Brief: Synchronoss Technologies Reports Fourth Quarter And Full Year 2022 Results

Synchronoss Technologies

07/03/2023 21:15

March 7 (Reuters) - Synchronoss Technologies Inc  SNCR.O :
    * SYNCHRONOSS TECHNOLOGIES REPORTS FOURTH QUARTER AND FULL
YEAR
2022 RESULTS
    * SEES FOR FISCAL YEAR ENDING DECEMBER 31, 2023, GAAP
REVENUE TO
RANGE BETWEEN $242.0 MILLION AND $255.0 MILLION
    * COMPANY EXPECTS ADJUSTED EBITDA TO RANGE BETWEEN $44.0
MILLION
AND $55.0 MILLION IN 2023
    * QTRLY LOSS PER SHARE $0.18
    * EXPECTS CLOUD SUBSCRIBER GROWTH TO CONTINUE AT A
DOUBLE-DIGIT
RATE ON A YEAR-OVER-YEAR BASIS IN 2023
    * QTRLY TOTAL REVENUE DECREASED 17% TO $61.6 MILLION FROM
$73.8
MILLION IN PRIOR YEAR PERIOD
    * Q4 EARNINGS PER SHARE VIEW $0.06, REVENUE VIEW $65.2
MILLION --
REFINITIV IBES DATA
    * FY2023 REVENUE VIEW $258.3 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX8LZt2f 
Further company coverage:  SNCR.O 

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