Highest-materiality recent filing
Smith Micro regains Nasdaq minimum bid price compliance after stock closes above $1.00 for 10 days
Company received Nasdaq notification on June 23, 2026 that it regained compliance with Minimum Bid Price Requirement.
Smith Micro raises ~$1.6M via warrant inducement; existing warrants exercised at $3.35
Holders exercised warrants for 487,349 shares at reduced price of $3.35 (from $5.20), raising ~$1.6M gross proceeds.
Smith Micro stockholders approve 1:5 reverse stock split effective June 4, 2026
Stockholders approved reverse stock split ratio range (1:3 to 1:10); Board set final ratio at 1:5.
Smith Micro Q1 revenue $4.2M, GAAP net loss narrows to $0.15 per share
Revenue of $4.2M vs $4.6M YoY; gross margin improved to 78.4% from 72.8%.
Smith Micro Q4 revenue down 20% YoY, CEO transition, $4.9M convertible note with warrants
Q4 2025 revenue $4.0M vs $5.0M YoY; GAAP net loss $4.7M ($0.20 loss per share).
Smith Micro secures $1M secured loan from CEO trust at 15% interest, matures March 31, 2026
Gross proceeds ~$1M: ~$815K loan + ~$185K for warrant purchase from William W. Smith, Jr.'s trust.
Smith Micro receives Nasdaq extension to June 2026 for minimum bid price compliance
Received Nasdaq notice granting 180-day extension until June 22, 2026 to regain $1.00 minimum bid price compliance.
Smith Micro raises $2.65M in offerings; CEO invests $1.5M
Total gross proceeds of ~$2.65M from two concurrent offerings; CEO Bill Smith commits $1.5M.
Smith Micro Q3 2025 revenue $4.3M, net loss $5.2M ($0.25 per share)
Revenue of $4.3M, down from $4.6M YoY; gross margin 73.9% vs 71.6%.
Smith Micro shareholders approve issuance of shares underlying warrants from July 2025 SPA
Special meeting on Oct 16, 2025: 11,159,156 shares (52%) voted, quorum achieved.
Smith Micro secures $400K in 15% notes due March 2026 with warrants
$400,000 aggregate principal from accredited investors; 15% annual interest, due March 31, 2026.
Smith Micro raises ~$933k from CEO & CFO via secured 15% notes with warrants
CEO Smith loaned $709,706 and bought warrants for $123,293; COO/CFO Huffmyer loaned $85,030 and bought warrants for $14,970.
Smith Micro Q2 revenue $4.4M (-14% YoY); GAAP loss $15.1M; expects H2 growth
Q2 revenue $4.4M vs $5.1M YoY; GAAP net loss $15.1M ($0.78 loss/share) vs $6.9M loss in prior year.
Smith Micro raises ~$1.5M in registered direct offering plus warrants at $0.93/share
Gross proceeds of ~$1.5M from sale of 1,612,903 shares at $0.93/sh and warrants exercisable at $1.20 for 5 years.
Smith Micro receives Nasdaq delisting notice for bid price below $1.00
Nasdaq letter on June 23, 2025 cites non-compliance with $1.00 minimum bid price for 30 consecutive days.
Smith Micro stockholders approve all five proposals at 2025 annual meeting
Elected directors Andrew Arno and Samuel Gulko with ~7.9M and ~7.7M for; 3.4M broker non-votes.
Smith Micro appoints Tim Huffmyer as COO/CFO; replaces James Kempton
Tim Huffmyer appointed COO and CFO, effective June 9, 2025; James Kempton departs June 6, 2025.
Smith Micro Q1 revenue down 21% YoY to $4.6M; GAAP net loss narrows to $5.2M
Revenue $4.6M vs $5.8M in Q1 2024, down 21%.
Smith Micro Q4 revenue $5.0M (-42% YoY); GAAP net loss $4.4M
Q4 revenue $5.0M vs $8.6M YoY; full-year revenue $20.6M vs $40.9M.
