---
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"
generated_at: "2026-06-15T05:38:55.060055+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Smith Micro Q1 revenue down 14% to $10.9M; net loss narrows slightly to $6.9M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000948708-23-000025
- JSON: https://secwatch.observer/filing/0000948708-23-000025.json
- Plain text: https://secwatch.observer/filing/0000948708-23-000025.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2023
  - Revenue: $10.9 million
  - Net income: $6.9 million
  - EPS: $0.11 loss per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/948708/000094870823000025/0000948708-23-000025-index.htm

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