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 announced the closing of a public offering of 9,520,787 shares, generating gross proceeds of approximately $65.2 million before expenses. The company plans to utilize the funds for acquiring Avast's Family Safety Mobile Software Business and general corporate needs. Underwriters have a 30-day option to purchase an additional 1,428,118 shares. The offering was managed by B. Riley Securities and Roth Capital Partners, with legal counsel from Buchanan Ingersoll & Rooney PC and Sheppard, Mullin, Richter & Hampton LLP.
Smith Micro Software announced a follow-on public offering of 9,520,787 shares at $6.85 each, with a gross proceeds estimate of $65.2 million. The offering is aimed at funding the acquisition of Avast's Family Safety Mobile Software Business and general corporate purposes. An additional 1,428,118 shares may be purchased by the underwriter to cover over-allotments. The offering is expected to close on March 15, 2021. B. Riley Securities and Roth Capital Partners are the joint book-running managers for the offering.
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.
