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 (NASDAQ: SMSI) reported a third quarter revenue of $16.4 million, up from $12.6 million year-over-year. Gross profit increased to $12.8 million, but the margin fell to 78% from 90%. A GAAP net loss of $18.6 million or $0.34 per share was reported, contrasting with a net income of $161 thousand in Q3 2020. Non-GAAP results showed a net loss of $258 thousand versus $1.8 million income last year. Cash equivalents were $32.4 million at the end of Q3 2021. The company highlighted progress in partnerships with Tier 1 carriers and demand for family safety services.
Smith Micro Software, Inc. (NASDAQ: SMSI) will report its third quarter 2021 financial results on November 10, 2021, after market close. A teleconference will follow at 4:30 PM ET. The call is open to investors and will provide insights into the company's performance. Access details include dialing 1-844-701-1164 or joining via an internet webcast available on Smith Micro's website. For more details, visit the News Room.
Smith Micro Software (NASDAQ: SMSI) announced the appointment of James M. Kempton as Chief Financial Officer, effective November 3, 2021. Kempton, formerly with L.B. Foster Company as Corporate Controller, succeeds Michael Fox, who served as Interim CFO since September 2021. Kempton's leadership and experience are expected to strengthen Smith Micro’s financial strategies.
William W. Smith, Jr., President and CEO, expressed confidence in Kempton's ability to drive the company's growth. The transition follows the resignation of previous CFO Tim Huffmyer.
Smith Micro Software has appointed Mike Fox as the interim Chief Financial Officer following Tim Huffmyer's departure. Fox, a seasoned finance executive with over 25 years of experience, will serve in this role while the company seeks a permanent CFO. This transition comes as part of Smith Micro's ongoing efforts to enhance its leadership team amidst a challenging market. The company continues to develop innovative software solutions to improve mobile experiences, targeting leading wireless service providers and cable MSOs worldwide.
Smith Micro Software (NASDAQ: SMSI) released its second quarter financial results for 2021, reporting revenue of $15.9 million, up from $12.9 million in Q2 2020. Gross profit increased to $12.6 million, with a margin of 79%, although down from 90% year-over-year. The company reported a GAAP net loss of $5.2 million compared to a net income of $1.4 million in the prior year. Non-GAAP results showed a loss of $307 thousand against a profit of $3.0 million last year. Total cash as of June 30, 2021, was $29.9 million.
Smith Micro Software, Inc. (NASDAQ: SMSI) will report its Q2 2021 financial results on August 4, 2021, after regular trading hours. A teleconference for stakeholders is scheduled for 4:30 PM ET / 1:30 PM PT. Participants can join by dialing 1-844-701-1164 for domestic calls or +1 412-317-5492 for international calls, without needing a passcode. The call will also be available via an internet webcast at smsi.me/3kjc6Fs, and a replay will be accessible in the Investor Relations section of their website.
Smith Micro Software, Inc. (NASDAQ: SMSI) announces the resignation of CFO Tim Huffmyer, who will assist in the transition for the next seven weeks. Huffmyer expressed confidence in the company’s future success. The board has initiated a search for a new CFO, engaging a national executive search firm to aid in the process. President and CEO William W. Smith, Jr. acknowledged Huffmyer's contributions during his tenure. Smith Micro, known for software solutions enhancing mobile experiences for leading wireless providers, continues to focus on innovation and customer engagement.
Smith Micro Software will co-host an analyst-led webinar on July 13, 2021, titled Smartphones: Dangerous Distraction or Driver Safety Companion?. The webinar aims to discuss findings from Smith Micro’s recent Distracted Driving Survey, emphasizing parental concerns about teen driver safety and how technology can aid in teaching safe driving habits. The event features speakers Eytan Urbas, Vice President of Corporate Strategy, and Steve Bell, Principal Analyst and Director at Wards Intelligence. Parents' willingness to use driver safety monitoring technology will be a key topic.
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