Synacor Inc

NASDAQ:SYNC  
1.43
+0.04 (+2.88%)
Other Pre-Announcement

Synacor Reports Third Quarter 2020 Financial Results

Published: 11/11/2020 21:26 GMT
Synacor Inc (SYNC) - Synacor Reports Third Quarter 2020 Financial Results.
Q3 Adjusted Loss per Share $0.05.
Q3 Revenue $18.5 Million Versus Refinitiv Ibes Estimate of $20.3 Million.
Q3 Loss per Share $0.10.
Q3 Earnings per Share Estimate $-0.07 -- Refinitiv Ibes Data (analyst estimates).
Reinstates Financial Guidance for Q4 2020.
Sees Q4 Revenue of $20.0 Million to $22.0 Million.
Sees Q4 GAAP Net Loss of $0.5 Million to $1.1 Million.
Sees Q4 Adjusted EBITDA of $2.5 Million to $3.1 Million.
Expects to Be Cash Flow Positive Beginning With Q4 of 2020 on a Go-forward Basis.