secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MICRO SOFTWARE, INC. (SMSI)
CIK:        0000948708
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001628280-24-034139
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 Q2 revenue down 50% to $5.1M; GAAP net loss $6.9M
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- Revenue $5.1M, down 50% YoY from $10.3M; gross margin 68.7% vs 75.0%.
- GAAP net loss $6.9M ($0.66 loss per share) vs $5.7M loss ($0.73 loss per share) a year ago.
- Non-GAAP net loss $4.0M ($0.38 loss per share) vs $0.6M loss ($0.08 loss per share).
- Cash $5.6M at June 30; YTD revenue $10.9M, GAAP net loss $37.9M ($3.79 loss per share).
- CEO notes Boost Family Guard launch, upcoming SafePath launch with European tier-one carrier, and cost reductions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/948708/000162828024034139/0001628280-24-034139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/948708/000162828024034139/smsi-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-034139

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