Smith Micro Software (SMSI) Reports In-Line Q4 EPS

Smith Micro Software (NASDAQ: SMSI) reported Q4 EPS of $0.03, in-line with the analyst estimate of $0.03. Revenue for the quarter came in at $12.4 million versus the consensus estimate of $12.07 million.

“2020 was a very successful year for Smith Micro,” said William W. Smith, Jr., President and CEO of Smith Micro Software. “Despite unique challenges caused by a global pandemic, we achieved our best fiscal year in nearly a decade and grew annual revenues 18% year-over-year.

“During 2020, we also strengthened our future business case and technology portfolio by completing the integration of Circle’s parental controls and enhancing our SafePath® Connected Lifestyle Platform with new driver safety functionality, while also bringing to market key functionality for our ViewSpot® smart retail solution,” Smith continued. “Despite the substantial capital investment that these activities required, we remained profitable throughout the year and generated $7.9 million in cash from operations.”

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

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• MIND Technology (MIND) Misses Q1 EPS by 5c
• Medtronic completes $550 million Scientia Vascular acquisition