SNCR · CIK 1131554
What Synchronoss Technologies, Inc. told the SEC could break it.
2 self-disclosed vulnerabilities, pulled from its own filings — each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far — we surface every cited disclosure we’ve extracted for SNCR. More may follow as additional filings are processed.
In its own words
What could break it.
Customer concentration
- top 5 customers = 97.6% of revenue; Verizon and AT&T each >10%high
Synchronoss has extreme customer concentration — its top five customers were 97.6% of 2024 net revenues, with both Verizon and AT&T individually exceeding 10%; loss of any major carrier contract would be severely damaging.
“The Company's top five customers accounted for 97.6%, 96.6% and 94.6% of net revenues for the years ended December 31, 2024, 2023 and 2022, respectively.”
SEC filing →As of 2025
Liquidity & debt
- Senior Notes and Credit Agreement secured by substantially all assets, with covenantsmedium
Synchronoss's Credit Agreement (plus Senior Notes and a receivables facility) is secured by substantially all of its assets and carries covenants restricting additional debt, dividends and other actions, limiting its financial flexibility.
“Our obligations under the Credit Agreement are secured by substantially all of our assets (other than existing real property).”
SEC filing →As of 2025
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings — including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its customers
“Of these customers, Verizon accounted for more than 10% of the Company's revenues in 2024, 2023, and 2022; and AT&T accounted for more than 10%”
Cited →SoftBank
“Our customers include global service providers such as AT&T, Verizon, and Softbank.”
Cited →“Of these customers, Verizon accounted for more than 10% of the Company's revenues in 2024, 2023, and 2022; and AT&T accounted for more than 10%”
Cited →
In the MyPRIA app, this is checked against the companies you actually own.
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