Smith Micro Software (SMSI) Prelim. Q3 Revenue Misses Expectations
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Smith Micro Announces Preliminary Revenue Results for its Third Quarter of Fiscal Year 2016
October 13, 2016 4:05 PM EDTALISO VIEJO, Calif., Oct. 13, 2016 /PRNewswire/ -- Smith Micro Software (NASDAQ: SMSI) today announced preliminary revenue results for its fiscal third quarter ended, September 30, 2016. Preliminary revenue for the quarter is expected to be approximately $6.5 million, which is below the company's previously announced guidance of revenue in the range of $7.9 million to $8.4 million.
Revenue during the quarter was significantly impacted by several large deals that were not closed as expected. We still expect to close these deals in subsequent quarters.  The company will... More
