QUOTE AND NEWS
Benzinga  Mar 16  Comment 
A slowdown in AT&T Inc. (NYSE: T) engagement has lowered Synacor Inc. (NASDAQ: SYNC)'s revenue prospects, but new investments and growth in recurring revenue segments will limit the downside, according to Canaccord Genuity.  The...
TechCrunch  Feb 26  Comment 
 Ford vehicles equipped with the automaker’s SYNC 3 infotainment system will soon have access to a new voice-powered driving assistant behind the wheel – Sygic’s new aptly named “Driving Assistant.” The feature, which works with...
TechCrunch  Jan 11  Comment 
 Ford is bringing crowdsourced navigation app Waze to its SYNC 3 infotainment system, the companies announced at CES 2018. The app will be available via Ford’s AppLink tech, offering up a Waze interface powered by your phone on the in-car...
Cellular News  Nov 15  Comment 
BUFFALO, N.Y. andSynacor Inc. (Nasdaq: SYNC) and WOW! Internet, Cable andamp; Phone (NYSE: WOW), one of the nation's leading broadband providers, today announced that the companies have launched a new WOW! customer portal, and ...




 

Synacor (NASDAQ:SYNC) provides services which allow cable and telecommunications providers to offer hosted and managed platforms. In particular, Synacor offers a platform onto which its customers end users can sign on and gain access to packaged online content and services. These services includes email, online games, movie, and security. Synacor makes money by displaying ads to the end users and by charging fees for value added services. Part of this revenue is shared with the company's direct customers - the cable and telecom companies.[1]


Business Overview

For the first nine months of 2011 ended in September, Synacor reported a total revenue of $62M. This resulted in a net income of $2.2M. For the same period in 2010, Synacor had a total revenue of $48M and a net loss of $3.2M [2]

New Updates

The company's initial public offering of stock on the NASDAQ occurred on February 9, 2012. The company offered 6.8M shares each for $5. This was at the low end of the $5-$6 revised price range. The company had initially announced that it would price in the $10-$12 range. The deal raised a total of $34M. The lead mangers of the deal were BofA and Citi.[3]

Trends & Forces

Competition with Google

Synacor generates a substantial portion of its revenue through a search agreement with Google. In return for directing search queries on the platform through Google, Synacor receives a portion of the per-click payment Google receives from its search ads. While this relation is key to Synacor's revenue, the two companies compete as online media distribution channels. While Synacor does not compete with Google for its clients, they do compete for end internet users. These internet users use both Google's and Synacor's platforms to easily access online content and services. [4]

  1. SYNC S-1/A 2012 PROSPECTUS SUMMARY "Our Business" pg. 1-3
  2. SYNC S-1/A 2012 PROSPECTUS SUMMARY "Summary Financial and Other Data" pg. 8-10
  3. Renaissance Capital - IPO Home "Synacor prices at $5, low end of the revised range" 10 Feb 2012
  4. SYNC S-1/A 2012 PROSPECTUS SUMMARY "Risk Factors" pg. 12-15
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