Smith Micro Software

Communications Technology connectivity consumer software messaging wireless

Smith Micro provides software to simplify and enhance the mobile experience. As the leader in wireless connectivity, the Company's applications ensure the best Quality of Experience for mobile users while optimizing networks for service providers and enterprises. Using its intelligent policy-on-device platform, along with premium voice, video and content monetization services, Smith Micro creates new opportunities to engage consumers and capitalize on the growth of connected devices.

Revenue(FY, 2016)

$28.2 M

Market capitalization(2018-04-20)

$26.3 M

Type

Public

Aliso Viejo, US

Founded

1982

Size (employees)

173 (est)

Website

smithmicro.com

Smith Micro Software was founded in 1982 and is headquartered in Aliso Viejo, US

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Key People/Management at Smith Micro Software

William Smith

Chairman, President and Chief Executive Officer

Timothy Huffmyer

Chief Financial Officer

David Sperling

Chief Technology Officer

David Blakeney

Vice President of Engineering

Marco Leal

Vice President of Worldwide Products

Ken Shebek

Chief Information Officer

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Smith Micro Software Office Locations

Smith Micro Software has an office in Aliso Viejo

Aliso Viejo, US (HQ)

51 Columbia

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Smith Micro Software Financials and Metrics

Smith Micro Software Financials

Smith Micro Software's revenue was reported to be $28.24 m in FY, 2016 which is a 28.5% decrease from the previous period.

Summary

USD
Revenue (Q3, 2017)	5.8 m
Gross profit (Q3, 2017)	4.6 m
Gross profit margin (Q3, 2017), %	80%
Net income (Q3, 2017)	(1.7 m)
EBIT (Q3, 2017)	(942 k)
Market capitalization (20-Apr-2018)	26.3 m
Cash (30-Sep-2017)	3.9 m

Smith Micro Software's current market capitalization is $26.3 m.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	42.7 m	37 m	39.5 m	28.2 m
Revenue growth, %		(13%)	7%	(29%)
Cost of goods sold	9.7 m	9.3 m	8.2 m	7.6 m
Gross profit	33 m	27.7 m	31.4 m	20.7 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Revenue	8.7 m	8.4 m	8.5 m	9.4 m	10.5 m	9.4 m	9.6 m	7.2 m	7.5 m	6.5 m	5.6 m	5.9 m	5.8 m
Cost of goods sold	2.5 m	2.4 m	2.5 m	2.2 m	2.1 m	2.1 m	2 m	2.1 m	1.9 m	1.8 m	1.3 m	1.3 m	1.2 m
Gross profit	6.3 m	6 m	6.1 m	7.2 m	8.4 m	7.3 m	7.6 m	5.1 m	5.5 m	4.7 m	4.3 m	4.6 m	4.6 m
Gross profit Margin, %	72%	71%	71%	77%	80%	78%	80%	71%	74%	72%	77%	78%	80%

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Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	11.8 m	10.2 m	8.8 m	2.2 m
Accounts Receivable	7.6 m	8.2 m	8.1 m	5 m
Inventories	167 k	97 k	39 k	12 k
Current Assets	24.3 m	22.8 m	21.8 m	7.9 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Cash	10.9 m	8.6 m	5 m	10.5 m	10 m	7.2 m	8.5 m	11.4 m	6.4 m	5.9 m	2.5 m	2.4 m	3.9 m
Accounts Receivable													(325 k)
Inventories													706 k
Current Assets	27.2 m	20 m	16.1 m	22.2 m	22.2 m	21.3 m	21.6 m	19.5 m	13.8 m	12.5 m	7.7 m	7.9 m	9.9 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	(28 m)	(11.8 m)	(2.6 m)	(14.5 m)
Depreciation and Amortization	4 m	2.9 m	1.9 m	1.4 m
Inventories	(67 k)	(54 k)	10 k	16 k
Accounts Payable	2.4 m	(2.2 m)	(1.4 m)	(2 m)

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Net Income	(26.5 m)	(5.2 m)	(10.9 m)	(12 m)	(10 k)	(1.2 m)	(2 m)	(3.7 m)	(7 m)	(11.3 m)	(2.2 m)	(4.8 m)
Depreciation and Amortization	3.1 m	872 k	1.7 m	2.4 m	495 k	970 k	1.4 m	426 k	779 k	1.1 m	234 k	463 k
Inventories	(48 k)	(22 k)	(36 k)	(36 k)	5 k	(36 k)	(1 k)	9 k	11 k	13 k	(1 k)	(1 k)
Cash From Operating Activities	(13.4 m)	(3.6 m)	(8.5 m)	(7.4 m)	735 k	(1.5 m)	(331 k)	257 k	(3.7 m)	(8 m)	(1.7 m)	(3.8 m)