SMSI Q2 2023 Earnings — Smith Micro Software, Inc. Revenue & Financial Results | Market Cap Arena

SMSISmith Micro Software, Inc.

$16M

Q2 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$10M-18.4% YoY

Gross Profit

$8M75.0% margin

Operating Income

-$3M-31.4% margin

Net Income

-$6M-54.8% margin

EPS (Diluted)

$-0.73

QoQ Revenue Growth

-5.4%

Cash Flow

Operating Cash Flow

-$2M

Free Cash Flow

-$2M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$95M

Total Liabilities

$20M

Stockholders' Equity

$74M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10M	$13M	-18.4%
Gross Profit	$8M	$9M	-14.4%
Operating Income	-$3M	-$8M	+61.3%
Net Income	-$6M	-$8M	+33.3%

Revenue Segments

Wireless Business Segment

$10M100%

Geographic Segments

Americas

$10M98%

EMEA

$256,0002%