Smith Micro Software

Smith Micro Software, Inc. engages in the provision of software solutions. It operates through Wireless segment. The Wireless segment refers to wireless internet solutions to access information and entertainment anytime and anywhere. Its products include SafePath Family, SafePath IoT, SafePath Home, CommSuite VVM, CommSuite VTT, and ViewSpot. The company was founded by William W. Smith Jr. on November 30, 1982 and is headquartered in Pittsburgh, PA.

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Smith Micro Software cuts costs, eyes profitability with Tier 1 growth

Smith Micro Software's Q4 2022 performance reflected revenue decline, but strategic expense reductions and focus on profitability signal a positive outlook. Challenges include meeting growth expectations and improving margins, while opportunities exist in customer expansion and product innovation.

Smith Micro Software (SMSI) reports stable Q1 revenue, focuses on cost savings and strategic partnerships

Smith Micro Software (SMSI) reported stable revenue but highlighted cost reduction initiatives and operational efficiencies to drive savings and improve financial performance.
The company's focus on partnerships with major telecom players and new sales activities signals growth opportunities amidst market challenges and competition.
While facing revenue declines and net losses, Smith Micro Software (SMSI) remains optimistic about its strategic initiatives, including the AT&T migration and ViewSpot business expansion.

Smith Micro Software reports Q2 revenue decline but improves margins

Smith Micro Software's Q2 2023 performance reflects revenue decline but improved gross margin and cost management.
The company is focused on profitability, with growth opportunities through key partnerships and operational efficiencies.
Challenges include revenue declines in specific segments and the need for clearer communication on key metrics.
Overall, Smith Micro Software aims for revenue growth, margin expansion, and cost optimization in the upcoming quarters.

Smith Micro Software (SMSI) reports resilient Q3 performance and growth plans

Smith Micro Software (SMSI) navigated challenges to achieve strong financial performance in Q3 2023.
The company's focus on family safety and innovation drives growth opportunities in the market.
Despite expected revenue declines in Q4, plans for 2024 signal a strategic focus on expansion and new product offerings.
CEO Bill Smith's emphasis on growth and gratitude for participation reflect a positive outlook for the company's future.

Smith Micro Software reports Q4 revenue decline, highlights growth initiatives

Smith Micro Software navigated challenges in 2023, focusing on innovation and growth opportunities. Despite revenue declines, the company showcased strengths in product launches and industry recognition. Efforts with key partners and plans for strategic flexibility position Smith Micro for future success.

Smith Micro Software aims for growth amidst revenue challenges

Smith Micro Software is focused on returning to growth and profitability, with key milestones achieved for revenue growth. The company faces challenges in decreasing financial metrics but has opportunities for revenue growth through new marketing programs and partnerships. Cost reduction actions and innovative product development are key strategies to achieve profitability and drive subscriber growth.

Smith Micro Software reports Q2 revenue decline, focuses on innovation

Smith Micro Software faced revenue challenges in Q2 2024 due to the conclusion of a major contract, but demonstrated effective cost management and innovation in product launches.
While revenue from certain segments declined, the company's focus on cost reduction and strategic partnerships provides a foundation for future growth and market expansion.
Addressing revenue declines and optimizing product performance will be key priorities to improve profitability and capitalize on emerging opportunities in the market.

Smith Micro Software reports Q3 challenges but eyes 2025 growth

Smith Micro Software is navigating challenges in returning to profitability amidst revenue declines.
Cost reduction efforts and strategic partnerships position the company for growth in 2025.
Focus on aligning with carriers' strengths and subscription models for revenue expansion.
Upcoming launches and agreements offer opportunities for revenue growth and market expansion.

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Smith Micro Software, Inc. engages in the provision of software solutions. It offers wireless internet solutions which enable access to information and entertainment. Its products include SafePath Family, SafePath IoT, SafePath Home, CommSuite VVM, CommSuite VTT, and ViewSpot. The company was founded by William W. Smith Jr. on November 30, 1982 and is headquartered in Pittsburgh, PA.

PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (Nasdaq: SMSI) announces that its white-label SafePath® digital parenting solution is powering the new and groundbreaking TúYo children's mobile plan launched by Orange Spain (MASORANGE Group) earlier today. Based on Smith Micro's flagship SafePath Digital Family Lifestyle™ solution, the new TúYo service is the world's first mobile tariff with built-in protections designed specifically for the development of healthy and responsible digital.

Smith Micro Deploys SafePath® Solution in Spain, Powering the Newly Launched Orange Spain TúYo Children's Mobile Plan

SMSI's Q3 revenues are affected by continued downtrends across various revenue segments.

