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Smith Micro Software

OverviewSuggest Edit

Smith Micro Software is a company that creates wireless solutions for wireless service providers, mobile device and chipset manufacturers, and enterprise businesses. The company also offers graphics software for animators, illustrators, graphic designers, and students. Its main products are SafePath, CommSuite, and ViewSpot.
TypePublic
Founded1982
HQAliso Viejo, CA, USMap
Websitesmithmicro.com
Employee Ratings3.7More
View Jobs (18)

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Latest Updates

Employees (est.) (Dec 2019)198(+30%)
Job Openings18
Revenue (FY, 2020)$51.3 M(+19%)
Share Price (Jul 2021)$5.7(-1%)
Cybersecurity ratingCMore

Key People/Management at Smith Micro Software

William Smith

William Smith

Chairman, President and Chief Executive Officer
Timothy Huffmyer

Timothy Huffmyer

Chief Financial Officer
David Blakeney

David Blakeney

Senior Vice President of Engineering
Charles Messman

Charles Messman

Vice President of Investor Relations & Corporate Development
Marco Leal

Marco Leal

Vice President of Worldwide Products
Gail Redmond

Gail Redmond

Senior Vice President of Worldwide Sales
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Smith Micro Software Office Locations

Smith Micro Software has offices in Aliso Viejo, Braga, Beograd and Stockholm
Aliso Viejo, CA, US (HQ)
120 Vantis Dr #350
Braga, PT
R. do Parque Poente 39
Beograd, RS
Blue House - Tower B, Španskih boraca 3
Stockholm, SE
Vasagatan 15, 17
Show all (4)

Smith Micro Software Financials and Metrics

Smith Micro Software Revenue

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Smith Micro Software's revenue was reported to be $51.3 m in FY, 2020
USD

Revenue (Q1, 2021)

11.4m

Gross profit (Q1, 2021)

9.8m

Gross profit margin (Q1, 2021), %

86.4%

Net income (Q1, 2021)

(3.2m)

EBIT (Q1, 2021)

(3.2m)

Market capitalization (22-Jul-2021)

303.2m

Closing stock price (22-Jul-2021)

5.7

Cash (31-Mar-2021)

89.2m

EV

220.0m
Smith Micro Software's current market capitalization is $303.2 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

57.8m43.3m42.7m37.0m39.5m28.2m23.0m26.3m43.3m51.3m

Revenue growth, %

(13%)7%(29%)

Cost of goods sold

13.8m8.4m9.7m9.3m8.2m7.6m5.1m4.3m3.9m5.2m

Gross profit

44.0m34.9m33.0m27.7m31.4m20.7m17.9m22.0m39.4m46.1m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

16.1m12.6m10.1m11.0m11.6m10.5m8.7m8.4m8.5m9.4m10.5m9.4m9.6m7.2m7.5m6.5m5.6m5.9m5.8m5.5m6.9m6.5m8.4m10.9m11.8m13.3m12.9m11.4m

Cost of goods sold

3.6m3.7m2.2m2.1m2.4m2.4m2.5m2.4m2.5m2.2m2.1m2.1m2.0m2.1m1.9m1.8m1.3m1.3m1.2m1.3m1.1m979.0k916.0k974.0k1.0m1.2m1.3m1.5m

Gross profit

12.5m8.9m7.9m8.9m9.2m8.1m6.3m6.0m6.1m7.2m8.4m7.3m7.6m5.1m5.5m4.7m4.3m4.6m4.6m4.2m5.8m5.5m7.5m9.9m10.8m12.1m11.7m9.8m

Gross profit Margin, %

78%71%78%81%79%77%72%71%71%77%80%78%80%71%74%72%77%78%80%76%84%85%89%91%91%91%90%86%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

7.5m18.9m11.8m10.2m8.8m2.2m2.2m12.2m28.3m25.8m

Accounts Receivable

8.5m9.0m7.6m8.2m8.1m5.0m5.1m7.1m10.9m12.3m

Prepaid Expenses

1.1m903.0k871.0k765.0k692.0k576.0k795.0k802.0k1.2m

Inventories

309.0k176.0k167.0k97.0k39.0k12.0k
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Cash

17.1m20.1m16.2m11.0m10.1m12.8m9.2m10.9m8.6m5.0m10.5m10.0m7.2m8.5m11.4m6.4m5.9m2.5m2.4m3.9m3.7m8.7m8.4m7.4m6.6m23.9m19.5m23.6m89.2m

Accounts Receivable

12.1m9.0m8.5m8.4m9.3m9.8m8.5m7.0m7.0m7.4m7.4m7.6m8.6m8.0m5.5m5.4m5.3m4.7m4.7m5.2m5.4m6.2m6.3m9.0m13.0m11.1m11.9m12.5m8.3m

Prepaid Expenses

2.0m1.7m776.0k1.6m1.3m729.0k1.3m1.2m734.0k1.4m1.1m696.0k1.1m934.0k899.0k1.2m1.2m508.0k751.0k706.0k468.0k774.0k745.0k565.0k938.0k763.0k591.0k1.4m908.0k

Inventories

326.0k321.0k256.0k236.0k224.0k133.0k130.0k162.0k167.0k169.0k165.0k87.0k66.0k64.0k27.0k24.0k18.0k13.0k13.0k16.0k
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(159.6m)(25.5m)(28.0m)(11.8m)(2.6m)(14.5m)(6.7m)(2.7m)10.7m4.2m

Depreciation and Amortization

10.2m4.4m4.0m2.9m1.9m1.4m922.0k779.0k1.3m3.6m

Inventories

(97.0k)60.0k(67.0k)(54.0k)10.0k16.0k

Accounts Payable

(2.4m)(2.3m)1.5m(2.2m)(1.4m)(2.0m)(2.9m)(1.1m)(417.0k)(1.9m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Net Income