Smith Micro Software regains Nasdaq minimum bid price compliance
Received Nasdaq notice Nov 26, 2024 for bid price deficiency (Rule 5550(a)(2)).
Smith Micro stockholders approve issuance of warrants allowing CEO to own over 20% of common stock
At special meeting Dec 10, 2024, holders representing 53.25% of outstanding shares (8,082,863) constituted quorum.
Smith Micro Software receives Nasdaq minimum bid price non-compliance notice
Received Nasdaq letter on Nov 26, 2024: closing bid price below $1.00 for 30 consecutive business days.
Smith Micro Q3 revenue falls 58% YoY to $4.6M; GAAP loss $0.54/share
Revenue of $4.6M, down from $11.0M YoY; GAAP net loss $6.4M ($0.54 loss per share).
Smith Micro special meeting adjourned to Dec 10 due to lack of quorum
Special meeting of stockholders on Nov 12 lacked quorum; adjourned to Dec 10, 2024 at 11:00 a.m. ET.
Smith Micro raises $6.9M in concurrent offerings; CEO invests $3M
Registered direct offering: 3,321,881 shares at $1.165/share, gross ~$3.87M.
Smith Micro Q2 revenue down 50% to $5.1M; GAAP net loss $6.9M
Revenue $5.1M, down 50% YoY from $10.3M; gross margin 68.7% vs 75.0%.
All three director nominees elected: Campbell (2.28M for), Elfman (2.35M), Keddy (3.28M).
Smith Micro raises $4.1M in follow-on offering of 1.91M shares/equivalents at $2.15
Gross proceeds $4.1M from 1,910,000 common stock/equivalents at $2.15 per unit; warrants for 1,910,000 shares at $2.34.
Smith Micro Q1 revenue falls 47% to $5.8M; GAAP net loss $31.0M
Revenue $5.8M, down 47% from $10.9M YoY.
Smith Micro regains Nasdaq minimum bid price compliance
Stock closed at or above $1.00 for 12 consecutive business days (April 11-26, 2024).
Smith Micro approves 1-for-8 reverse stock split to regain Nasdaq compliance
Ratio of 1:8 approved by Board after stockholder vote; effective 11:59 p.m. ET on April 10, 2024.
Smith Micro expects material non-cash goodwill impairment charge in Q1 2024
Triggered by sustained decline in share price and market cap since Feb 23, 2024.
Smith Micro Q4 revenue $8.6M (-25% YoY); proposes reverse stock split 1:4-1:10
Q4 2023 revenue $8.6M, down from $11.4M in Q4 2022; GAAP net loss $6.7M ($0.09 loss/share) vs $8.0M loss a year ago.
Smith Micro receives Nasdaq deficiency notice for bid price below $1.00
Nasdaq notified Smith Micro on Dec 27, 2023 that common stock bid price was below $1.00 for 30 consecutive days.
Smith Micro Q3 revenue $11M, GAAP loss $0.08/shr, non-GAAP profit $0.01/shr, cash flow $1.5M
Sequential revenue growth to $11.0M from $10.3M Q2; gross margin improved to 77% vs 69% YoY.
Smith Micro posts Q2 revenue $10.3M, GAAP net loss $5.7M; targets Q3 non-GAAP profitability
Revenue $10.3M in Q2 2023, down from $12.7M YoY; gross margin improved to 75% from 71%.
Smith Micro board sets annual say-on-pay frequency after stockholder vote
Stockholders voted at 2023 annual meeting in favor of annual say-on-pay frequency, consistent with board recommendation.
Smith Micro stockholders reject charter amendment; 3 directors elected
Stockholders voted against proposed amendment and restatement of certificate of incorporation (22,050,503 for, 9,015,408 against, 310,042 abstain).
Smith Micro Q1 revenue down 14% to $10.9M; net loss narrows slightly to $6.9M
Revenue $10.9M vs $12.7M Q1 2022; gross margin 70% vs 71%.
