Highest-materiality recent filing
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 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 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.
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.
Max materiality 0.80 · Median 0.60 · Most common event other_material