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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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)---- $SMSI #SaaS--Smith Micro Software, Inc. (Nasdaq: SMSI) (“Smith Micro” or the “Company”), announced today that the Company's Board of Directors has approved a 1-for-8 reverse split of the Company's Common Stock, par value $0.001 per share (the “Common Stock”) (the “Reverse Split”). The Reverse Split was approved by the Company's stockholders at a special meeting held on April 3, 2024. The Reverse Split will legally take effect at 11:59 p.m. Eastern Time, on April 10, 2024. The Co.

Smith Micro Announces 1-for-8 Reverse Stock Split

PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (Nasdaq: SMSI) announced that it has a signed a new agreement with a U.S.-based mobile operator for deployment of the SafePath® solution to its subscribers. “We are pleased to announce a new customer for our SafePath platform, who will be the first to launch SafePath Global™,” said William W. Smith, Jr., president, CEO, and chairman of the board of Smith Micro. “Our new SafePath Global deployment model allows for a significant acceleration.

Smith Micro Announces New Agreement with a Mobile Operator in the US for Deployment of Its SafePath Platform

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Smith Micro Software, Inc. (SMSI) Q4 2023 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 fourth quarter and fiscal year ended December 31, 2023. “Looking back at 2023, we faced some challenges and implemented decisive changes to build a new path forward for the Company,” said William W. Smith, Jr., president, chief executive officer, and chairman of the board of Smith Micro. “I believe we are well positioned to capitalize on what is happen.

Smith Micro Reports Fourth Quarter and Fiscal Year 2023 Financial Results

PITTSBURGH--(BUSINESS WIRE)---- $SMSI #SaaS--Smith Micro Software, Inc. (Nasdaq: SMSI) today introduced SafePath OS™, a new family safety solution to be built on the Android operating system, which focuses on digital safety for children and families while providing mobile network operators (MNOs) another way to offer a kids phone to their subscribers. The solution is expected to be available in the second half of this year and will serve as another means for MNOs to support their family subscribers in the rapi.

Smith Micro Announces New SafePath OS™ Solution Expanding its Focus on Family Safety

PITTSBURGH--(BUSINESS WIRE)---- $SMSI #SaaS--Smith Micro Software, Inc. (NASDAQ: SMSI) today announced that it will report its fourth quarter 2023 and fiscal year 2023 financial results following the close of regular trading on Thursday, February 22, 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 fourth quarter conference call may be accessed as follows: Date and Time: Thursday, February 22, 2024, at 4:30 pm ET / 1:30.

Smith Micro Schedules Teleconference to Announce Fourth Quarter and Fiscal Year 2023 Financial Results

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PITTSBURGH--(BUSINESS WIRE)---- $SMSI #SaaS--Smith Micro Software, Inc. (Nasdaq: SMSI) announced that the senior secured convertible notes that it issued in August of 2022 to certain accredited investors have been retired at maturity in accordance with their terms. “Retiring the convertible notes is a significant step for the company as we enter 2024,” said William W. Smith Jr., president, chief executive officer, and chairman of the board of Smith Micro. “The net proceeds from the notes helped to fund our mig.

Smith Micro Retires Senior Secured Convertible Notes

PITTSBURGH--(BUSINESS WIRE)---- $SMSI #SaaS--Smith Micro Software, Inc. (Nasdaq: SMSI) announces that it has signed a multi-year agreement to provide its flagship SafePath® Digital Family Lifestyle™ solution to a major Tier 1 mobile network operator (MNO) in Europe. “Parents across Europe and around the world are grappling with the challenges of monitoring their children's location and safety, in both the physical and digital worlds, now more than ever,” said Jonas Jacobsson, vice president sales EMEA for Smit.

Leading Tier 1 European Mobile Operator Signs New SafePath® Multiyear Contract with Smith Micro

Smith Micro Software, Inc. (NASDAQ:SMSI ) Q3 2023 Earnings Conference Call November 8, 2023 4:30 PM ET Company Participants Charles Messman - Vice President of Investor Relations and Corporate Development Bill Smith - Chairman, President, Chief Executive Officer Jim Kempton - Chief Financial Officer Conference Call Participants Scott Searle - ROTH Capital Josh Nichols - B. Riley FBR James McIlree - Dawson James Matthew Harrigan - Benchmark Operator Good day, and welcome to the Smith Micro Third Quarter 2023 Earnings Conference Call.

Smith Micro Software, Inc. (SMSI) Q3 2023 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 third quarter ended September 30, 2023. “Launching our flagship SafePath® platform at another Tier 1 carrier during the third quarter was a prerequisite to drive both marketing investment and anticipated revenue growth with this customer," said William W. Smith, Jr., president, chief executive officer, and chairman of the board of Smith Micro. “In toda.

Smith Micro Reports Third Quarter and Year-to-Date 2023 Financial Results

PITTSBURGH--(BUSINESS WIRE)---- $SMSI #SaaS--Smith Micro Software, Inc. (Nasdaq: SMSI), a leading provider of innovative, white-labeled Family Digital Lifestyle™ solutions featuring location-based services and parental controls, today announced a series of new enhancements to its flagship SafePath® platform planned for release in 2024. These upgrades will provide mobile network operators (MNO) with a robust and valuable set of tools, along with a go-to-market strategy for rapid deployment and launch, to help p.

