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.
Smith Micro is set to acquire Avast's Family Safety Mobile Business for $66 million, aiming to enhance its position in the family mobile software sector. This acquisition will integrate Avast's parental control services, including location tracking and content filtering, positioning Smith Micro as a leader in the carrier industry.
The deal, expected to close in mid-April 2021, will also facilitate a strategic partnership for future collaborations in cybersecurity and digital privacy solutions.
Smith Micro Software (SMSI) has announced a $62 million underwritten public offering of its common stock. The proceeds will primarily fund the acquisition of Avast's Family Safety Mobile Software Business and for general corporate purposes. In addition, the underwriters have a 30-day option to purchase an extra 15% of shares to cover over-allotments. B. Riley Securities and Roth Capital Partners are the joint book-running managers for this offering. The relevant prospectus has been filed with the SEC and is available online.
Smith Micro Software, Inc. (NASDAQ: SMSI) announced its fourth quarter and fiscal year 2020 results, achieving an 18% year-over-year revenue growth, totaling $51.3 million. The fourth quarter revenue was $12.4 million, slightly up from $12.3 million in Q4 2019. However, GAAP net income fell to $580,000 ($0.01 per share) from $3.7 million ($0.09 per share) a year earlier. The company reported a gross profit margin of 90% for the year, down from 91% in 2019, while generating $7.9 million in cash from operations. Smith Micro will discuss these results in an investor conference call today.
Smith Micro Software, Inc. (NASDAQ: SMSI) will report its fourth quarter and fiscal year 2020 financial results on March 8, 2021, after market close. A teleconference will follow at 4:30 PM ET, accessible via dial-in or an internet webcast. Participants are encouraged to join the call ten minutes early and can find the news release on the company’s News Room. Smith Micro specializes in software enhancing mobile experiences for wireless providers and cable operators worldwide.
Smith Micro Software has announced the deployment of its ViewSpot retail display management software by a major mobile network operator in Spain, marking the platform's European debut. ViewSpot is now compatible with iOS, enhancing its functionality for retailers managing digital content on both iOS and Android devices. The platform allows retailers to optimize in-store demos, providing customers with essential device insights and dynamic pricing. CEO William W. Smith, Jr. highlighted the European launch and iOS compatibility as pivotal for increasing ViewSpot's market presence and revenue potential moving forward.
Smith Micro Software has announced that Ooredoo Oman has launched the SafePath Family solution, branded as Safe & Sound, providing mobile subscribers with real-time location services and parental controls for Android devices. This marks the first introduction of Smith Micro’s family safety technology in the Middle East. The app features services such as location tracking, SOS alerts, geo-fencing, and web filtering, aimed at enhancing family safety.
Smith Micro Software (NASDAQ: SMSI) will participate in the Needham & Company 23rd Annual Growth Conference from January 11-15, 2021. The company's President and CEO William W. Smith, Jr., CFO Timothy Huffmyer, and VP of Investor Relations Charles Messman will present virtually on January 12 from 2:45 to 3:25 pm Eastern Time. A live audio webcast and archived replay will be available on the Investor Relations page. For conference details, visit Needham's site.
Smith Micro Software divested its Moho 2D animation software line to Lost Marble LLC, founded by the original creator of Moho and an animator from Cartoon Saloon. This strategic move allows Smith Micro to focus entirely on their wireless solutions: SafePath, CommSuite, and ViewSpot. CEO William W. Smith, Jr. stated that the divestiture is beneficial for all parties, enabling Lost Marble to continue the Moho legacy while enhancing Smith Micro's profitability in its core business areas. The company continues to develop software that enriches mobile experiences.
Smith Micro, a software company headquartered in Pittsburgh, develops solutions for enhancing the mobile experience for wireless service providers and cable MSOs globally. Their portfolio includes products for voice messaging, digital engagement, and content monetization. Smith Micro aims to simplify the digital lifestyle for families while providing analytics and optimization tools for retail content displays.
Smith Micro Software announced the launch of SafePath Drive, a smartphone-based driver safety solution. This innovative tool detects risky driving behaviors such as acceleration and speeding, providing features like collision detection and personalized driver scores. Designed as a white-label product for wireless carriers, it strengthens the existing SafePath Family application, which includes location services and parental controls. By offering SafePath Drive, Smith Micro aims to enhance family safety and assist parents in monitoring their loved ones' driving habits.
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