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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net revenues $ 43,458 $ 41,019 $ 86,423 $ 83,004
Costs and expenses:        
Cost of revenues [1] 10,401 11,488 20,624 22,448
Research and development 11,896 13,274 22,227 26,018
Selling, general and administrative 12,788 17,256 26,045 33,222
Restructuring charges 48 21 267 363
Depreciation and amortization 4,028 4,064 8,387 7,996
Total costs and expenses 39,161 46,103 77,550 90,047
Income (loss) from operations 4,297 (5,084) 8,873 (7,043)
Interest income 183 127 391 221
Interest expense (3,486) (3,461) (7,003) (6,915)
Other income (expense), net 1,220 (268) 5,031 (3,243)
Income (loss) from continuing operations, before taxes 2,214 (8,686) 7,292 (16,980)
Provision for income taxes (2,708) (532) (3,311) (827)
Net (loss) income from continuing operations (494) (9,218) 3,981 (17,807)
Discontinued operations (Note 4):        
Income (loss) from discontinued operations, before taxes 0 951 0 (627)
Provision for income taxes 0 (251) 0 (1,015)
Net income (loss) from discontinued operations 0 700 0 (1,642)
Net (loss) income: (494) (8,518) 3,981 (19,449)
Net income attributable to redeemable non-controlling interests 5 14 0 28
Preferred stock dividend and gain on repurchase of preferred stock 567 (2,475) (1,562) (4,949)
Net income (loss) attributable to Synchronoss $ 78 $ (10,979) $ 2,419 $ (24,370)
Basic:        
Net income (loss) from continuing operations (in dollars per share) $ 0.01 $ (1.21) $ 0.24 $ (2.35)
Net loss from discontinued operations (in dollars per share) 0 0.08 0 (0.17)
Basic (in dollars per share) 0.01 (1.13) 0.24 (2.52)
Diluted:        
Net income (loss) from continuing operations (in dollars per share) 0.01 (1.21) 0.24 (2.35)
Net income (loss) from continuing operations (in dollars per share) 0 0.08 0 (0.17)
Diluted (in dollars per share) $ 0.01 $ (1.13) $ 0.24 $ (2.52)
Weighted-average common shares outstanding:        
Basic (in shares) 10,042 9,685 9,942 9,669
Diluted (in shares) 10,424 9,685 10,265 9,669
[1] Cost of revenues excludes depreciation and amortization which are shown separately.