{"schema_version":"secwatch.filing_event.v1","accession":"0000948708-23-000006","form_type":"8-K","ticker":"SMSI","cik":"0000948708","company_name":"SMITH MICRO SOFTWARE, INC.","filed_at":"2023-03-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.686808+00:00","generated_at":"2026-06-18T08:08:21.657379+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Smith Micro Q4 revenue $11.4M, down 22% YoY; announces $4M quarterly cost cuts","bullets":["GAAP net loss Q4 $8.0M ($0.14/share) vs $4.0M loss ($0.07) last year; FY loss $29.3M ($0.53) vs $31.0M ($0.61).","Non-GAAP net loss Q4 $4.3M ($0.08/share) vs $2.4M ($0.04); FY non-GAAP loss $18.8M ($0.34) vs $2.2M ($0.04).","Revenue for full year 2022 was $48.5M, down from $58.4M in 2021; gross margin fell from 78% to 71%.","Company plans to reduce quarterly expenses by $4M and return to profitability in Q2 2023, but no later than Q3.","Cash and cash equivalents at Dec 31, 2022 were $14.0M."],"urls":{"canonical":"https://secwatch.observer/filing/0000948708-23-000006","json":"https://secwatch.observer/filing/0000948708-23-000006.json","markdown":"https://secwatch.observer/filing/0000948708-23-000006.md","text":"https://secwatch.observer/filing/0000948708-23-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/948708/000094870823000006/0000948708-23-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/948708/000094870823000006/smsi-20230309.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T08:08:21.657379+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2426c34ba182b059dbbc43f9d4fc492c6cabff14","claim":"SMITH MICRO SOFTWARE, INC. reported the quarter ended December 31, 2022 results: revenue $11.4 million, net income GAAP net loss for the quarter ended December 31, 2022 was $8.0 million, or $0.14 loss per share, EPS $0.14 loss per share.","evidence_excerpt":"Smith Micro reported revenue of $11.4 million for the quarter ended December 31, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/948708/000094870823000006/0000948708-23-000006-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2022"},{"label":"Revenue","value":"$11.4 million"},{"label":"Net income","value":"GAAP net loss for the quarter ended December 31, 2022 was $8.0 million, or $0.14 loss per share"},{"label":"EPS","value":"$0.14 loss per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"dac6bd71d6a02e3d00791dec0b31c8deb2a7c660","claim":"SMITH MICRO SOFTWARE, INC. reported the fiscal year ended December 31, 2022 results: revenue $48.5 million, net income GAAP net loss for the year ended December 31, 2022 was $29.3 million, or $0.53 loss per share, EPS $0.53 loss per share.","evidence_excerpt":"Smith Micro reported revenue of $48.5 million for the year ended December 31, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/948708/000094870823000006/0000948708-23-000006-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$48.5 million"},{"label":"Net income","value":"GAAP net loss for the year ended December 31, 2022 was $29.3 million, or $0.53 loss per share"},{"label":"EPS","value":"$0.53 loss per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}