STOCK TITAN
  1. Home
  2. News
  3. SMSI

Smith Micro Software, Inc. - SMSI STOCK NEWS

Welcome to our dedicated news page for Smith Micro Software (Ticker: SMSI), a resource for investors and traders seeking the latest updates and insights on Smith Micro Software.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Smith Micro Software's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Smith Micro Software's position in the market.

News
Smith Micro Announces 1-for-8 Reverse Stock Split
Rhea-AI Summary
Smith Micro Software, Inc. (SMSI) announces a 1-for-8 reverse stock split to increase share price and regain Nasdaq compliance. The split will convert 8 current shares into 1 share, reducing outstanding shares to approximately 9.6 million. All warrants and equity awards will be adjusted proportionally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.37%
Tags
stock split
-
News
Smith Micro Announces New Agreement with a Mobile Operator in the US for Deployment of Its SafePath Platform
Rhea-AI Summary
Smith Micro Software, Inc. (SMSI) has signed a new agreement with a U.S.-based mobile operator for the deployment of SafePath Global™, accelerating the delivery of the application to the market. The SafePath Global model enables carriers to offer family safety solutions quickly and easily, reducing deployment challenges and ensuring a faster time to market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.06%
Tags
none
-
News
Smith Micro Reports Fourth Quarter and Fiscal Year 2023 Financial Results
Rhea-AI Summary
Smith Micro Software, Inc. (SMSI) reported financial results for Q4 and fiscal year 2023, highlighting challenges faced and strategic changes implemented. The company's focus on Family Safety market, with innovations in SafePath® platform, aims to address digital and physical safety needs. Despite a decrease in revenue, gross profit margins improved, with GAAP and non-GAAP net losses narrowing compared to the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-40.24%
Tags
earnings
News
Smith Micro Announces New SafePath OS™ Solution Expanding its Focus on Family Safety
Rhea-AI Summary
Smith Micro Software, Inc. (SMSI) introduces SafePath OS™, a family safety solution built on the Android OS, aimed at digital safety for children and families. The software-only solution will enable mobile network operators to offer devices with pre-installed SafePath OS, providing parental controls, an always active VPN, and evasion protection. SafePath OS will help MNOs compete with family safety solutions and ensure kids' safety in the digital world.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-40.24%
Tags
none
-
News
Smith Micro Schedules Teleconference to Announce Fourth Quarter and Fiscal Year 2023 Financial Results
Rhea-AI Summary
Smith Micro Software, Inc. (SMSI) will announce its Q4 2023 and fiscal year 2023 financial results on February 22, 2024. A teleconference will be held at 4:30 pm ET / 1:30 pm PT for interested parties.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.19%
Tags
earnings
-
News
Smith Micro Retires Senior Secured Convertible Notes
Rhea-AI Summary
Smith Micro Software, Inc. (Nasdaq: SMSI) has retired its senior secured convertible notes issued in August 2022, marking a significant step for the company as it enters 2024. The net proceeds from the notes supported the migration of a tier one carrier to the SafePath® platform in 2023. The company now has no debt on its balance sheet, other than normal course payables and financing arrangements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.94%
Tags
none
News
Leading Tier 1 European Mobile Operator Signs New SafePath® Multiyear Contract with Smith Micro
Rhea-AI Summary
Smith Micro Software, Inc. (SMSI) signs multi-year agreement with major Tier 1 mobile network operator in Europe to provide SafePath® Digital Family Lifestyle™ solution. This will help parents monitor their children's location and safety in both physical and digital worlds, addressing a growing need for safety and trust.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.07%
Tags
none
-
News
Smith Micro Reports Third Quarter and Year-to-Date 2023 Financial Results
Rhea-AI Summary
Smith Micro Software, Inc. (SMSI) reports sequential revenue growth and $1.5 million of cash flow from operations during Q3 2023. The company exceeded cost reduction targets, improved gross margins, and achieved non-GAAP profitability. Revenue for Q3 2023 was $11.0 million, with a gross profit of $8.5 million. GAAP net loss was $5.1 million, while non-GAAP net income was $0.6 million. Year to date, revenue was $32.3 million, with a gross profit of $23.9 million. GAAP net loss for the nine months ended September 30, 2023, was $17.7 million, and non-GAAP net loss was $3.6 million. Total cash and cash equivalents as of September 30, 2023, were $8.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-29.25%
Tags
earnings
-
News
Smith Micro Announces New Enhanced Solutions to SafePath® Platform for 2024
Rhea-AI Summary
Smith Micro Software, Inc. (Nasdaq: SMSI) announced new enhancements to its SafePath platform, expanding functionality to include a broader family structure and providing MNOs with tools to protect against physical and digital threats.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.7%
Tags
none
News
Smith Micro Schedules Teleconference to Announce Third Quarter and Year-to-Date 2023 Financial Results
Rhea-AI Summary
Smith Micro Software, Inc. (NASDAQ: SMSI) will report its Q3 and year-to-date 2023 financial results on November 8, 2023, after the close of regular trading. A teleconference will be held at 4:30 pm ET / 1:30 pm PT. The conference call can be accessed through dial-in or internet webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.83%
Tags
earnings
Stock SMSI logo
Smith Micro Software, Inc.

Nasdaq:SMSI

SMSI Rankings

#5091 Ranked by Market Cap
#4746 Ranked by Stock Gains
N/A Ranked by Dividends

SMSI Stock Data

20.64M
8.36M
10.73%
14.3%
1.23%
Software Publishers
Information
Link
US
Pittsburgh

About SMSI

smith micro (nasdaq: smsi) creates proven software solutions for a mobile world. in doing so, we solve acute business challenges for some of the leading global wireless service providers, cable/msos, mobile device and chipset manufacturers around the world. in addition to our wireless solutions, we create industry-leading graphics software for animators, illustrators, graphic designers and students. these products help to fuel the market with rich, animated cartoons, films and motion comics, while our wireless solutions facilitate convenient content consumption by improving the efficiency and effectiveness of the networks, devices and apps that enable our ‘mobile-first’ global society. our wireless solutions improve the quality of experience for mobile users through connectivity optimization, policy-on-device control and analytics-driven insights. these solutions also enable enterprises, brands and communication service providers to engage with their subscribers in personalized, more v