Smith Micro Software (NASDAQ:SMSI) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$11.0m (down 6.0% from 3Q 2022).
• Net loss: US$5.13m (loss narrowed by 12% from 3Q 2022).
• US$0.076 loss per share (improved from US$0.10 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Smith Micro Software EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 60%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 22% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Smith Micro Software you should know about.

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