Synchronoss Technologies' Q2 revenue misses estimates

Synchronoss Technologies

11/08/2025 21:31

Overview

Synchronoss Q2 revenue falls to $42.5 mln, missing analyst expectations

Adjusted EBITDA of $12.8 mln misses estimates, per LSEG data

Company received $33.9 mln CARES Act tax refund, aiding debt reduction

Outlook

Synchronoss expects full-year revenue guidance of $170-$180 mln

Company expects recurring revenue to be at least 90% of total

Synchronoss projects adjusted EBITDA of $52-$56 mln for 2025

Company anticipates free cash flow between $11 mln and $16 mln

Result Drivers

REVENUE DECLINE - Revenue fell due to expiration of a customer contract in December 2024, partially offset by 2.0% cloud subscriber growth

FOREIGN EXCHANGE LOSSES - Net loss impacted by $12.5 mln non-cash foreign exchange losses from intercompany revaluations

DEBT REDUCTION - CARES Act tax refund of $33.9 mln used to pay down debt, saving $2.9 mln in annual interest

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$42.50 mln
$42.80 mln (2 Analysts)
Q2 Adjusted EPS
Miss
$0.1
$0.49 (2 Analysts)
Q2 EPS
-$1.87
Q2 Net Income
-$19.60 mln
Q2 Adjusted EBITDA
Miss
$12.80 mln
$12.90 mln (2 Analysts)
Q2 Adjusted Free Cash Flow
$500,000
Q2 Free Cash Flow
$12.80 mln
Q2 Gross Profit
$29.40 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 is $26.50, about 70.5% above its August 8 closing price of $7.82

The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release: ID:nGNXbFBzcB

(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.)