Overview

* Synchronoss Technologies Inc ( SNCR ) Q3 revenue of $42 mln missed analyst expectations

* Net income for Q3 was $5.8 mln, significantly improved from last year

* Company expects new customer additions in 2025 and 2026

Outlook

* Synchronoss ( SNCR ) expects 2025 revenue between $169 mln and $172 mln

* Company anticipates recurring revenue of at least 90% of total revenue in 2025

* Synchronoss ( SNCR ) projects 2025 adjusted EBITDA between $50 mln and $53 mln

Result Drivers

* RECURRING REVENUE - 93.8% of Q3 revenue was recurring, driven by cloud subscriber growth

* CLOUD AI MODEL - Deployment of hybrid cloud AI model for cost optimization, enabling in-house photo tagging and image embeddings

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $42 mln $43.19

Revenue mln (3

Analysts

)

Q3 EPS $0.51

Q3 Net $5.80

Income mln

Q3 Gross $29.20

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the it services & consulting peer group is "buy."

* Wall Street's median 12-month price target for Synchronoss Technologies Inc ( SNCR ) is $13.00, about 57.2% above its November 3 closing price of $5.57

* The stock recently traded at 2 times the next 12-month earnings vs. a P/E of 3 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)