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Smith Micro (SMSI)
:SMSI
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.28Last Year’s EPS
-0.16Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 28.41%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
The call highlighted new growth opportunities with SafePath OS and significant cost savings achieved, aiming for profitability in 2025. However, it also revealed substantial revenue declines and increased net losses compared to the previous year.Company Guidance
During the Q3 2024 earnings call for Smith Micro Software (SMSI), the company outlined key financial metrics and guidance for the future. Revenue for the third quarter was reported at $4.6 million, a significant decrease of 58% from the previous year, primarily due to the conclusion of the Verizon Family Safety Contract and a decline in Sprint Safe and Found revenue. Despite this, the company anticipates an increase in revenue for Q4 2024, projecting between $5 million and $5.2 million, bolstered by new initiatives like the SafePath OS and partnerships with carriers. Operating expenses for the third quarter were reduced by $1.9 million, with further reductions expected in Q4, aiming for a total quarterly savings between $2.4 million and $2.8 million. The company's strategic focus is on returning to profitability and generating free cash flow by 2025, with a break-even level projected around $7 million per quarter. Additionally, Smith Micro highlighted strong interest and upcoming deployments for SafePath OS, expected to contribute significantly to revenues in 2025. The company also completed a capital raise in October 2024, grossing approximately $6.9 million.SafePath OS Deployment
Smith Micro expects to sign its first contract for the deployment of its SafePath OS solution with a U.S.-based MVNO, with the first deployments expected in Q1 2025. This is anticipated to contribute meaningfully to 2025 revenues.
Cost Savings Achieved
Smith Micro achieved $1.9 million in cost reductions in Q3 2024, nearing its Q4 target of $2.4 million to $2.8 million in quarterly savings, which are expected to aid in returning to profitability in 2025.
CommSuite Revenue Growth
CommSuite revenue increased by $100,000 compared to Q2 2024 due to subscriber growth on the Boost CommSuite premium visual voicemail platform, marking over 20% growth.
Capital Raise Completed
Smith Micro completed a capital raise grossing approximately $6.9 million in cash, enhancing its cash position.
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SMSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SMSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $0.88 | $0.85 | -3.41% |
| Aug 01, 2024 | $2.48 | $1.98 | -20.16% |
| May 08, 2024 | $2.45 | $2.34 | -4.49% |
| Feb 22, 2024 | $6.54 | $3.89 | -40.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Smith Micro (SMSI) report earnings?
Smith Micro (SMSI) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Smith Micro (SMSI) earnings time?
Smith Micro (SMSI) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMSI EPS forecast?
SMSI EPS forecast for the fiscal quarter 2024 (Q4) is -0.28.
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