SYNC announced Q3 2015 earnings after the close last night. Revenues were $26.3 million flat with $26.2 million last year. GAAP Net loss was $.03 per share compared to a $.09 loss last year. Adjusted EBITDA was a positive $1.9 million compared to positive adjusted EBITDA of $.063 million last year.

Our valuation rose to $5.20 from our pro-forma valuation of $5.06 last quarter. Cash was $.29 per share.

While cash was used to buy Zimbra, it only contributed to the quarterly results for less than a month.

This is a BUY.

Guidance for next quarter is promising-from their press release:

Based on information available as of November 11, 2015, the company is providing financial guidance for the fourth quarter and fiscal 2015 as follows:

• Q4 2015 Guidance: Revenue for the fourth quarter of 2015 is projected to be in the range of $29.0 million to $31.0 million. The company expects to report adjusted EBITDA of $0.8 million to $1.8 million.
• Fiscal 2015 Guidance: Revenue for the full year of 2015 is projected to be in the range of $107.0 million to $109.0 million. For the full year of 2015, the company expects to report adjusted EBITDA of $5.5 million to $6.5 million.

http://finance.yahoo.com/news/synacor-beats-quarterly-revenue-adjusted-210607500.html