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Stock impact report

Smith Micro Q3 Loss Narrower Than Expected, Revenues Lag [Yahoo! Finance]

Smith Micro Software, Inc. (SMSI) 
Last smith micro software, inc. earnings: 3/5 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: smithmicro.com/company/investors/overview
Company Research Source: Yahoo! Finance
The bottom line was narrower than the Zacks Consensus Estimate of a loss of 31 cents. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Revenues in the quarter totaled $4.6 million, which missed the Zacks Consensus Estimate by 3.2%. Despite innovative product launch strategy and cost-cutting initiatives, revenues plunged 58% year over year due to continued downtrends across various revenue segments. Smith Micro Software, Inc. price-consensus-eps-surprise-chart | Smith Micro Software, Inc. Quote In the reported quarter, the Family Safety segment's revenues declined nearly $5.2 million or 57% to $3.9 million from the prior-year level. This downside resulted from the conclusion of the Verizon Family Safety contract in the fourth quarter of 2023, due to which no revenues were generated from this segment. Also, persistent weakness in Sprint Safe & Found revenues had an adverse impact. CommSuite segment's revenues decreased roughly 14.3% year over year to $0 Show less Read more
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