Smith Micro Software, Inc. financial data

Symbol
SMSI on Nasdaq
Industry
Services-Prepackaged Software
Location
5800 Corporate Drive, Pittsburgh, PA
State of incorporation
DE
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 5, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 179 % +24.8%
Return On Equity -82.8 % -142%
Return On Assets -69.5 % -168%
Operating Margin -152 % -162%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 11M shares -83.5%
Common Stock, Shares, Outstanding 10.6M shares -83.7%
Entity Public Float 65M USD -46.2%
Common Stock, Value, Issued 11K USD -83.1%
Weighted Average Number of Shares Outstanding, Basic 10.6M shares +35.4%
Weighted Average Number of Shares Outstanding, Diluted 10.6M shares +35.4%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 30.5M USD -31.2%
Research and Development Expense 15.3M USD -35.4%
Selling and Marketing Expense 10.1M USD -18.7%
General and Administrative Expense 11.8M USD -18%
Operating Income (Loss) -46.3M USD -80.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -49.6M USD -89.7%
Income Tax Expense (Benefit) 186K USD -0.54%
Net Income (Loss) Attributable to Parent -49.8M USD -89%
Earnings Per Share, Basic -2.62 USD/shares -34.4%
Earnings Per Share, Diluted -2.62 USD/shares -34.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 5.63M USD -12.3%
Accounts Receivable, after Allowance for Credit Loss, Current 3.82M USD -67.8%
Assets, Current 11.5M USD -46.8%
Property, Plant and Equipment, Net 701K USD -37.2%
Operating Lease, Right-of-Use Asset 2.96M USD -2.57%
Goodwill 11.1M USD -68.5%
Other Assets, Noncurrent 511K USD +5.36%
Assets 53M USD -44%
Accounts Payable, Current 2.34M USD -30.1%
Contract with Customer, Liability, Current 200K USD -33.3%
Liabilities, Current 7.54M USD -54.6%
Deferred Income Tax Liabilities, Net 168K USD -5.62%
Operating Lease, Liability, Noncurrent 2.01M USD -8.52%
Retained Earnings (Accumulated Deficit) -344M USD -16.9%
Stockholders' Equity Attributable to Parent 42.9M USD -42.4%
Liabilities and Equity 53M USD -44%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -1.35M USD +74.8%
Net Cash Provided by (Used in) Financing Activities 181K USD +503%
Net Cash Provided by (Used in) Investing Activities 194K USD -93.5%
Common Stock, Shares Authorized 100M shares 0%
Common Stock, Shares, Issued 10.6M shares -83.7%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -970K USD +81.7%
Deferred Tax Assets, Valuation Allowance 58.5M USD -6.7%
Deferred Tax Assets, Gross 58.4M USD -6.75%
Operating Lease, Liability 3.24M USD -12%
Depreciation 33K USD -54.8%
Lessee, Operating Lease, Liability, to be Paid 3.56M USD -26.2%
Property, Plant and Equipment, Gross 8.9M USD -38.9%
Operating Lease, Liability, Current 1.23M USD -15.7%
Lessee, Operating Lease, Liability, to be Paid, Year Two 943K USD -18.8%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.44M USD -5.46%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure +16.1%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 328K USD -71.5%
Lessee, Operating Lease, Liability, to be Paid, Year Three 375K USD -21.7%
Deferred Tax Assets, Operating Loss Carryforwards 41.6M USD -14%
Unrecognized Tax Benefits 412K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 61K USD
Amortization of Intangible Assets 7.1M USD +16.4%
Depreciation, Depletion and Amortization 7.54M USD +7.41%
Share-based Payment Arrangement, Expense 5.13M USD +23.1%