SMSI Q1 2024 Earnings — Smith Micro Software, Inc. Revenue & Financial Results | Market Cap Arena

SMSISmith Micro Software, Inc.

$16M

Q1 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$6M-47.0% YoY

Gross Profit

$4M65.7% margin

Operating Income

-$31M-542.4% margin

Net Income

-$31M-534.8% margin

EPS (Diluted)

$-3.28

QoQ Revenue Growth

-32.5%

Cash Flow

Operating Cash Flow

-$1M

Free Cash Flow

-$1M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$55M

Total Liabilities

$10M

Stockholders' Equity

$45M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6M	$11M	-47.0%
Gross Profit	$4M	$8M	-50.2%
Operating Income	-$31M	-$7M	-353.4%
Net Income	-$31M	-$7M	-350.2%

Revenue Segments

Wireless Business Segment

$6M100%

Geographic Segments

Americas

$5M94%

EMEA

$321,0006%