secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MICRO SOFTWARE, INC. (SMSI)
CIK:        0000948708
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0000948708-22-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith Micro Q2 revenue down 20% YoY to $12.7M; GAAP loss widens to $0.15/share
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- Revenue $12.7M vs $15.9M in Q2 2021; gross margin fell to 71% from 79%.
- GAAP net loss $8.5M ($0.15 loss per share) vs $5.2M loss ($0.10) prior year.
- Non-GAAP net loss $5.1M ($0.09 loss) compared to $0.3M loss ($0.01) year ago.
- Cash $5.4M plus $7.0M revolver availability; total liquidity $12.4M.
- CEO expects operating expense reductions starting Q3 as acquisition integration nears completion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/948708/000094870822000012/0000948708-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/948708/000094870822000012/smsi-20220811.htm
  HTML page:      https://secwatch.observer/filing/0000948708-22-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer