Smith Micro's (SMSI) Q1 Earnings Miss, Revenues Down Y/Y [Yahoo! Finance]
Smith Micro Software, Inc. (SMSI)
Last smith micro software, inc. earnings: 3/5 04:00 pm
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smithmicro.com/company/investors/overview
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Source: Yahoo! Finance
Smith Micro Software SMSI reported a first-quarter 2024 non-GAAP loss of 45 cents per share compared with a loss of 51 cents in the prior-year quarter. The bottom line was wider than the Zacks Consensus Estimate of a loss of 24 cents by 87.5%. Revenues in the quarter totaled $5.8 million, on par with the Zacks Consensus Estimate. Despite the company's strategic initiatives and deal wins, revenues declined 46.8% year over year owing to continued weakness across various revenue segments. In the reported quarter, the Family Safety segment's revenues declined almost $4.6 million or 51% from the prior-year figure. The downtick was owing to the conclusion of the Verizon Family Safety contract in the fourth quarter of 2023, due to which no amount of revenue was generated from this segment. Also, persistent weak demand trends in Sprint Safe & Found revenues contributed to the downfall. CommSuite segment's revenues decreased approximately 22% year over year to $0.7 million. However, the
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SMSI
News
- Smith Micro Announces Closing of Follow-on OfferingBusiness Wire
- Smith Micro (SMSI) Unveils Marketing Programs for SafePath [Yahoo! Finance]Yahoo! Finance
- Here's Why We're Not Too Worried About Smith Micro Software's (NASDAQ:SMSI) Cash Burn Situation [Yahoo! Finance]Yahoo! Finance
- Smith Micro Announces Follow-on Offering [Yahoo! Finance]Yahoo! Finance
- Smith Micro Announces Follow-on OfferingBusiness Wire
SMSI
Earnings
- 5/8/24 - Beat
SMSI
Sec Filings
- 5/14/24 - Form 8-K
- 5/10/24 - Form 424B5
- 5/9/24 - Form DEF
- SMSI's page on the SEC website