This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Synacor's CEO Discusses Q2 2012 Results - Earnings Call Transcript

This conference call is also being broadcast in the Internet and is available through the Investor Relations section of the Synacor website.

And now, I’ll turn the call over to Ron Frankel, Synacor’s President and CEO.

Ron Frankel

Thanks Denise and welcome to today’s conference call. I’m pleased to share our financial results and to provide an update on our business to our shareholders and the investment community.

Our second quarter revenue grew 58% to $30.8 million from $19.5 million in the same period last year. Adjusted EBITDA was $3.0 million for the quarter, an increase of over 100% compared to the adjusted EBITDA of $1.5 million in the second quarter of 2011.

The second quarter was the beginning of an exciting transitional period for Synacor. Regarding TV Everywhere we are very enthusiastic about our leadership position, as nearly 40 paid TV operators are utilizing our authentication technology, to enable over 25 million consumers access to NBC Universal's TV Everywhere offerings of the 2012 Summer Olympic games on multiple devices.

The authentication required by NBCU for the Olympics is a breakthrough for TV Everywhere. Its showcases the value consumers receive from their pay TV subscription and we at Synacor are delighted to play a significant leadership role. We expect our TV Everywhere offerings will contribute meaningfully to Synacor’s success over the next several years, as growing interest and usage of TV Everywhere will drive recurring fees and more traffic to the start pages we deliver for our customers.

We expect to roll out new start page and cloud based experiences in late 2012 and early 2013, based upon the technology we gain in the Carbyn acquisition earlier this year. These multi device products will incorporate TV Everywhere with a range of cloud-based services and exciting user experience and it will further extend our presence on multiple devices, including tablets, Smartphones and connect to televisions.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 -1.15%
FB $117.58 0.73%
GOOG $693.01 0.29%
TSLA $240.76 -2.81%
YHOO $36.60 0.03%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs