SMITH MICRO SOFTWARE INC
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 12, 2025
SMSI$2.28+1.3%Stored close · as of Nov 9, 2026
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CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | $20,555 | $40,862 |
| Cost of revenues (including depreciation of $15 and $50 in the years ended December 31, 2024 and 2023, respectively) | 6,126 | 10,559 |
| Gross profit | 14,429 | 30,303 |
| Operating expenses: | ||
| Selling and marketing | 8,877 | 11,089 |
| Research and development | 14,085 | 17,145 |
| General and administrative | 10,583 | 12,779 |
| Depreciation and amortization | 6,285 | 7,345 |
| Goodwill impairment | 23,989 | — |
| Total operating expenses | 63,819 | 48,358 |
| Operating loss | (49,390) | (18,055) |
| Other income (expense): | ||
| Change in fair value of warrant and derivative liabilities | 372 | 4,214 |
| Loss on derecognition of debt | — | (3,991) |
| Interest income (expense), net | 112 | (6,354) |
| Other income (expense), net | 196 | (52) |
| Loss before provision for income tax (benefit) provision | (48,710) | (24,238) |
| (Benefit) provision for income tax expense | (13) | 158 |
| Net loss | $(48,697) | $(24,396) |
| Loss per share: | ||
| Basic and diluted | $(3.94) | $(3.01) |
| Weighted average shares outstanding: | ||
| Basic and diluted | 12,367 | 8,115 |
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