Smith Micro Software

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

Company Growth (employees)
Type
Public
HQ
Aliso Viejo, US
Founded
1982
Size (employees)
191 (est)
Smith Micro Software was founded in 1982 and is headquartered in Aliso Viejo, US

Key People at Smith Micro Software

Andrew C. Schmidt

Andrew C. Schmidt

CFO
Carla Fitzgerald

Carla Fitzgerald

VP, Marketing
Chris Lippincott

Chris Lippincott

SVP, Global Operations
Jim Mains

Jim Mains

SVP, Products & Programs
Von Cameron

Von Cameron

EVP, Worldwide Sales
Rick Carpenter

Rick Carpenter

SVP, Engineering

Smith Micro Software Office Locations

Smith Micro Software has an office in Aliso Viejo
Aliso Viejo, US (HQ)
51 Columbia

Smith Micro Software Data and Metrics

Smith Micro Software Financial Metrics

Smith Micro Software's revenue was reported to be $28.2 m in FY, 2016 which is a 29% decrease from the previous period.
USD

Revenue (FY, 2016)

28.2 m

Revenue growth (FY, 2015 - FY, 2016), %

(29%)

Gross profit (FY, 2016)

20.7 m

Gross profit margin (FY, 2016), %

73%

Net income (FY, 2016)

(14.5 m)

EBIT (FY, 2016)

(15.9 m)

Market capitalization (20-Jul-2017)

16.9 m

Closing share price (20-Jul-2017)

1.4

Cash (31-Dec-2016)

2.2 m

EV

14.6 m
Smith Micro Software's current market capitalization is $16.9 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

42.7 m37 m39.5 m28.2 m

Revenue growth, %

(13%)7%(29%)

Cost of goods sold

9.7 m9.3 m8.2 m7.6 m

Gross profit

33 m27.7 m31.4 m20.7 m

Gross profit Margin, %

77%75%79%73%

Sales and marketing expense

15.7 m9.6 m8.9 m9.6 m

R&D expense

21.3 m14.2 m13.9 m15.9 m

General and administrative expense

18.2 m13.2 m11.1 m10.3 m

Operating expense total

60.8 m39.4 m33.9 m36.6 m

EBIT

(27.8 m)(11.7 m)(2.5 m)(15.9 m)

EBIT margin, %

(65%)(32%)(6%)(56%)

Interest expense

5 k389 k

Interest income

30 k1 k(389 k)

Pre tax profit

(27.8 m)(11.8 m)(2.5 m)(14.7 m)

Income tax expense

(153 k)(49 k)(68 k)229 k

Net Income

(28 m)(11.8 m)(2.6 m)(14.5 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

11.8 m10.2 m8.8 m2.2 m

Accounts Receivable

7.6 m8.2 m8.1 m5 m

Inventories

167 k97 k39 k12 k

Current Assets

24.3 m22.8 m21.8 m7.9 m

PP&E

7 m4.3 m2.5 m1.8 m

Goodwill

3.7 m

Total Assets

31.5 m27.4 m24.5 m14.3 m

Accounts Payable

1.6 m1.5 m1.7 m1.9 m

Current Liabilities

9.8 m8.8 m7.2 m5.5 m

Non-Current Liabilities

3.5 m3.6 m3.2 m6.3 m

Total Liabilities

13.4 m12.5 m10.4 m11.8 m

Additional Paid-in Capital

214.6 m223.1 m224.9 m227.9 m

Retained Earnings

(196.5 m)(208.3 m)(210.9 m)(225.4 m)

Total Equity

18.2 m14.9 m14 m2.5 m

EPS

(0.8)(1.2)(0.2)(1.2)

Financial Leverage

1.7 x1.8 x1.7 x5.7 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(28 m)(11.8 m)(2.6 m)(14.5 m)

Depreciation and Amortization

4 m2.9 m1.9 m1.4 m

Accounts Receivable

660 k(1 m)40 k3.4 m

Inventories

(67 k)(54 k)10 k16 k

Accounts Payable

2.4 m(2.2 m)(1.4 m)(2 m)

Cash From Operating Activities

(16.6 m)(6.8 m)(55 k)(11.5 m)

Capital Expenditures

(829 k)(216 k)(124 k)(500 k)

Cash From Investing Activities

9.4 m(18 k)(1.3 m)1.1 m

Cash From Financing Activities

36 k5.3 m32 k3.8 m

Income Taxes Paid

165 k75 k17 k27 k

Free Cash Flow

(17.4 m)(7.1 m)(179 k)(12 m)
Y, 2016

P/E Ratio

(1.2)

EV/EBIT

-0.9 x

EV/CFO

-1.3 x

EV/FCF

-1.2 x

Financial Leverage

5.7 x

Smith Micro Software Operating Metrics

FY, 2016

Patents (US)

93

Smith Micro Software Market Value History

Smith Micro Software Revenue Breakdown

Smith Micro Software Median Salaries

Source: 24 public H-1B filings from Smith Micro Software

Smith Micro Software Online and Social Media Presence

Smith Micro Software News and Updates

Smith Micro Software Company Life and Culture

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