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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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)---- $SMSI #SaaS--Smith Micro Software, Inc. (Nasdaq: SMSI) (“Smith Micro” or the “Company”) today announced that they will be presenting and leading a roundtable discussion at the upcoming Mobile Carriers Show in Pittsburgh, Pennsylvania on May 2 through May 4, 2023. Smith Micro will highlight its unique approach to marketing, managing, and optimizing value-added services (VAS) solutions in the interactive session, “Maximizing Revenue and Customer Loyalty From Your Value-Added Servi.

Smith Micro to Speak at Mobile Carriers Show Presented by Competitive Carriers Association (CCA)

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PITTSBURGH--(BUSINESS WIRE)---- $SMSI #SaaS--Smith Micro Software, Inc. (Nasdaq: SMSI) (“Smith Micro” or the “Company”) today provided an update to its previously announced cost reduction initiatives. In furtherance of these initiatives, the Company earlier this month executed workforce reductions in the United States and Portugal and announced the further reduction of its global workforce in Serbia and Slovakia.

Smith Micro Executes Previously Announced Cost Reduction Plans

SMSI's cash position has become tenuous due to continuous delays by Tier 1 carriers to fully launch/market the company's family safety product. This led to a dilutive convertible debt financing that disappointed investors.

AT&T Promotion May Rescue Smith Micro

Smith Micro Software's (SMSI) fourth-quarter 2022 results reflect weakness in its Family Safety business.

Smith Micro Software (SMSI) Q4 Earnings in Line With Estimates

Smith Micro Software, Inc. (SMSI) delivered earnings and revenue surprises of 0% and 1.60%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Smith Micro Software, Inc. (SMSI) Reports Q4 Loss, Tops Revenue Estimates

Smith Micro Software, Inc. (NASDAQ:SMSI ) Q4 2022 Earnings Conference Call March 9, 2023 4:30 PM ET Company Participants Charles Messman - VP, IR & Corporate Development William Smith - Co-Founder, Chairman, President & CEO James Kempton - VP, CFO & Treasurer Conference Call Participants Scott Searle - ROTH MKM Partners Michael Nichols - B. Riley Securities James McIlree - Dawson James Securities Matthew Harrigan - The Benchmark Company Operator Good day, and welcome to the Smith Micro Fourth Quarter 2022 Earnings Conference Call.

Smith Micro Software, Inc. (SMSI) Q4 2022 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, 2022. “We made significant progress during 2022 toward the unification of our Digital Family Lifestyle business onto a single platform, resulting in a far superior, best-in-class solution,” said William W. Smith, Jr., President, CEO and Chairman of the Board of Smith Micro.

Smith Micro Reports Fourth Quarter and Fiscal Year 2022 Financial Results

Smith Micro Software, Inc. (SMSI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Smith Micro Software, Inc. (SMSI) Loses -56.36% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (NASDAQ: SMSI) today announced that it will report its fourth quarter and fiscal year 2022 financial results following the close of regular trading on Thursday, March 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.

Smith Micro Schedules Teleconference to Announce Fourth Quarter and Fiscal Year 2022 Financial Results

PITTSBURGH--(BUSINESS WIRE)---- $SMSI #SaaS--(NASDAQ: SMSI), Smith Micro Software Inc. (Smith Micro or the Company) today launched expanded data and analytics capabilities in its ViewSpot retail display and engagement platform that allow retailers to correlate user engagement with product sales.

Smith Micro Expands Data and Analytics Capabilities of ViewSpot® Retail Display Management Platform

With Verizon not signing a new contract the upside for Smith has decreased and the risks have increased, but it's not necessarily the end of the world. The other (better, as based on the new SP7.0 platform) contracts with TMUS and T are safe for years.

Setback At Smith Micro Software

Smith Micro Software, Inc. shares sell off after the company discloses a surprise contract termination by a leading U.S. wireless carrier, which I would assume to be Verizon. Annual revenue impact likely to be in the $15 million to $16 million range, with gross profit being reduced by an estimated $11 million.

