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) has completed a follow-on offering of 1,612,903 registered shares of common stock at $0.93 per share to institutional and accredited investors. The offering included accompanying unregistered warrants allowing holders to purchase up to 1,612,903 additional shares at $1.20 per share.
The combined offering and private placement generated gross proceeds of approximately $1.5 million before fees and expenses. The warrants are immediately exercisable and will expire in five years. The company plans to use the proceeds for working capital and general corporate purposes. Chardan acted as financial advisor, while Buchanan Ingersoll & Rooney PC and Haynes and Boone, LLP served as legal counsel.
Smith Micro Software (NASDAQ: SMSI) has announced a follow-on offering involving 1,612,903 registered shares of common stock at $0.93 per share, along with accompanying unregistered warrants. The warrants allow holders to purchase an equal number of shares at $1.20 per share, exercisable immediately with a 5-year expiration.
The combined registered offering and private placement is expected to generate gross proceeds of approximately $1.5 million, which will be used for working capital and general corporate purposes. The transaction is anticipated to close by July 18, 2025, with Chardan serving as financial advisor.
Smith Micro Software (NASDAQ: SMSI) has appointed Tim Huffmyer to the newly-created dual role of Chief Operating Officer and Chief Financial Officer, effective June 9, 2025. Huffmyer, who previously served as Smith Micro's CFO from 2017 to 2021, will rejoin the company from Urgent.ly Inc., where he served as CFO. In his new position, he will oversee both operational and financial aspects of the company, reporting directly to CEO William W. Smith, Jr. Huffmyer succeeds James Kempton, who has served as CFO since 2021. The appointment aligns with Smith Micro's strategic focus on returning to growth and profitability.
Smith Micro Software (NASDAQ: SMSI) has announced the upcoming launch of SafePath® 8, a significant upgrade to its family safety platform set for release in 2025. The new version will introduce several AI-powered features designed to enhance family digital safety and management.
Key features include: Social Media Intelligence that monitors and alerts parents about concerning online content; Dynamic Age-Awareness platform that automatically configures protection settings based on a child's age group; AI Blocking Function to restrict children's access to AI chatbots and tools; and an AI Assistant for parents to gain insights about family activities. Additionally, the platform will include a Digital Wellness Resource Website accessible through the SafePath application.
These features will be available across the entire SafePath ecosystem, including SafePath Kids rate plan solution, OTT apps, and SafePath OS-powered devices for kids and seniors.
Smith Micro Software (NASDAQ: SMSI) has scheduled its first quarter 2025 financial results announcement for Wednesday, May 7, 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 will also be available via webcast, and a recording will be accessible through Smith Micro's Investor Relations website section afterward.
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.
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