Smith Micro Q3 Loss Narrower Than Expected, Revenues Lag

Smith Micro Software, Inc. (NASDAQ:SMSI ) Q3 2024 Earnings Conference Call November 13, 2024 4:30 PM ET Company Participants Charles Messman - Vice President, Marketing Bill Smith - Chairman, President, and Chief Executive Officer Jim Kempton - Chief Financial Officer Conference Call Participants Scott Searle - Roth Capital Partners Leo Carpio - Joseph Gunnar Matthew Harrigan - Benchmark Brian Swift - Security Research Associates Operator Good day and welcome to the Smith Micro Software's Financial Results for the Third Quarter ended September 30, 2024. All participants will be in listen-only mode.

Smith Micro Software, Inc. (SMSI) Q3 2024 Earnings Call Transcript

Smith Micro Software, Inc. (SMSI) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to earnings of $0.08 per share a year ago.

Smith Micro Software, Inc. (SMSI) Reports Q3 Loss, Lags Revenue Estimates

PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (Nasdaq: SMSI) (“Smith Micro” or the “Company”) today reported financial results for its third quarter ended September 30, 2024. “We believe that the actions that we've taken to rationalize our costs over the past several months, coupled with the expansion of our revenue opportunities, have positioned us for a return to profitability on a non-GAAP basis and free cash flow during 2025,” said William W. Smith Jr., president, chief executive.

Smith Micro Reports Third Quarter 2024 Financial Results

PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (NASDAQ: SMSI) today announced that it will report its third quarter 2024 results following the close of regular trading on Wednesday, November 13, 2024. The news release will be followed by a teleconference available to all interested parties at 4:30 pm ET / 1:30 pm PT. The Smith Micro third quarter conference call may be accessed as follows: Date and Time: Wednesday, November 13 at 4:30 pm ET / 1:30 pm PT. News Release: Available in Smit.

Smith Micro Schedules Teleconference to Announce Third Quarter 2024 Financial Results

PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (the “Company” or “Smith Micro”) (NASDAQ: SMSI) today announced the completion of investments in Company securities in two offerings: a registered offering with certain institutional and accredited investors and an unregistered offering with the Company's chief executive officer. Both offerings were priced based on the market value of the offered securities as of the time of signing the purchase agreements, and the gross proceeds of the tw.

Smith Micro Completes Concurrent Equity Offerings Raising $6.9 Million

PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc.(the “Company” or “Smith Micro”) (NASDAQ: SMSI) today announced that it has entered into definitive agreements with respect to two separate offerings; a registered offering with certain institutional and accredited investors, and an unregistered offering with the Company's chief executive officer. Both offerings have been priced based on the market value of the offered securities as of the time of signing the purchase agreements. The aggreg.

Smith Micro Founder and CEO Bill Smith to Invest $3.0 Million in Financing

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PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (Nasdaq: SMSI) announced that it has signed a marketing engagement agreement with Competitive Carriers Association (CCA). Smith Micro and CCA will partner to market Smith Micro's SafePath Global™ family safety solution to CCA's carrier members under a single branded application. This partnership will enable CCA carrier members of any size to offer this valuable solution to their subscribers under the rapid go-to-market model that SafePath.

Smith Micro Announces Entry into a Marketing Engagement Agreement with Competitive Carriers Association for SafePath Global™

Smith Micro Software (SMSI) loss widens year over year due to continued downtrends across various revenue segments.

Smith Micro's (SMSI) Q2 Earnings Lag, Revenues Fall Y/Y

Smith Micro Software, Inc. (NASDAQ:SMSI ) Q2 2024 Earnings Conference Call August 1, 2024 4:30 PM ET Company Participants Charles Messman - VP of Marketing Bill Smith - Chairman of the Board, President & CEO Jim Kempton - CFO Conference Call Participants Scott Searle - Roth Capital Partners Matthew Harrigan - The Benchmark Company Leo Carpio - Joseph Gunnar Brian Swift - Security Research Operator Good day and welcome to the Smith Micro Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Smith Micro Software, Inc. (SMSI) Q2 2024 Earnings Call Transcript

Smith Micro Software, Inc. (SMSI) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.35. This compares to loss of $0.08 per share a year ago.

Smith Micro Software, Inc. (SMSI) Reports Q2 Loss, Misses Revenue Estimates

PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (Nasdaq: SMSI) (“Smith Micro” or the “Company”) today reported financial results for its second quarter ended June 30, 2024. “With the commercial launch of Boost Family Guard during the second quarter, our continued progress towards the upcoming launch of a SafePath®-based Family Safety solution with a tier one carrier in Europe, and our cost reduction initiatives, we believe we are making progress toward a return to growth, profitability.

