Smith Micro Q3 revenue $11M, GAAP loss $0.08/shr, non-GAAP profit $0.01/shr, cash flow $1.5M

SMITH MICRO SOFTWARE, INC.

2023-Q3 EPS reported -$0.28 revenue$32,269,000

Sequential revenue growth to $11.0M from $10.3M Q2; gross margin improved to 77% vs 69% YoY.
GAAP net loss $5.1M ($0.08/shr) improved from $5.8M ($0.10/shr) YoY.
Non-GAAP net income $0.6M ($0.01/shr) vs non-GAAP loss of $4.9M YoY.
Generated $1.5M cash flow from operations; cash balance $8.0M.
CEO notes SafePath launch at another Tier 1 carrier and exceeded cost reduction targets.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SMITH MICRO SOFTWARE, INC. reported financial results for the three and nine months ended September 30, 2023.

Period: the three and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 8, 2023, Smith Micro Software, Inc. issued a press release announcing its financial results for the three and nine months ended September 30, 2023.

View on SEC.gov

50 earnings releases filed in the last 30 days. Browse all earnings releases →

SMITH MICRO SOFTWARE, INC. filing history →

Source: SEC EDGAR

accession 0000948708-23-000035

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.