So far, Synchronoss Technologies'
In its third quarter, Synchronoss posted an 82% increase in revenue to $34.5 million, while operating income increased 125% to $10.3 million. Cash flow from operations was about $11 million; the company now has roughly $82.8 million in cash and cash equivalents.
Since roughly 78% of Synchronoss' revenue currently comes from AT&T
But perhaps the most important piece of news is that Synchronoss is close to signing a deal with a tier-1 mobile carrier, although the company did not provide a name. As the AT&T relationship shows, this could help continue Synchronoss's top-line momentum into 2008.
What's more, Synchronoss is moving its platform to the U.K., Germany, France, and Spain. I suspect that's mainly a move to handle Apple's international iPhone ambitions, which should be yet another growth booster. And with the holiday season coming up, iPhone sales will likely spike yet again.
Without a doubt, it's good to be Synchronoss. But its stock price has been quite volatile thus far, and there's no reason why that would change. After all, the company is in a dynamic space, and it's expanding its operations globally, which can be risky. If you're thinking of jumping into the fray, you might need to stomach some gyrations.
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