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    Smith Micro Reports First Quarter 2025 Financial Results

    5/7/25 4:05:00 PM ET
    $SMSI
    Computer Software: Prepackaged Software
    Technology
    Get the next $SMSI alert in real time by email

    Smith Micro Software, Inc. (NASDAQ:SMSI) ("Smith Micro" or the "Company") today reported financial results for its first quarter ended March 31, 2025.

    "During our first quarter, we continued executing on our initiatives with a sharpened focus on our latest product developments in SafePath OS™ for kids and senior phones and SafePath Kids™, which enables carriers to deliver child-friendly rate plans. We have engaged in extensive discussions with current and prospective mobile operator customers, and with our latest product innovations, we have expanded our reach within these organizations, opening new opportunities for our sales team," said William W. Smith, Jr., president, chief executive officer, and chairman of the board of Smith Micro.

    Mr. Smith added, "We also continue to keep our eye on the future, with an unwavering dedication to innovation. With our upcoming launch of SafePath® 8, designed with privacy and peace of mind at its core, we will deliver the next generation of features and functionality to SafePath as we continue to enhance the digital safety and connectivity of families worldwide."

    First Quarter 2025 Financial Results

    Smith Micro reported revenue of $4.6 million for the quarter ended March 31, 2025, compared to $5.8 million reported in the quarter ended March 31, 2024.

    Gross profit for the quarter ended March 31, 2025 was $3.4 million, compared to $3.8 million for the quarter ended March 31, 2024.

    Gross profit as a percentage of revenue was 72.8 percent for the quarter ended March 31, 2025, compared to 65.7 percent for the quarter ended March 31, 2024.

    GAAP net loss for the quarter ended March 31, 2025 was $5.2 million, or $0.28 loss per share, compared to GAAP net loss of $31.0 million, or $3.28 loss per share, for the quarter ended March 31, 2024.

    Non-GAAP net loss for the quarter ended March 31, 2025 was $2.9 million, or $0.16 loss per share, compared to non-GAAP net loss of $4.2 million, or $0.45 loss per share, for the quarter ended March 31, 2024. Non-GAAP net loss excludes the items noted below under "Non-GAAP Measures."

    All share and per share amounts for common stock herein have been retroactively adjusted for all periods presented to give effect to the one-for-eight reverse stock split of our common stock, which became effective April 10, 2024 at 11:59 pm Eastern time.

    Non-GAAP Measures

    To supplement our financial information presented in accordance with GAAP, the Company considers, and has included in this press release, the following non-GAAP financial measures and a non-GAAP reconciliation from the equivalent GAAP metric: non-GAAP net loss, non-GAAP gross profit, and non-GAAP basic and diluted loss per share in the presentation of financial results in this press release. Management believes this non-GAAP presentation may be more meaningful in analyzing the Company's income generation and has therefore excluded the following items from GAAP earnings calculations: stock compensation, intangibles amortization, depreciation, fair value adjustments, goodwill impairment, and adjustment for non-recurring items. Additionally, since the Company currently has federal and state net operating loss carryforwards that can be utilized to reduce future cash payments for income taxes, these non-GAAP adjustments have not been tax effected, and the resulting income tax expense reflects actual taxes paid or accrued during each period. This presentation may be considered more indicative of the Company's ongoing operational performance. The table below presents the differences between non-GAAP net loss and net loss on an absolute and per-share basis. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP, and the non-GAAP financial measures as reported by Smith Micro may not be comparable to similarly titled amounts reported by other companies.

    Investor Conference Call

    Smith Micro will hold an investor conference call today, May 7, 2025, at 4:30 p.m. ET, to discuss the Company's first quarter 2025 financial results. To access the call, dial 1-844-701-1164; international participants can call 1-412-317-5492. A passcode is not required to join the call; ask the operator to be placed into the Smith Micro conference. Participants are asked to call the assigned number approximately 10 minutes before the conference call begins. An internet webcast is available at https://event.choruscall.com/mediaframe/webcast.html?webcastid=n6x4GcmJ. In addition, the conference call will be available on the Smith Micro website in the Investor Relations section.

    About Smith Micro Software, Inc.

