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Smith Micro Software Inc - SMSI STOCK NEWS

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.

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Smith Micro Software announced the closing of its follow-on offering, issuing 1,910,000 shares of common stock at $2.15 per share to institutional and accredited investors. The offering included accompanying warrants, allowing the purchase of up to 1,910,000 shares at an exercise price of $2.34 per share.

The transaction resulted in approximately $4.1 million in gross proceeds, intended for working capital and general corporate purposes. The warrants will become exercisable six months after the closing date and expire five and a half years later. Roth Capital Partners acted as the exclusive placement agent for the offering. The shares were registered with the SEC under an effective shelf registration statement, and the warrants were issued in a private placement exempt from registration requirements.

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Smith Micro Software, Inc. announced a follow-on offering where an investor will purchase 1,910,000 shares of its common stock at $2.15 per share, with accompanying warrants to purchase additional shares. The offering is expected to result in gross proceeds of approximately $4.1 million. The company plans to use the net proceeds for working capital and general corporate purposes. The closing of the offering is subject to customary conditions and is expected to occur on May 14, 2024.

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Smith Micro Software, Inc. (SMSI) reported Q1 2024 financial results, highlighting progress in key areas for future growth. The company plans to launch SafePath Global, introduce marketing programs, and expects a unique family safety solution launch in Europe. Revenue decreased to $5.8 million compared to $10.9 million in Q1 2023, with a gross profit of $3.8 million. GAAP net loss was $31.0 million, while non-GAAP net loss was $4.2 million. Cash and equivalents as of March 31, 2024, were $6.2 million.

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Smith Micro Software, Inc. (Nasdaq: SMSI) has introduced two new marketing programs to boost subscriber growth for mobile operators' SafePath-based solutions. The affiliate/influencer program will utilize affiliate and influencer marketing to promote family safety solutions, while the upcoming retail ambassador program aims to engage retail stores in promoting the solution and driving subscription growth. These initiatives are set to create awareness and further market penetration for SafePath solutions.

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Smith Micro Software, Inc. (NASDAQ: SMSI) will announce its first quarter 2024 financial results on May 8, 2024, after the close of regular trading. A teleconference will be held at 4:30 pm ET / 1:30 pm PT for interested parties to discuss the results. Access details for the call are provided in the press release.

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Smith Micro Software, Inc. (SMSI) has regained compliance with the Nasdaq minimum bid price requirement after maintaining a closing bid price of $1.00 or more per share for 12 consecutive business days. The company received notice from The Nasdaq Stock Market that it has met the listing rule for continued listing on The Nasdaq Capital Market.

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Smith Micro Software, Inc. (SMSI) announces a 1-for-8 reverse stock split to increase share price and regain Nasdaq compliance. The split will convert 8 current shares into 1 share, reducing outstanding shares to approximately 9.6 million. All warrants and equity awards will be adjusted proportionally.
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Smith Micro Software, Inc. (SMSI) has signed a new agreement with a U.S.-based mobile operator for the deployment of SafePath Global™, accelerating the delivery of the application to the market. The SafePath Global model enables carriers to offer family safety solutions quickly and easily, reducing deployment challenges and ensuring a faster time to market.
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Smith Micro Software, Inc. (SMSI) reported financial results for Q4 and fiscal year 2023, highlighting challenges faced and strategic changes implemented. The company's focus on Family Safety market, with innovations in SafePath® platform, aims to address digital and physical safety needs. Despite a decrease in revenue, gross profit margins improved, with GAAP and non-GAAP net losses narrowing compared to the previous year.
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Smith Micro Software, Inc. (SMSI) introduces SafePath OS™, a family safety solution built on the Android OS, aimed at digital safety for children and families. The software-only solution will enable mobile network operators to offer devices with pre-installed SafePath OS, providing parental controls, an always active VPN, and evasion protection. SafePath OS will help MNOs compete with family safety solutions and ensure kids' safety in the digital world.
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Smith Micro Software Inc

Nasdaq:SMSI

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SMSI Stock Data

16.25M
13.65M
22.54%
12.94%
3.56%
Software - Application
Services-prepackaged Software
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United States
PITTSBURGH