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Smith Micro Software, Inc (SMSI) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Smith Micro Software Inc

CIK: 948708 Ticker: SMSI

Exhibit 99.1

 

 

 

IR INQUIRIES:

Charles Messman

Investor Relations

949-362-5800

IR@smithmicro.com

 

 

Smith Micro Reports Third Quarter 2018 Financial Results

Company Achieves Non-GAAP Profitability During the Quarter

 

 

ALISO VIEJO, CA, October 24, 2018

– Smith Micro Software, Inc. (NASDAQ: SMSI), today reported financial results for its third quarter ended September 30, 2018.

“I am overall pleased with the quarter that came in line with our expectations,” said William W. Smith Jr., President and CEO of Smith Micro Software. “Revenues increased over the prior year, and we again achieved operating profitability during the quarter.”

“During the first nine months of this fiscal year, we have made tremendous strides throughout the organization, particularly with the product enhancements that we plan to launch in the fourth quarter. We remain focused on optimizing performance and driving revenue on our core product platforms, SafePath® and CommSuite®, so that we can finish the year strong and maximize 2019 opportunities.”

Fiscal Third Quarter 2018 Financial Results:

Smith Micro Software reported revenue of $6.5 million for the third quarter ended September 30, 2018, compared to $5.8 million reported in the third quarter ended September 30, 2017.

Third quarter 2018 gross profit was $5.5 million, compared to $4.6 million reported in the third quarter of 2017.

Gross profit as a percentage of revenue was 85 percent for the third quarter of 2018, compared to 80 percent for the third quarter of 2017.

 


The following information was filed by Smith Micro Software Inc (SMSI) on Wednesday, October 24, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Smith Micro Software Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations And Comprehensive Loss
Accounting Policies
Accounting Policies (Policies)
Accounting Policies (Tables)
Accounting Policies - Additional Information (Detail)
Accounting Policies - Schedule Of Revenues On Disaggregated Basis (Detail)
Commitments And Contingencies
Debt And Fair Value Of Financial Instruments
Debt And Fair Value Of Financial Instruments (Tables)
Debt And Fair Value Of Financial Instruments - Additional Information (Detail)
Debt And Fair Value Of Financial Instruments - Aggregate Fair Value And Carrying Value Of Warrant Liability And Short And Long-Term Debt (Detail)
Debt And Fair Value Of Financial Instruments - Fair Value Of Warrants Determined By Using Option Pricing Model (Detail)
Debt And Fair Value Of Financial Instruments - Schedule Of Roll Forward Of Warrant Liability Classified As Level 3 And Measured At Fair Value On A Recurring Basis (Detail)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Details Of Basic And Diluted Earnings Per Share (Detail)
Equity Transactions
Equity Transactions - Additional Information (Detail)
Going Concern Evaluation
Going Concern Evaluation - Additional Information (Detail)
Goodwill
Goodwill - Additional Information (Detail)
Income Taxes
Income Taxes - Additional Information (Detail)
Segment, Customer Concentration And Geographical Information
Segment, Customer Concentration And Geographical Information (Tables)
Segment, Customer Concentration And Geographical Information - Additional Information (Detail)
Segment, Customer Concentration And Geographical Information - Company Revenue In Different Geographic Locations (Detail)
Segment, Customer Concentration And Geographical Information - Company's Customers That Represent 10% Or More Of Company's Net Revenues (Detail)
Segment, Customer Concentration And Geographical Information - Revenues Generated By Each Business Unit (Detail)
Stock-Based Compensation
Stock-Based Compensation - Additional Information (Detail)
Subsequent Events
The Company

Material Contracts, Statements, Certifications & more

Smith Micro Software Inc provided additional information to their SEC Filing as exhibits

Ticker: SMSI
CIK: 948708
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-18-025261
Submitted to the SEC: Fri Oct 26 2018 12:06:33 PM EST
Accepted by the SEC: Fri Oct 26 2018
Period: Sunday, September 30, 2018
Industry: Prepackaged Software

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