    Smith Micro develops software to simplify and enhance the mobile experience, providing solutions to some of the leading wireless service providers around the world. From enabling the family digital lifestyle to providing powerful voice messaging capabilities, our solutions enrich today's connected lifestyles while creating new opportunities to engage consumers via smartphones and consumer IoT devices. The Smith Micro portfolio also includes a wide range of products for creating, sharing, and monetizing rich content, such as visual voice messaging, optimizing retail content display and performing analytics on any product set. For more information, visit www.smithmicro.com.

    Smith Micro and the Smith Micro logo are registered trademarks or trademarks of Smith Micro Software, Inc. All other trademarks and product names are the property of their respective owners.

    Forward-Looking Statements

    Certain statements in this press release are, and certain statements on the related conference call may be, forward-looking statements regarding future events or results within the meaning of the Private Securities Litigation Reform Act, including statements related to our financial prospects, goals and other projections of our outlook or performance our cost reduction plans and other future business plans, and statements using such words as "expect," "anticipate," "believe," "plan," "intend," "could," "will" and other similar expressions. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Among the important factors that could cause or contribute to such differences are customer concentration, given that the majority of our sales depend on a few large customer relationships and the loss of any of them could materially and negatively affect our business, delay or failure of our customers to accept and deploy our products and services or new or upgraded versions thereof, delay or failure of our customers' end users to adopt our products and services or new or upgraded versions thereof, our reliance on third party operating systems and other technology for the proper operation and delivery of our solutions and any barriers to our use of such third party technology, our reliance on third party application stores for the distribution of our software applications to users and any barriers to such distribution, including any delay or failure of such third party to approve new versions of our applications or their implementation and/or application of policies that may be harmful to our business, unanticipated delays or obstacles in our development and release cycles, the degree to which competing business needs or resource constraints may affect our allocation of resources to planned projects, the risk of harm to our business resulting from our recent and any future cost reduction efforts, our ability to attract and retain key technical personnel that are essential to our product development and support efforts, changes in demand for our products from our customers and their end users, changes in requirements for our products imposed by our customers or by the third party providers of software, hardware and/or platforms that we use or operate with, our ability to effectively integrate, market and sell acquired product lines, new and changing technologies and customer acceptance and timing of deployment of those technologies, and our ability to compete effectively with other software and technology companies. These and other factors discussed in our filings with the Securities and Exchange Commission, including our filings on Forms 10-K and 10-Q, could cause actual results to differ materially from those expressed or implied in any forward-looking statements. The forward-looking statements contained in this release are made on the basis of the views and assumptions of management, and we do not undertake any obligation to update these statements to reflect events or circumstances occurring after the date of this release.

    Smith Micro Software, Inc.

     

     

     

    Consolidated Balance Sheets

     

     

     

    (in thousands except share and par value data)

     

     

     

     

     

     

     

     

    March 31,

    2025

     

    December 31,

    2024

     

    (unaudited)

     

    (audited)

    Assets

     

     

     

    Current assets:

     

     

     

    Cash and cash equivalents

    $

    2,288

     

     

    $

    2,808

     

    Accounts receivable, net of related allowances of $106 and $3 at March 31, 2025 and 2024, respectively

     

    3,238

     

     

     

    5,721

     

    Prepaid expenses and other current assets

     

    1,435

     

     

     

    1,467

     

    Total current assets

     

    6,961

     

     

     

    9,996

     

    Equipment and improvements, net

     

    468

     

     

     

    538

     

    Right-of-use assets

     

    2,067

     

     

     

    2,367

     

    Other assets

     

    495

     

     

     

    496

     

    Intangible assets, net

     

    22,321

     

     

     

    23,597

     

    Goodwill

     

    11,052

     

     

     

    11,052

     

    Total assets

    $

    43,364

     

     

    $

    48,046

     

    Liabilities and Stockholders' Equity

     

     

     

    Current liabilities:

     

     

     

    Accounts payable

    $

    1,674

     

     

    $

    1,738

     

    Accrued payroll and benefits

     

    1,695

     

     

     

    1,694

     

    Current operating lease liabilities

     

    1,416

     

     

     

    1,279

     

    Other current liabilities

     