Smith Micro Software cuts executive salaries and director fees by 10% until profitability
10% reduction in base salaries for executive team including CEO, CFO, and named executive officers effective March 14, 2023.
Smith Micro Q4 revenue $11.4M, down 22% YoY; announces $4M quarterly cost cuts
GAAP net loss Q4 $8.0M ($0.14/share) vs $4.0M loss ($0.07) last year; FY loss $29.3M ($0.53) vs $31.0M ($0.61).
Smith Micro loses Tier 1 carrier contract for family safety; ~32% of revenue at risk
Received written termination notice from a U.S. Tier 1 carrier, effective June 30, 2023, with up to 180-day transition period.
Smith Micro Q3 revenue falls 29% to $11.7M; non-GAAP loss per share $0.09
Revenue $11.7M vs $16.4M a year ago; gross margin 69% vs 78%.
Smith Micro Q2 revenue down 20% YoY to $12.7M; GAAP loss widens to $0.15/share
Revenue $12.7M vs $15.9M in Q2 2021; gross margin fell to 71% from 79%.
Smith Micro raises $18M via $15M convertible notes and $3M registered direct offering
Issued $15M senior secured convertible notes with conversion price of $3.35/share (20% premium to 15-day VWAP) and warrants for 2.2M shares at $3.35.
Smith Micro stockholders elect directors, approve say-on-pay, ratify auditor
Andrew Arno elected with 20.7M for, 1.8M withheld, 14.2M broker non-votes; Samuel Gulko elected with 21.2M for, 1.3M withheld.
Smith Micro enters separation agreement with former SVP Sales Gail Redmond
Cash payment of $99,615 to Redmond, plus 4 months COBRA premium payment.
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%.
Smith Micro SVP Sales Worldwide Gail Redmond resigns effective May 2
Gail Redmond resigned as Senior Vice President, Sales Worldwide on May 2, 2022.
Smith Micro adds Asha Keddy (Intel VP) and Chetan Sharma to board
Board expanded from 6 to 8 directors, effective April 11, 2022.
In his capacity as Chief Financial Officer, Mr. Huffmyer will succeed James M. Kempton, who will depart from the Company on June 6, 2025.
On May 27, 2025, Smith Micro Software, Inc. (the “Company”) announced the appointment of Timothy C. Huffmyer as Vice President, Chief Operating Officer and Chief Financial Officer of the Company, effective June 9, 2025.
Gail Redmond, the Company’s former Senior Vice President, Sales Worldwide, who, as previously reported, resigned from her employment with the Company on May 2, 2022
On May 2, 2022, Gail Redmond resigned from her employment as Senior Vice President, Sales Worldwide of Smith Micro Software, Inc. (the “Company”).
elected Asha Keddy and Chetan Sharma to the Board effective April 11, 2022
elected Asha Keddy and Chetan Sharma to the Board effective April 11, 2022
On October 6, 2021, as described more fully below, Smith Micro Software, Inc. (the “Company”), announced that Mr. James M. Kempton has been appointed as the Company’s Vice President and Chief Financial Officer, effective November 3, 2021.
On such date, Mr. Michael K. Fox, who currently serves as the Company’s Interim Chief Financial Officer will step down from that role.
On August 12, 2021, Smith Micro Software, Inc. (the “Company”) announced that Michael K. Fox has been appointed as Interim Vice President, Finance of the Company effective as of August 10, 2021 and will become the Interim Chief Financial Officer as of the date when Tim Huffmyer, the Company’s current Chief Financial Officer, vacates that office, which, as previously disclosed, is expected to be on or about September 3, 2021.
Tim Huffmyer, the Company’s current Chief Financial Officer, vacates that office, which, as previously disclosed, is expected to be on or about September 3, 2021.
On July 14, 2021, Timothy C. Huffmyer informed Smith Micro Software, Inc. (the “Company”) of his decision to resign as Vice President, Chief Financial Officer, Treasurer and Secretary (principal accounting and financial officer) of the Company, effective as of September 3, 2021.
Max materiality 0.85 · Median 0.65 · Most common event other_material