secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MICRO SOFTWARE, INC. (SMSI)
CIK:        0000948708
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0000948708-24-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith Micro Q3 revenue falls 58% YoY to $4.6M; GAAP loss $0.54/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/948708/000094870824000034/0000948708-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/948708/000094870824000034/smsi-20241113.htm
  HTML page:      https://secwatch.observer/filing/0000948708-24-000034

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