Smith Micro Software (SMSI) Reports Q1 Loss of $0.10

Smith Micro Software (NASDAQ: SMSI) reported Q1 EPS of ($0.10).

• Smith Micro Software reported revenue of $5.5 million for the first quarter ended March 31, 2018, compared to $5.6 million reported in the first quarter ended March 31, 2017.
• First quarter 2018 gross profit was $4.2 million, compared to $4.3 million reported in the first quarter of 2017.
• Generally accepted accounting principles in the United States (“GAAP”) gross profit as a percentage of revenue was 76 percent for the first quarter of 2018, compared to 77 percent for the first quarter of 2017.
• GAAP net loss for the first quarter of 2018 was $2.4 million, or $0.16 loss per share, compared to a GAAP net loss of $2.9 million, or $0.24 loss per share, for the first quarter of 2017.
• Non-GAAP net loss (which excludes non-cash stock-based compensation, amortization of intangibles, debt issuance and discount costs, fair value adjustments, and a normalized tax benefit) for the first quarter of 2018 was $1.5 million, or $0.10 loss per share, compared to a non-GAAP net loss of $1.4 million, or $0.11 loss per share, for the first quarter of 2017.

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

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