Synchronoss Historical Income Statement
| SNCR Stock | USD 9.52 0.59 6.61% |
Historical analysis of Synchronoss Technologies income statement accounts such as Other Operating Expenses of 264.5 M, Research Development of 50.8 M, EBITDA of 1.4 M or Cost Of Revenue of 40.1 M can show how well Synchronoss Technologies performed in making a profits. Evaluating Synchronoss Technologies income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Synchronoss Technologies's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Synchronoss Technologies latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Synchronoss Technologies is a good buy for the upcoming year.
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About Synchronoss Income Statement Analysis
Synchronoss Technologies Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Synchronoss Technologies shareholders. The income statement also shows Synchronoss investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Synchronoss Technologies Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Synchronoss Technologies generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Synchronoss Technologies minus its cost of goods sold. It is profit before Synchronoss Technologies operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Synchronoss Technologies. It is also known as Synchronoss Technologies overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Synchronoss Technologies' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Synchronoss Technologies current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synchronoss Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Synchronoss Stock, please use our How to Invest in Synchronoss Technologies guide.At this time, Synchronoss Technologies' Non Operating Income Net Other is relatively stable compared to the past year. As of 11/22/2024, Tax Provision is likely to grow to about 3 M, though Operating Income is likely to grow to (10.1 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 171.6M | 160.9M | 122.0M | 141.9M | Total Revenue | 280.6M | 252.6M | 164.2M | 247.8M |
Synchronoss Technologies income statement Correlations
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Synchronoss Technologies Account Relationship Matchups
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Synchronoss Technologies income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 84.1M | 43.7M | 34.8M | 14.8M | 16.8M | 16.0M | |
| Interest Expense | 1.4M | 476K | 6.4M | 13.6M | 14.0M | 14.7M | |
| Total Revenue | 308.7M | 291.7M | 280.6M | 252.6M | 164.2M | 247.8M | |
| Gross Profit | 158.3M | 169.9M | 171.6M | 160.9M | 122.0M | 141.9M | |
| Other Operating Expenses | 415.8M | 331.8M | 294.4M | 249.4M | 174.8M | 264.5M | |
| Operating Income | (107.0M) | (29.0M) | (18.7M) | 7.1M | (10.6M) | (10.1M) | |
| Ebit | (107.0M) | (37.0M) | (23.9M) | 6.9M | (15.3M) | (14.6M) | |
| Research Development | 75.6M | 77.0M | 64.3M | 55.6M | 46.6M | 50.8M | |
| Ebitda | (23.0M) | 6.7M | 10.9M | 21.6M | 1.5M | 1.4M | |
| Cost Of Revenue | 150.4M | 121.8M | 109.1M | 91.7M | 42.2M | 40.1M | |
| Total Operating Expenses | 265.4M | 210.0M | 185.4M | 157.7M | 132.6M | 153.9M | |
| Income Before Tax | (101.3M) | (37.5M) | (30.3M) | (5.9M) | (29.3M) | (30.8M) | |
| Total Other Income Expense Net | 5.7M | 10.7M | (11.6M) | (13.9M) | (18.7M) | (17.7M) | |
| Net Income | (103.5M) | (10.4M) | (23.1M) | (7.7M) | (54.5M) | (51.8M) | |
| Income Tax Expense | 2.2M | (27.1M) | (7.2M) | 1.9M | 4.7M | 5.0M | |
| Selling General Administrative | 112.8M | 89.3M | 85.0M | 70.3M | 82.3M | 71.5M | |
| Net Income Applicable To Common Shares | (136.7M) | (48.7M) | (58.5M) | (17.5M) | (15.7M) | (16.5M) | |
| Net Income From Continuing Ops | (103.5M) | (10.4M) | (23.1M) | (7.7M) | (35.8M) | (37.6M) | |
| Non Operating Income Net Other | 7.9M | 11.1M | (4.8M) | 6.5M | 5.8M | 6.1M | |
| Non Recurring | 755K | 8.0M | 5.2M | 1.9M | 1.7M | 1.6M | |
| Tax Provision | 2.2M | (27.1M) | (7.2M) | 1.9M | 2.9M | 3.0M | |
| Interest Income | 1.3M | 1.6M | 39K | 465K | 606K | 575.7K | |
| Minority Interest | 1.1M | 12.5M | (156K) | (200K) | 66K | 69.3K | |
| Net Interest Income | (97K) | 1.1M | (6.4M) | (13.2M) | (13.3M) | (14.0M) | |
| Reconciled Depreciation | 77.0M | 42.7M | 36.1M | 31.8M | 29.7M | 46.7M |
Pair Trading with Synchronoss Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Synchronoss Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Synchronoss Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Synchronoss Stock
| 0.85 | NN | Nextnav Acquisition Corp | PairCorr |
| 0.8 | S | SentinelOne | PairCorr |
| 0.77 | CETXP | Cemtrex Pref | PairCorr |
| 0.73 | DBX | Dropbox | PairCorr |
| 0.66 | DLO | Dlocal | PairCorr |
The ability to find closely correlated positions to Synchronoss Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synchronoss Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Synchronoss Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Synchronoss Technologies to buy it.
The correlation of Synchronoss Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Synchronoss Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Synchronoss Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Synchronoss Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Synchronoss Stock Analysis
When running Synchronoss Technologies' price analysis, check to measure Synchronoss Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Synchronoss Technologies is operating at the current time. Most of Synchronoss Technologies' value examination focuses on studying past and present price action to predict the probability of Synchronoss Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synchronoss Technologies' price. Additionally, you may evaluate how the addition of Synchronoss Technologies to your portfolios can decrease your overall portfolio volatility.