.5M |
| Valuation | |||||||||||||
| P/E Ratio | 53.6 | 47.1 | 37.7 | 142.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 21.6 | -11.0 |
| P/FCF | 326.7 | 261.1 | 93.7 | 54.5 | N/A | N/A | 15.6 | N/A | 64.5 | 0.3 | 0.4 | 3.8 | 1.9 |
| EV/EBIT | 34.0 | 24.9 | 87.9 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 11.6 | 8.2 |
| Price/Book | 2.8 | 3.5 | 2.5 | 3.2 | 0.9 | 1.2 | 2.5 | 4.5 | 1.8 | 0.7 | 2.3 | 3.3 | 1.9 |
| Price/Sales | 3.6 | 3.4 | 4.2 | 3.7 | 2.1 | 0.9 | 0.9 | 0.5 | 0.8 | 0.7 | 0.4 | 0.6 | 0.6 |
| FCF Yield | 0.6% | 0.7% | 2.2% | 3.7% | -7.6% | -18.7% | 12.8% | -0.7% | 2.1% | 32.2% | 28.6% | 26.6% | 51.3% |
| Market Cap | 1.3B | 1.8B | 1.5B | 1.7B | 402M | 230M | 190M | 193M | 162M | 50M | 61M | 99M | 104M |
| Avg. Price | 280.43 | 334.59 | 386.27 | 323.53 | 171.17 | 65.76 | 58.42 | 33.34 | 29.33 | 12.85 | 7.54 | 9.60 | 9.00 |
| Year-End Price | 279.63 | 389.61 | 325.53 | 344.97 | 81.00 | 51.30 | 42.03 | 41.49 | 22.50 | 5.13 | 6.29 | 9.27 | 9.00 |
SYNCHRONOSS TECHNOLOGIES INC passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 1.9x vs a median of 15.6x. The company's 5-year average gross margin is 70.3%. At current prices, the estimated annualized return to fair value is -7.6%.
SYNCHRONOSS TECHNOLOGIES INC (SNCR) has a debt-to-equity ratio of 7.02. This indicates higher leverage, which may increase financial risk.
SYNCHRONOSS TECHNOLOGIES INC (SNCR) reported earnings per share (EPS) of $0.43 in its most recent fiscal year.
SYNCHRONOSS TECHNOLOGIES INC (SNCR) has a return on equity (ROE) of 16.3%. This indicates the company generates strong returns for shareholders.
SYNCHRONOSS TECHNOLOGIES INC (SNCR) has a 5-year average gross margin of 70.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for SYNCHRONOSS TECHNOLOGIES INC (SNCR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SYNCHRONOSS TECHNOLOGIES INC (SNCR) has a book value per share of $2.78, based on its most recent annual SEC filing.