secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MICRO SOFTWARE, INC. (SMSI)
CIK:        0000948708
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0000948708-22-000032
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 Q3 revenue falls 29% to $11.7M; non-GAAP loss per share $0.09
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- Revenue $11.7M vs $16.4M a year ago; gross margin 69% vs 78%.
- GAAP net loss $7.3M ($0.13 loss per share) improved from $18.6M loss ($0.34) in Q3 2021.
- Non-GAAP net loss $5.2M ($0.09 loss per share) vs $0.3M loss ($0.00) a year ago.
- Cash and equivalents $19.0M as of September 30, 2022.
- CEO cites SafePath migration nearing completion and sequential cost reduction from Avast acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/948708/000094870822000032/0000948708-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/948708/000094870822000032/smsi-20221109.htm
  HTML page:      https://secwatch.observer/filing/0000948708-22-000032

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