Smith Micro Software Inc. has released its financial results for the second quarter of 2025. The company reported a revenue of $4.4 million for the quarter ended June 30, 2025, a decrease from the $5.1 million reported in the same quarter of the previous year. The gross profit for the quarter was $3.2 million, down from $3.5 million in the second quarter of 2024, though the gross profit as a percentage of revenue increased to 73.5% from 68.7%. The GAAP net loss for the quarter was $15.1 million, compared to a net loss of $6.9 million in the same period of 2024. On a non-GAAP basis, the net loss was $2.8 million, an improvement from a non-GAAP net loss of $4.0 million in the prior year. For the first half of 2025, Smith Micro reported revenue of $9.0 million, a decrease from the $10.9 million reported in the first half of 2024. The gross profit for the six months ended June 30, 2025, was $6.6 million, compared to $7.3 million for the same period in 2024, with the gross profit margin improving to 73.1% from 67.1%. As of June 30, 2025, Smith Micro's total cash and cash equivalents stood at $1.4 million. Following the quarter's end, the company completed a registered direct offering and a concurrent private placement, generating gross proceeds of $1.5 million.