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$2.21-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| For the Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| (unaudited) | (unaudited) | |
| Operating activities: | ||
| Net loss | $(44,306) | $(17,684) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 4,886 | 4,912 |
| Goodwill impairment charge | 23,989 | — |
| Non-cash lease expense | (227) | (160) |
| Change in fair value of warrant and derivative liabilities | (448) | (3,486) |
| Loss on derecognition of debt | — | 2,985 |
| Amortization of debt discount and issuance costs | — | 5,398 |
| Stock based compensation | 3,520 | 3,316 |
| Gain on license of patents, net | (198) | — |
| Loss on disposal of assets | — | 12 |
| Changes in operating accounts: | ||
| Accounts receivable | 4,506 | 208 |
| Prepaid expenses and other assets | 315 | 220 |
| Accounts payable and accrued liabilities | (1,375) | (2,224) |
| Other liabilities | (30) | 553 |
| Net cash used in operating activities | (9,368) | (5,950) |
| Investing activities: | ||
| Capital expenditures, net | (17) | (5) |
| Proceeds from license of patents, net | 198 | — |
| Other investing activities, net | — | 71 |
| Net cash provided by investing activities | 181 | 66 |
| Financing activities: | ||
| Proceeds from Common Stock, Warrants, and Pre-Funded Warrants Offering, net | 3,351 | — |
| Proceeds from financing arrangements | 1,044 | 981 |
| Repayments of financing arrangements | (829) | (1,156) |
| Other financing activities | 5 | 15 |
| Net cash provided by (used in) financing activities | 3,571 | (160) |
| Net decrease in cash and cash equivalents | (5,616) | (6,044) |
| Cash and cash equivalents, beginning of period | 7,125 | 14,026 |
| Cash and cash equivalents, end of period | $1,509 | $7,982 |
| Non-cash investing and financing activities: | ||
| Issuance of Common Stock in settlement and prepayment of notes payable | $— | $12,180 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.