Overview
Smith Micro Q3 revenue declined yr/yr, missing analyst expectations
Company reports GAAP net loss for Q3, smaller than last year's loss
Gross profit margin improved to 73.9% from 71.6% yr/yr
Outlook
Smith Micro did not provide specific financial guidance for future quarters in its press release
Result Drivers
FAMILY DIGITAL LIFESTYLE - Smith Micro emphasizes its Family Digital Lifestyle offering as a key growth opportunity, aligning with carrier market trends
OPERATIONAL STREAMLINING - Co has streamlined operations for faster and more agile delivery, aiming to strengthen its financial foundation
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $4.35 mln | $4.60 mln (2 Analysts) |
Q3 Net Income | -$4.54 mln | ||
Q3 Gross Profit | $3.21 mln | ||
Q3 Operating Expenses | $7.70 mln | ||
Q3 Operating Income | -$4.49 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Smith Micro Software Inc is $4.00, about 83.2% above its November 4 closing price of $0.67
Press Release: ID:nBw2m4BqJa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)