Synchronoss Technologies (SNCR) Financials

Synchronoss Technologies Inc (SNCR) is a leading provider of cloud, messaging, and digital products to telecommunication providers, cable operators, and technology companies around the world. The company's financial performance has been strong, with consistent growth in key metrics such as total revenue, gross profit, and net income from stockholders.

In its most recent income statement, Synchronoss Technologies Inc reported a total revenue of $337 million, representing a 2% increase compared to the previous year. Gross profit for the same period was $150 million, indicating a healthy gross margin of 44%. Net income from stockholders reached $26 million, reflecting a significant improvement over the previous year.

The company's EBIT (earnings before interest and taxes) stood at $34 million, while EBITDA (earnings before interest, taxes, depreciation, and amortization) was $56 million. These figures demonstrate the company's ability to generate strong operating profits and manage its expenses effectively.

Synchronoss Technologies Inc's balance sheet reveals a healthy financial position, with total assets of $648 million and total liabilities of $382 million. The company's stockholders' equity is $266 million, indicating a strong capital base and a solid foundation for future growth.

Cash equivalents for Synchronoss Technologies Inc amounted to $112 million, providing the company with liquidity to meet its short-term obligations and invest in strategic initiatives. However, the company also has a net debt of $28 million, suggesting some level of borrowing to finance its operations.

When it comes to cash flow, Synchronoss Technologies Inc has demonstrated consistent positive cash flow from its operating activities. In the most recent period, the company reported an operating cash flow of $39 million, enabling it to fund its day-to-day operations and invest in growth opportunities.

The company's financing cash flow was $2 million, indicating a modest level of external financing activities. Meanwhile, Synchronoss Technologies Inc's investing cash flow reached $3 million, reflecting its investments in property, plant, and equipment, as well as strategic acquisitions and partnerships.

Synchronoss Technologies Inc also generated free cash flow of $36 million, which represents the amount of cash available to the company after deducting its capital expenditures. This amount can be used for various purposes, such as debt repayment, dividend distributions, or additional investments.

Overall, Synchronoss Technologies Inc's financials demonstrate its strong performance and stable financial position. With a focus on innovation and customer-centric solutions, the company is well-positioned to capitalize on the growing demand for cloud, messaging, and digital products in the telecommunications industry.