Overview

* Smith Micro Q3 revenue declined yr/yr, missing analyst expectations

* Company reports GAAP net loss for Q3, smaller than last year's loss

* Gross profit margin improved to 73.9% from 71.6% yr/yr

Outlook

* Smith Micro did not provide specific financial guidance for future quarters in its press release

Result Drivers

* FAMILY DIGITAL LIFESTYLE - Smith Micro emphasizes its Family Digital Lifestyle offering as a key growth opportunity, aligning with carrier market trends

* OPERATIONAL STREAMLINING - Co has streamlined operations for faster and more agile delivery, aiming to strengthen its financial foundation

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $4.35 $4.60

Revenue mln mln (2

Analysts

)

Q3 Net -$4.54

Income mln

Q3 Gross $3.21

Profit mln

Q3 $7.70

Operatin mln

g

Expenses

Q3 -$4.49

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Smith Micro Software Inc ( SMSI ) is $4.00, about 83.2% above its November 4 closing price of $0.67

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)