Smith Micro Software, Inc.

SMSI

SMSISmith Micro Software, Inc. US flag

NASDAQ Capital Market

0.81

USD

-0.04

- -

16.58MMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	58	43	43	37	40	28	23	26	43	51	58	49	41	21	17
+ Sales & Services Revenue	58	43	43	37	40	28	23	26	43	51	58	49	41	21	17
- Cost of Revenue	14	8	10	9	8	8	5	4	4	5	13	14	11	6	5
+ Cost of Goods & Services	14	8	10	9	8	8	5	4	4	5	13	14	11	6	5
Gross Profit	44	35	33	28	31	21	18	22	39	46	46	34	30	14	13
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	94	62	55	37	34	36	24	23	29	43	64	65	48	40	32
+ Selling, General & Admin	52	37	34	23	20	20	15	14	17	22	30	28	24	19	16
+ Research & Development	42	25	21	14	14	16	9	9	12	18	26	29	17	14	11
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	8	7	7	6	5
Operating Income (Loss)	-50	-27	-22	-9	-3	-15	-6	-1	10	4	-18	-31	-18	-25	-19
- Non-Operating (Income) Loss	116	-1	6	2	- -	- -	1	2	-1	-1	13	-2	6	23	10
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	6	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	6	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	116	-1	6	2	- -	- -	1	2	- -	-1	13	-5	- -	23	10
Pretax Income	-166	-26	-28	-12	-3	-16	-7	-3	11	4	-31	-29	-24	-49	-29
- Income Tax Expense (Benefit)	-6	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-160	-25	-28	-12	-3	-15	-7	-3	11	4	-31	-29	-24	-49	-29
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-160	-25	-28	-12	-3	-15	-7	-3	11	4	-31	-29	-24	-49	-29
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-160	-25	-28	-12	-3	-15	-7	-3	11	4	-31	-29	-24	-49	-29
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-160	-25	-28	-12	-3	-15	-7	-3	11	4	-31	-29	-24	-49	-30
EBIT	-50	-27	-22	-9	-3	-15	-6	-1	10	4	-18	-31	-18	-25	-19
EBITDA	-39	-22	-18	-6	-1	-14	-5	- -	12	7	-9	-23	-11	-19	-14
EBITDA Margin (%)	-68.21	-51.54	-42.7	-17.24	-1.6	-48.91	-21.22	-1	26.85	13.85	-14.95	-48.17	-26.09	-92.93	-79.75
EBITA	-50	-27	-22	-9	-3	-15	-6	-1	10	4	-18	-31	-18	-25	-19
Gross Margin (%)	76.18	80.5	77.25	74.8	79.37	73.21	77.88	83.52	90.94	89.88	78.27	70.71	74.16	70.2	74.05
Operating Margin (%)	-85.82	-61.77	-52.09	-25.17	-6.42	-53.8	-25.23	-3.96	23.76	6.86	-30.94	-63.75	-44.19	-123.58	-110.84
Profit Margin (%)	-276.29	-58.77	-65.5	-31.91	-6.59	-54.34	-28.99	-10.42	24.74	8.12	-53.14	-60.35	-59.7	-236.91	-168.91
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	0.14	0.03	- -	- -	- -	- -	- -	- -
Depreciation Expense	10	4	4	3	2	1	1	1	1	4	9	8	7	6	5
Basic Weighted Avg Shares	1	1	1	1	1	1	2	3	4	5	6	7	8	12	21
Basic EPS, GAAP	-143.4	-22.73	-24.19	-9.29	-1.81	-10.27	-3.95	-1.13	2.46	0.82	-4.85	-4.23	-3.01	-3.94	-1.46
Basic EPS from Cont Ops	-143.4	-22.73	-24.19	-9.29	-1.81	-10.27	-3.95	-0.98	2.49	0.82	-4.85	-4.23	-3.01	-3.94	-1.42
Diluted Weighted Avg Shares	1	1	1	1	1	1	2	3	5	5	6	7	8	12	21
Diluted EPS, GAAP	-143.4	-22.73	-24.19	-9.29	-1.81	-10.27	-3.95	-1.13	2.29	0.78	-4.85	-4.23	-3.01	-3.94	-1.46
Diluted EPS from Cont Ops	-143.4	-22.73	-24.19	-9.29	-1.81	-10.27	-3.95	-0.98	2.32	0.78	-4.85	-4.23	-3.01	-3.94	-1.42

