---
schema_version: "secwatch.filing_event.v1"
accession: "0000948708-23-000003"
form_type: "8-K"
ticker: "SMSI"
cik: "0000948708"
company_name: "SMITH MICRO SOFTWARE, INC."
filed_at: "2023-02-27T23:59:59+00:00"
generated_at: "2026-06-19T00:21:26.945439+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Smith Micro loses Tier 1 carrier contract for family safety; ~32% of revenue at risk

## Summary
- Received written termination notice from a U.S. Tier 1 carrier, effective June 30, 2023, with up to 180-day transition period.
- The agreement represented approximately 32% of revenues for the nine months ended September 30, 2022.
- Company conducting impairment review; cannot yet estimate potential impairment.
- Plans to reduce expenses, reallocate resources to other Tier 1 U.S. carriers and international customers.
- CEO expressed surprise and disappointment but noted diversification and cost savings acceleration.

## SEC filing metadata
- accession: 0000948708-23-000003
- form_type: 8-K
- ticker: SMSI
- cik: 0000948708
- company_name: SMITH MICRO SOFTWARE, INC.
- filed_at: 2023-02-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.06, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/948708/000094870823000003/0000948708-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/948708/000094870823000003/smsi-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000948708-23-000003
- JSON: https://secwatch.observer/filing/0000948708-23-000003.json
- Plain text: https://secwatch.observer/filing/0000948708-23-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.