Synchronoss Technologies

Synchronoss Technologies is a global software and services company that provides essential technologies and services for the mobile transformation of business. The Company's portfolio, which is targeted at the Consumer and Enterprise markets, contains offerings such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products, and solutions. Synchronoss' customers can simplify the processes associated with managing the customer experience for procuring, activating, connecting, backing up, synchronizing and sharing/collaborating with connected devices and contents from these devices and associated services.

Type
Public
HQ
Bridgewater, US
Founded
2000
Size (employees)
1,765 (est)-6%
Synchronoss Technologies was founded in 2000 and is headquartered in Bridgewater, US

Synchronoss Technologies Office Locations

Synchronoss Technologies has offices in Bridgewater, Bethlehem, Tucson, San Jose and in 11 other locations
Bridgewater, US (HQ)
200 Crossing Boulevard 8th Floor
Dublin, IE
42 Pearse St
Düsseldorf, DE
92A Königsallee
Paris, FR
36 Rue Brunel
Melbourne, AU
25 459 Collins St
Bengaluru, IN
12 Bannerghatta Rd

Synchronoss Technologies Data and Metrics

Synchronoss Technologies Financial Metrics

Synchronoss Technologies's revenue was reported to be $476.8 m in FY, 2016
USD

Revenue (FY, 2016)

476.8 m

Revenue growth (FY, 2015 - FY, 2016), %

(18%)

Gross profit (FY, 2016)

282.6 m

Gross profit margin (FY, 2016), %

59%

Net income (FY, 2016)

8 m

Market capitalization (17-Aug-2017)

718.1 m

Cash (31-Dec-2016)

181 m
Synchronoss Technologies's current market capitalization is $718.1 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

349 m457.3 m578.8 m476.8 m

Revenue growth, %

31%27%(18%)

Cost of goods sold

146.2 m184.4 m239.1 m194.2 m

Gross profit

202.8 m272.9 m339.8 m282.6 m

Gross profit Margin, %

58%60%59%59%

R&D expense

64.8 m73.6 m106.7 m

General and administrative expense

62.1 m79.2 m131.1 m

Operating expense total

314.2 m395 m260.2 m548.6 m

EBIT

34.9 m62.3 m79.6 m

EBIT margin, %

10%14%14%

Interest expense

1.1 m3 m5.7 m7 m

Interest income

557 k838 k2 m2.4 m

Pre tax profit

34.6 m60.6 m76.3 m

Income tax expense

11.2 m21.7 m(29.6 m)8 m

Net Income

23.4 m38.9 m46.7 m8 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

137.8 m150.9 m142.7 m157.6 m176.4 m

Cost of goods sold

54.9 m63.4 m68.3 m77.2 m

Gross profit

82.9 m87.4 m74.4 m99.2 m

Gross profit Margin, %

60%58%52%56%

R&D expense

22.5 m24 m24.1 m26.2 m28.1 m

General and administrative expense

18.7 m21 m27.6 m30.6 m31.6 m

Operating expense total

41.2 m45 m51.7 m56.8 m59.7 m

EBIT

23.6 m22.3 m(4.7 m)(3.5 m)13.2 m

EBIT margin, %

17%15%(3%)(2%)7%

Interest expense

(1.4 m)(1.4 m)(1.6 m)(1.8 m)(1.6 m)

Interest income

471 k546 k630 k591 k271 k

Pre tax profit

23.1 m20.4 m(6.5 m)(3.9 m)11.7 m

Income tax expense

(8 m)(10.7 m)(4 m)(3.4 m)(6.9 m)

Net Income

7.6 m15.9 m25.3 m10.6 m25.7 m35.4 m(10.5 m)(7.3 m)4.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

