Smith Micro Software (NASDAQ:SMSI) Posts Quarterly Earnings Results

Smith Micro Software (NASDAQ:SMSI) issued its earnings results on Thursday. The software maker reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.14), Zacks reports. The firm had revenue of $5.14 million during the quarter, compared to the consensus estimate of $5.40 million. Smith Micro Software had a negative net margin of 135.79% and a negative return on equity of 16.04%. During the same quarter in the previous year, the firm earned ($0.24) earnings per share.

Smith Micro Software Stock Performance

Smith Micro Software stock traded down $0.50 during midday trading on Friday, hitting $1.98. 166,350 shares of the company’s stock were exchanged, compared to its average volume of 96,206. Smith Micro Software has a 52-week low of $1.88 and a 52-week high of $14.96. The stock has a 50-day moving average price of $2.28 and a two-hundred day moving average price of $3.27. The company has a market cap of $19.01 million, a P/E ratio of -0.37 and a beta of 0.70.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Smith Micro Software in a research report on Sunday, April 14th. They issued a “hold” rating for the company.

Smith Micro Software Company Profile

Smith Micro Software, Inc engages in the development and sale of software to enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa. The company offers SafePath Family, SafePath IoT, SafePath Home, and SafePath Premium product suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service provides deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language voice-to-text (VTT) transcription messaging.