SMITH MICRO SOFTWARE, INC. (SMSI): restructuring charge — Smith Micro expects material non-cash goodwill impairment charge in Q1 2024

SMITH MICRO SOFTWARE, INC.

Triggered by sustained decline in share price and market cap since Feb 23, 2024.
Concluded on April 4, 2024 that carrying value > fair value, requiring material non-cash goodwill impairment.
No estimate of charge amount yet; update will be provided via 8-K amendment or 10-Q.
Charge is non-cash; no expected impact on cash expenditures or compliance with agreements.

item 2.06

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.7

SMITH MICRO SOFTWARE, INC. announced a impairment affecting single reporting unit (goodwill).

Type: impairment
Affected area: single reporting unit (goodwill)

Exact text from the filing

the Company concluded on April 4, 2024 that the carrying value of the Company’s single reporting unit exceeded its fair value and that a material non-cash pretax impairment charge related to goodwill will be required under generally accepted accounting principles for the first quarter of 2024

View on SEC.gov

6 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

SMITH MICRO SOFTWARE, INC. filing history →

Source: SEC EDGAR

accession 0000948708-24-000015

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.