63.5 m236 m147.6 m181 m

Current Assets

161.6 m441.9 m406.9 m364.5 m

PP&E

106.1 m151.2 m168.3 m155.6 m

Goodwill

137.7 m147.1 m221.3 m269.9 m

Total Assets

527 m862.8 m1 b1.2 b

Accounts Payable

9.5 m25.1 m26 m15.8 m

Current Liabilities

62.8 m87.6 m80.2 m153.6 m

Additional Paid-in Capital

393.6 m454.7 m512.8 m575.1 m

Retained Earnings

121.8 m160.7 m201.3 m220.5 m

Total Equity

447.6 m529.1 m609.8 m657.1 m

Financial Leverage

1.2 x1.6 x1.7 x1.8 x
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

47.3 m66.9 m265.6 m152.5 m176.1 m143.4 m113.1 m111 m123.3 m

Current Assets

175.1 m195.6 m440.8 m379.4 m426.8 m404.4 m390.3 m385.6 m405.8 m

PP&E

104.2 m102.7 m130.6 m160.3 m164.1 m168.8 m162 m167.1 m168.1 m

Goodwill

137.4 m140.3 m151.1 m173.4 m175.6 m187 m310.9 m317.6 m315.2 m

Total Assets

533.5 m555.6 m857 m846.5 m901.8 m921.6 m1.1 b1.1 b1.1 b

Accounts Payable

6.1 m8 m50.5 m13 m19.5 m14.8 m33.2 m35.2 m28.7 m

Current Liabilities

48.1 m56.1 m109.5 m58.6 m71.8 m70.6 m165.3 m170.4 m155.1 m

Additional Paid-in Capital

403.6 m415.8 m436.5 m469.3 m484.2 m498.7 m535.3 m548 m562 m

Retained Earnings

129.4 m137.8 m147.1 m171.3 m186.4 m196.1 m194 m188.5 m196.1 m

Total Equity

466.5 m486.6 m504.7 m535.1 m571.9 m595.7 m627.7 m605.8 m631.2 m

Financial Leverage

1.1 x1.1 x1.7 x1.6 x1.6 x1.5 x1.8 x1.9 x1.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

23.4 m38.9 m46.7 m8 m

Depreciation and Amortization

41.1 m56 m72.2 m99.3 m

Inventories

8 m(15 m)(8.5 m)12.6 m

Accounts Payable

348 k4.2 m6.2 m(11.1 m)

Cash From Operating Activities

81.1 m71 m117.6 m142.6 m

Cash From Investing Activities

(73.7 m)(153 m)(226.1 m)(99.4 m)

Cash From Financing Activities

20.1 m254.3 m20.5 m(9 m)

Interest Paid

168 k2.3 m5.8 m4.7 m

Income Taxes Paid

1.8 m19.3 m29.9 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

7.6 m15.9 m25.3 m10.6 m25.7 m35.4 m(10.5 m)(7.3 m)4.8 m

Depreciation and Amortization

12.3 m26 m42.3 m14.8 m31.5 m51.2 m24.1 m25.3 m24.7 m

Accounts Payable

(3.4 m)(2.2 m)8.3 m106 k2.9 m106 k33.2 m35.2 m28.7 m

Cash From Operating Activities

(11.4 m)19.2 m45 m(135 k)41.8 m56.4 m

Cash From Investing Activities

(9 m)(25.2 m)(88.5 m)(87 m)(114.1 m)(168.7 m)

Cash From Financing Activities

4.1 m9.2 m245.5 m3.6 m11.7 m17.1 m

Interest Paid

3.9 m

Income Taxes Paid

717 k10.3 m14.2 m346 k13.7 m24.1 m
Y, 2016

Financial Leverage

1.8 x

Synchronoss Technologies Operating Metrics

FY, 2014FY, 2015FY, 2016

Patents Issued

100120100

Daily Data Connections

7 m7 m

Registered Devices

65 m65 m

    Synchronoss Technologies Market Value History

    Synchronoss Technologies Median Salaries

    Source: 112 public H-1B filings from Synchronoss Technologies

    Traffic Overview of Synchronoss Technologies

    Synchronoss Technologies Online and Social Media Presence

    Synchronoss Technologies News and Updates

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    Wall Street was slightly lower on Tuesday morning, as gains in financial stocks failed to make up for losses in energy stocks following a drop in oil prices.

    Term Sheet — Tuesday, December 6

    On deals and dealmakers.

    Synchronoss Technologies Company Life and Culture

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