Welcome to our dedicated page for Smith Micro Software news (Ticker: SMSI), a resource for investors and traders seeking the latest updates and insights on Smith Micro Software stock.
Smith Micro Software Inc (NASDAQ: SMSI) delivers innovative wireless connectivity solutions and creative graphics software for global enterprises. This dedicated news hub provides investors and industry professionals with centralized access to official announcements, financial disclosures, and strategic developments.
Monitor critical updates including product launches, partnership agreements, and technology innovations across both core business segments. The repository covers wireless network optimization advancements for carriers/OEMs alongside graphics software enhancements supporting digital content production.
Key resources include earnings reports, executive leadership updates, and operational milestones that demonstrate SMSI's impact on mobile communications and creative industries. All content is sourced from verified corporate communications to ensure reliability.
Bookmark this page for streamlined tracking of SMSI's progress in developing analytics-driven wireless solutions and professional-grade design tools. Regular updates provide insights into market positioning and technological differentiation within competitive software sectors.
Smith Micro Software (NASDAQ: SMSI) reported its Q4 and fiscal year 2024 financial results, marking a challenging period with significant revenue decline. Q4 revenue dropped to $5.0 million from $8.6 million in Q4 2023, while full-year revenue decreased to $20.6 million from $40.9 million in 2023.
The company reported Q4 GAAP net loss of $4.4 million ($0.25 loss per share) compared to $6.7 million loss in Q4 2023. Full-year GAAP net loss widened to $48.7 million ($3.94 loss per share) from $24.4 million in 2023. Gross profit margins were 75.6% in Q4 2024.
The company highlighted its transformation through 2024, focusing on SafePath platform innovations. Notable developments include the launch of SafePath OS and SafePath Kids, with successful deployment of SafePath Kids with Orange Spain's TúYo solution. Cash and equivalents stood at $2.8 million as of December 31, 2024.
Smith Micro Software (NASDAQ: SMSI) has scheduled its fourth quarter and fiscal year 2024 financial results announcement for Tuesday, March 11, 2025, after regular trading hours. The company will host a teleconference at 4:30 pm ET / 1:30 pm PT to discuss the results.
Interested parties can access the conference call by dialing 1-844-701-1164 (US) or 1-412-317-5492 (International) ten minutes before the start time. The call recording will be available for replay in the company's Investor Relations section of their website.
Smith Micro Software (Nasdaq: SMSI) announces that its SafePath® digital parenting solution is powering Orange Spain's new TúYo children's mobile plan. This groundbreaking service is the world's first mobile tariff with built-in protections designed for developing healthy digital habits in children. The TúYo plan offers three protection levels with predefined device limits for screen time, night break, and filtered content, based on expert and healthcare community guidelines. Parents can choose the most appropriate protection level for their child, with SafePath-powered protections included in every device on the TúYo rate plan.
Smith Micro Software (Nasdaq: SMSI) reported its Q3 2024 financial results. The company achieved $4.6 million in revenue, a significant drop from $11.0 million in Q3 2023. Gross profit declined to $3.3 million from $8.5 million, with a gross margin of 71.6% compared to 77.0% last year. The GAAP net loss was $6.4 million ($0.54 per share), worsening from a $5.1 million loss ($0.61 per share) in Q3 2023. The Non-GAAP net loss was $3.6 million ($0.30 per share), down from a net gain of $0.6 million ($0.08 per share) last year. Year-to-date, revenue was $15.6 million, down from $32.3 million in 2023, and the GAAP net loss was $44.3 million, up from $17.7 million. CEO William W. Smith Jr. highlighted cost reductions of $1.9 million and a recent $3 million personal investment, expressing confidence in 2025 profitability and growth prospects.
Smith Micro Software (NASDAQ: SMSI) will release its third quarter 2024 financial results after market close on Wednesday, November 13, 2024. Following the announcement, the company will hold a teleconference at 4:30 pm ET / 1:30 pm PT to discuss the results. The teleconference can be accessed by dialing 1-844-701-1164 or 1-412-317-5492 for international participants, with no passcode required. The recording will be available for replay in the Investor Relations section of Smith Micro's website.
Smith Micro Software (NASDAQ: SMSI) has completed two concurrent equity offerings, raising $6.9 million in gross proceeds. The offerings include:
1. A Registered Offering of 3,321,881 shares at $1.165 per share with accompanying warrants, raising $3.87 million.
2. A Private Placement led by CEO Bill Smith, investing $3.0 million for 2,575,107 unregistered shares at $1.165 per share with warrants.
Both offerings include warrants exercisable at $1.04 per share. The company plans to use the net proceeds for working capital and general corporate purposes. The securities in the Private Placement and warrants in both offerings were issued under exemptions from SEC registration requirements.
Smith Micro Software (NASDAQ: SMSI) has announced two concurrent financing agreements totaling approximately $6.9 million in gross proceeds. The financing includes:
1. A registered offering of 3,321,881 shares at $1.165 per share with accompanying warrants, yielding about $3.9 million.
2. A private placement with CEO Bill Smith investing $3.0 million for 2,575,107 unregistered shares at $1.165 per share with warrants.
Both offerings include warrants exercisable at $1.04 per share after six months, expiring in five years. The transactions are expected to close on October 2, 2024. Proceeds will be used for working capital and general corporate purposes.
Smith Micro Software (Nasdaq: SMSI) has signed a marketing engagement agreement with Competitive Carriers Association (CCA) to promote its SafePath Global™ family safety solution to CCA's carrier members. This partnership aims to enable carriers of all sizes to offer the SafePath app to their subscribers under a single branded application, distributed via Google Play and the Apple App Store.
The collaboration is expected to expand Smith Micro's addressable markets and accelerate the delivery and launch of the app, potentially leading to faster revenue generation. SafePath Global™ allows carriers to easily offer family safety features to their subscriber base, enabling consumers to obtain a trusted safety solution from their wireless provider.
Smith Micro Software (Nasdaq: SMSI) reported its Q2 2024 financial results, showing a decline in revenue to $5.1 million from $10.3 million in Q2 2023. The company experienced a GAAP net loss of $6.9 million ($0.66 loss per share) compared to a $5.7 million loss in Q2 2023. Gross profit decreased to $3.5 million, with gross profit margin falling to 68.7%. Despite these challenges, Smith Micro highlighted positive developments, including the launch of Boost Family Guard and progress towards introducing a SafePath-based Family Safety solution with a tier-one European carrier. The company emphasized its focus on the expanding Family Safety market and ongoing cost reduction initiatives to drive growth and profitability.
Smith Micro Software, Inc. (NASDAQ: SMSI) has announced its plans to report second quarter 2024 financial results on Thursday, August 1, 2024, after the close of regular trading. The company will host a teleconference at 4:30 pm ET / 1:30 pm PT to discuss the results.
Interested parties can access the conference call by dialing 1-844-701-1164 (US) or +1-412-317-5492 (International) ten minutes before the start time. No passcode is required. An internet webcast will also be available, and a recording of the call will be accessible in the Investor Relations section of Smith Micro's website for replay.
