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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) is a renowned provider of innovative software solutions catering to the mobile world. With a focus on addressing critical business challenges, Smith Micro collaborates with leading global wireless service providers, cable/MSOs, and mobile device and chipset manufacturers. The company's core competencies lie in developing modular, multi-platform wireless solutions such as SafePath, CommSuite, and ViewSpot.

Smith Micro's wireless solutions are designed to enhance the quality of experience for mobile users by optimizing connectivity, facilitating policy-on-device control, and providing analytics-driven insights. These solutions empower enterprises, brands, and communication service providers to engage with their subscribers in a more personalized and effective manner.

In addition to wireless solutions, Smith Micro is a leader in graphics software, offering a range of products for animators, illustrators, graphic designers, and students. These tools are instrumental in creating rich, animated content such as cartoons, films, and motion comics, contributing to the vibrant media market.

Smith Micro's financial health and operational efficiency are reflected in its continued partnerships with large wireless carriers, cable operators, and OEMs. The company remains committed to innovating and delivering top-notch software solutions that meet the evolving needs of the mobile-first global society.

Recent Achievements and Current Projects:

  • Partnerships with major global wireless carriers to enhance connectivity solutions.
  • Launch of new features in the SafePath platform, aimed at improving family safety and security.
  • Continued development of CommSuite to offer advanced voicemail and messaging services.
  • Expansion of ViewSpot to provide better in-store mobile device engagement.

With a focus on quality and efficiency, Smith Micro Software Inc. continues to play a pivotal role in the mobile and graphics software industries, driving innovation and improving user experiences worldwide.

News

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

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Smith Micro Software, Inc. (SMSI) signs multi-year agreement with major Tier 1 mobile network operator in Europe to provide SafePath® Digital Family Lifestyle™ solution. This will help parents monitor their children's location and safety in both physical and digital worlds, addressing a growing need for safety and trust.
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Smith Micro Reports Third Quarter and Year-to-Date 2023 Financial Results

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Smith Micro Software, Inc. (SMSI) reports sequential revenue growth and $1.5 million of cash flow from operations during Q3 2023. The company exceeded cost reduction targets, improved gross margins, and achieved non-GAAP profitability. Revenue for Q3 2023 was $11.0 million, with a gross profit of $8.5 million. GAAP net loss was $5.1 million, while non-GAAP net income was $0.6 million. Year to date, revenue was $32.3 million, with a gross profit of $23.9 million. GAAP net loss for the nine months ended September 30, 2023, was $17.7 million, and non-GAAP net loss was $3.6 million. Total cash and cash equivalents as of September 30, 2023, were $8.0 million.
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Smith Micro Announces New Enhanced Solutions to SafePath® Platform for 2024

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Smith Micro Software, Inc. (Nasdaq: SMSI) announced new enhancements to its SafePath platform, expanding functionality to include a broader family structure and providing MNOs with tools to protect against physical and digital threats.
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Smith Micro Schedules Teleconference to Announce Third Quarter and Year-to-Date 2023 Financial Results

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Smith Micro Software, Inc. (NASDAQ: SMSI) will report its Q3 and year-to-date 2023 financial results on November 8, 2023, after the close of regular trading. A teleconference will be held at 4:30 pm ET / 1:30 pm PT. The conference call can be accessed through dial-in or internet webcast.
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U.S. Tier 1 Carrier Launches Upgraded Family Security Application Powered by Smith Micro’s SafePath® Platform

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Enhanced family safety app launched by major US carrier, leveraging Smith Micro's SafePath platform. Represents a significant milestone for Smith Micro. Subscribers now have extensive new features and functionality. Provides leading-edge digital parenting controls and location technology.
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Smith Micro Reports Second Quarter and Year-to-Date 2023 Financial Results

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Smith Micro Software, Inc. reported Q2 2023 financial results. Revenue was $10.3 million, down from $12.7 million in Q2 2022. Gross profit was $7.7 million, with a gross profit margin of 75%. GAAP net loss was $5.7 million. Non-GAAP net loss was $0.6 million. Total cash and cash equivalents were $6.4 million as of June 30, 2023.
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Smith Micro Schedules Teleconference to Announce Second Quarter and Year-to-Date 2023 Financial Results

Rhea-AI Summary
Smith Micro Software, Inc. (NASDAQ: SMSI) will report its second quarter and year-to-date 2023 financial results on August 9, 2023. The news release will be followed by a teleconference at 4:30 pm ET / 1:30 pm PT. The teleconference can be accessed by dialing 1-844-701-1164 (international participants: +1-412-317-5492) and does not require a pass code. The conference call recording will be available for replay on the Smith Micro website Investor Relations section.
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Smith Micro Reports First Quarter 2023 Financial Results

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Smith Micro Schedules Teleconference to Announce First Quarter 2023 Financial Results

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

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FAQ

What is the current stock price of Smith Micro Software (SMSI)?

The current stock price of Smith Micro Software (SMSI) is $0.9694 as of December 20, 2024.

What is the market cap of Smith Micro Software (SMSI)?

The market cap of Smith Micro Software (SMSI) is approximately 16.0M.

What does Smith Micro Software Inc do?

Smith Micro Software Inc develops modular, multi-platform wireless solutions and graphics software for various industries.

What are the primary products of Smith Micro?

The primary products include SafePath, CommSuite, and ViewSpot.

Who are Smith Micro's main clients?

Smith Micro's main clients are global wireless service providers, cable/MSOs, mobile device and chipset manufacturers, and enterprise businesses.

How do Smith Micro's wireless solutions benefit users?

The solutions optimize connectivity, facilitate policy-on-device control, and provide analytics-driven insights to enhance mobile user experience.

What industries use Smith Micro's graphics software?

Animators, illustrators, graphic designers, and students in the media and entertainment industry use Smith Micro's graphics software.

What is SafePath?

SafePath is a Smith Micro product designed to improve family safety and security.

What is CommSuite?

CommSuite is a product that offers advanced voicemail and messaging services.

What is ViewSpot?

ViewSpot is a solution for better in-store mobile device engagement.

How does Smith Micro contribute to the mobile-first global society?

Smith Micro enhances network efficiency, device performance, and app effectiveness, facilitating convenient content consumption.

What recent achievements has Smith Micro accomplished?

Recent achievements include partnerships with major global wireless carriers and the launch of new features in SafePath.

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Smith Micro Software Inc

Nasdaq:SMSI

SMSI Rankings

#5402 Ranked by Market Cap
N/A Ranked by Dividends

SMSI Stock Data

16.02M
14.12M
20.97%
14.34%
1.79%
Software - Application
Services-prepackaged Software
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United States of America
PITTSBURGH