Synchronoss Technologies, Inc. (NASDAQ:SNCR) Q3 2023 Earnings Call Transcript

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And I wish them continued success as they move to the Lumine Group. Finally, I’d like to express my appreciation to the entire Synchronoss team, past and present. The commitment and dedication of our people is instrumental to our journey. And I’m grateful for all those who have contributed and continue to drive our progress. We are optimistic about the future that lies ahead for Synchronoss. While we’ve recently undergone significant changes and we’ll continue to shape the company for the future, we are more focused and determined than ever. We remain dedicated to delivering strong results and long-term value to our stockholders. Thank you for your continued confidence in our company. Together, we are poised for a prosperous and innovative future.

Thank you, operator, back to you.

Operator: Before we conclude today’s call, I would like to provide Synchronoss safe harbor statement that includes important cautions regarding forward-looking statements made during this call. During this call, management discussed certain factors that are likely to influence the company’s business going forward. Any factors that are discussed today that are not historical, particularly comments regarding our prospects and market opportunities, should be considered forward-looking statements within the meaning of applicable securities laws. These forward-looking statements include comments about the company’s plans and expectations of future performance. Forward-looking statements are subject to a number of risks and uncertainties, which could cause actual results to differ materially.

All listeners are encouraged to review the company’s SEC filings, including its most recent 10-K and 10-Q for a description of these risks. Statements made during this call are made as of today. And the company does not undertake any obligation to update or revise any such forward-looking statements, whether as a result of new information, future events, changes in expectations or otherwise. Please note also that throughout today’s call, management discussed certain non-GAAP financial matters such as adjusted EBITDA. Although the non-GAAP measures are derived from GAAP numbers, adjusted EBITDA does not necessarily equate to cash generated by operations as it does not account for such items as deferred revenue or the capitalization of software development.

Today’s earnings release describes the differences between the company’s non-GAAP and GAAP reporting and presents a reconciliation for the periods reported in the release. Thank you for joining us today for Synchronoss Technologies Third Quarter 2023 Earnings Conference Call. You may now disconnect.

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