Benzinga | Aug 11, 2020 06:33PM EDT

Synacor: Q2 Earnings Insights

Shares of Synacor (NASDAQ:SYNC) were flat in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 40.00% over the past year to ($0.07), which beat the estimate of ($0.09).

Revenue of $18,176,000 decreased by 42.93% from the same period last year, which missed the estimate of $18,500,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Aug 11, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwww.synacor.com%2Finvestor-relations%2Fevents-and-presentations%2F&eventid=2402372&sessionid=1&key=3EC33ECC1E1E1A220DE71F79D3DE2BEE&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $1.85

Company's 52-week low was at $0.79

Price action over last quarter: Up 0.87%

Company Overview

Synacor Inc provides managed portals, advertising solutions, email and collaboration platforms, end-to-end video solutions and cloud-based identity management. Its customers include communications providers, media companies, government entities and enterprises. The company's operating segment includes Software and Services and Portal and Advertising. It generates maximum revenue from the Portal and Advertising segment. Geographically, it derives maximum revenue from the United States.