Smith Micro develops software to simplify and enhance the mobile experience, providing solutions to some of the leading wireless service providers and cable MSOs around the world. From enabling the family digital lifestyle to providing powerful voice messaging capabilities, our solutions enrich today's connected lifestyles while creating new opportunities to engage consumers via smartphones and consumer IoT devices. The Smith Micro portfolio also includes a wide range of products for creating, sharing and monetizing rich content, such as visual voice messaging, optimizing retail content display and performing analytics on any product set.

Company profile
Ticker
SMSI
Exchange
Website
CEO
William Smith
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Microsoft • Oracle • BlackBerry • NortonLifeLock • Activision Blizzard • Vmware • Adobe • Ceridian HCM Holding • McAfee • Electronic Arts ...
Former names
SMITH MICRO SOFTWARE INC, SMITH MICRO SOFTWARE, INC
SEC CIK
Corporate docs
Subsidiaries
Smith Micro Software d.o.o. • Core Mobility, Inc. • Smith Micro Software, Unipessoal Lda, a Portuguese corporation • Smith Micro Software CZ s.r.o. • Smith Micro Software SK s.r.o. • Smith Micro Software, LLC ...
IRS number
330029027
SMSI stock data
News

Stocks That Hit 52-Week Lows On Wednesday
22 Jun 22
12 Information Technology Stocks Moving In Friday's After-Market Session
10 Jun 22
Stocks That Hit 52-Week Lows On Tuesday
24 May 22
Smith Micro (SMSI) Stock Ready to Inflect When Revenue Flows From Deals with T-Mobile (TMUS), AT&T (T) and Verizon
17 May 22
Stocks That Hit 52-Week Lows On Friday
6 May 22
Press releases
Smith Micro Reports First Quarter 2022 Financial Results
4 May 22
Smith Micro Welcomes Sales Leader Von Cameron as Chief Revenue Officer
4 May 22
Smith Micro Schedules Teleconference to Discuss First Quarter 2022 Financial Results
27 Apr 22
Smith Micro Appoints New Members to the Board of Directors
12 Apr 22
Smith Micro Announces $7.0 Million Revolving Credit Facility
5 Apr 22
Investment data
Securities sold
Number of investors
Calendar
5 May 22
2 Jul 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 9.83M | 9.83M | 9.83M | 9.83M | 9.83M | 9.83M |
Cash burn (monthly) | 2.08M | 6.62M | 2.33M | 2.89M | 2.2M | 1.93M |
Cash used (since last report) | 6.38M | 20.29M | 7.14M | 8.86M | 6.73M | 5.93M |
Cash remaining | 3.45M | -10.46M | 2.69M | 969.6K | 3.1M | 3.9M |
Runway (months of cash) | 1.7 | -1.6 | 1.2 | 0.3 | 1.4 | 2.0 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Jun 22 | William W Smith JR | Common Stock | Payment of exercise | Dispose F | No | No | 2.62 | 6,478 | 16.97K | 455,339 |
18 May 22 | William W Smith JR | Common Stock | Payment of exercise | Dispose F | No | No | 2.6 | 6,479 | 16.85K | 461,817 |
18 May 22 | James M Kempton | Common Stock | Payment of exercise | Dispose F | No | No | 2.56 | 288 | 737.28 | 112,604 |
19 Apr 22 | James M Kempton | Common Stock | Payment of exercise | Dispose F | No | No | 3.56 | 352 | 1.25K | 112,892 |
Institutional ownership, Q1 2022
26.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 71 |
Opened positions | 9 |
Closed positions | 21 |
Increased positions | 24 |
Reduced positions | 29 |
13F shares | Current |
---|---|
Total value | 130.66M |
Total shares | 14.55M |
Total puts | 272.6K |
Total calls | 699.2K |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 2.7M | $10.19M |
Vanguard | 2.62M | $9.88M |
Pacific Ridge Capital Partners | 2.18M | $8.22M |
Geode Capital Management | 901.37K | $3.4M |
STT State Street | 708.76K | $2.67M |
Renaissance Technologies | 580.3K | $2.19M |
ATAC Neuberger Berman | 519.85K | $1.96M |
Dimensional Fund Advisors | 457.77K | $1.73M |
NTRS Northern Trust | 413.31K | $1.56M |
Susquehanna International | 389.33K | $1.47M |
Financial report summary
?Risks
- We derive a significant portion of our revenues from sales to a concentrated number of clients, and a reduction in sales to any of them may adversely impact our revenues and operating results.
- Our growth depends in part on our customers’ ability and willingness to timely launch and deliver our products and services, to promote our products and services and to attract and retain new end user customers or achieve other goals outside of our control.
- Security breaches, improper access to or disclosure of our data, our customers’ data or their end users’ data, other hacking attacks on our systems or the third-party systems that we use, or other cyber incidents and privacy breaches could harm our reputation and adversely affect our business.
