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Synacor shares fall as losses narrow

Synacor’s stock fell by 7 percent on Thursday morning after the Buffalo-based Internet content provider said it lost $400,000 during the fourth quarter.

The loss, which equaled 1 cent per share, was an improvement over the company’s loss of $6.4 million, or 12 cents per share, a year ago.

Synacor’s revenues rose by 5 percent to $32.4 million from $30.9 million as recurring and fee-based revenues more than doubled, while its advertising and search revenues fell by 22 percent.

Synacor said it expects its revenues this year to rise by about 15 percent to between $125 million and $130 million, compared with $110 million last year. It said it expects its operating cash flow to range between $4 million and $6 million, down from $7.6 million last year.

Synacor’s shares fell by 13 cents to $1.73 in late morning trading.