Smith Micro Software, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 09, 2023 at 04:07 pm EST
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Smith Micro Software, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 11.41 million compared to USD 14.68 million a year ago. Net loss was USD 8 million compared to USD 4.01 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to USD 0.07 a year ago.
For the full year, sales was USD 48.51 million compared to USD 58.42 million a year ago. Net loss was USD 29.28 million compared to USD 31.04 million a year ago. Basic loss per share from continuing operations was USD 0.53 compared to USD 0.61 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.