Last $1.03 USD
Change Today -0.07 / -6.36%
Volume 477.1K
SMSI On Other Exchanges
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As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

smith micro software inc (SMSI) Snapshot

Open
$1.09
Previous Close
$1.10
Day High
$1.13
Day Low
$0.91
52 Week High
03/7/14 - $2.69
52 Week Low
05/9/14 - $0.66
Market Cap
46.4M
Average Volume 10 Days
337.8K
EPS TTM
$-0.32
Shares Outstanding
45.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SMITH MICRO SOFTWARE INC (SMSI)

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smith micro software inc (SMSI) Details

Smith Micro Software Inc. develops and markets wireless communications software products and services. The company’s products, used in the technology and communication markets, include wireless, mobile-music, data-compression, diagnostic, and utility software. Smith Micro serves the original-equipment-manufacturers market, primarily wireless service providers, mobile-device manufacturers, hardware manufacturers, and corporations worldwide. Its wireless software products used mainly in consumer devices include QuickLink Mobile, V cast Music Essentials Kit, QuickLink Music, QuickLink Wi-Fi, and QuickLink PhoneManager. It also produces wireless enterprise products for corporate customers, and sells wireless compression products. Smith Micro makes a variety of other consumer products for diagnosis, image-making, compression and message- and fax-transmission. It offers consulting, Website hosting, and fulfillment services, and makes software products for Windows, Mac, unix, Linux, and Windows Mobility operating systems. The company was founded in 1982 and is based in Aliso Viejo, Calif.

241 Employees
Last Reported Date: 03/7/14
Founded in 1982

smith micro software inc (SMSI) Top Compensated Officers

Co-Founder, Chairman of the Board, Chief Exec...
Total Annual Compensation: $471.6K
Senior Vice President of Engineering
Total Annual Compensation: $252.7K
Compensation as of Fiscal Year 2013.

smith micro software inc (SMSI) Key Developments

Smith Micro Adds Steven Elfman to Board of Directors

Smith Micro Software Inc. announced the appointment of Steven Elfman to its Board of Directors. Most recently, Elfman served as President of Network Operations and Wholesale at Sprint, with responsibility for Product, Technology Development, Network, Wholesale Operations, Value Added Services, Procurement & Real Estate, and Digital. Elfman currently serves as a member of the Board for both Goodman Networks and Affirmed Networks, and previously served on the Competitor Carrier Association, Bethany College and Clearwire Boards.

Smith Micro Software Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Smith Micro Software Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. The company reported revenues of $9.4 million for the third quarter ended September 30, 2014, compared to $8.7 million reported in the third quarter ended September 30, 2013. GAAP net loss for the third quarter of 2014 was $1.1 million, or $0.03 loss per diluted share, compared to a GAAP net loss of $13.0 million, or $0.35 loss per diluted share, for the third quarter of 2013. Non-GAAP net loss was $364,000 or $0.01 loss per diluted share, compared to a non-GAAP net loss of $7.5 million, or $0.20 loss per diluted share, for the third quarter of 2013. Operating loss was $1,144,000 against $12,980,000 a year ago. Loss before provision for income taxes was $1,147,000 against $12,973,000 a year ago. For the nine months ended September 30, 2014, the company reported revenues of $26.4 million, compared to $30.8 million for the nine months ended September 30, 2013. GAAP net loss for the nine months ended September 30, 2014 was $12.0 million, or a loss of $0.31 per diluted share, compared to a GAAP net loss for the nine months ended September 30, 2013 of $26.5 million, or $0.72 loss per diluted share. Non-GAAP net loss for the nine months ended September 30, 2014 was $5.4 million, or a loss of $0.14 per diluted share, compared to a non-GAAP net loss of $14.4 million, or $0.39 loss per diluted share, for the nine months ended September 30, 2013. Operating loss was $11,959,000 against $26,329,000 a year ago. Loss before provision for income taxes was $11,964,000 against $26,302,000 a year ago.

Smith Micro Software Receives Non-Compliance Notice From NASDAQ

On October 23, 2014, Smith Micro Software, Inc. received a written notification from the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it fails to comply with Nasdaq’s Marketplace Rule 5450(a)(1) (the “Rule”) because the bid price for the Company’s common stock over the last 30 consecutive business days has closed below the minimum $1.00 per share requirement for continued listing. The notification has no immediate effect on the listing of the Company’s common stock. In accordance with Nasdaq’s Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until April 21, 2015, to regain compliance with the Rule. If at any time before April 21, 2015, the bid price of the Company’s common stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the Rule. If compliance with the Rule cannot be demonstrated by April 21, 2015, the Company may be eligible for additional time, provided that the Company can meet all other initial listing requirements for the Nasdaq Capital Market and provides written notice of its intention to cure the deficiency during the second compliance period of an additional 180 days, by various plans, including effecting a reverse stock split, if necessary. The company intend to continue actively monitoring the bid price for common stock between now and April 21, 2015, and will consider available options to resolve the deficiency and regain compliance with the Nasdaq minimum bid price requirement. There is no assurance, however, that the Company will pursue efforts to continue to be listed, that the Company will be eligible for an additional compliance period or that common stock will not be delisted from Nasdaq.

 

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SMSI

Industry Average

Valuation SMSI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.2x
Price/Book 3.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.0x
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