(15.6m)(150.1m)(9.7m)(16.5m)(21.3m)(6.2m)(13.4m)(26.5m)(5.2m)(10.9m)(12.0m)(10.0k)(1.2m)(2.0m)(3.7m)(7.0m)(11.3m)(2.2m)(4.8m)(6.5m)(2.4m)(4.6m)(5.5m)48.0k3.5m7.1m2.0m3.4m(3.2m)

Depreciation and Amortization

5.8m9.1m1.1m2.2m3.3m1.1m2.1m3.1m872.0k1.7m2.4m495.0k970.0k1.4m426.0k779.0k1.1m234.0k463.0k694.0k207.0k407.0k651.0k321.0k681.0k997.0k644.0k1.7m2.5m

Inventories

(19.0k)(72.0k)34.0k40.0k44.0k8.0k(8.0k)(48.0k)(22.0k)(36.0k)(36.0k)5.0k(1.0k)9.0k11.0k13.0k(1.0k)(1.0k)(4.0k)

Accounts Payable

(2.3m)(1.1m)(1.5m)(2.4m)(1.9m)931.0k568.0k4.6m(677.0k)(1.5m)(1.1m)(522.0k)(968.0k)(1.3m)17.0k(460.0k)(796.0k)(695.0k)(1.3m)(1.6m)(59.0k)(351.0k)(838.0k)(117.0k)(526.0k)(701.0k)(840.0k)(692.0k)(649.0k)
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USDQ2, 2011

Financial Leverage

1.1 x
Show all financial metrics

Smith Micro Software Operating Metrics

FY, 2016

Patents (US)

93
Show all operating metrics

Smith Micro Software Revenue Breakdown

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Smith Micro Software revenue breakdown by business segment: 81.8% from Wireless and 18.2% from Graphics

Smith Micro Software Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

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Smith Micro Software Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

30-39

out of 100

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Smith Micro Software Online and Social Media Presence

Smith Micro Software's Trends

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Smith Micro Software Company Culture

  • CEO Rating

    C

    70/100

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Smith Micro Software News and Updates

July 24, 2018

Smith Micro Software's (SMSI) CEO Bill Smith on Q2 2018 Results - Earnings Call Transcript

Smith Micro Software Blogs

July 28, 2021

Smith Micro Schedules Teleconference to Discuss Second Quarter 2021 Financial Results

PITTSBURGH, PA, July 28, 2021 – Smith Micro Software, Inc. (NASDAQ: SMSI) today announced that it will report its second quarter 2021 financial results following the close of regular trading on Wednesday, August 4, 2021. The news release will be followed by a teleconference available to all interest…
July 20, 2021

Smith Micro Announces the Resignation of Chief Financial Officer Tim Huffmyer

PITTSBURGH, PA, July 20, 2021 – Smith Micro Software, Inc. (NASDAQ: SMSI) today announced that Tim Huffmyer has informed the Company of his intention to resign as Chief Financial Officer (CFO) to pursue an opportunity with another company.  Mr. Huffmyer is expected to continue his role as CFO over t…
July 20, 2021

Teen Driver Safety – How Do Parental Views Differ by U.S. Region?

Last month, we explored the results of our Distracted Driving survey** from the perspective of parental gender. This blog provided some interesting insights regarding how male parents and female parents differ in terms of their views of teen driver safety and smartphones’ role in distracting driving…
July 15, 2021

Webinar Replay – Smartphones: Dangerous Distraction or Driver Safety Companion?

In this research-based webinar, Eytan Urbas, VP of Corporate Strategy at Smith Micro Software and Steve Bell, Principal Analyst at TU-Automotive Group, discuss the paradoxical role the smartphone plays in driver safety. Is it a dangerous distraction or a unique tool that can be used to teach safer d…
June 30, 2021

Smartphones: Dangerous Distraction or Driver Safety Companion?

Smith Micro to co-host Driving Safety webinar on July 13 PITTSBURGH, PA, June 30, 2021 – Smith Micro Software, Inc. (NASDAQ: SMSI), today announced that the company will co-host an analyst-led webinar on July 13, 2021 with TU-Automotive. Titled Smartphones: Dangerous Distraction or Driver Safety Com…
June 17, 2021

Teen Driver Safety and Smartphones – What Do Parents Think?

To better understand the views of parents regarding teen driver safety, smartphones, and distracted driving, Smith Micro surveyed more than 2,000 American parents of teenagers in April 2021.* This research provided many interesting takeaways, including demographic insights based on parental gender, …
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 Smith Micro Software Frequently Asked Questions

  • When was Smith Micro Software founded?

    Smith Micro Software was founded in 1982.

  • Who are Smith Micro Software key executives?

    Smith Micro Software's key executives are William Smith, Timothy Huffmyer and David Blakeney.

  • How many employees does Smith Micro Software have?

    Smith Micro Software has 198 employees.

  • What is Smith Micro Software revenue?

    Latest Smith Micro Software annual revenue is $51.3 m.

  • What is Smith Micro Software revenue per employee?

    Latest Smith Micro Software revenue per employee is $259.1 k.

  • Who are Smith Micro Software competitors?

    Competitors of Smith Micro Software include Verizon Wireless, 3CX and Phone.com.

  • Where is Smith Micro Software headquarters?

    Smith Micro Software headquarters is located at 120 Vantis Dr #350, Aliso Viejo.

  • Where are Smith Micro Software offices?

    Smith Micro Software has offices in Aliso Viejo, Braga, Beograd and Stockholm.

  • How many offices does Smith Micro Software have?

    Smith Micro Software has 4 offices.