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Analyst Notes

Analysts regularly review the Synchronica stock, evaluate the company's strategy, and observe the telecom market as a whole. Here you find excerpts from what they say:

Equity Development

October 2011. - Philip Carse from Equity Development writes: "Synchronica's third quarter was the first to include the new Nokia Operator-branded messaging business (OBM) and associated professional services business acquired at the end of July, thus including two months of the new business. Revenues grew over eightfold to USD 6.97 million, with USD 4.68 million of revenues coming from the acquired businesses. Recurring revenues increased elevenfold over the same period." Read the report Download the PDF file

Northland Capital Partners

October 2011. - David Johnson from Northland Capital Partners: "Synchronica has announced a substantial restructuring and cost-saving exercise to bring the cost base into line with the recurring revenue base. It has also announced new short-term payment arrangements with its customers. […] Substantially reduced forecasts reflect the more conservative growth plan, a shift from the perpetual licencing of software to provision of software as a service. We reduce our price target to 20p (from 53p), but retain our buy rating." Read the report Download the PDF file



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