Smith Micro Software, Inc. SMSI today reported financial results for its 2010 third quarter ended September 30, 2010.
Smith Micro reported record revenue of $34.0 million for the third quarter ended September 30, 2010, a 22.2% increase over the $27.8 million reported in the third quarter ended September 30, 2009.
Non-GAAP net income for the third quarter of 2010 increased to $7.9 million, or $0.23 per diluted share, compared to $6.6 million, or $0.20 per diluted share, reported in the third quarter of 2009.
GAAP gross profit of $83.8 million increased $18.2 million, or 27.7%, for the nine months ended September 30, 2010, compared to $65.6 million for the nine months ended September 30, 2009. Non-GAAP gross profit (which excludes amortization of intangibles, stock compensation and non-cash tax expense) was $88.4 million for the nine months ended September 30, 2010, an increase of $19.1 million, or 27.5%, from the same period last year.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in