Smith Micro Software, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 01:35 am IST
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Smith Micro Software, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 10.34 million compared to USD 12.67 million a year ago. Net loss was USD 5.67 million compared to USD 8.49 million a year ago. Basic loss per share from continuing operations was USD 0.72 compared to USD 1.2 a year ago.
For the six months, sales was USD 21.27 million compared to USD 25.41 million a year ago. Net loss was USD 12.55 million compared to USD 15.5 million a year ago. Basic loss per share from continuing operations was USD 1.68 compared to USD 2.24 a year ago.
Smith Micro Software, Inc. develops software to simplify and enhance the mobile experience, providing solutions to wireless service providers around the world. It operates through the Wireless segment. From enabling the family digital lifestyle to providing voice messaging capabilities, its solutions enhance connected lifestyles while creating new opportunities to engage consumers via smartphones and consumer Internet of Things (IoT) devices. Its portfolio also includes a range of products for creating, sharing, and monetizing content, such as visual voice messaging, optimizing retail content display and performing analytics on any product set. Its products include SafePath, ViewSpot, and CommSuite. SafePath consists of SafePath Family, SafePath IoT, SafePath Home, and SafePath Premium. The SafePath product suite provides tools to protect family digital lifestyles and manage connected devices both inside and outside the home. ViewSpot is its retail display management platform.