Synacor is the company engaged in technology development, multi platform services and revenue partner for video, the Internet and communications providers, device manufacturers, governments, and enterprises. The Company's mission is to enable its customers to better engage with their consumers. The customers use Synacor’s technology platforms and services to scale their businesses and extend their subscriber relationships. Synacor delivers managed portals, advertising solutions, email and collaboration platforms, end-to-end video solutions and cloud-based identity management.

Company Growth (employees)
Type
Public
HQ
Buffalo, US
Founded
1998
Size (employees)
449 (est)
Synacor was founded in 1998 and is headquartered in Buffalo, US

Key People at Synacor

Steve Davi

Steve Davi

Senior Vice President, Software Engineering

Synacor Office Locations

Synacor has offices in Buffalo, Westford, Frisco, London and in 7 other locations
Buffalo, US (HQ)
300 40 La Riviere Dr
Toronto, CA
501 410 Adelaide St W
Minato, JP
3F Shiodome Building, 1-2-20 Kaigan, Minato-ku
Singapore, SG
9 Battery Road 11/F Straits Trading Building
San Francisco, US
1100 360 Post St
Pune, IN
Bund Garden Rd
Show all (11)

Synacor Data and Metrics

Synacor Financial Metrics

Synacor's revenue was reported to be $26.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

26.5 m

Gross profit (Q1, 2017)

14 m

Gross profit margin (Q1, 2017), %

53%

Net income (Q1, 2017)

(6.7 m)

EBIT (Q1, 2017)

(6.1 m)

Market capitalization (22-Aug-2017)

89.5 m

Cash (31-Mar-2017)

11.3 m
Synacor's current market capitalization is $89.5 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

111.8 m106.6 m110.2 m127.4 m

Revenue growth, %

(5%)3%16%

Cost of goods sold

59.6 m57.9 m54.4 m59.1 m

Gross profit

52.2 m48.6 m55.8 m68.2 m

Gross profit Margin, %

47%46%51%54%

Sales and marketing expense

22.8 m

R&D expense

25.6 m

General and administrative expense

19.7 m

Operating expense total

68.2 m

EBIT

(149 k)(5.7 m)(2.9 m)(9.2 m)

EBIT margin, %

(0%)(5%)(3%)(7%)

Interest expense

193 k218 k245 k318 k

Pre tax profit

(940 k)(7 m)(3.2 m)(9.5 m)

Income tax expense

(134 k)4.8 m239 k1.2 m

Net Income

(1.4 m)(12.9 m)(3.5 m)(10.7 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

24.2 m26.2 m26.7 m24.7 m26.4 m30.3 m30.5 m31.7 m26.5 m

Cost of goods sold

13.1 m14.4 m14.4 m12.5 m13.3 m13 m13.5 m14.6 m12.6 m

Gross profit

11 m11.8 m12.3 m12.2 m13.1 m17.3 m17 m17.1 m14 m

Gross profit Margin, %

46%45%46%49%50%57%56%54%53%

Sales and marketing expense

2.5 m2.6 m3.6 m3.6 m4.3 m5.7 m5.6 m5.9 m6.7 m

R&D expense

7.1 m7.6 m5.9 m6.6 m6.8 m7.3 m

General and administrative expense

3.5 m4.1 m3.4 m3.4 m3.7 m5 m5.1 m4.9 m4 m

Operating expense total

13.1 m14.3 m6.9 m7 m8 m16.5 m17.3 m17.6 m17.9 m

EBIT

(2.1 m)(3.6 m)(971 k)(999 k)(854 k)(1.4 m)(2.7 m)(2.9 m)(6.1 m)

EBIT margin, %

(9%)(14%)(4%)(4%)(3%)(4%)(9%)(9%)(23%)

Interest expense

23 k75 k50 k59 k35 k68 k84 k75 k87 k

Pre tax profit

(2.2 m)(3.6 m)(1 m)(1 m)(921 k)(1.4 m)(2.5 m)(3 m)(6.2 m)

Income tax expense

(641 k)(1.3 m)4 k16 k10 k144 k260 k379 k446 k

Net Income

(1.9 m)(2.6 m)(1.1 m)(1.1 m)(931 k)(1.6 m)(2.8 m)(3.4 m)(6.7 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

