SMITH MICRO SOFTWARE INC
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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.
Mar 31, 2025 · Filed May 8, 2025
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 Statements of Operations
(in thousands, except per share data)
| For the Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (unaudited) | (unaudited) | |
| Revenues | $4,621 | $5,798 |
| Cost of revenues (including depreciation of $1 and $6 in the three months ended March 31, 2025 and 2024, respectively) | 1,258 | 1,988 |
| Gross profit | 3,363 | 3,810 |
| Operating expenses: | ||
| Selling and marketing | 1,643 | 2,614 |
| Research and development | 2,857 | 3,989 |
| General and administrative | 2,724 | 2,756 |
| Depreciation and amortization | 1,349 | 1,908 |
| Goodwill impairment | — | 23,989 |
| Total operating expenses | 8,573 | 35,256 |
| Operating loss | (5,210) | (31,446) |
| Other income (expense): | ||
| Change in fair value of warrant liabilities | 123 | 185 |
| Interest (expense) income, net | (25) | 74 |
| Other (expense) income, net | (65) | 219 |
| Loss before provision for income tax provision | (5,177) | (30,968) |
| Provision for income tax expense | 1 | 39 |
| Net loss | $(5,178) | $(31,007) |
| Loss per share: | ||
| Basic and diluted | $(0.28) | $(3.28) |
| Weighted average shares outstanding: | ||
| Basic and diluted | 18,216 | 9,466 |
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