Synchronoss Technologies, Inc. Receives Nasdaq Letter
The Company intends to regain compliance with Nasdaq’s filing requirements, and will file the Form 10-Q as soon as practicable.
The notification of noncompliance has no immediate effect on the listing or trading of Synchronoss’ common stock on the Nasdaq Global Select Market under the symbol “SNCR”.
This press release contains certain “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include, but are not limited to, plans,
objectives, expectations and intentions and other statements contained
in this press release that are not historical facts and statements
identified by words such as “expects,” “anticipates,” “intends,”
“plans,” “believes,” “seeks,” “estimates,” “outlook” or words of similar
meanings. These statements are based on our current expectations and
beliefs and various assumptions. There can be no assurance that we will
realize these expectations or that these beliefs will prove correct.
Examples of forward-looking statements include, but are not limited to,
statements we make regarding the timing of the filing of the Form 10-Q.
Numerous factors, many of which are beyond our control, could cause
actual results to differ materially from those expressed as
forward-looking statements. These factors include, but are not limited
to, risks associated with fluctuations in our financial and operating
results; integration of our Intralinks business and execution of our
cost reduction plan; our substantial level of debt and related
obligations, including interest payments, covenants and restrictions;
uncertainty regarding increased business and renewals from existing
customers; the dependence of our Intralinks business on the volume of
financial and strategic business transactions; disruptions to the
implementation of our strategic priorities and business plan caused by
changes in our senior management team; customer renewal rates and
attrition; customer concentration; our ability to maintain the security
and integrity of our systems; foreign currency exchange rates; the
financial and other impact of previous and future acquisitions;
competition in the enterprise and mobile solutions markets; our ability
to retain and motivate employees; technological developments; litigation
and disputes and the costs related thereto; unanticipated changes in our
effective tax rate; uncertainties surrounding domestic and global
economic conditions; other factors that are described in the “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” sections of the Company’s Annual
Report on Form 10-K for the year ended
Investor and Media:
Synchronoss Technologies, Inc.
Daniel Ives, +1 908-524-1047