Smith Micro Software (SMSI) Tops Q2 EPS by 2c, Revenues Beat

Smith Micro Software (NASDAQ: SMSI) reported Q2 EPS of $0.07, $0.02 better than the analyst estimate of $0.05. Revenue for the quarter came in at $12.9 million versus the consensus estimate of $12.18 million.

“I am pleased with our results for the first half of 2020, particularly with our ongoing R&D efforts as we continue to ramp product development to meet the demands of our growing customer base,” said William W. Smith, Jr., President and CEO of Smith Micro. “In the second quarter, we remained profitable, generated free cash flow, readied our SafePath® platform for launch with a new wireless carrier, and deployed our ViewSpot® solution at another carrier - all while navigating the unique demands of doing business during the COVID-19 pandemic.”

For earnings history and earnings-related data on Smith Micro Software (SMSI) click here.

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