SMITH MICRO SOFTWARE INC
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
View on SEC.govAbout this filing
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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(in thousands, except per share data)
| For the Three Months EndedSeptember 30, | For the Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (unaudited) | (unaudited) | (unaudited) | (unaudited) | |
| Revenues | $4,648 | $11,001 | $15,585 | $32,269 |
| Cost of revenues (including depreciation of $3, $12, $14, and $40 in the three and nine months ended September 30, 2024 and 2023, respectively) | 1,321 | 2,528 | 4,915 | 8,400 |
| Gross profit | 3,327 | 8,473 | 10,670 | 23,869 |
| Operating expenses: | ||||
| Selling and marketing | 2,060 | 2,449 | 7,202 | 8,631 |
| Research and development | 3,637 | 3,704 | 11,328 | 13,276 |
| General and administrative | 2,715 | 2,934 | 8,213 | 9,448 |
| Depreciation and amortization | 1,422 | 1,567 | 4,872 | 4,872 |
| Goodwill impairment | — | — | 23,989 | — |
| Total operating expenses | 9,834 | 10,654 | 55,604 | 36,227 |
| Operating loss | (6,507) | (2,181) | (44,934) | (12,358) |
| Other income (expense): | ||||
| Change in fair value of warrant and derivative liabilities | 221 | 73 | 448 | 3,486 |
| Loss on derecognition of debt | — | (1,583) | — | (2,985) |
| Interest (expense) income, net | (12) | (1,443) | 89 | (5,740) |
| Other (expense) income, net | (71) | 15 | 130 | (62) |
| Loss before provision for income taxes | (6,369) | (5,119) | (44,267) | (17,659) |
| Provision for income tax expense | — | 14 | 39 | 25 |
| Net loss | $(6,369) | $(5,133) | $(44,306) | $(17,684) |
| Loss per share: | ||||
| Basic and diluted | $(0.54) | $(0.61) | $(4.17) | $(2.27) |
| Weighted average shares outstanding: | ||||
| Basic and diluted | 11,832 | 8,419 | 10,626 | 7,787 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.