UNITED STATES SECURITIES AND EXCHANGE COMMISSION Table of Contents WASHINGTON, D.C. 20549 _____________________________ FORM 10-Q _____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-35525 _____________________________ SMITH MICRO SOFTWARE, INC. (Exact name of regist ...

Smith Micro Software, Inc. (SMSI) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -45.45%. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.11, delivering no surprise.Over the last four quarters, the company has surpa ...

Smith Micro Software (SMSI) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Company Participants Charles Messman - VP - MarketingWilliam Smith - Co-Founder, Chairman of the Board, President & CEOJames Kempton - CFO Conference Call Participants Scott Searle - Managing Director, Senior Research AnalystMatthew Harrigan - Equity Research Analyst Operator Good day, and welcome to the Smith Micro First Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. Please note th ...

Exhibit 99.1 IR INQUIRIES: Charles Messman Investor Relations 949-362-5800 IR@smithmicro.com Smith Micro Reports First Quarter 2025 Financial Results First Quarter 2025 Financial Results Smith Micro reported revenue of $4.6 million for the quarter ended March 31, 2025, compared to $5.8 million reported in the quarter ended March 31, 2024. Gross profit for the quarter ended March 31, 2025 was $3.4 million, compared to $3.8 million for the quarter ended March 31, 2024. Gross profit as a percentage of revenue ...

Ansys (ANSS) came out with quarterly earnings of $1.64 per share, missing the Zacks Consensus Estimate of $1.75 per share. This compares to earnings of $1.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.29%. A quarter ago, it was expected that this maker of engineering-simulation software would post earnings of $4 per share when it actually produced earnings of $4.44, delivering a surprise of 11%.Over the last four quart ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-K ____________________________________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 01-35 ...

Financial Data and Key Metrics Changes - In Q4 2024, revenue was $5 million, a decrease of approximately 42% compared to $8.6 million in Q4 2023, but an increase of about $300,000 or 7% from Q3 2024 [17] - For the full year 2024, revenue was $20.6 million, down 50% from $40.9 million in 2023, primarily due to the conclusion of the Verizon Family Safety Contract and a decline in Safe and Found Family Safety revenue [18] - Gross profit for Q4 2024 was approximately $3.8 million, down from $6.4 million in Q4 2023, while gross margin improved to 76% from 75% year-over-year [21] - GAAP net loss for Q4 2024 was $4.4 million or $0.25 loss per share, compared to a net loss of $6.7 million or $0.74 loss per share in Q4 2023 [25] Business Line Data and Key Metrics Changes - Family Safety revenues in Q4 2024 were $3.8 million, a decrease of approximately 49% compared to Q4 2023, primarily due to the end of the Verizon contract [18] - CommSuite revenues increased to $1.1 million in Q4 2024, up approximately $600,000 from Q4 2023, driven by subscriber growth [19] - ViewSpot revenue was nominal in Q4 2024, declining by approximately $500,000 compared to Q4 2023 due to the end of a contract [19] Market Data and Key Metrics Changes - The company is experiencing strong interest in its SafePath offerings, particularly SafePath Kids, which has shown significant appeal to parents seeking safer mobile experiences for their children [14][38] - The senior safety market is identified as a rapidly growing segment, with the population aged 65 and older growing at a rate up to four times faster than younger demographics [33] Company Strategy and Development Direction - The company is shifting focus towards three family safety offerings: SafePath Kids, SafePath OS for kids' phones, and SafePath OS for seniors, aiming to capture new market opportunities [31][32] - The strategy includes leveraging existing phone inventory from popular manufacturers to deliver SafePath OS products quickly without extensive backend integration [40] - The company aims to align its innovations with the core business objectives of mobile operators, focusing on adding new subscribers and selling more devices [41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to growth in the second half of 2025, driven by new customer offerings and a focus on profitability [73] - The company anticipates significant interest from carriers for its new offerings, indicating a positive market response and potential for growth [38][41] - Management highlighted the importance of aligning with carrier goals to enhance growth prospects, emphasizing the pivot towards mainstream offerings rather than just value-added services [82] Other Important Information - The company recognized a one-time benefit to occupancy costs of approximately $100,000 in Q4 2024, contributing to exceeding cost reduction goals [25] - Cash and cash equivalents as of December 31, 2024, were reported at $2.8 million [28] - The company faced payment delays from its largest customer due to a change in the payment platform, which has since been resolved [29] Q&A Session Summary Question: How will success be framed for the TuYo service? - Management noted that Orange Spain's sign-ups are approaching half from competitors, indicating strong market demand and potential for further growth [60] Question: What is the timeline for bringing up new carriers? - Management indicated that there is strong interest among carriers for a summer launch, with ongoing demos and trials to ensure readiness [64] Question: How far along is the product for the aging in place opportunity? - Management stated that the core SafePath OS product is ready, with strong interest from carriers focused on the senior market [70] Question: What is the outlook for sequential growth? - Management expects to see growth in the back half of the year based on new customer offerings and product launches [73]

