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$2.21-3.1%Stored close · as of Nov 10, 2026
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Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net loss | $(48,697) | $(24,396) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 6,300 | 7,395 |
| Goodwill impairment charge | 23,989 | — |
| Non-cash lease expense | (304) | (191) |
| Non-cash transaction costs including amortization of debt discount and issuance costs | — | 5,993 |
| Change in fair value of warrant and derivative liabilities | (372) | (4,214) |
| Loss on derecognition of debt | — | 3,991 |
| Stock based compensation | 4,503 | 4,835 |
| Deferred income taxes | (40) | (10) |
| Gain on license of patents, net | (198) | — |
| Loss on disposal of assets | — | 12 |
| Changes in operating accounts: | ||
| Accounts receivable | 2,191 | 2,589 |
| Prepaid expenses and other assets | 361 | 12 |
| Accounts payable and accrued liabilities | (1,934) | (2,825) |
| Other liabilities | (94) | (164) |
| Net cash used in operating activities | (14,295) | (6,973) |
| Investing activities: | ||
| Capital expenditures, net | (20) | (4) |
| Proceeds from license of patents, net | 198 | — |
| Other investing activities, net | — | 136 |
| Net cash provided by investing activities | 178 | 132 |
| Financing activities: | ||
| Proceeds from Common Stock, Private Placement, Warrants, Pre-Funded Warrants Offerings, net | 9,839 | — |
| Proceeds from financing arrangements | 1,043 | 981 |
| Repayments of financing arrangements | (1,087) | (1,036) |
| Other financing activities | 5 | (5) |
| Net cash provided by (used in) financing activities | 9,800 | (60) |
| Net decrease in cash and cash equivalents | (4,317) | (6,901) |
| Cash and cash equivalents, beginning of period | 7,125 | 14,026 |
| Cash and cash equivalents, end of period | $2,808 | $7,125 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for income taxes | — | 187 |
| Non-cash investing and financing activities: | ||
| Issuance of common stock in settlement and prepayment of notes payable | $— | $15,000 |
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