    886

     

     

     

    940

     

    Total current liabilities

     

    5,671

     

     

     

    5,651

     

    Non-current liabilities:

     

     

     

    Warrant liabilities

     

    101

     

     

     

    224

     

    Operating lease liabilities

     

    902

     

     

     

    1,287

     

    Deferred tax liabilities, net

     

    128

     

     

     

    128

     

    Total non-current liabilities

     

    1,131

     

     

     

    1,639

     

    Commitments and contingencies

     

     

     

    Stockholders' equity:

     

     

     

    Common stock, par value $0.001 per share; 100,000,000 shares authorized; 19,458,750 and 17,673,404 shares issued and outstanding 2025 and 2024, respectively

     

    19

     

     

     

    18

     

    Additional paid-in capital

     

    396,366

     

     

     

    395,383

     

    Accumulated comprehensive deficit

     

    (359,823

    )

     

     

    (354,645

    )

    Total stockholders' equity

     

    36,562

     

     

     

    40,756

     

    Total liabilities and stockholders' equity

    $

    43,364

     

     

    $

    48,046

     

    Smith Micro Software, Inc.

     

     

     

    Consolidated Statements of Operations

     

     

     

    (in thousands except share data)

     

     

     

     

    For the Three Months Ended

    March 31,

     

    2025

     

    2024

     

    (unaudited)

     

    (unaudited)

    Revenues

    $

    4,621

     

     

    $

    5,798

     

    Cost of revenues (including depreciation of $1 and $6 in the three months ended March 31, 2025 and 2024, respectively)

     

    1,258

     

     

     

    1,988

     

    Gross profit

     

    3,363

     

     

     

    3,810

     

    Operating expenses:

     

     

     

    Selling and marketing

     

    1,643

     

     

     

    2,614

     

    Research and development

     

    2,857

     

     

     

    3,989

     

    General and administrative

     

    2,724

     

     

     

    2,756

     

    Depreciation and amortization

     

    1,349

     

     

     

    1,908

     

    Goodwill impairment

     

    —

     

     

     

    23,989

     

    Total operating expenses

     

    8,573

     

     

     

    35,256

     

    Operating loss

     

    (5,210

    )

     

     

    (31,446

    )

    Other income (expense):

     

     

     

    Change in fair value of warrant liabilities

     

    123

     

     

     

    185

     

    Interest (expense) income, net

     

    (25

    )

     

     

    74

     

    Other (expense) income, net

     

    (65

    )

     

     

    219

     

    Loss before provision for income tax provision

     

    (5,177

    )

     

     

    (30,968

    )

    Provision for income tax expense

     

    1

     

     

     

    39

     

    Net loss

    $

    (5,178

    )

     

    $

    (31,007

    )

     

     

     

     

    Loss per share:

     

     

     

    Basic and diluted

    $

    (0.28

    )

     

    $

    (3.28

    )

     

     

     

     

    Weighted average shares outstanding:

     

     

     

    Basic and diluted

     

    18,216

     

     

     

    9,466

     

    Smith Micro Software, Inc.

     

     

     

    Consolidated Statements of Cash Flows

     

     

     

    (in thousands)

     

     

     

     

     

     

     

     

    For the Three Months Ended

    March 31,

     

    2025

     

    2024

     

    (unaudited)

     

    (unaudited)

    Operating activities:

     

     

     

    Net loss

    $

    (5,178

    )

     

    $

    (31,007

    )

    Adjustments to reconcile net loss to net cash used in operating activities:

     

     

     

    Depreciation and amortization

     

    1,350

     

     

     

    1,914

     

    Goodwill impairment charge

     

    —

     

     

     

    23,989

     

    Non-cash lease expense

     

    52

     

     

     

    (151

    )

    Change in fair value of warrant liabilities

     

    (123

    )

     

     

    (185

    )

    Provision for credit losses

     

    103

     

     

     

    —

     

    Stock based compensation

     

    1,088

     

     

     

    1,136

     

    Gain on license of patents, net

     

    —

     

     

     

    (198

    )

    Changes in operating accounts:

     

     

     

    Accounts receivable

     

    2,381

     

     

     

    3,611

     