- We rely on our ability and/or customers’ ability to distribute our mobile software applications to their end users through third party mobile software application stores, which we do not control. Changes in the application stores’ policies and/or terms of service and other barriers to our distribution via mobile software application stores may seriously harm our ability to maintain and/or grow the subscriber base for our products and services and could materially and adversely affect our financial condition and results of operations.
- Our products may contain undetected software defects, which could negatively affect our revenues.
- We derive a significant portion of our revenues from wireless carriers, and changes within this vertical market, or failure to penetrate new markets, could adversely impact our revenues and operating results.
- Our results of operations and financial condition may be adversely affected by public health epidemics, including the ongoing COVID-19 global health pandemic.
- Competition within our target markets is intense and includes numerous established competitors and new entrants, which could negatively affect our revenues and results of operations.
- Our business, financial condition and operating results could be adversely affected as a result of legal, business, and economic risks specific to international operations.
- Evolving information security and data privacy laws and regulations may result in increased compliance costs, impediments to the development or performance of our offerings, and monetary or other penalties.
- Regulations affecting our customers and our business and future regulations, to which they or we may become subject, may harm our business.
- If we fail to meet the requirements for continued listing on the NASDAQ Stock Market, our common stock could be delisted from trading on NASDAQ, which would likely reduce the liquidity of our common stock and could cause our trading price to decline.
- We may raise additional capital through the issuance of equity or convertible debt securities or by entering into borrowing arrangements in order to meet our capital needs. Additional funds to allow us to meet our capital needs may not be available on terms acceptable to us or at all.
- The Company has a history of net losses and may incur substantial net losses in the future.
- If we are unable to meet our obligations as they become due over the next twelve months, the Company may not be able to continue as a going concern.
- Our operating income or loss may continue to change due to shifts in our sales mix and variability in our operating expenses.
- Our acquisitions of companies or technologies may disrupt our business and divert management attention and cause our other operations to suffer.
- We rely directly and indirectly on third-party intellectual property and licenses, which may not be available on commercially reasonable terms or at all.
- Our quarterly revenues and operating results are difficult to predict and could fall below analyst or investor expectations, which could cause the price of our common stock to fall.
Management Discussion
- The table below sets forth certain statements of operations and comprehensive loss data expressed as a percentage of revenues for the three months ended March 31, 2022 and 2021. Our historical results are not necessarily indicative of the operating results that may be expected in the future.
- Revenues. Revenues were $12.7 million and $11.4 million for the three months ended March 31, 2022 and 2021, respectively, representing an increase of $1.4 million, or 12%. This increase was primarily related to our acquisition of the Family Safety Mobile Business in April 2021, offset by decreases associated with CommSuite and our legacy family safety product lines.
- Cost of revenues. Cost of revenues were $3.6 million and $1.5 million for the three months ended March 31, 2022 and 2021, respectively. This increase was primarily due to supporting the increased revenues associated with the Family Safety Mobile Business and incremental costs associated with maintaining multiple family safety platforms.
Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
affirmative, America, anticipate, attract, Bank, bear, behavior, capacity, caption, commitment, confidentiality, corporate, covenant, coverage, customary, default, demonstration, deployment, derived, detected, Easy, educate, employee, entered, experienced, facilitate, Fargo, focused, fundamental, globe, ii, insurance, Internet, label, line, longer, margin, migrate, migrating, migration, negative, negatively, overnight, partially, pattern, penalty, penetrate, premium, principal, principally, proven, ratio, reach, reclassified, repayment, revolving, subsidiary, sum, transcription, type, voicemail, voluntary, white, winding, worldwide
Removed:
