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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.
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End-of-Day
5.19%
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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.
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End-of-Day
-4.94%
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News
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.
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Rhea-AI Sentiment
End-of-Day
15.07%
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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.
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Rhea-AI Sentiment
End-of-Day
-29.25%
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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.
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End-of-Day
-3.7%
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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.
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Rhea-AI Sentiment
End-of-Day
-2.83%
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Enhanced family safety app launched by major US carrier, leveraging Smith Micro's SafePath platform. Represents a significant milestone for Smith Micro. Subscribers now have extensive new features and functionality. Provides leading-edge digital parenting controls and location technology.
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Rhea-AI Sentiment
End-of-Day
6.1%
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Rhea-AI Summary
Smith Micro Software, Inc. reported Q2 2023 financial results. Revenue was $10.3 million, down from $12.7 million in Q2 2022. Gross profit was $7.7 million, with a gross profit margin of 75%. GAAP net loss was $5.7 million. Non-GAAP net loss was $0.6 million. Total cash and cash equivalents were $6.4 million as of June 30, 2023.
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Rhea-AI Sentiment
End-of-Day
13.6%
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Rhea-AI Summary
Smith Micro Software, Inc. (NASDAQ: SMSI) will report its second quarter and year-to-date 2023 financial results on August 9, 2023. The news release will be followed by a teleconference at 4:30 pm ET / 1:30 pm PT. The teleconference can be accessed by dialing 1-844-701-1164 (international participants: +1-412-317-5492) and does not require a pass code. The conference call recording will be available for replay on the Smith Micro website Investor Relations section.
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
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-7.2%
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Smith Micro Software, Inc.
Nasdaq:SMSI
SMSI Rankings
SMSI Stock Data
25.73M
8.36M
10.73%
14.3%
1.23%
Software Publishers
Information
United States of America
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