    Prepaid expenses and other assets

     

    33

     

     

     

    44

     

    Accounts payable, accrued, and other liabilities

     

    (308

    )

     

     

    (498

    )

    Net cash used in operating activities

     

    (602

    )

     

     

    (1,345

    )

    Investing activities:

     

     

     

    Capital expenditures, net

     

    (4

    )

     

     

    (4

    )

    Proceeds from license of patents, net

     

    —

     

     

     

    198

     

    Net cash (used in) provided by investing activities

     

    (4

    )

     

     

    194

     

    Financing activities:

     

     

     

    Proceeds from financing arrangements

     

    384

     

     

     

    468

     

    Repayments of financing arrangements

     

    (300

    )

     

     

    (289

    )

    Other financing activities

     

    2

     

     

     

    2

     

    Net cash provided by financing activities

     

    86

     

     

     

    181

     

    Net decrease in cash and cash equivalents

     

    (520

    )

     

     

    (970

    )

    Cash and cash equivalents, beginning of period

     

    2,808

     

     

     

    7,125

     

    Cash and cash equivalents, end of period

    $

    2,288

     

     

    $

    6,155

     

    Smith Micro Software, Inc.

     

    Reconciliation of GAAP to Non-GAAP Results

     

    (in thousands, except per share data) - unaudited

     

     

     

     

     

     

     

     

    Three Months Ended

    March 31, 2025

    GAAP

    Stock Compensation

    Intangibles

    Amortization

    Depreciation

    Fair Value

    Adjustments

    Non-GAAP

    Gross profit

    $

    3,363

     

    $

    —

     

    $

    —

     

    $

    1

     

    $

    —

     

    $

    3,364

     

    Selling and marketing

     

    1,643

     

     

    (235

    )

     

    —

     

     

    —

     

     

    —

     

     

    1,408

     

    Research and development

     

    2,857

     

     

    (215

    )

     

    —

     

     

    —

     

     

    —

     

     

    2,642

     

    General and administrative

     

    2,724

     

     

    (638

    )

     

    —

     

     

    —

     

     

    —

     

     

    2,086

     

    Depreciation and amortization

     

    1,349

     

     

    —

     

     

    (1,276

    )

     

    (73

    )

     

    —

     

     

    —

     

    Total operating expenses

    $

    8,573

     

    $

    (1,088

    )

    $

    (1,276

    )

    $

    (73

    )

    $

    —

     

    $

    6,136

     

     

     

     

     

     

     

     

    (Loss) income before provision for income taxes

    $

    (5,177

    )

    $

    1,088

     

    $

    1,276

     

    $

    74

     

    $

    (123

    )

    $

    (2,862

    )

    Net (loss) income

    $

    (5,178

    )

    $

    1,088

     

    $

    1,276

     

    $

    74

     

    $

    (123

    )

    $

    (2,863

    )

    (Loss) earnings per share: basic and diluted

    $

    (0.28

    )

    $

    0.06

     

    $

    0.07

     

    $

    —

     

    $

    (0.01

    )

    $

    (0.16

    )

    Note: (Loss) earnings per share: basic and diluted - may be impacted by rounding to allow rows to calculate.

    Three Months

    Ended

    March 31, 2024

    GAAP

    Stock

    Compensation

    Intangibles

    Amortization

    Depreciation

    Fair Value

    Adjustments

    Goodwill

    Impairment

    Adjustments for

    Non-Recurring

    Items1

    Non-GAAP

    Gross profit

    $

    3,810

     

    $

    —

     

    $

    —

     

    $

    6

     

    $

    —

     

    $

    —

     

    $

    —

     

    $

    3,816

     

    Selling and marketing

     

    2,614

     

     

    (309

    )

     

    —

     

     

    —

     

     

    —

     

     

    —

     

     

    (13

    )

     

    2,292

     

    Research and development

     

    3,989

     

     

    (264

    )

     

    —

     

     

    —

     

     

    —

     

     

    —

     

     

    (18

    )

     

    3,707

     

    General and administrative

     

    2,756

     

     

    (563

    )

     

    —

     

     

    —

     

     

    —

     

     

    —

     

     

    (104

    )

     

