secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MICRO SOFTWARE, INC. (SMSI)
CIK:        0000948708
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0000948708-23-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith Micro posts Q2 revenue $10.3M, GAAP net loss $5.7M; targets Q3 non-GAAP profitability
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- Revenue $10.3M in Q2 2023, down from $12.7M YoY; gross margin improved to 75% from 71%.
- GAAP net loss $5.7M ($0.09 loss per share) vs $8.5M ($0.15 loss) in Q2 2022; non-GAAP net loss $0.6M.
- Completed merger of acquisition code into SafePath platform; achieved $4M cost savings vs Q4 2022.
- Expects return to growth, improved margins, and non-GAAP profitability in Q3 2023; cash $6.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/948708/000094870823000031/0000948708-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/948708/000094870823000031/smsi-20230809.htm
  HTML page:      https://secwatch.observer/filing/0000948708-23-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer