secwatch.observer — SEC 8-K summary
======================================

Issuer:     SMITH MICRO SOFTWARE, INC. (SMSI)
CIK:        0000948708
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001564590-22-017904
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith Micro Q1 revenue $12.7M (+11% YoY) but net loss widens to $7.0M
---------------------------------------------------------------------

- Revenue $12.7M vs $11.4M YoY; gross profit fell to $9.1M from $9.8M; gross margin 71% vs 86%.
- GAAP net loss $7.0M ($0.13 loss per share) vs loss $3.2M ($0.07 loss) YoY.
- Non-GAAP net loss $4.3M ($0.08 loss per share) vs non-GAAP net income $0.7M ($0.02) YoY.
- Cash and equivalents $9.8M; $7.0M available under revolving credit facility.
- CEO highlights SafePath 7 launch at a Tier One U.S. wireless carrier as catalyst for future growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/948708/000156459022017904/0001564590-22-017904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/948708/000156459022017904/smsi-8k_20220504.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-017904

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