Revenue Performance - In 2023, the company's revenues declined by 16% to $40.9 million, primarily due to a $5.3 million decrease in Family Safety revenues and a $2.0 million decline in CommSuite revenues [129]. - The termination of a Family Safety contract with a Tier 1 customer resulted in a loss of approximately 36% of total revenues for 2023, with no further revenues expected from this contract in 2024 [128]. - The ViewSpot product line's revenues decreased by approximately $0.4 million due to a decrease in device launches in 2023 [140]. Financial Results - The net loss for 2023 was $24.4 million, equating to a net loss of $0.38 per basic and diluted share [129]. - Gross profit for 2023 was $30.3 million, representing 74.2% of revenues, compared to $34.3 million or 70.7% of revenues in 2022 [142]. Operating Expenses and Cash Flow - Operating expenses decreased by 26% in 2023 compared to 2022, primarily due to a $12.2 million reduction in Research and Development expenses [128]. - Cash and cash equivalents as of December 31, 2023, were approximately $7.1 million, with cash flow used in operations amounting to $7.0 million for the year [151]. - Net cash used in operating activities was $7.0 million for the year ended December 31, 2023, compared to $19.3 million in 2022, indicating a decrease in cash outflow [154][155]. - The primary use of operating cash in 2023 included a net loss of $24.4 million, offset by non-cash expenses of $17.8 million and a decrease in accounts receivable of $2.6 million [154]. Debt and Interest Expenses - Interest expense increased to $6.4 million in 2023 from $2.7 million in 2022, primarily due to the amortization of debt issuance costs related to the August 2022 Notes and Warrants Offering [149]. Restructuring and Workforce - The company undertook restructuring efforts that resulted in the elimination of approximately 26% of its global workforce [128]. Investments and Financing Activities - Net cash provided by investing activities remained stable at $0.1 million for both 2023 and 2022 [156]. - Net cash used by financing activities was $0.1 million in 2023, a significant decrease from $17.1 million provided in 2022, which was primarily due to proceeds from Notes and Warrants Offering [157][158]. Commitments and Financial Position - The company has made various indemnities and commitments, which may not provide limitations on future payment obligations, indicating potential financial exposure [159]. - The company has no off-balance sheet arrangements as of December 31, 2023, indicating a straightforward financial position [162]. Revenue Recognition and Compensation - Revenue recognition follows FASB ASC Topic No. 606, with various revenue streams including software licenses, consulting services, and usage-based revenue [176][177]. - Stock-based compensation is accounted for based on fair values and recognized as compensation expense over the vesting period [180]. Corporate Structure - The corporate headquarters is located in Pittsburgh, Pennsylvania, with a lease expiring on April 30, 2026, and additional leases in California, Serbia, Sweden, and Portugal [160]. Future Agreements - The company executed a new multi-year Family Safety agreement with a major Tier 1 carrier in Europe, anticipated to launch in 2024 [130].

Smith Micro Software, Inc. (NASDAQ:SMSI) Q4 2023 Earnings Conference Call February 22, 2024 4:30 PM ET Company Participants Charles Messman - VP of IR and Corporate Development Bill Smith - Chairman, President and CEO Jim Kempton - CFO Conference Call Participants Josh Nichols - B. Riley Jim McIlree - Dawson James Scott Searle - ROTH MKM Operator Good day, and welcome to the Smith Micro Software Fourth Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I ...

Exhibit 99.1 IR INQUIRIES: Charles Messman Investor Relations 949-362-5800 IR@smithmicro.com Smith Micro Reports Fourth Quarter and Fiscal Year 2023 Financial Results PITTSBURGH, PA, February 22, 2024 – Smith Micro Software, Inc. (Nasdaq: SMSI) ("Smith Micro" or the "Company") today reported financial results for its fourth quarter and fiscal year ended December 31, 2023. "Looking back at 2023, we faced some challenges and implemented decisive changes to build a new path forward for the Company," said Willi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 September 30, 2023 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 re ...

Smith Micro Software, Inc. (NASDAQ:SMSI) Q3 2023 Earnings Conference Call November 8, 2023 4:30 PM ET Company Participants Charles Messman - Vice President of Investor Relations and Corporate Development Bill Smith - Chairman, President, Chief Executive Officer Jim Kempton - Chief Financial Officer Conference Call Participants Scott Searle - ROTH Capital Josh Nichols - B. Riley FBR James McIlree - Dawson James Matthew Harrigan - Benchmark Operator Good day, and welcome to the Smith Micro Third Quarter 2023 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) _____________________________ FORM 10-Q _____________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR (State or other jurisdiction of incorporation or organization) Delaware 33-0029027 (I.R.S. Employer Identification No.) 5800 Corporate Drive Pittsburgh, PA 15237 o TRANSITION REPORT PURSUANT TO SECTION 1 ...

Smith Micro Software, Inc. (NASDAQ:SMSI) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Bill Smith - Chairman, President, Chief Executive Officer Jim Kempton - Chief Financial Officer Charles Messman - Vice President of Marketing Conference Call Participants Scott Searle - ROTH MKM Josh Nichols - B. Riley FBR Jim McIlree - Dawson James Operator Good day, and welcome to the Smith Micro Second Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. ...

| --- | --- | |----------------------------------------------------|-------| | | | | | | | Smartphones and other screens offer more | | | communication and entertainment opportunities | | | | | | than ever; but with those opportunities certain | | | threats become more visible. | | | Parents want security and ease. Kids want autonomy | | ® SafePath® Direct Marketing/CRM Store Collateral/Employee Training Education Segment | --- | --- | |-----------------------------------|-------| | | | | | | | … ACHIEVING ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________ FORM 10-Q _____________________________ (State or other jurisdiction of incorporation or organization) Delaware 33-0029027 (I.R.S. Employer Identification No.) 5800 Corporate Drive For the quarterly period ended March 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-35525 _____________________________ (Mark On ...

Smith Micro Software, Inc. (NASDAQ:SMSI) Q1 2023 Earnings Conference Call May 11, 2023 4:30 PM ET Company Participants Charles Messman - Vice President, Investor Relations, and Corporate Development Bill Smith - Chairman, President, and Chief Executive Officer Jim Kempton - Chief Financial Officer Conference Call Participants Scott Searle - ROTH MKM Griffin Boss - B. Riley James McIlree - Dawson James Matthew Harrigan - Benchmark Operator Good day, and welcome to the Smith Micro First Quarter 2023 Earnings ...