earnings
confidence high
sentiment negative
materiality 0.80
Smith Micro Q3 revenue falls 58% YoY to $4.6M; GAAP loss $0.54/share
SMITH MICRO SOFTWARE, INC.
2024-Q3 EPS reported
-$4.17
revenue$15,585,000
- Revenue of $4.6M, down from $11.0M YoY; GAAP net loss $6.4M ($0.54 loss per share).
- Non-GAAP net loss $3.6M ($0.30 loss per share) vs non-GAAP gain of $0.6M a year ago.
- Cost reduction achieved $1.9M quarterly savings toward $2.0M target; CEO invested $3M in Oct capital raise.
- Cash and equivalents $1.5M; management targets non-GAAP profitability and free cash flow in 2025.