EXHIBIT 99.1
(SMITHMICRO SOFTWARE LOGO)
     
AT THE COMPANY:
  IR INQUIRIES:
Robert Elliott
  Charles Messman, Todd Kehrli
Chief Marketing Officer
  MKR Group
949-362-5800
  323-468-2300
relliott@smithmicro.com
  smsi@mkr-group.com
 
SMITH MICRO SOFTWARE REPORTS RECORD FOURTH QUARTER AND FISCAL YEAR
2008 RESULTS
Net Revenues For Fiscal Year 2008 Increased 34% to a Record $98.4 Million, Fourth Quarter Net
Revenues Increased to $26.5 Million and Fourth Quarter EPS of $0.04 GAAP,
$0.28 Non-GAAP
ALISO VIEJO, CA, March 5, 2008 — Smith Micro Software, Inc. (NASDAQ: SMSI), a leading developer and marketer of software solutions and services for the mobility market, today reported its financial results for the fiscal 2008 fourth quarter and full year ending December 31, 2008.
“We are very pleased to report our fourth consecutive year of record revenue growth” said William W. Smith Jr., President and CEO of Smith Micro Software, Inc. “During the fiscal year, we achieved several key milestones as we strengthened our overall business model. We signed a record number of new customers, expanding our overall market opportunities and increased our leadership role in the wireless software space.”
Mr. Smith continued, “Our Connectivity & Security products continued to be our strongest contributor, where revenues increased from $29.6 million in 2007 to $58.7 million in 2008, a 98% increase. Specifically, during the second half of 2008, we expanded our market leadership in connectivity by adding two new WiMAX customers as well as one of the world’s largest PC manufacturers.”
Mr. Smith concluded, “Although we cannot control the current macro economic environment, we believe we have positioned the company well to continue on our growth plan. We enter 2009 with a very strong balance sheet and an industry-leading product portfolio that will continue to attract new customers—and grow existing relationships—as we build on the momentum we have created.”
Smith Micro reported net revenues of $26.5 million for the fourth quarter ended December 31, 2008, a 32.4% increase when compared to the $20.0 million reported for the fourth quarter of 2007.
Fourth quarter gross profit on a GAAP basis of $22.1 million increased $6.7 million, or 43.9%, from the fourth quarter ended December 31, 2007. On a non-GAAP basis (excluding amortization of intangibles, stock-based compensation and non-cash tax expense), gross profit was $23.2 million, an increase of $7.4 million, or 46.3%, from the same period last year.
GAAP gross profit margin was 83.6% of net revenues for the fourth quarter of 2008 as compared with 77.0% for the same period last year, and non-GAAP gross margin was 87.8% for the fourth

 


The following information was filed by Smith Micro Software Inc (SMSI) on Thursday, March 5, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Smith Micro Software Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Smith Micro Software Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account