{"schema_version":"secwatch.filing_event.v1","accession":"0000948708-24-000017","form_type":"8-K","ticker":"SMSI","cik":"0000948708","company_name":"SMITH MICRO SOFTWARE, INC.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.583850+00:00","generated_at":"2026-06-02T15:14:56.904251+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Smith Micro Q1 revenue falls 47% to $5.8M; GAAP net loss $31.0M","bullets":["Revenue $5.8M, down 47% from $10.9M YoY.","GAAP net loss $31.0M ($3.28 loss per share); non-GAAP loss $4.2M ($0.45 loss).","Cash and equivalents $6.2M as of March 31, 2024.","Plans to launch SafePath Global and reduce cost structure; European Tier 1 MNO expected H2 2024.","1-for-8 reverse stock split effective April 10, 2024, retroactively adjusted per share data."],"urls":{"canonical":"https://secwatch.observer/filing/0000948708-24-000017","json":"https://secwatch.observer/filing/0000948708-24-000017.json","markdown":"https://secwatch.observer/filing/0000948708-24-000017.md","text":"https://secwatch.observer/filing/0000948708-24-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/948708/000094870824000017/0000948708-24-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/948708/000094870824000017/smsi-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T15:14:56.904251+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":"830d27678f740ff0da7e19d902e57748663fe5d0","claim":"SMITH MICRO SOFTWARE, INC. reported first quarter ended March 31, 2024 results: revenue $5.8 million, net income $31.0 million net loss, EPS $3.28 loss per share.","evidence_excerpt":"Smith Micro reported revenue of $5.8 million for the quarter ended March 31, 2024, compared to $10.9 million reported in the quarter ended March 31, 2023. Gross profit for the quarter ended March 31, 2024 was $3.8 million, compared to $7.6 million for the quarter ended March 31, 2023. Gross profit as a percentage of revenue was 65.7 percent for the quarter ended March 31, 2024, compared to 70.0 percent for the quarter ended March 31, 2023. GAAP net loss for the quarter ended March 31, 2024 was $31.0 million, or $3.28 loss per share, compared to GAAP net loss of $6.9 million, or $0.97 loss per share, for the quarter ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/948708/000094870824000017/0000948708-24-000017-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$5.8 million"},{"label":"Net income","value":"$31.0 million net loss"},{"label":"EPS","value":"$3.28 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"}