Smith Micro Software (SMSI) Tops Q1 EPS by 1c, Revenues Miss

Smith Micro Software (NASDAQ: SMSI) reported Q1 EPS of $0.02, $0.01 better than the analyst estimate of $0.01. Revenue for the quarter came in at $11.4 million versus the consensus estimate of $12.44 million.

“I’m incredibly proud of what we accomplished during the first quarter,” said William W. Smith, Jr., President and CEO of Smith Micro Software. “We announced the largest acquisition in Company history and also raised additional capital in a successful follow-on public offering. Bolstered by our strengthened employee base and diversified customer portfolio, we believe we are well positioned to maximize revenues throughout the rest of the year and beyond.”

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

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