Synchronoss revenue in Q3 grows sequentially

Thursday 8 November 2018 | 17:31 CET | News
Synchronoss Technologies reported total revenue in Q3 of USD 83.3 million, a decrease from USD 91.0 million in Q3 2017 but on the rise versus USD 76.7 million in the second quarter of 2018. The company drives USD 4.5 million of adjusted EBITDA which includes a one-time expense of USD 4.9 million from a prior quarter. Normalised adjusted EBITDA for the third quarter was USD 9.4 million with an EBITDA margin of 11.2 percent. Gross profit decreased to USD 39.6 million compared to USD 45.4 million in the third quarter of 2017, while operating loss diminished to USD 34.6 million compared to loss

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Categories: General
Companies: Synchronoss Technologies
Countries: World
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