QUOTE AND NEWS
newratings.com  May 5  Comment 
DALLAS (dpa-AFX) - Telecom giant AT&T Inc. (T) has awarded a contract to host its web and mobile portals to Synacor Inc. (SYNC), ending a major portion of its 15-year old deal with Yahoo! Inc. (YHOO). The move by AT&T deals a blow to...
Benzinga  May 5  Comment 
Ormat Technologies, Inc. (NYSE: ORA) shares reached a new 52-week high of $44.96 as the company reported better-than-expected Q1 results. Masimo Corporation (NASDAQ: MASI) shares climbed 12.08 percent to touch a new 52-week high of $47.56 as...
MarketWatch  May 4  Comment 
Synacor Inc. shares skyrocketed in the extended session Wednesday after AT&T Inc. awarded the video and Internet tech company a portal services contract that could bring in about $100 million a year in revenue beginning in 2017. Synacor shares...
Automotive World  Apr 13  Comment 
New Ford Escape brings to market available FordPass® with SYNC® Connect – allowing drivers to lock, unlock and locate their vehicle, and to schedule remote starts and check fuel level via a smartphone app 2017 Escape is first Ford vehicle to...
Automotive World  Mar 18  Comment 
Production of the new 2017 Ford Escape – available with driver-assist technology that can help keep drivers in their lane, maintain a set speed and distance on the highway, and even aid drivers in getting out of a tight parking spot – is now...




 

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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