Smith Micro Software Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Smith Micro Software (NASDAQ:SMSI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$5.14m (down 50% from 2Q 2023).
• Net loss: US$6.93m (loss widened by 22% from 2Q 2023).
• US$0.66 loss per share.

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

Smith Micro Software EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 6.6%.

Looking ahead, revenue is forecast to grow 30% 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 23% from a week ago.

Risk Analysis

Be aware that Smith Micro Software is showing 3 warning signs in our investment analysis and 1 of those is potentially serious...

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