Smith Micro Q1 revenue down 21% YoY to $4.6M; GAAP net loss narrows to $5.2M

SMITH MICRO SOFTWARE, INC.

2025-Q1 EPS reported -$0.28 revenue$4,621,000

Revenue $4.6M vs $5.8M in Q1 2024, down 21%.
GAAP net loss $5.2M ($0.28 loss per share) vs $31.0M ($3.28 loss per share) in Q1 2024.
Non-GAAP net loss $2.9M ($0.16 loss per share) vs $4.2M ($0.45 loss per share).
Gross margin improved to 72.8% from 65.7%.
Company focusing on SafePath OS for kids/senior phones and upcoming SafePath 8 launch.

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