SMITH MICRO SOFTWARE INC
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
SMSI$2.28+1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenues | $40,862 | $48,513 |
| Cost of revenues (including depreciation of $50 and $105 in the years ended December 31, 2023 and 2022, respectively) | 10,559 | 14,210 |
| Gross profit | 30,303 | 34,303 |
| Operating expenses: | ||
| Selling and marketing | 11,089 | 12,883 |
| Research and development | 17,145 | 29,388 |
| General and administrative | 12,779 | 15,507 |
| Depreciation and amortization | 7,345 | 7,452 |
| Total operating expenses | 48,358 | 65,230 |
| Operating loss | (18,055) | (30,927) |
| Other income (expense): | ||
| Change in fair value of warrant and derivative liabilities | 4,214 | 4,669 |
| Loss on derecognition of debt | (3,991) | — |
| Interest expense, net | (6,354) | (2,680) |
| Other expense, net | (52) | (115) |
| Loss before provision for income taxes | (24,238) | (29,053) |
| Provision for income tax expense | 158 | 226 |
| Net loss | $(24,396) | $(29,279) |
| Loss per share: | ||
| Basic and diluted | $(0.38) | $(0.53) |
| Weighted average shares outstanding: | ||
| Basic and diluted | 64,916 | 55,422 |
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