QUOTE AND NEWS
Motley Fool  Dec 13  Comment 
How Ford will solve the problems with MyFord Touch: ditching Microsoft and starting over.
Automotive World  Dec 12  Comment 
Many industry critics note that often, the infotainment systems offered by OEMs are too slow, under-developed or come with general usage issues. Could Ford's new SYNC change the game? The post Can Ford’s new SYNC 3 change its image for the...
Automotive World  Dec 11  Comment 
SYNC® 3 – Ford’s new communications and entertainment system – features faster performance, more conversational voice recognition, a more intuitive smartphone-like touch screen and easier-to-understand graphical interface to help Ford...
Benzinga  Oct 29  Comment 
Synacor Inc. (Nasdaq: SYNC) today announced it has appointed Scott Murphy to its Board of Directors, effective October 28, 2014. The appointment of Mr. Murphy—managing director and chief investment officer of Advantage Capital Partners, which...
StreetInsider.com  Oct 1  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Management+Changes/Synacor+%28SYNC%29+Responds+to+Ratio+and+JEC/9875332.html for the full story.
StreetInsider.com  Sep 23  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Management+Changes/Synacor+%28SYNC%29+COO+Bailey+to+Depart+for+Other+Interests/9853641.html for the full story.
Benzinga  Aug 20  Comment 
Evogene (NYSE: EVGN) shares touched a new 52-week low of $12.39 after the company reported a Q2 loss of $0.13 per share on revenue of $3.85 million. Synacor (NASDAQ: SYNC) shares reached a new 52-week low of $1.94. Synacor's PEG ratio is...
Benzinga  Aug 14  Comment 
In a report published Thursday, Albert Fried & Company analyst Rich Tullo downgraded the rating on Synacor (NASDAQ: SYNC) from Overweight to Market Perform, and lowered the price target from $5.00 to $3.50. In the report, Albert Fried & Company...




 

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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