Smith Micro Software, Inc. Provides Revenue Guidance for the First Quarter and Full Year of Fiscal 2021
March 08, 2021 at 04:30 pm EST
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Smith Micro Software, Inc. provided revenue guidance for the first quarter and full year of fiscal 2021. For 2021, the core business is expected to generate between $18 million and $19 million of recurring revenue, and the company expects that to grow from there going forward.
For all of the reasons discussed with the company's 3 products, the company expects total revenue for the first quarter of 2021 to be lower by approximately 9% to 14% compared to the fourth quarter of 2020.
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.
SMITH MICRO SOFTWARE, INC. 
