Smith Micro Software Inc
NASDAQ:SMSI
Income Statement
Earnings Waterfall
Smith Micro Software Inc
Revenue
|
40.9m
USD
|
Cost of Revenue
|
-10.6m
USD
|
Gross Profit
|
30.3m
USD
|
Operating Expenses
|
-48.4m
USD
|
Operating Income
|
-18.1m
USD
|
Other Expenses
|
-6.3m
USD
|
Net Income
|
-24.4m
USD
|
Income Statement
Smith Micro Software Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
43
N/A
|
40
-7%
|
38
-5%
|
38
+2%
|
37
-3%
|
39
+6%
|
40
+2%
|
40
+0%
|
40
-1%
|
36
-8%
|
34
-5%
|
31
-9%
|
28
-9%
|
27
-6%
|
25
-6%
|
24
-3%
|
23
-5%
|
23
-1%
|
24
+5%
|
25
+3%
|
26
+7%
|
29
+11%
|
33
+13%
|
38
+16%
|
43
+13%
|
48
+11%
|
50
+4%
|
51
+2%
|
51
+0%
|
49
-4%
|
52
+6%
|
56
+7%
|
58
+4%
|
60
+2%
|
57
-5%
|
52
-8%
|
49
-6%
|
47
-4%
|
44
-5%
|
44
-2%
|
41
-6%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(10)
|
(10)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(8)
|
(10)
|
(13)
|
(15)
|
(15)
|
(15)
|
(14)
|
(14)
|
(13)
|
(12)
|
(11)
|
|
Gross Profit |
33
N/A
|
30
-9%
|
28
-7%
|
29
+4%
|
28
-4%
|
30
+8%
|
31
+4%
|
32
+1%
|
31
-1%
|
28
-11%
|
26
-6%
|
23
-11%
|
21
-11%
|
20
-4%
|
19
-5%
|
19
0%
|
18
-5%
|
18
-1%
|
19
+7%
|
20
+5%
|
22
+10%
|
25
+15%
|
29
+16%
|
35
+18%
|
39
+14%
|
44
+12%
|
46
+4%
|
46
+1%
|
46
-1%
|
44
-5%
|
45
+2%
|
46
+3%
|
46
-1%
|
45
-2%
|
41
-8%
|
37
-11%
|
34
-7%
|
33
-4%
|
32
-4%
|
32
+1%
|
30
-5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(55)
|
(57)
|
(45)
|
(40)
|
(37)
|
(37)
|
(33)
|
(33)
|
(34)
|
(34)
|
(35)
|
(36)
|
(36)
|
(34)
|
(30)
|
(26)
|
(24)
|
(23)
|
(23)
|
(23)
|
(23)
|
(24)
|
(25)
|
(27)
|
(29)
|
(32)
|
(35)
|
(39)
|
(43)
|
(45)
|
(53)
|
(60)
|
(64)
|
(80)
|
(79)
|
(64)
|
(64)
|
(63)
|
(57)
|
(51)
|
(48)
|
|
Selling, General & Administrative |
(34)
|
(31)
|
(28)
|
(25)
|
(23)
|
(21)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(19)
|
(17)
|
(16)
|
(15)
|
(15)
|
(14)
|
(14)
|
(14)
|
(15)
|
(16)
|
(17)
|
(17)
|
(19)
|
(20)
|
(21)
|
(22)
|
(22)
|
(24)
|
(27)
|
(30)
|
(25)
|
(24)
|
(23)
|
(28)
|
(28)
|
(27)
|
(25)
|
(24)
|
|
Research & Development |
(21)
|
(20)
|
(17)
|
(15)
|
(14)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(15)
|
(16)
|
(16)
|
(14)
|
(13)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(11)
|
(12)
|
(12)
|
(14)
|
(16)
|
(18)
|
(19)
|
(22)
|
(24)
|
(26)
|
(27)
|
(28)
|
(28)
|
(30)
|
(28)
|
(24)
|
(20)
|
(17)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(3)
|
(5)
|
(6)
|
(9)
|
(8)
|
(15)
|
(14)
|
(13)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
|
Other Operating Expenses |
0
|
(6)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
(13)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(22)