Smith Micro Software, Inc. (NASDAQ:SMSI) Q4 2024 Earnings Conference Call March 11, 2025 4:30 PM ET Company Participants Charles Messman - VP, Marketing Bill Smith - Chairman, President, & CEO Jim Kempton - CFO Conference Call Participants Scott Searle - Roth Capital Partners Matthew Harrigan - Benchmark Operator Good day, and welcome to the Smith Micro Fourth Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will ...

Smith Micro Software (SMSI) Q4 2024 Earnings Call March 11, 2025 04:30 PM ET Company Participants Charles Messman - VP - MarketingWilliam Smith - Co-Founder, Chairman of the Board, President & CEOJames Kempton - CFO Conference Call Participants Scott Searle - Managing Director, Senior Research AnalystMatthew Harrigan - Senior Analyst Operator Good day, and welcome to the Smith Micro Fourth Quarter twenty twenty four Earnings Conference Call. All participants should be in a listen only mode. After today's pr ...

Financial Performance - Smith Micro reported Q4 2024 revenue of $5.0 million, a decrease of 41.9% from $8.6 million in Q4 2023[3] - For the fiscal year 2024, Smith Micro reported total revenue of $20.6 million, a decline of 49.7% from $40.9 million in 2023[6] - Revenues for Q4 2024 were $4,969,000, a decrease of 42.5% compared to $8,593,000 in Q4 2023[16] - Gross profit for Q4 2024 was $3.8 million, down from $6.4 million in Q4 2023, with a gross profit margin of 75.6% compared to 74.9% in the prior year[3] - Gross profit for the year ended December 31, 2024, was $14,429,000, down from $30,303,000 in 2023, representing a decline of 52.3%[16] - The net loss for the year ended December 31, 2024, was $48,697,000, compared to a net loss of $24,396,000 in 2023, reflecting a 99.4% increase in losses[17] - GAAP net loss for Q4 2024 was $4.4 million, or $0.25 loss per share, an improvement from a net loss of $6.7 million, or $0.74 loss per share, in Q4 2023[4] - The fiscal year 2024 GAAP net loss was $48.7 million, or $3.94 loss per share, compared to a net loss of $24.4 million, or $3.01 loss per share, in 2023[7] - Non-GAAP net loss for Q4 2024 was $1.9 million, or $0.11 loss per share, compared to a non-GAAP net loss of $1.7 million, or $0.18 loss per share, in Q4 2023[4] - Non-GAAP net loss for the year was $13,677,000, compared to a net loss of $24,396,000 under GAAP[20] Cash and Assets - Total cash and cash equivalents as of December 31, 2024, were $2.8 million, down from $7.1 million at the end of 2023[8] - Cash and cash equivalents at the end of Q4 2024 were $2,808,000, down from $7,125,000 at the beginning of the period, a decrease of 60.5%[17] - Total assets decreased to $48.0 million as of December 31, 2024, from $85.6 million in 2023[15] Operating Expenses - Total operating expenses for the year increased to $63,819,000 from $48,358,000 in 2023, an increase of 32.0%[16] - The company incurred total operating expenses of $8,215,000 in Q4 2024, which included $2,757,000 in research and development expenses[16] Goodwill and Adjustments - The company reported a goodwill impairment charge of $23,989,000 for the year 2024[17] - The adjustments for non-recurring items included costs related to corporate actions and professional fees associated with office closures[22] Strategic Initiatives - Smith Micro launched SafePath Kids with Orange Spain, generating significant interest and aligning with mobile operators' core offerings[2] - The company aims to capture significant market opportunities and return to profitability through enhanced family safety solutions[2] Research and Development - Research and development expenses were $17,145 million, with adjustments resulting in $15,618 million[21]