account, ad, Additionally, advance, Aid, amortize, amortized, analyze, Asia, beginning, billed, categorized, charge, classified, code, concluded, configure, configured, customization, declared, deductible, deducting, deliver, delivery, designated, determine, develop, directly, discretionary, discussed, disease, disrupt, disrupted, distancing, distribution, earn, economy, emergency, enacted, evaluate, exercisable, exercise, exit, expire, external, February, fee, Finally, forma, fund, Health, hierarchy, hoc, host, identical, indirectly, invoice, IRC, January, largely, led, Level, licensing, life, maintenance, managed, measure, measuring, minimize, modification, monitor, monthly, newer, NOL, notice, observable, occurred, orderly, Organization, outbreak, Pacific, paid, past, pay, perform, point, portion, post, postpone, President, pricing, pro, promotional, purport, quoted, ratably, ready, receive, record, reduce, reduction, Relief, request, response, reviewed, roadmap, royalty, satisfied, sell, short, slowdown, social, source, spending, spread, stand, summary, support, supported, technology, terminated, termination, thereto, transferring, unadjusted, underwriting, unearned, unobservable, upfront, utilize, utilizing
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
10 Jun 22
8-K
Departure of Directors or Certain Officers
19 May 22
8-K
Departure of Directors or Certain Officers
4 May 22
8-K
Smith Micro Reports First Quarter 2022 Financial Results
4 May 22
8-K
Smith Micro Appoints New Members to the Board of Directors
12 Apr 22
8-K
Smith Micro Announces $7.0 Million Revolving Credit Facility
5 Apr 22
8-K
Smith Micro Reports Fourth Quarter and Fiscal Year 2021 Financial Results
10 Mar 22
8-K
Regulation FD Disclosure
8 Dec 21
8-K
Smith Micro Reports Third Quarter 2021 Financial Results
10 Nov 21
8-K
Smith Micro Appoints James Kempton as New Chief Financial Officer
6 Oct 21
Registration and prospectus
424B3
Prospectus supplement
8 Jul 21
D
$10M in equity, sold $10M, 1 investor
21 Apr 21
424B5
Prospectus supplement for primary offering
11 Mar 21
424B5
Prospectus supplement for primary offering
10 Mar 21
424B5
Prospectus supplement for primary offering
8 Mar 21
S-8
Registration of securities for employees
26 Aug 20
S-3
Shelf registration
6 May 20
424B3
Prospectus supplement
1 Nov 19
Proxies
DEFA14A
Additional proxy soliciting materials
27 Apr 22
DEFA14A
Additional proxy soliciting materials
28 Apr 21
DEFA14A
Additional proxy soliciting materials
28 Apr 20
DEFA14A
Additional proxy soliciting materials
22 Apr 19
DEF 14A
Definitive proxy
2 May 18
DEFA14A
Additional proxy soliciting materials
2 May 18
Other
EFFECT
Notice of effectiveness
13 May 22
CORRESP
Correspondence with SEC
10 May 22
UPLOAD
Letter from SEC
9 May 22
EFFECT
Notice of effectiveness
8 Jul 21
CORRESP
Correspondence with SEC
5 Jul 21
UPLOAD
Letter from SEC
29 Jun 21
EFFECT
Notice of effectiveness
14 May 20
CORRESP
Correspondence with SEC
11 May 20
UPLOAD
Letter from SEC
11 May 20
EFFECT
Notice of effectiveness
22 Mar 19
Ownership
4
SMITH MICRO SOFTWARE / WILLIAM W SMITH JR ownership change
21 Jun 22
4
SMITH MICRO SOFTWARE / James M Kempton ownership change
19 May 22
4
SMITH MICRO SOFTWARE / WILLIAM W SMITH JR ownership change
19 May 22
4
SMITH MICRO SOFTWARE / James M Kempton ownership change
20 Apr 22
4
SMITH MICRO SOFTWARE / WILLIAM W SMITH JR ownership change
20 Apr 22
4
SMITH MICRO SOFTWARE / Chetan Sharma ownership change
13 Apr 22
4
SMITH MICRO SOFTWARE / Asha Keddy ownership change
13 Apr 22
3
SMITH MICRO SOFTWARE / Chetan Sharma ownership change
13 Apr 22
3
SMITH MICRO SOFTWARE / Asha Keddy ownership change
13 Apr 22
4
SMITH MICRO SOFTWARE / WILLIAM W SMITH JR ownership change
17 Mar 22
Patents
Utility
Application monitoring and device restriction system and method
8 Feb 22
A method of controlling use of network-connectable devices is provided.
Utility
Hygienic Device Interaction in Retail Environments
16 Dec 21
A device includes a display, a camera, a memory storing a software code, and a hardware processor configured to execute the software code to: configure the device to be in a first mode; receive, from the camera, camera data of an environment surrounding the device; determine that a person is present in the environment based on the camera data; determine that the person is facing the display based on the camera data; and transition the device from the first mode to a second mode, in response to determining that the person is facing the display.
Transcripts
2022 Q1
Earnings call transcript
4 May 22
2021 Q4
Earnings call transcript
11 Mar 22
2021 Q3
Earnings call transcript
11 Nov 21
2021 Q2
Earnings call transcript
5 Aug 21
2021 Q1
Earnings call transcript
6 May 21
2020 Q4
Earnings call transcript
9 Mar 21
2020 Q3
Earnings call transcript
4 Nov 20
2020 Q2
Earnings call transcript
5 Aug 20
2020 Q1
Earnings call transcript
6 May 20
2019 Q4
Earnings call transcript
5 Mar 20
Reddit threads
Daily Discussion Thread - May 4th, 2022
4 May 22
Daily Discussion Thread - May 3rd, 2022
3 May 22
Daily Discussion Thread - May 2nd, 2022
2 May 22
Daily Discussion Thread - March 10th, 2022
10 Mar 22
Daily Discussion Thread - March 9th, 2022
9 Mar 22
Daily Discussion Thread - March 8th, 2022
8 Mar 22
Daily Discussion Thread - November 10th, 2021
10 Nov 21
Daily Discussion Thread - November 9th, 2021
9 Nov 21
Daily Discussion Thread - November 8th, 2021
8 Nov 21
What stocks will grow throughout the 2022 year.
1 Nov 21