Smith Micro Software: Q1 Earnings Insights

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Smith Micro Software SMSI reported its Q1 earnings results on Thursday, May 11, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Smith Micro Software beat estimated earnings by 25.0%, reporting an EPS of $-0.06 versus an estimate of $-0.08.

Revenue was down $1.80 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.0 which was followed by a 10.45% drop in the share price the next day.

Here's a look at Smith Micro Software's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.08 -0.09 -0.07 -0.08
EPS Actual -0.08 -0.09 -0.09 -0.08
Revenue Estimate 11.51M 11.71M 12.34M 12.26M
Revenue Actual 11.40M 11.70M 12.67M 12.73M

To track all earnings releases for Smith Micro Software visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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SMSISmith Micro Software Inc
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