SMSI
Smith Micro Software, Inc.0.5900
-0.0250-4.07%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reinforces SafePath phone moat
Q&A largely reaffirmed prepared remarks' bullish outlook on SafePath OS, with Tim providing a revenue modeling framework for carriers: family subs times ~$2 monthly times 30-50% penetration. Bill emphasized the phone strategy's moat—undeletable apps thwart kids, seniors expand reach—leaving rivals to play catch-up on hardware. Europe remains a greenfield play. Phones are the differentiator. No walk-backs; management directly tackled competition and ramp potential. Investors will watch midyear launches for growth proof.
Key Stats
Market Cap
15.07MP/E (TTM)
-Basic EPS (TTM)
-1.07Dividend Yield
0%Recent Filings
10-K
FY2025 results
Smith Micro's FY2025 revenues fell 16% y/y to $17.4M, driven by $2.3M drop in Family Safety from Sprint-to-T-Mobile migrations and a one-time deployment hit, plus $1.0M ViewSpot decline before its June divestiture for $1.3M; gross margins expanded to 74.1% amid cost cuts. Q4 momentum stayed muted as annual trends dominated, with operating expenses slashed 20% (ex-impairments, sale, D&A) via workforce reductions. Cash burned $7.2M in operations yet ended at $1.5M after $4.7M financing inflows; going concern doubts linger. Customer concentration risks quarterly hits. Nasdaq delisting looms.
8-K
Secures $4.9M notes, CEO transition
Smith Micro inked a $4.9M secured convertible notes deal on March 4, 2026, closing March 6, with CEO Smith's trust leading buyers; notes convert at $0.68/share, mature 2029 at 8% interest, secured by receivables. Proceeds repay $2.2M existing notes (with $0.9M reinvested) plus general uses—yet leadership shifts March 31 as Huffmyer grabs CEO reins from Smith, now Executive Chairman. Fresh capital bolsters runway.
8-K
Secures $1M insider loan
Smith Micro Software secured ~$1M from the Smith Living Trust—run by CEO William Smith—via a secured note at 15% interest due March 31, 2026, backed by receivables, plus a warrant exercisable at $0.68 starting August 2026. Proceeds fund working capital. Short-term bridge buys time, yet ties CEO's interests tightly to repayment.
8-K
Nasdaq grants bid price extension
8-K
CEO-led $2.65M equity raise
Smith Micro closed a registered direct offering of 1.7M shares at $0.6708, raising $1.15M gross, plus CEO's $1.5M private placement of 2.2M unregistered shares and matching warrants—totaling $2.65M before expenses—for working capital. CEO warrants await stockholder approval; others activate in six months, expiring in five years. Cash bolsters runway, but dilutes shareholders heavily.
IPO
Website
Employees
Sector
Industry
CRM
Salesforce, Inc.
254.91+0.33
JAMF
Jamf Holding Corp.
13.01+0.02
KWIK
KwikClick,Inc.
2.35+0.00
MNDO
MIND C.T.I. Ltd.
1.19+0.00
MSI
Motorola Solutions, Inc.
363.83-1.01
SMKG
Smart Card Marketing Systems, I
0.00+0.00
SMRT
SmartRent, Inc.
2.05+0.00
SMWB
Similarweb Ltd.
7.38+0.12
SVMB
Jingbo Technology Inc.
2.25+0.00
TKMO
Tekumo, Inc.
0.00-0.00