N/A
|
(27)
-21%
|
(17)
+36%
|
(11)
+36%
|
(9)
+16%
|
(7)
+29%
|
(2)
+67%
|
(2)
+17%
|
(3)
-40%
|
(6)
-149%
|
(9)
-43%
|
(13)
-43%
|
(15)
-20%
|
(14)
+10%
|
(11)
+19%
|
(8)
+31%
|
(6)
+19%
|
(6)
+9%
|
(4)
+25%
|
(3)
+29%
|
(1)
+67%
|
1
N/A
|
4
+247%
|
7
+85%
|
10
+40%
|
12
+17%
|
11
-13%
|
7
-31%
|
4
-52%
|
(2)
N/A
|
(8)
-398%
|
(14)
-70%
|
(18)
-28%
|
(35)
-93%
|
(37)
-8%
|
(27)
+28%
|
(30)
-11%
|
(30)
+0%
|
(25)
+15%
|
(20)
+23%
|
(18)
+7%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(3)
|
(4)
|
(1)
|
(1)
|
1
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
(13)
|
0
|
0
|
3
|
2
|
3
|
1
|
(3)
|
(2)
|
|
Non-Reccuring Items |
(6)
|
0
|
(8)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
0
|
0
|
0
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
(4)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Pre-Tax Income |
(28)
N/A
|
(27)
+3%
|
(25)
+6%
|
(13)
+47%
|
(12)
+12%
|
(7)
+44%
|
(2)
+67%
|
(2)
+18%
|
(3)
-40%
|
(6)
-149%
|
(8)
-33%
|
(12)
-47%
|
(16)
-29%
|
(15)
+5%
|
(13)
+9%
|
(10)
+22%
|
(7)
+31%
|
(7)
+7%
|
(7)
-3%
|
(6)
+10%
|
(3)
+57%
|
(0)
+89%
|
5
N/A
|
10
+86%
|
11
+10%
|
13
+19%
|
11
-16%
|
7
-31%
|
4
-42%
|
(1)
N/A
|
(8)
-699%
|
(26)
-249%
|
(31)
-18%
|
(35)
-12%
|
(38)
-9%
|
(25)
+33%
|
(29)
-16%
|
(29)
+1%
|
(26)
+10%
|
(25)
+3%
|
(24)
+5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Income from Continuing Operations |
(28)
|
(27)
|
(25)
|
(14)
|
(12)
|
(7)
|
(2)
|
(2)
|
(3)
|
(6)
|
(8)
|
(12)
|
(15)
|
(15)
|
(13)
|
(10)
|
(7)
|
(6)
|
(6)
|
(6)
|
(3)
|
(0)
|
5
|
10
|
11
|
13
|
11
|
7
|
4
|
(1)
|
(8)
|
(26)
|
(31)
|
(35)
|
(38)
|
(25)
|
(29)
|
(29)
|
(26)
|
(26)
|
(24)
|
|
Net Income (Common) |
(28)
N/A
|
(27)
+4%
|
(25)
+6%
|
(14)
+47%
|
(12)
+13%
|
(7)
+44%
|
(2)
+67%
|
(2)
+17%
|
(3)
-44%
|
(6)
-142%
|
(8)
-33%
|
(12)
-46%
|
(15)
-25%
|
(15)
+5%
|
(13)
+9%
|
(10)
+22%
|
(7)
+35%
|
(6)
+6%
|
(7)
-7%
|
(6)
+10%
|
(3)
+49%
|
(1)
+80%
|
5
N/A
|
10
+88%
|
11
+9%
|
13
+19%
|
11
-16%
|
7
-32%
|
4
-42%
|
(1)
N/A
|
(8)
-593%
|
(26)
-244%
|
(31)
-17%
|
(35)
-12%
|
(38)
-9%
|
(25)
+34%
|
(29)
-16%
|
(29)
+0%
|
(26)
+10%
|
(26)
+3%
|
(24)
+5%
|
|
EPS (Diluted) |
-3.02
N/A
|
-2.85
+6%
|
-2.63
+8%
|
-1.31
+50%
|
-1.16
+11%
|
-0.58
+50%
|
-0.2
+66%
|
-0.16
+20%
|
-0.23
-44%
|
-0.55
-139%
|
-0.72
-31%
|
-1
-39%
|
-1.28
-28%
|
-1.2
+6%
|
-1
+17%
|
-0.71
+29%
|
-0.49
+31%
|
-0.41
+16%
|
-0.3
+27%
|
-0.24
+20%
|
-0.14
+42%
|
-0.01
+93%
|
0.16
N/A
|
0.24
+50%
|
0.29
+21%
|
0.29
N/A
|
0.26
-10%
|
0.17
-35%
|
0.1
-41%
|
-0.03
N/A
|
-0.16
-433%
|
-0.5
-213%
|
-0.61
-22%
|
-0.64
-5%
|
-0.69
-8%
|
-0.45
+35%
|
-0.53
-18%
|
-0.47
+11%
|
-0.44
+6%
|
-0.38
+14%
|
-3.01
-692%
|