    2,089

     

    Depreciation and amortization

     

    1,908

     

     

    —

     

     

    (1,816

    )

     

    (92

    )

     

    —

     

     

    —

     

     

    —

     

     

    —

     

    Goodwill impairment

     

    23,989

     

     

     

     

     

     

    (23,989

    )

     

     

    Total operating expenses

    $

    35,256

     

    $

    (1,136

    )

    $

    (1,816

    )

    $

    (92

    )

    $

    —

     

    $

    (23,989

    )

    $

    (135

    )

    $

    8,088

     

     

     

     

     

     

     

     

     

     

    (Loss) income before provision for income taxes

    $

    (30,968

    )

    $

    1,136

     

    $

    1,816

     

    $

    98

     

    $

    (185

    )

    $

    23,989

     

    $

    (62

    )

    $

    (4,176

    )

    Net (loss) income

    $

    (31,007

    )

    $

    1,136

     

    $

    1,816

     

    $

    98

     

    $

    (185

    )

    $

    23,989

     

    $

    (62

    )

    $

    (4,215

    )

    (Loss) earnings per share: basic and diluted

    $

    (3.28

    )

    $

    0.12

     

    $

    0.19

     

    $

    0.01

     

    $

    (0.02

    )

    $

    2.53

     

    $

    —

     

    $

    (0.45

    )

    Note: (Loss) earnings per share: basic and diluted - may be impacted by rounding to allow rows to calculate.

    1Adjustment for Non-Recurring Items includes costs associated with corporate actions in 2024, including but not limited to special meetings and reverse stock split, offset by licensure of patents.

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250507930722/en/

    IR INQUIRIES:

    Charles Messman

    Investor Relations

    949-362-5800

    [email protected]

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    • Amendment: SEC Form SC 13G/A filed by Smith Micro Software Inc.

      SC 13G/A - SMITH MICRO SOFTWARE, INC. (0000948708) (Subject)

      11/15/24 8:30:55 AM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13G/A filed by Smith Micro Software Inc. (Amendment)

      SC 13G/A - SMITH MICRO SOFTWARE, INC. (0000948708) (Subject)

      2/14/24 11:32:10 AM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13G/A filed by Smith Micro Software Inc. (Amendment)

      SC 13G/A - SMITH MICRO SOFTWARE, INC. (0000948708) (Subject)

      2/8/24 5:42:12 PM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology
    • VP, CFO and Treasurer Kempton James M covered exercise/tax liability with 3,856 shares, decreasing direct ownership by 2% to 218,381 units (SEC Form 4)

      4 - SMITH MICRO SOFTWARE, INC. (0000948708) (Issuer)

      4/21/25 4:55:23 PM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology
    • President & CEO Smith William W Jr covered exercise/tax liability with 9,904 shares, decreasing direct ownership by 3% to 344,827 units (SEC Form 4)

      4 - SMITH MICRO SOFTWARE, INC. (0000948708) (Issuer)

      4/21/25 4:54:25 PM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology
    • VP, CFO and Treasurer Kempton James M was granted 250 shares, increasing direct ownership by 0.11% to 222,237 units (SEC Form 4)

      4 - SMITH MICRO SOFTWARE, INC. (0000948708) (Issuer)

      4/2/25 6:28:25 PM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology
    • Smith Micro Appoints New Members to the Board of Directors

      The addition of recognized leaders from the mobile and tech sectors enhances the experience and composition of the Company's Board of Directors. Smith Micro Software, Inc. ((SMSI) announces the election of two new members to its Board of Directors, both of whom are visionaries who bring decades of experience in executive leadership, technology expertise, as well as strategic execution and advisement. The new Board members are Asha Keddy, corporate Vice President and General Manager of Next Generation Systems and Standards at Intel Corporation, and Chetan Sharma, Chief Executive Officer of Chetan Sharma Consulting. Both individuals are well respected, transformational strategists and techn

      4/12/22 8:30:00 AM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology
    • Smith Micro Appoints James Kempton as New Chief Financial Officer

