Smith Micro reports Q2 EPS (38c) , one estimate (35c)

Reports Q2 revenue $5.1M, consensus $5.3M. “With the commercial launch of Boost Family Guard during the second quarter, our continued progress towards the upcoming launch of a SafePath(R)-based Family Safety solution with a tier one carrier in Europe, and our cost reduction initiatives, we believe we are making progress toward a return to growth, profitability and free cash flow,” said William W. Smith Jr., CEO. “We have a solid base to build from and believe we are driving toward meaningful subscriber growth across multiple carrier customers. We remain confident that the business case for SafePath is strong. It is our core belief that the overall Family Safety market is expanding, particularly in the current environment as we continue to see new initiatives and legislation across the United States and around the world with a clear focus on online safety. We plan to capitalize on this momentum and leverage it to expand the reach of our solutions.”