SMSI Q1 2023 Earnings — Smith Micro Software, Inc. Revenue & Financial Results | Market Cap Arena

SMSISmith Micro Software, Inc.

$16M

Q1 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$11M-14.2% YoY

Gross Profit

$8M70.0% margin

Operating Income

-$7M-63.4% margin

Net Income

-$7M-63.0% margin

EPS (Diluted)

$-0.97

QoQ Revenue Growth

-4.2%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$5M

Stock-Based Comp.

$945,000

Balance Sheet

Total Assets

$98M

Total Liabilities

$24M

Stockholders' Equity

$74M

Cash & Equivalents

$9M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$11M	$13M	-14.2%
Gross Profit	$8M	$9M	-15.9%
Operating Income	-$7M	-$7M	+1.5%
Net Income	-$7M	-$7M	+1.6%

Revenue Segments

Wireless Business Segment

$11M100%

Geographic Segments

Americas

$11M96%

EMEA

$419,0004%