Smith Micro Announces New Enhanced Solutions to SafePath® Platform for 2024

PITTSBURGH--(BUSINESS WIRE)---- $SMSI #SaaS--Smith Micro Software, Inc. (NASDAQ: SMSI) today announced that it will report its third quarter and year-to-date 2023 financial results following the close of regular trading on Wednesday, November 8, 2023. 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 8, 2023, at 4:30 pm ET / 1:30 pm PT.

Smith Micro Schedules Teleconference to Announce Third Quarter and Year-to-Date 2023 Financial Results

PITTSBURGH--(BUSINESS WIRE)---- $SMSI #SaaS--Smith Micro Software, Inc. (NASDAQ: SMSI) (Smith Micro) today announced that a major U.S. carrier has launched an upgraded version of its family safety application, which now leverages Smith Micro's flagship SafePath Digital Family Lifestyle™ platform. The launch is a culmination of months of work to deliver all of the app's functionality via the SafePath platform, paving the way for a unified app experience for consumers, while offering best-in-class digital family.

U.S. Tier 1 Carrier Launches Upgraded Family Security Application Powered by Smith Micro's SafePath® Platform

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SMSI expects the launch of its SafePath 7 platform with AT&T to be successful behind a robust marketing campaign. SMSI is seeing interest in its ViewSpot platform and a potential new customer for its CommSuite product, which could lead to additional revenue streams. Gross margins are expanding and OpEx is remaining steady to slightly decreasing, which will help to grow EPS and cash generation.

Smith Micro: The Stars May Be Aligning

Smith Micro Software, Inc. (NASDAQ:SMSI ) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Bill Smith - Chairman, President, Chief Executive Officer Jim Kempton - Chief Financial Officer Charles Messman - Vice President of Marketing Conference Call Participants Scott Searle - ROTH MKM Josh Nichols - B. Riley FBR Jim McIlree - Dawson James Operator Good day, and welcome to the Smith Micro Second Quarter 2023 Earnings Conference Call.

Smith Micro Software, Inc. (SMSI) Q2 2023 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 second quarter ended June 30, 2023. “The Company achieved a number of significant targets across multiple fronts during the second quarter of 2023,” said William W. Smith, Jr., president, chief executive officer, and chairman of the board of Smith Micro. “Notably, we have now completed our development efforts to merge the code from our various acquisit.

Smith Micro Reports Second Quarter and Year-to-Date 2023 Financial Results

PITTSBURGH--(BUSINESS WIRE)---- $SMSI #SaaS--Smith Micro Software, Inc. (NASDAQ: SMSI) today announced that it will report its second quarter and year-to-date 2023 financial results following the close of regular trading on Wednesday, August 9, 2023. 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: Wednesday, August 9, 2023, at 4:30 pm ET / 1:30 pm PT.  .

Smith Micro Schedules Teleconference to Announce Second Quarter and Year-to-Date 2023 Financial Results

AT&T

Smith Micro Software, Inc. reported Q1/2023 results largely in line with muted expectations but forecasted a return to profitability in Q3 following the completion of recent cost savings initiatives. Management expects AT&T to launch a new version of the company's family safety software in the third quarter. In addition, the company anticipates signing new customers for its ViewSpot product in the very near future.

Smith Micro Software: Upgrading On Improved Cost Structure And Potential Near-Term Launch With AT&T

Smith Micro Software, Inc. (SMSI) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.08 per share a year ago.

Smith Micro Software, Inc. (SMSI) Reports Q1 Loss, Tops Revenue Estimates

Smith Micro Software, Inc. (NASDAQ:SMSI ) Q1 2023 Earnings Conference Call May 11, 2023 4:30 PM ET Company Participants Charles Messman - Vice President, Investor Relations, and Corporate Development Bill Smith - Chairman, President, and Chief Executive Officer Jim Kempton - Chief Financial Officer Conference Call Participants Scott Searle - ROTH MKM Griffin Boss - B. Riley James McIlree - Dawson James Matthew Harrigan - Benchmark Operator Good day, and welcome to the Smith Micro First Quarter 2023 Earnings Conference Call.

Smith Micro Software, Inc. (SMSI) Q1 2023 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, 2023. “We accomplished several key initiatives during our first quarter of 2023,” said William W. Smith Jr., president, chief executive officer and chairman of the board of Smith Micro. “Most significantly, we took the necessary steps in reallocating resources to better streamline operations across the entire organization.

Smith Micro Reports First Quarter 2023 Financial Results

PITTSBURGH--(BUSINESS WIRE)---- $SMSI #SaaS--Smith Micro Software, Inc. (NASDAQ: SMSI) today announced that it will report its first quarter 2023 financial results following the close of regular trading on Thursday, May 11, 2023. 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: Thursday, May 11, 2023 at 4:30 pm ET / 1:30 pm PT.     News Release: Available.

News for Smith Micro Software Stock (SMSI)