---
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"
generated_at: "2026-06-18T08:08:21.657379+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Smith Micro Q4 revenue $11.4M, down 22% YoY; announces $4M quarterly cost cuts

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000948708-23-000006
- JSON: https://secwatch.observer/filing/0000948708-23-000006.json
- Plain text: https://secwatch.observer/filing/0000948708-23-000006.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended December 31, 2022
  - 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
  - Result: reported results
  source text: Smith Micro reported revenue of $11.4 million for the quarter ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/948708/000094870823000006/0000948708-23-000006-index.htm
- Earnings Releases
  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.
  - Period: the fiscal year ended December 31, 2022
  - 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
  - Result: reported results
  source text: Smith Micro reported revenue of $48.5 million for the year ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/948708/000094870823000006/0000948708-23-000006-index.htm

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