SMITH MICRO SOFTWARE INC
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 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 Balance Sheets
(in thousands, except share and par value data)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| (unaudited) | (audited) | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,509 | $7,125 |
| Accounts receivable, net of related allowances of $3 and $3 at 2024 and 2023, respectively | 3,406 | 7,912 |
| Prepaid expenses and other current assets | 1,505 | 1,843 |
| Total current assets | 6,420 | 16,880 |
| Equipment and improvements, net | 615 | 883 |
| Right-of-use assets | 2,657 | 2,759 |
| Other assets | 504 | 482 |
| Intangible assets, net | 24,931 | 29,532 |
| Goodwill | 11,052 | 35,041 |
| Total assets | $46,179 | $85,577 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $2,050 | $2,522 |
| Accrued payroll and benefits | 2,121 | 2,500 |
| Current operating lease liabilities | 1,228 | 1,483 |
| Other current liabilities | 1,011 | 1,137 |
| Total current liabilities | 6,410 | 7,642 |
| Non-current liabilities: | ||
| Warrant liabilities | 149 | 597 |
| Operating lease liabilities | 1,706 | 1,780 |
| Deferred tax liabilities, net | 168 | 168 |
| Total non-current liabilities | 2,023 | 2,545 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Common stock, par value $0.001 per share; 100,000,000 shares authorized; 11,857,234 and 9,347,979 shares issued and outstanding 2024 and 2023, respectively | 12 | 9 |
| Additional paid-in capital | 387,988 | 381,329 |
| Accumulated comprehensive deficit | (350,254) | (305,948) |
| Total stockholders’ equity | 37,746 | 75,390 |
| Total liabilities and stockholders' equity | $46,179 | $85,577 |
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