36.4 m25.6 m15.7 m14.3 m

Inventories

1.7 m2.3 m3.3 m

Current Assets

53 m48.4 m43.3 m46.6 m

PP&E

14.4 m

Goodwill

1.6 m1.6 m15.2 m15.9 m

Total Assets

74.8 m66.2 m89 m93.4 m

Accounts Payable

13.6 m12.5 m9 m18.8 m

Total Debt

7.6 m7 m

Current Liabilities

20.7 m22.1 m31.6 m43.6 m

Total Liabilities

53.8 m

Common Stock

306 k

Additional Paid-in Capital

102.2 m106 m113.2 m117.7 m

Retained Earnings

(49.7 m)(62.6 m)(66.1 m)(76.9 m)

Total Equity

46.1 m39.6 m

Debt to Equity Ratio

0.2 x0.2 x

Debt to Assets Ratio

0.1 x0.1 x

Financial Leverage

1.9 x2.4 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

25.7 m24.4 m26.8 m27.1 m15.6 m15.7 m16.3 m15 m11.3 m

Accounts Receivable

19.3 m

Current Assets

46.4 m44.2 m48.3 m46.1 m38.6 m42.5 m40.5 m39.6 m33.6 m

PP&E

14.5 m14.1 m14.7 m13.9 m14 m14.8 m14.9 m

Goodwill

1.6 m1.6 m1.6 m1.6 m14.7 m15.9 m15.9 m15.9 m15.9 m

Total Assets

69.5 m68.8 m65.5 m62.8 m85.5 m90.1 m87.7 m87.1 m80.5 m

Accounts Payable

10.7 m10.8 m13.5 m10.4 m11.6 m12.1 m10.7 m11.9 m15 m

Current Liabilities

18.6 m19.1 m21.7 m19.1 m28.1 m33.4 m34.5 m36.3 m36.1 m

Additional Paid-in Capital

103.8 m105.1 m106.8 m107.7 m112.9 m114 m115.1 m116.2 m118.7 m

Retained Earnings

(53.6 m)(56.2 m)(63.7 m)(64.8 m)(65.7 m)(67.7 m)(70.4 m)(73.8 m)(83.5 m)

Total Equity

42.1 m41.9 m46.2 m45.4 m43.4 m41.3 m34 m

Financial Leverage

1.6 x1.5 x1.8 x2 x2 x2.1 x2.4 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(1.4 m)(12.9 m)(3.5 m)(10.7 m)

Depreciation and Amortization

4.7 m5.1 m6.9 m9.2 m

Accounts Receivable

1.1 m(5.9 m)(362 k)(2.1 m)

Inventories

189 k(367 k)(547 k)

Accounts Payable

(527 k)(359 k)(3.6 m)8.7 m

Cash From Operating Activities

5.2 m(3.3 m)7.7 m8.2 m

Purchases of PP&E

(5.9 m)(5 m)(3.2 m)(5.9 m)

Cash From Investing Activities

(8.9 m)(4.8 m)(20.5 m)(8.4 m)

Short-term Borrowings

(2.1 m)(2.3 m)(1.4 m)(1.7 m)

Cash From Financing Activities

(1.9 m)(2.8 m)2.9 m(1.2 m)

Interest Paid

165 k219 k212 k318 k

Income Taxes Paid

140 k112 k210 k737 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(1.9 m)(2.6 m)(1.1 m)(1.1 m)(931 k)(1.6 m)(2.8 m)(3.4 m)(6.7 m)

Depreciation and Amortization

1.1 m1.1 m1.5 m1.7 m1.6 m2.1 m2.3 m2.4 m2.2 m

Accounts Receivable

19.3 m

Accounts Payable

10.7 m10.8 m13.5 m10.4 m11.6 m12.1 m10.7 m11.9 m15 m
USDY, 2017

Revenue/Employee

62 k

Financial Leverage

2.4 x

Synacor Market Value History

Synacor Median Salaries

Source: 19 public H-1B filings from Synacor

Traffic Overview of Synacor

Synacor Online and Social Media Presence

Synacor Company Life and Culture

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