      Smith Micro Software, Inc. (NASDAQ:SMSI), today announced the appointment of James M. Kempton as its new Chief Financial Officer, effective November 3, 2021. Kempton joins Smith Micro from L.B. Foster Company where he serves as Corporate Controller and Principal Accounting Officer. "We are very pleased to announce Jim's appointment as our new CFO," said William W. Smith, Jr., President and CEO of Smith Micro. "Jim brings a successful track record of proven leadership and extensive expertise and experience in financial matters that will help continue to drive Smith Micro's strong business case." Prior to joining L.B. Foster in February 2020, Kempton served as Executive Vice President and C

      10/6/21 8:00:00 AM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology
    • The Benchmark Company initiated coverage on Smith Micro Software with a new price target

      The Benchmark Company initiated coverage of Smith Micro Software with a rating of Buy and set a new price target of $5.00

      11/29/22 7:39:53 AM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology
    • Lake Street reiterated coverage on Smith Micro Software with a new price target

      Lake Street reiterated coverage of Smith Micro Software with a rating of Buy and set a new price target of $6.00 from $9.00 previously

      3/11/22 10:16:10 AM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology
    • Dawson James reiterated coverage on Smith Micro Software with a new price target

      Dawson James reiterated coverage of Smith Micro Software with a rating of Buy and set a new price target of $8.30 from $11.40 previously

      3/11/22 9:26:41 AM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology

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    • SEC Form 10-Q filed by Smith Micro Software Inc.

      10-Q - SMITH MICRO SOFTWARE, INC. (0000948708) (Filer)

      5/8/25 4:06:19 PM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology
    • SEC Form S-3 filed by Smith Micro Software Inc.

      S-3 - SMITH MICRO SOFTWARE, INC. (0000948708) (Filer)

      5/7/25 4:11:01 PM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology
    • Smith Micro Software Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - SMITH MICRO SOFTWARE, INC. (0000948708) (Filer)

      5/7/25 4:07:57 PM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology

    $SMSI
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    • Smith Micro Reports First Quarter 2025 Financial Results

      Smith Micro Software, Inc. (NASDAQ:SMSI) ("Smith Micro" or the "Company") today reported financial results for its first quarter ended March 31, 2025. "During our first quarter, we continued executing on our initiatives with a sharpened focus on our latest product developments in SafePath OS™ for kids and senior phones and SafePath Kids™, which enables carriers to deliver child-friendly rate plans. We have engaged in extensive discussions with current and prospective mobile operator customers, and with our latest product innovations, we have expanded our reach within these organizations, opening new opportunities for our sales team," said William W. Smith, Jr., president, chief executive o

      5/7/25 4:05:00 PM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology
    • Smith Micro Schedules Teleconference to Announce First Quarter 2025 Financial Results

      Smith Micro Software, Inc. (NASDAQ:SMSI) today announced that it will report its first quarter 2025 financial results following the close of regular trading on Wednesday, May 7, 2025. The news release will be followed by a teleconference available to all interested parties at 4:30 pm ET / 1:30 pm PT. The Smith Micro first quarter conference call may be accessed as follows: Date and Time: Wednesday, May 7, 2025 at 4:30 pm ET / 1:30 pm PT News Release: Available in Smith Micro's Newsroom Teleconference: Dial 1-844-701-1164 ten minutes before the start of the call. International participants can call 1-412-317-5492 A passcode is not required to access the teleconference. Ask the operator

      5/1/25 4:05:00 PM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology
    • Smith Micro Reports Fourth Quarter and Fiscal Year 2024 Financial Results

      Smith Micro Software, Inc. (NASDAQ:SMSI) ("Smith Micro" or the "Company") today reported financial results for its fourth quarter and fiscal year ended December 31, 2024. "Looking back on 2024, it was a transformative year for Smith Micro as we addressed challenges head-on and developed new innovations that have ignited a renewed focus for the Company. We are seeing excitement – both within the company and among our customers and prospects – for the opportunities that we are creating with the latest expansion of our SafePath® platform," said William W. Smith, Jr., president, chief executive officer, and chairman of the board of Smith Micro. "We have distinguished ourselves as a trusted pa

      3/11/25 4:05:00 PM ET
      $SMSI
      Computer Software: Prepackaged Software
      Technology