Yahoo Finance Smith Micro Software First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Smith Micro Software (NASDAQ:SMSI) First Quarter 2024 Results
Key Financial Results
Revenue: US$5.80m (down 47% from 1Q 2023).
Net loss: US$31.0m (loss widened by 350% from 1Q 2023).
US$3.28 loss per share (further deteriorated from US$0.89 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Smith Micro Software Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are up 11% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for Smith Micro Software that you need to be mindful of.
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