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Stock impact report

Smith Micro Reports Third Quarter 2024 Financial Results

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: Business Wire
PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (Nasdaq: SMSI) (“Smith Micro” or the “Company”) today reported financial results for its third quarter ended September 30, 2024.“We believe that the actions that we’ve taken to rationalize our costs over the past several months, coupled with the expansion of our revenue opportunities, have positioned us for a return to profitability on a non-GAAP basis and free cash flow during 2025,” said William W. Smith Jr., president, chief executive officer, and chairman of the board of Smith Micro. “With the pending launch of our Tier One carrier in Europe, new product innovations that align with our customers' strengths, and new prospects on the horizon, we are confident that the Company is positioned for growth over the coming quarters.”“We had targeted eliminating at least $2 million in quarterly expenses from our cost structure by the fourth quarter of this year. As compared with the first quarter of this year, we have already achie Show less Read more
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