Smith Micro misses Q4 revenue expectations, CEO to step down

Reuters03-05

Smith Micro misses Q4 revenue expectations, CEO to step down

Overview

Mobile software developer's Q4 revenue declined 20% yr/yr, missing analyst expectations
GAAP net loss for Q4 increased slightly compared to previous year
Company announced leadership change with Tim Huffmyer as new CEO

Outlook

Company did not provide specific financial guidance for the future

Result Drivers

COST REDUCTION - Smith Micro reduced its cost structure and optimized spending to support innovation, despite revenue decline
SAFEPATH FOCUS - Co emphasized strategic focus on SafePath OS solutions for kids and seniors to expand role with Tier 1 customers

Company press release: ID:nBw8wX5la

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue	Miss	$3.97 mln	$5.20 mln (2 Analysts)
Q4 Net Income		-$4.55 mln
Q4 Gross Profit		$3.04 mln
Q4 Operating Expenses		$7.40 mln
Q4 Operating Income		-$4.36 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Smith Micro Software Inc is $4.00, about 669.2% above its March 3 closing price of $0.52

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4023","symbol_name":"应用软件","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260304:nL1N3ZS1B6:1","article_id":"2617561813","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2617561813","pubTimestamp":1772659598,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Smith Micro misses Q4 revenue expectations, CEO to step downOverviewMobile software developer's Q4 revenue declined 20% yr/yr, missing analyst expectationsGAAP net loss for Q4 increased slightly compa","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4023":"应用软件","SMSI":"Smith Micro Software"},"translate_title":"史密斯微第四季度营收未达预期，首席执行官辞职","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SMSI":0.9},"content_text":"Smith Micro misses Q4 revenue expectations, CEO to step downOverviewMobile software developer's Q4 revenue declined 20% yr/yr, missing analyst expectationsGAAP net loss for Q4 increased slightly compared to previous yearCompany announced leadership change with Tim Huffmyer as new CEOOutlookCompany did not provide specific financial guidance for the futureResult DriversCOST REDUCTION - Smith Micro reduced its cost structure and optimized spending to support innovation, despite revenue declineSAFEPATH FOCUS - Co emphasized strategic focus on SafePath OS solutions for kids and seniors to expand role with Tier 1 customersCompany press release: ID:nBw8wX5laKey DetailsMetricBeat/MissActualConsensus EstimateQ4 RevenueMiss$3.97 mln$5.20 mln (2 Analysts)Q4 Net Income-$4.55 mlnQ4 Gross Profit$3.04 mlnQ4 Operating Expenses$7.40 mlnQ4 Operating Income-$4.36 mlnAnalyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 2 \"strong buy\" or \"buy\", no \"hold\" and no \"sell\" or \"strong sell\"The average consensus recommendation for the software peer group is \"buy\"Wall Street's median 12-month price target for Smith Micro Software Inc is $4.00, about 669.2% above its March 3 closing price of $0.52For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. 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