secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MICRO SOFTWARE, INC. (SMSI)
CIK:        0000948708
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000948708-24-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith Micro Q1 revenue falls 47% to $5.8M; GAAP net loss $31.0M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/948708/000094870824000017/0000948708-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/948708/000094870824000017/smsi-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000948708-24-000017

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