{"schema_version":"secwatch.filing_event.v1","accession":"0000948708-23-000025","form_type":"8-K","ticker":"SMSI","cik":"0000948708","company_name":"SMITH MICRO SOFTWARE, INC.","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.968969+00:00","generated_at":"2026-06-15T05:38:55.060055+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Smith Micro Q1 revenue down 14% to $10.9M; net loss narrows slightly to $6.9M","bullets":["Revenue $10.9M vs $12.7M Q1 2022; gross margin 70% vs 71%.","GAAP net loss $6.9M ($0.11 per share); Non-GAAP net loss $3.6M ($0.06 per share).","Cost reduction plan expects $4M quarterly savings by Q2 2023 from resource reallocation.","Management cites new Tier 1 carrier launch on SafePath and growing pipeline for SafePath and ViewSpot.","Non-GAAP net loss $3.6M vs prior-year $3.9M; loss per share improved to $0.06 from $0.07."],"urls":{"canonical":"https://secwatch.observer/filing/0000948708-23-000025","json":"https://secwatch.observer/filing/0000948708-23-000025.json","markdown":"https://secwatch.observer/filing/0000948708-23-000025.md","text":"https://secwatch.observer/filing/0000948708-23-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/948708/000094870823000025/0000948708-23-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/948708/000094870823000025/smsi-20230511.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T05:38:55.060055+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":"b9bffd8e900ef02e21f8e1eeae54affbf4dc62ac","claim":"SMITH MICRO SOFTWARE, INC. reported first quarter ended March 31, 2023 results: revenue $10.9 million, net income $6.9 million, EPS $0.11 loss per share.","evidence_excerpt":"our SafePath and ViewSpot ® platforms, building momentum as we look at the remainder of our fiscal year.” First Quarter 2023 Financial Results Smith Micro reported revenue of $10.9 million for the quarter ended March 31, 2023, compared to $12.7 million reported in the quarter ended March 31, 2022. Gross profit for the quarter ended March 31, 2023 was $7.6 million,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/948708/000094870823000025/0000948708-23-000025-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$10.9 million"},{"label":"Net income","value":"$6.9 million"},{"label":"EPS","value":"$0.11 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"}