QUOTE AND NEWS
TheStreet.com  Jun 27  Comment 
NEW YORK (The Deal) -- Two shareholders are demanding that Synacor put itself up for sale, as changes in search engine technology affect its bottom line. Michael Torok of technology focused private equity firm JEC Capital Partners and Bart Kool...
DailyFinance  Jun 25  Comment 
New Ford SYNC® 911 Assist™ features debuting on the 2015 Ford Mustang will offer emergency dispatchers more potentially vital information to better inform first responders en route to an accident. “911 Assist uses a...
StreetInsider.com  Jun 25  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Synacor+%28SYNC%29+Enters+Partnership+with+DISH+%28DISH%29+for+Cloud+ID+Social+Login/9611589.html for the full story.
StreetInsider.com  Jun 18  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Synacor+%28SYNC%29+Will+Provide+Cloud+ID+Authentication+Tech+for+TELUS+%28TU%29/9592885.html for the full story.
Automotive World  Jun 2  Comment 
Emergency Assistance helps connect vehicle occupants to emergency service operators in the event in of a crash, giving detailed GPS location information and opening a line of communication with emergency responders Ford’s Emergency Assistance...
Benzinga  May 14  Comment 
In a report published Wednesday, Bank of America analyst Nat Schindler reiterated an Underperform rating but lowered the price target from $2.50 to $2.40 on Synacor (NASDAQ: SYNC). In the report, Bank of America noted, “Synacor has many...
SeekingAlpha  May 14  Comment 
Synacor, Inc. (SYNC) Q1 2014 Results Earnings Conference Call May 13, 2014 05:00 PM ET Executives Denise Garcia - ICR Ron Frankel - Chief Executive Officer Bill Stuart - Chief Financial Officer Analysts Nat Schindler -...
SeekingAlpha  Mar 7  Comment 
By Gordon Tam: Editor’s Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks. Inspired by the possibility of...
SeekingAlpha  Mar 7  Comment 
By Mike Arnold: Editors' Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks. It was another quarter of tough comps and...
StreetInsider.com  Mar 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Synacor%2C+Inc.+%28SYNC%29+Extends+Agreement+With+Google/9256322.html for the full story.




 

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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