Smith Micro Software Inc Stock Price, News & Analysis

Smith Micro Software has announced the deployment of its ViewSpot retail display management software by a major mobile network operator in Spain, marking the platform's European debut. ViewSpot is now compatible with iOS, enhancing its functionality for retailers managing digital content on both iOS and Android devices. The platform allows retailers to optimize in-store demos, providing customers with essential device insights and dynamic pricing. CEO William W. Smith, Jr. highlighted the European launch and iOS compatibility as pivotal for increasing ViewSpot's market presence and revenue potential moving forward.

Smith Micro Software has announced that Ooredoo Oman has launched the SafePath Family solution, branded as Safe & Sound, providing mobile subscribers with real-time location services and parental controls for Android devices. This marks the first introduction of Smith Micro’s family safety technology in the Middle East. The app features services such as location tracking, SOS alerts, geo-fencing, and web filtering, aimed at enhancing family safety.

Smith Micro Software (NASDAQ: SMSI) will participate in the Needham & Company 23rd Annual Growth Conference from January 11-15, 2021. The company's President and CEO William W. Smith, Jr., CFO Timothy Huffmyer, and VP of Investor Relations Charles Messman will present virtually on January 12 from 2:45 to 3:25 pm Eastern Time. A live audio webcast and archived replay will be available on the Investor Relations page. For conference details, visit Needham's site.

Smith Micro Software divested its Moho 2D animation software line to Lost Marble LLC, founded by the original creator of Moho and an animator from Cartoon Saloon. This strategic move allows Smith Micro to focus entirely on their wireless solutions: SafePath, CommSuite, and ViewSpot. CEO William W. Smith, Jr. stated that the divestiture is beneficial for all parties, enabling Lost Marble to continue the Moho legacy while enhancing Smith Micro's profitability in its core business areas. The company continues to develop software that enriches mobile experiences.

Smith Micro, a software company headquartered in Pittsburgh, develops solutions for enhancing the mobile experience for wireless service providers and cable MSOs globally. Their portfolio includes products for voice messaging, digital engagement, and content monetization. Smith Micro aims to simplify the digital lifestyle for families while providing analytics and optimization tools for retail content displays.

Smith Micro Software announced the launch of SafePath Drive, a smartphone-based driver safety solution. This innovative tool detects risky driving behaviors such as acceleration and speeding, providing features like collision detection and personalized driver scores. Designed as a white-label product for wireless carriers, it strengthens the existing SafePath Family application, which includes location services and parental controls. By offering SafePath Drive, Smith Micro aims to enhance family safety and assist parents in monitoring their loved ones' driving habits.

Smith Micro Software (NASDAQ: SMSI) announced its third-quarter 2020 financial results, reporting revenues of $12.6 million, a rise from $11.8 million in Q3 2019. Gross profit increased to $11.3 million, representing 90% of revenue. However, GAAP net income decreased to $161,000 or $0.00 per diluted share, down from $3.5 million or $0.09 per diluted share year-over-year. Non-GAAP net income for Q3 2020 was $1.8 million, or $0.04 per share, compared to $4.2 million, or $0.11 per share in Q3 2019. Smith Micro remains cash-flow positive, generating $8 million in cash so far in 2020.

Smith Micro Software has launched a significant upgrade to its Connected Digital Lifestyle platform with SafePath 7, enhancing functionalities such as robust parental controls and new location features. Key upgrades include real-time tracking, age-based content filters, and support for children's wearables. This release not only strengthens the SafePath platform but also offers wireless carriers a comprehensive solution for family safety. It aims to meet the growing digital parenting needs of modern families, aligning with the increasing importance of internet connectivity and smart devices.

Smith Micro Software will report its Q3 2020 financial results after market close on November 4, 2020. The announcement will be followed by a teleconference at 4:30 PM ET, which is open to all interested parties. To participate, dial 1-844-701-1164 or +1 412-317-5492 for international calls. No passcode is necessary. Interested listeners can access the results through Smith Micro’s News Room and can also tune in to a live web broadcast of the call. A replay will be available on their Investor Relations section.