Smith Micro: Stock Craters After Tier 1 Carrier Contract Termination - Sell

PITTSBURGH--(BUSINESS WIRE)---- $SMSI #SaaS--Smith Micro Software, Inc. (Nasdaq: SMSI) today announced that on February 21, 2023, the Company received written notice of contract termination from a U.S.-based Tier 1 carrier customer for the Company's family safety solution, effective June 30, 2023. At the customer's election, the Company remains obligated to deliver service under the agreement for a transition period of up to 180 days beyond June 30, 2023.

Smith Micro Today Announces Notice of Termination from Tier 1 Carrier for the Company's Family Safety Solution

PITTSBURGH--(BUSINESS WIRE)--(Nasdaq: SMSI), Smith Micro Software, Inc. will attend MWC Barcelona, organized by the GSMA and held February 27 through March 2, 2023 at the Fira Barcelona Gran Via in Barcelona, Spain. MWC is the telecommunications industry's largest and most influential event, bringing together senior executives and influencers from the top global companies in the telecommunications ecosystem.

Smith Micro to Attend MWC Barcelona Exploring and Accelerating New Growth Initiatives

PITTSBURGH--( BUSINESS WIRE )--(Nasdaq: SMSI), Smith Micro Software, Inc., today announced that the Company has entered into a new contract with a leading mobile network operator in the U.S. to continue to provide digital family safety solutions. The contract replaces the prior agreement that the two entities had in place with new, mutually agreed terms for Smith Micro's delivery of its market-leading digital family safety solution that includes parental controls and location services.

Smith Micro Executes New Digital Family Safety Contract with Tier 1 U.S. Mobile Network Operator

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PITTSBURGH--( BUSINESS WIRE )--Smith Micro Software, Inc. (the “Company” or Smith Micro”) (NASDAQ: SMSI) is commemorating 40 years in business as a leading developer of innovative software solutions. Also celebrating his 40th anniversary as President, CEO and Chairman of the Board of Smith Micro is William W. Smith Jr., who co-founded the Company on November 30, 1982 with the vision of filling the need for cutting edge telecommunications software solutions that could automate manual tasks and respond quickly to changes dictated by rapidly evolving technology, connectivity, and business automation.

Smith Micro Celebrates 40 Years of Delivering Software Solutions to the Telecommunications Industry

PITTSBURGH--( BUSINESS WIRE )--Smith Micro Software, Inc. (Nasdaq: SMSI) today announced it would be presenting at the Benchmark Company's 11th Annual Discovery One-on-One Investor Conference to be held Thursday, December 1, 2022, at the New York Athletic Club in New York City.

Smith Micro to Present at the Benchmark Company's Upcoming Discovery One-on-One Investor Conference

Smith Micro Software, Inc. (NASDAQ:SMSI ) Q3 2022 Results Conference Call November 9, 2022 4:30 PM ET Company Participants Charles Messman - VP, IR and Corporate Development Bill Smith - Chairman, President and CEO Jim Kempton - CFO Conference Call Participants Scott Searle - Roth Capital Josh Nichols - B. Riley Jim McIlree - Dawson James Operator Thank you for holding.

Smith Micro Software, Inc. (SMSI) Q3 2022 Earnings Call Transcript

Smith Micro Software, Inc. (SMSI) delivered earnings and revenue surprises of 0% and 1.90%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

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

PITTSBURGH--(BUSINESS WIRE)--In the Third Quarter Year-to-Date 2022 Financial Results section, the fifth paragraph, first sentence should read: Non-GAAP net loss for the nine months ended September 30, 2022 was $14.5 million, or $0.

CORRECTING and REPLACING Smith Micro Reports Third Quarter 2022 Financial Results

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, 2022.

Smith Micro Reports Third Quarter 2022 Financial Results

PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (NASDAQ: SMSI) today announced that it will report its third quarter 2022 financial results following the close of regular trading on Wednesday, November 9, 2022.

News for Smith Micro Software Stock (SMSI)