Smith Micro Reports Second Quarter 2024 Financial Results

PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (NASDAQ: SMSI) today announced that it will report its second quarter 2024 results following the close of regular trading on Thursday, August 1, 2024. The news release will be followed by a teleconference available to all interested parties at 4:30 pm ET / 1:30 pm PT. The Smith Micro second quarter conference call may be accessed as follows: Date and Time: Thursday, August 1 at 4:30 pm ET / 1:30 pm PT. News Release: Available in Smith Micr.

Smith Micro Schedules Teleconference to Announce Second Quarter 2024 Financial Results

PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (the “Company” or “Smith Micro”) (NASDAQ: SMSI), a software development company that sells proven solutions to wireless service providers, today announced the closing of its offering of 1,910,000 shares of its common stock or common stock equivalents in lieu thereof (together with accompanying warrants) at a price of $2.15 per share to certain institutional and accredited investors pursuant to a definitive agreement with the investors. The.

Smith Micro Announces Closing of Follow-on Offering

In order to drive the adoption of the SafePath platform, Smith Micro Software (SMSI) introduces two marketing programs.

Smith Micro (SMSI) Unveils Marketing Programs for SafePath

PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (the “Company” or “Smith Micro”) (NASDAQ: SMSI), a software development company that sells proven solutions to wireless service providers, today announced that it has entered into a definitive agreement with an investor for the issuance of an aggregate of 1,910,000 shares of its common stock or common stock equivalents in lieu thereof (together with an accompanying warrant) at a price of $2.15 per share, or common stock equivalent thereof.

Smith Micro Announces Follow-on Offering

Smith Micro Software (SMSI) delivers soft Q1 2024 performance owing to weakness across multiple revenue segments.

Smith Micro's (SMSI) Q1 Earnings Miss, Revenues Down Y/Y

Smith Micro Software, Inc. (NASDAQ:SMSI ) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Charles Messman - Vice President of Marketing Bill Smith - Chairman of the Board, President & Chief Executive Officer Jim Kempton - Chief Financial Officer Conference Call Participants Operator Good day, and welcome to the Smith Micro First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Smith Micro Software, Inc. (SMSI) Q1 2024 Earnings Call Transcript

PITTSBURGH--(BUSINESS WIRE)---- $SMSI #SaaS--Smith Micro Software, Inc. (Nasdaq: SMSI) (“Smith Micro” or the “Company”) today reported financial results for its first quarter ended March 31, 2024. “In the first quarter, we have made progress in several key areas that we believe position us for growth in the back half of this fiscal year,” said William W. Smith, Jr., president, chief executive officer, and chairman of the board of Smith Micro. “We are pleased to announce that in the near term, we plan to launch.

Smith Micro Reports First Quarter 2024 Financial Results

PITTSBURGH--(BUSINESS WIRE)---- $SMSI #SaaS--Smith Micro Software, Inc. (Nasdaq: SMSI) today announced two new marketing programs to help drive subscriber growth of mobile operators' SafePath-based solutions. The Company has launched its affiliate/influencer program, which will leverage affiliate and influencer marketing to reach consumers, spread awareness of the value of these solutions for families, and drive subscriber growth. In addition, the Company will soon launch a new retail store ambassador marketin.

Smith Micro Introduces New Affiliate Influencer and Retail Ambassador Marketing Programs for Promotion of its SafePath®-Based Solutions

PITTSBURGH--(BUSINESS WIRE)---- $SMSI #SaaS--Smith Micro Software, Inc. (NASDAQ: SMSI) today announced that it will report its first quarter 2024 results following the close of regular trading on Wednesday, May 8, 2024. The news release will be followed by a teleconference available to all interested parties at 4:30 pm ET / 1:30 pm PT. The Smith Micro first quarter conference call may be accessed as follows: Date and Time: Wednesday, May 8 at 4:30 pm ET / 1:30 pm PT.   News Release: Available in Smith Micro's.

Smith Micro Schedules Teleconference to Announce First Quarter 2024 Financial Results

PITTSBURGH, Pa.--(BUSINESS WIRE)--Smith Micro Software, Inc. (Nasdaq: SMSI) (“Smith Micro” or the “Company”), announced today that it has received notice from The Nasdaq Stock Market informing the Company that, after having a closing bid price at or greater than $1.00 per share for 12 consecutive business days from April 11, 2024 to April 26, 2024, the Company has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq.

Smith Micro Regains Compliance with Nasdaq Minimum Bid Price Requirement

Smith Micro Software's (SMSI) SafePath Global allows carriers to offer all the capabilities of the SafePath application swiftly to its customers.

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