Smith Micro Software Inc. reported financial results for the third quarter and nine months ended September 30, 2009. The company reported revenues of $27.8 million for the third quarter ended September 30, 2009, a 4% increase over the $26.6 million reported in the third quarter ended September 30, 2008. GAAP net income for the third quarter of 2009 increased to $2.0 million or $0.06 per basic and diluted share compared to a GAAP net loss for the third quarter of 2008 of $1.6 million or a $0.05 loss per basic and diluted share. Non-GAAP net income for the third quarter of 2009 increased to $6.6 million or $0.20 per diluted share which compared to $6.0 million or $0.19 per diluted share for the third quarter of 2008. Operating income for the period was $4.13 million and profit before tax was $4.25 million compared to operating income of $2.04 million and profit before tax of $2.15 million for the same period previous year. For the nine months ended September 30, 2009, the company reported revenues of $77.6 million, an 8% increase from $72.0 million for the nine months ended September 30, 2008. Both quarterly and year to date revenue performance for 2009 are company records. GAAP net income for the nine months was $3.5 million or $0.11 per basic and diluted share, compared to a GAAP net loss of $2.1 million or $0.07 loss per basic and diluted share for the nine months ended September 30, 2008. Non-GAAP net income for the nine months ended September 30, 2009 increased 27% to $16.2 million or $0.50 per diluted share, as compared to $12.7 million or $0.41 per diluted share for the nine months ended September 30, 2008. Operating income for the period was $7.21 million and profit before tax was $7.70 million compared to operating loss of $0.30 million and profit before tax of $0.21 million for the same period previous year. The company revised earnings guidance for the full year 2009. Although the third quarter revenues set a record for a fiscal quarter, the continuing negative economic environment has reduced its actual third quarter revenues relative to its expectations and has created uncertainty and limited visibility in the company's ability to forecast fourth quarter 2009 revenues. Accordingly, the company is lowering its guidance for full fiscal year 2009 revenues to $105 million - $110 million from $110 million - $115 million.

Smith Micro Software Inc. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on November 4, 2009).

Smith Micro Software Inc. - Conference Presentation Calls