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) released its second quarter financial results for 2021, reporting revenue of $15.9 million, up from $12.9 million in Q2 2020. Gross profit increased to $12.6 million, with a margin of 79%, although down from 90% year-over-year. The company reported a GAAP net loss of $5.2 million compared to a net income of $1.4 million in the prior year. Non-GAAP results showed a loss of $307 thousand against a profit of $3.0 million last year. Total cash as of June 30, 2021, was $29.9 million.
Smith Micro Software, Inc. (NASDAQ: SMSI) will report its Q2 2021 financial results on August 4, 2021, after regular trading hours. A teleconference for stakeholders is scheduled for 4:30 PM ET / 1:30 PM PT. Participants can join by dialing 1-844-701-1164 for domestic calls or +1 412-317-5492 for international calls, without needing a passcode. The call will also be available via an internet webcast at smsi.me/3kjc6Fs, and a replay will be accessible in the Investor Relations section of their website.
Smith Micro Software, Inc. (NASDAQ: SMSI) announces the resignation of CFO Tim Huffmyer, who will assist in the transition for the next seven weeks. Huffmyer expressed confidence in the company’s future success. The board has initiated a search for a new CFO, engaging a national executive search firm to aid in the process. President and CEO William W. Smith, Jr. acknowledged Huffmyer's contributions during his tenure. Smith Micro, known for software solutions enhancing mobile experiences for leading wireless providers, continues to focus on innovation and customer engagement.
Smith Micro Software will co-host an analyst-led webinar on July 13, 2021, titled Smartphones: Dangerous Distraction or Driver Safety Companion?. The webinar aims to discuss findings from Smith Micro’s recent Distracted Driving Survey, emphasizing parental concerns about teen driver safety and how technology can aid in teaching safe driving habits. The event features speakers Eytan Urbas, Vice President of Corporate Strategy, and Steve Bell, Principal Analyst and Director at Wards Intelligence. Parents' willingness to use driver safety monitoring technology will be a key topic.
Smith Micro Software will participate in the Needham & Company 16th Annual Virtual Technology & Media Conference from May 17 – 20, 2021. Company executives, including CEO William W. Smith, Jr., CFO Timothy Huffmyer, and VP Charles Messman, will present on May 17 from 10:15 – 10:55 am ET. A live audio webcast will be available at this link, along with an archived replay on the Investor Relations page. For further details, visit the conference page.
Smith Micro reported Q1 2021 financial results, posting $11.4 million in revenue, down from $13.3 million in Q1 2020. Gross profit decreased to $9.8 million, with a margin of 86% compared to 91% in the prior year. The company experienced a GAAP net loss of $3.2 million ($0.07 per share), contrasting with a net income of $2.0 million in Q1 2020. Non-GAAP net income was $700 thousand ($0.02 per share), down from $4.1 million ($0.10 per share). Cash and cash equivalents stood at $89.2 million as of March 31, 2021.
Smith Micro Software, Inc. (NASDAQ: SMSI) will announce its first quarter 2021 financial results after the market closes on May 5, 2021. Following the announcement, a teleconference will be held at 4:30 PM ET/1:30 PM PT for interested parties. Access details for the call include a dial-in number for U.S. participants and an international option, with no passcode required. The conference call results will be available for replay on the company's Investor Relations section.
Smith Micro Software has successfully completed the acquisition of Avast plc’s Family Safety Mobile business for approximately $66 million. This significant move, the largest acquisition in the company’s history, positions Smith Micro as a leader in mobile family safety solutions for wireless carriers. With the addition of key services such as location tracking, content filtering, and screen time management, the acquisition enhances Smith Micro's SaaS offerings globally and expands its workforce in the U.S. and Europe.
Smith Micro Software (NASDAQ: SMSI) has announced that Boost Mobile will include its Premium Visual Voicemail (PVVM) service in the new Privacy Premium offering. This service, powered by Smith Micro's CommSuite® platform, enhances voicemail management with secure voice-to-text transcription and email forwarding options. PVVM is priced at $5.99 per month and is available for compatible Android devices. CEO William W. Smith emphasized the importance of digital privacy and streamlined user experience. The Privacy Premium offering also includes Secure Wi-Fi and Call Screener Premium features.
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