Key Developments: Synacor Inc (SYNC.W)
3.44USD
10 Jun 2013
$-0.07 (-1.99%)
$3.51
$3.42
$3.44
$3.42
900
562
$17.29
$2.59
Latest Key Developments (Source: Significant Developments)
Synacor Inc Issues Q2 2013 Guidance Below Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance; Lowers FY 2013 EBITDA Guidance
Synacor Inc announced that for second quarter of 2013, it expects revenue to be in the range of $26.5 - $27.5 million and adjusted EBITDA of $0.8- $1.2 million. For fiscal 2013, it expects revenue to be in the range of $122.0- $126.0 million and adjusted EBITDA of $8.0- $10.0 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $30.6 million and EBITDA of $2.7 million for the second quarter of 2013; and revenue of $123.1 million and EBITDA of $12.21 million for fiscal 2013. Full Article
Synacor Inc Expands Partnership With Verizon FiOS
Synacor Inc announced that it has expanded relationship with Verizon to offer the Company's nearly five million FiOS TV subscribers access to TV shows and movies from one online destination. The My Verizon website includes a simple search and discovery experience, easy authentication, and the ability to log in just once. Full Article
Synacor Inc Revises FY 2013 Guidance-Conference Call
Synacor Inc announced that for fiscal 2013, it expects revenues in the range of $122-$126 million and EBITDA is 11.6 million to $12.6 million. Full Article
Synacor Inc Issues Q1, FY 2013 Guidance Below Analysts' Estimates
Synacor Inc announced that for the first quarter of 2013, it expects revenue to be in the range of $28.5 million to $29.5 million and adjusted EBITDA of $1.6 million to $2.0 million. For fiscal 2013, the Company expects revenue of $122.0 to $126.0 million and adjusted EBITDA of $11.6 to $12.6 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $33.0 million and EBITDA of $4.2 million for the first quarter of 2013; and revenue of $147.1 million and EBITDA of $19.7 million for fiscal 2013. Full Article
Synacor Inc Partners With Zynga Inc To Bring Social Games To Pay TV-Reuters
Reuters reported that Synacor Inc, partly owned by Intel has partnered with Zynga Inc to allow pay TV and broadband providers offer social games to their customers. Synacor said certain pay-TV subscribers will get in-game currency each month as part of their subscription that can be redeemed for popular Zynga games such as Zynga Poker and FarmVille2. Full Article
Synacor Inc Issues Q4 2012 Guidance Below Analysts' Estimates; Lowers FY 2012 Guidance-Conference Call
Synacor Inc announced that for the fourth quarter of 2012 , it expects revenue within the range of $31 million to $33 million, with adjusted EBITDA in the range of $2.9 million to $3.9 million. As a result, the Company expects to finish fiscal 2012 with revenue in the range of $120.8 million to $122.8 million. The Company also expects adjusted EBITDA for fiscal 2012 to be in the range of $11 million to $12 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $34 million and EBITDA of $4.0 for the fourth quarter of 2012; and revenue of $123.5 million and EBITDA of $12 for fiscal 2012. Full Article
Synacor Inc Issues Q3 2012 Guidance Below Analysts' Estimates; Sees FY 2012 Revenue Guidance At Low End Of Prior Range; Reaffirms FY 2012 EBITDA Guidance
Synacor Inc announced that for the third quarter of 2012, it expects revenue to be in the range of $28.0 million to $28.5 million and adjusted EBITDA to be in the range of $2.0 million to $2.2 million. For fiscal 2012, the Company expects revenue be near the lower end of the existing guidance range of $123.0 million to $126.0 million and expects to report adjusted EBITDA of $12.0 million to $13.0 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $30.6 million and EBITDA of $2.9 million for the third quarter of 2012; and revenues of $125.3 million and EBITDA of $12.6 million for fiscal 2012. Full Article
Synacor Inc Confirms Acquisition Of Carbyn
Synacor Inc announced that it has confirmed the acquisition of Carbyn, the HTML5 Platform that delivers a unified experience for apps across Net-connected devices including smartphones, tablets, laptops, and connected TVs. Carbyn is a cloud-based platform which will deliver applications and content as a single experience on devices. Financial terms of the transaction were not disclosed Full Article
Synacor Inc Issues Q2 2012 Guidance; Raises FY 2012 Revenue Guidance; Reaffirms FY 2012 EBITDA Guidance
Synacor Inc announced that for the second quarter of 2012, it expects revenue to be in the range of $30.5-$31.0 million and expects to report adjusted EBITDA of $2.8-$3.0 million. For fiscal 2012 it expects revenue to be in the range of $123.0-$126.0 million and expects to report adjusted EBITDA of $12.0-$13.0 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $123.08 million and EBITDA of $12.4 million for fiscal 2012. Full Article
Synacor Inc Partners With Midcontinent
Synacor Inc announced that it has reached an agreement with Midcontinent, provider of data, video, phone and cable advertising services, to offer Midcontinent's subscribers TV Everywhere solutions including HBO GO and MAX GO. Midcontinent customers who subscribe to HBO and/or Cinemax will have unlimited access to the corresponding new online services at any time, on any computer in the U.S. Full Article
BRIEF-Synacor shares down 13.2 pct after the bell following results
NEW YORK, Feb 20 - Synacor Inc : * Shares were down 13.2 percent after the bell following the release of its results.
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