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Synchronoss

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FY2024 Annual Report · Synchronoss
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ANNUAL REPORT
20 
24

Fellow Shareholders,
2024 was a year of milestones for Synchronoss, marking our first full year as a dedicated cloud solutions provider. As a more 
agile organization, our global team remained relentlessly committed to enhanced operational efficiency and transformative 
progress across the business. 
We strengthened our financial foundation, achieving full year revenue of $173.6 million, representing growth of 5.7% year-
over year and adjusted EBITDA of $50.4, a year-over-year increase of 61%. 1
Expanding the capabilities of our cloud solutions, we integrated advanced technology and harnessed Artificial Intelligence 
to transform how users interact with and preserve their digital memories. Utilizing generative AI, we intelligently tagged, 
ssecurity and usability, empowering users to manage and personalize their digital memories with confidence. By integrating 
these cutting-edge innovations, we enhanced the user experience and created new opportunities for our telecom partners—
reducing churn, increasing engagement, and unlocking new revenue streams.
Our platform’s evolution fueled expansion, enabling Synchronoss to strengthen existing partnerships and grow our subscrib-
er base by 6% year-over-year, surpassing 11 million total subscribers. These advancements reinforced our recurring revenue 
base and further solidified the critical role our cloud solutions played in our partners' digital ecosystems.
Our ability to grow and innovate was driven by the people behind our technology. Their dedication and expertise pro-
pelled Synchronoss’ commitment to delivering cutting-edge solutions that empower our customers. Our talented and 
forward-thinking team developed technologies that many of the world’s largest telecom operators rely on to safeguard 
subscribers’ digital lives—protecting photos, videos, files, and other irreplaceable memories while enabling digital transfor-
mation at scale.
Looking ahead, we remain focused on expanding subscriber adoption and engagement, increasing our customer base, and 
tapping into new avenues for growth. As data consumption accelerates, the need for secure, seamless, and scalable digital 
storage continues to rise, creating significant potential for cloud expansion. Our 2025 strategy centers on strengthening 
our position as a global cloud solutions provider. With a relentless commitment to innovation, we are poised to expand the 
impact of cloud technology and create lasting value for our customers, partners, and shareholders. 
The year ahead holds immense promise, and we look forward to igniting new opportunities.
Sincerely,
Jeff 
dsdfsafdsa"
2024 was a year of focus and momentum.  
We advanced our platform, unlocked new 
value with AI, and positioned Synchronoss  
to lead in the next wave of cloud innovation.
Jeff Miller 
President and CEO, Synchronoss
1 2024 Adjusted EBITDA of $50.4M is calculated as follows: Net income of $4.6 million; plus: Stock-based compensation $6.4 million, Restructuring, 
transition and cease-use lease expense $4.9 million, Sublease receivable impairment $0.8 million, Depreciation and amortization $17.1 million, Interest 
expense $18.0 million and Provision for income taxes $7.6 million; less: Change in contingent consideration ($0.1) million, Litigation expense ($0.4) mil-
lion, Interest income ($0.8) million, Other expense ($9.3) million and Preferred stock dividend, net of gain on repurchase of preferred stock ($1.6) million.

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Board of Directors
Stephen G. Waldis 4 
Founder & Chair 
Synchronoss Technologies, Inc.
Jeff Miller 4         
President & Chief Executive Officer 
Synchronoss Technologies, Inc.
Laurie L. Harris 1,3 
Retired, Partner PwC
Martin Bernstein1,2,4 
Managing Partner, 
Amber Hill Capital
Kevin M. Rendino 1,4 
Chairman, Chief Executive Officer,  
& Portfolio Manager 
180 Degree Capital
Mohan Gyani 2,4 
Retired, President & CEO  
AT&T Wireless Mobility Services
Kristin S. Rinne 1,2,3 
Retired, SVP Network  
& Product Planning,  
AT&T
1 Audit Committee
2 Compensation Committee
3  Nominating / Corporate Guidance Committee
4 Business Development Committee
For address changes, consolidation,  
lost or replacement certificates, contact:
Transfer Agent and Registrar 
Equiniti
6201 15th Avenue 
Brooklyn, NY, 11219 
800.937.5449
Outside of the US +01.718.921.8200 x 4801
Common Stock
Synchronoss Technologies, Inc. is listed on  
NASDAQ under the ticker symbol “SNCR”
Virtual Annual Meeting
June 10, 2025 at 11am and the link is 
www.virtualshareholdermeeting.com/SNCR2025
Auditors 
Ernst & Young LLP  
Iselin, NJ 08830
Investor Relations
Ryan Gardella 
ICR Technology 
investor@synchronoss.com 
Management
Jeff Miller  
President & Chief Executive Officer
Lou Ferraro 
Chief Financial Officer
Christina Gabrys 
Chief Legal Officer 
Patrick Doran 
Chief Technology Officer
Mina Lackner 
Chief Human Resources Officer
Additional copies of the Company's Annual Report on Form 10-K (without exhibits) are available from the Company at no charge. Requests 
should be directed to Synchronoss Technologies, Inc., 200 Crossing Blvd. 8th Floor, Bridgewater, NJ 08807, Attention: Secretary. This Annual 
Report to Stockholders contains forward-looking statements. For this purpose, any statements contained herein that are not statements of 
historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, the words "believes," "anticipates," "plans," 
"expects," "could," "should," "would," "forecasts," "projects," and similar words or expressions are intended to identify forward-looking 
statements. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated 
by such forward-looking statements. These factors include, without limitation, those set forth herein under the caption "Risk Factors" and 
"Management's Discussion and Analysis of Financial Condition and Results of Operations."
Synchronoss Technologies, Inc. © 2025. All Rights Reserved. Synchronoss Technologies, the Synchronoss Technologies logo, and Synchronoss 
Personal Cloud are trademarks of Synchronoss Technologies, Inc. and its subsidiaries. All other product and service marks contained herein 
are the trademarks of their respective owners.
FORM 10-K

Headquarters
Synchronoss Technologies  
200 Crossing Blvd, 8th floor 
Bridgewater, NJ 08807 
 
Key International Locations
Synchronoss Technologies 
The Academy  
42 Pearse Street, 1st floor 
Dublin 2, Ireland 
Synchronoss Technologies 
Subramayna No 12 Bannerghatta Road 
Bangalore, India 560076