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	64	43	24	23	22	8	8	20	40	39	29	27	17	10	5
+ Cash, Cash Equivalents & STI	46	32	15	13	13	2	2	12	28	26	16	14	7	3	1
+ Cash & Cash Equivalents	7	19	12	10	9	2	2	12	28	26	16	14	7	3	1
+ ST Investments	38	13	3	3	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	17	10	8	9	8	5	5	7	11	12	11	11	8	6	2
+ Accounts Receivable, Net	9	9	8	8	8	5	5	7	11	12	11	11	8	6	2
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	8	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	1	1	1	1	1	1	1	1	1	2	2	2	1	1
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	16	11	7	5	3	6	6	5	21	34	86	77	69	38	20
+ Property, Plant & Equip, Net	15	11	7	4	2	2	1	1	9	8	8	5	4	3	1
+ Property, Plant & Equip	24	24	23	23	23	21	21	21	20	19	20	18	12	11	9
- Accumulated Depreciation	9	13	16	18	20	19	20	20	11	11	12	13	8	8	7
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	- -	- -	5	5	4	13	26	78	72	65	35	19
+ Total Intangible Assets	- -	- -	- -	- -	- -	4	4	4	12	25	78	71	65	35	18
+ Goodwill	- -	- -	- -	- -	- -	4	4	4	8	12	35	35	35	11	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	1	- -	- -	5	13	43	36	30	24	18
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	- -	1	- -	- -	1	1	- -	- -	- -	- -
Total Assets	80	54	32	27	24	14	14	25	61	73	115	104	86	48	25
+ Payables & Accruals	11	7	9	7	7	5	4	3	4	5	7	7	5	3	3
+ Accounts Payable	3	2	2	2	2	2	1	1	2	2	3	3	3	2	2
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	8	5	8	6	5	3	2	2	2	3	4	4	2	2	1
+ ST Debt	- -	- -	- -	- -	- -	- -	1	- -	1	1	1	10	1	1	2
+ ST Borrowings	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	9	- -	- -	1
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	1	1	1
+ Other ST Liabilities	1	1	- -	2	- -	- -	- -	- -	- -	2	1	3	1	1	1
+ Deferred Revenue	1	1	- -	1	- -	- -	- -	- -	- -	2	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	1	1	1
Total Current Liabilities	12	8	10	9	7	6	5	3	6	8	9	21	8	6	6
+ LT Debt	- -	- -	- -	- -	- -	3	3	- -	6	5	4	3	2	1	- -
+ LT Borrowings	- -	- -	- -	- -	- -	3	3	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	6	5	4	3	2	1	- -
+ Other LT Liabilities	4	3	4	4	3	3	2	1	1	1	- -	3	1	- -	- -
+ Accrued Liabilities	4	3	4	4	3	1	1	1	1	1	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	2	1	1	- -	- -	- -	3	1	- -	- -
Total Noncurrent Liabilities	4	3	4	4	3	6	4	1	7	6	5	6	3	2	- -
Total Liabilities	15	12	13	12	10	11	9	5	13	14	14	27	10	7	7
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	208	211	215	223	225	229	238	257	274	280	353	358	381	395	403
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	208	211	215	223	225	229	237	257	274	280	353	358	381	395	403
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-143	-169	-196	-208	-211	-226	-233	-236	-225	-221	-252	-282	-306	-355	-385
+ Other Equity	- -	- -	-196	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	65	43	18	15	14	3	5	21	49	59	101	76	75	41	18
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	65	43	18	15	14	3	5	21	49	59	101	76	75	41	18
Total Liabilities & Equity	80	54	32	27	24	14	14	25	61	73	115	104	86	48	25
Shares Outstanding	1	1	1	1	1	2	2	4	5	5	7	7	9	18	26
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	7	6	6	4	3	3	1
Net Debt	-7	-19	-12	-10	-9	- -	2	-12	-28	-26	-16	-5	-7	-3	- -
Net Debt to Equity	-11.52	-44.24	-64.74	-68.21	-62.88	11.8	34	-59.13	-58.06	-43.86	-15.99	-6.57	-9.45	-6.89	-2.65
Tangible Common Equity Ratio	81.13	78.43	57.62	54.41	57.31	-13.89	4.07	78.2	74.39	70.41	62.13	15.57	51.5	45.58	-1.57
Current Ratio	5.57	5.22	2.47	2.58	3.02	1.44	1.65	5.94	6.99	4.69	3.06	1.28	2.21	1.77	0.74
Cash Conversion Cycle	26.58	-29.14	9.15	20.82	5.82	-1.58	-35.91	-19.77	-73.29	-69.65	-8.59	-4.61	-17.28	-5.87	-69.65

