Synchronoss Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:33 pm EST
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Synchronoss Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 55.65 million compared to USD 59.9 million a year ago. Net loss was USD 2.7 million compared to net income of USD 1.02 million a year ago. Basic loss per share from continuing operations was USD 0.54 compared to USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.54 compared to USD 0.09 a year ago.
For the nine months, sales was USD 173.07 million compared to USD 191 million a year ago. Net loss was USD 22.12 million compared to net income of USD 5.71 million a year ago. Basic loss per share from continuing operations was USD 3.06 compared to USD 0.18 a year ago. Diluted loss per share from continuing operations was USD 3.06 compared to USD 0.18 a year ago.
Synchronoss Technologies, Inc. is a provider of white label cloud, messaging, digital and network management solutions that enable its customers to keep subscribers, systems, networks and content in sync. The Companyâs Synchronoss Personal Cloud solution is designed to create an engaging and trusted customer experience through ongoing content management and engagement. Its Synchronoss Personal Cloud platform is a white label platform that allows its customersâ subscribers to backup and protect, engage with, and manage their personal content and gives its operator customers the ability to increase average revenue per user (ARPU) and reduce churn. The Synchronoss Personal Cloud platform is designed to support smartphones, tablets, desktops computers, and laptops. Its Advanced Messaging platform is a messaging platform that expands capabilities for communications service provider and multi-service providers to offer Person-to-Person (P2P) messaging via Rich Communications Services (RCS).
SYNCHRONOSS TECHNOLOGIES, INC. 
