Smith Micro Software (NASDAQ:SMSI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$5.14m (down 50% from 2Q 2023).

• Net loss: US$6.93m (loss widened by 22% from 2Q 2023).

• US$0.66 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Smith Micro Software EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 6.6%.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 28% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Smith Micro Software that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.