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-160	-25	-28	-12	-3	-15	-7	-3	11	4	-31	-29	-24	-49	-29
+ Depreciation & Amortization	10	4	4	3	2	1	1	1	1	4	9	8	7	6	5
+ Non-Cash Items	124	4	5	4	2	1	2	2	2	4	19	3	10	28	13
+ Stock-Based Compensation	7	4	4	4	2	2	1	1	1	3	5	5	5	5	4
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	113	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	24	11
+ Other Non-Cash Adj	4	- -	1	- -	- -	- -	1	1	1	- -	14	-2	6	-1	-1
+ Chg in Non-Cash Work Cap	12	4	2	-2	-2	1	-3	-3	-4	-3	-10	-1	- -	1	3
+ (Inc) Dec in Accts Receiv	15	6	1	-1	- -	3	- -	-2	-4	-1	8	- -	3	2	4
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-2	-3	2	-2	-1	-2	-3	-1	- -	-2	-16	-1	-3	-2	-1
+ Inc (Dec) in Other	- -	1	-1	1	-1	-1	- -	- -	- -	- -	-1	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-14	-13	-17	-7	- -	-12	-7	-3	10	8	-13	-19	-7	-14	-7
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	-1	- -	5	- -	- -	2	18	- -	- -	60	3	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	5	- -	- -	2	18	- -	- -	60	3	- -	- -	- -
+ Decrease in Capital Stock	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	16	25	10	- -	-1	4	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	16	25	10	- -	- -	4	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	-2	- -	- -	-4	-14	-57	- -	- -	- -	1
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	-2	- -	- -	-4	-14	-57	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-13	- -	-1	- -	- -	- -	- -	- -	-1	-1	-1	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	3	25	9	- -	-1	1	- -	- -	-5	-15	-58	- -	- -	- -	1
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	- -	- -	4	3	-4	- -	- -	- -	15	- -	- -	1
+ Cash From Debt	- -	- -	- -	- -	- -	4	3	- -	- -	- -	- -	15	- -	- -	1
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	-4	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	- -	- -	- -	- -	- -	2	- -	12	4	1	-1	- -	10	3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	-1	- -	5	- -	4	7	13	11	4	61	17	- -	10	5
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-10	11	-7	-2	-1	-7	- -	10	16	-3	-10	-2	-7	-4	-1
EBITDA	-39	-22	-18	-6	-1	-14	-5	- -	12	7	-9	-23	-11	-19	-14
EBITDA Margin (%)	-68.21	-51.54	-42.7	-17.24	-1.6	-48.91	-21.22	-1	26.85	13.85	-14.95	-48.17	-26.09	-92.93	-79.75
Free Cash Flow	-14	-13	-17	-7	- -	-12	-7	-3	10	8	-13	-19	-7	-14	-7
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	2	- -	- -	4	14	57	- -	- -	- -	-1
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	10	8	- -	- -	- -	- -	- -
Free Cash Flow to Equity	-14	-13	-17	-7	- -	-8	-4	-7	10	8	-13	-4	-7	-14	-7
Free Cash Flow per Basic Share	-12.17	-11.43	-14.34	-5.39	-0.04	-7.7	-4.4	-1.03	2.32	1.55	-2.02	-2.78	-0.86	-1.16	-0.35
Price/Free Cash Flow	-2.97	-4.2	-3.3	-5.76	-609.05	-1.63	-5.16	-13.98	14.74	29.25	-19.52	-6.04	-7.69	-1.13	-1.55
Cash Flow to Net Income	0.08	0.5	0.59	0.58	0.02	0.75	1.11	1.05	0.93	1.9	0.42	0.66	0.29	0.29	0.25
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -