Smith Micro Software, Inc. (SMSI) 10-Year Financial Performance & Capital Metrics

SMSI • • Industrial / General

TechnologyApplication SoftwareSecurity & Identity ManagementSmart Home Security

AboutSmith Micro Software, Inc. develops and sells software to enhance the mobile experience to wireless and cable service providers worldwide. It offers SafePath Family, SafePath IoT, and SafePath Home 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 providers deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language Voice-to-Text transcription messaging. It also offers ViewSpot, a retail display management platform that provides on-screen and interactive demos to wireless carriers and retailers; and technical support and customer services. The company was founded in 1982 and is headquartered in Pittsburgh, Pennsylvania.Show more

Revenue $21M -49.7%
EBITDA -$43M -304.2%
Net Income -$49M -99.6%
EPS (Diluted) -3.94 -30.9%
Gross Margin 70.2% -5.3%
EBITDA Margin -209.63% -703.6%
Operating Margin -240.28% -443.8%
Net Margin -236.91% -296.8%
ROE -83.85% -160.8%
ROIC -66.12% -259.6%
Debt/Equity 0.06 +45.5%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.2x book value

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Weak momentum: RS Rating 13 (bottom 13%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 13.9% over 5 years
✗Shares diluted 52.4% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.7%

5Y-13.86%

3Y-29.4%

TTM-24.07%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM42.83%

EPS CAGR

10Y-

5Y-

3Y-

TTM67.43%

ROCE

10Y Avg-34.95%

5Y Avg-33.61%

3Y Avg-45.82%

Latest-82.09%

Peer Comparison

Smart Home Security

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ALRMAlarm.com Holdings, Inc.	2.53B	50.76	22.17	6.59%	12.92%	14.51%	7.75%	1.37
SMSISmith Micro Software, Inc.	14.62M	0.58	-0.15	-49.7%	-158.87%	-146.63%		0.06
MYSEMyseum Inc.	8.02M	1.88	-1.31	-35.12%	-8154.64%	-83.2%
IPMIntelligent Protection Management Corp.	16.54M	1.82	-2	14.16%	-58.58%	-36.32%		0.01
CSAICLOUDASTRUCTURE, INC.	18.05M	0.93	-2.06	124.71%	-210.71%	-115.34%
SMRTSmartRent, Inc.	329.21M	1.74	-10.24	-26.16%	-45.45%	-29.32%		0.02
JAMFJamf Holding Corp.	1.75B	13.02	-24.57	11.92%	-5.98%	-5.25%	1.27%	0.52
LIFLife360, Inc.	4.69B	59.79	-946.04	21.99%	6.46%	7.58%	0.59%	0.00

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	39.51M	28.23M	22.97M	26.29M	43.35M	51.3M	58.42M	48.51M	40.86M	20.55M
Revenue Growth %	0.07%	-0.29%	-0.19%	0.14%	0.65%	0.18%	0.14%	-0.17%	-0.16%	-0.5%
Cost of Goods Sold+	8.15M	7.56M	5.08M	4.33M	3.93M	5.19M	12.7M	14.21M	10.56M	6.13M
COGS % of Revenue	0.21%	0.27%	0.22%	0.16%	0.09%	0.1%	0.22%	0.29%	0.26%	0.3%
Gross Profit+	31.36M	20.67M	17.89M	21.95M	39.42M	46.11M	45.72M	34.3M	30.3M	14.43M
Gross Margin %	0.79%	0.73%	0.78%	0.84%	0.91%	0.9%	0.78%	0.71%	0.74%	0.7%
Gross Profit Growth %	0.13%	-0.34%	-0.13%	0.23%	0.8%	0.17%	-0.01%	-0.25%	-0.12%	-0.52%
Operating Expenses+	33.89M	35.86M	23.69M	22.99M	29.31M	42.59M	76.66M	65.23M	48.36M	63.82M
OpEx % of Revenue	0.86%	1.27%	1.03%	0.87%	0.68%	0.83%	1.31%	1.34%	1.18%	3.1%
Selling, General & Admin	20.03M	19.96M	14.74M	14.39M	17.44M	21.9M	29.5M	29.05M	23.87M	19.46M
SG&A % of Revenue	0.51%	0.71%	0.64%	0.55%	0.4%	0.43%	0.5%	0.6%	0.58%	0.95%
Research & Development	13.86M	15.91M	8.95M	8.6M	11.68M	17.77M	26.2M	29.87M	17.14M	14.09M
R&D % of Revenue	0.35%	0.56%	0.39%	0.33%	0.27%	0.35%	0.45%	0.62%	0.42%	0.69%
Other Operating Expenses	0	-22K	-8K	-26K	194K	2.92M	20.96M	6.31M	7.34M	30.27M
Operating Income+	-2.54M	-15.9M	-5.67M	-1.21M	10.11M	3.52M	-30.94M	-30.93M	-18.05M	-49.39M
Operating Margin %	-0.06%	-0.56%	-0.25%	-0.05%	0.23%	0.07%	-0.53%	-0.64%	-0.44%	-2.4%
Operating Income Growth %	0.78%	-5.27%	0.64%	0.79%	9.32%	-0.65%	-9.79%	0%	0.42%	-1.74%
EBITDA+	-634K	-14.52M	-4.75M	-435K	11.45M	7.1M	-21.6M	-22.23M	-10.66M	-43.09M
EBITDA Margin %	-0.02%	-0.51%	-0.21%	-0.02%	0.26%	0.14%	-0.37%	-0.46%	-0.26%	-2.1%
EBITDA Growth %	0.93%	-21.91%	0.67%	0.91%	27.31%	-0.38%	-4.04%	-0.03%	0.52%	-3.04%
D&A (Non-Cash Add-back)	1.9M	1.38M	922K	779K	1.34M	3.58M	9.34M	8.7M	7.39M	6.3M
EBIT	-2.54M	-15.19M	-5.8M	-1.04M	10.3M	3.52M	-18.07M	-26.37M	-18.05M	-25.4M
Net Interest Income+	1K	-313K	-1.12M	-472K	228K	96K	34K	-2.68M	-6.35M	112K
Interest Income	0	0	0	0	228K	96K	34K	0	0	112K
Interest Expense	4K	313K	1.12M	472K	0	0	0	2.68M	6.35M	0
Other Income/Expense	4K	333K	-1.53M	-1.51M	697K	804K	110K	1.87M	-6.18M	680K
Pretax Income+	-2.53M	-15.57M	-7.21M	-2.73M	10.8M	4.33M	-30.83M	-29.05M	-24.24M	-48.71M
Pretax Margin %	-0.06%	-0.55%	-0.31%	-0.1%	0.25%	0.08%	-0.53%	-0.6%	-0.59%	-2.37%
Income Tax+	68K	-229K	-546K	13K	80K	160K	215K	226K	158K	-13K
Effective Tax Rate %	1.03%	0.99%	0.92%	1%	0.99%	0.96%	1.01%	1.01%	1.01%	1%
Net Income+	-2.6M	-15.34M	-6.66M	-2.74M	10.72M	4.17M	-31.04M	-29.28M	-24.4M	-48.7M
Net Margin %	-0.07%	-0.54%	-0.29%	-0.1%	0.25%	0.08%	-0.53%	-0.6%	-0.6%	-2.37%
Net Income Growth %	0.78%	-4.9%	0.57%	0.59%	4.91%	-0.61%	-8.45%	0.06%	0.17%	-1%
Net Income (Continuing)	-2.6M	-15.34M	-6.66M	-2.74M	10.72M	4.17M	-31.04M	-29.28M	-24.4M	-48.7M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.81	-10.27	-3.95	-0.98	2.32	0.80	-4.85	-4.23	-3.01	-3.94
EPS Growth %	0.81%	-4.67%	0.62%	0.75%	3.37%	-0.66%	-7.06%	0.13%	0.29%	-0.31%
EPS (Basic)	-1.84	-10.27	-3.95	-0.98	2.46	0.82	-4.88	-4.24	-3.04	-3.94
Diluted Shares Outstanding	1.44M	1.49M	1.69M	2.79M	4.62M	5.35M	6.4M	6.93M	8.11M	12.37M
Basic Shares Outstanding	1.41M	1.49M	1.69M	2.79M	4.57M	5.21M	6.36M	6.91M	8.03M	12.37M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	21.79M	7.92M	7.93M	20.08M	39.96M	39.29M	28.66M	26.51M	16.88M	10M
Cash & Short-Term Investments	12.9M	2.23M	2.21M	12.16M	28.27M	25.75M	16.08M	14.03M	7.13M	2.81M
Cash Only	8.82M	2.23M	2.21M	12.16M	28.27M	25.75M	16.08M	14.03M	7.13M	2.81M
Short-Term Investments	4.08M	0	0	0	0	0	0	0	0	0
Accounts Receivable	8.16M	4.96M	5.14M	7.13M	10.89M	12.35M	10.59M	10.5M	7.91M	5.72M
Days Sales Outstanding	75.37	64.14	81.74	99.01	91.73	87.85	66.16	79.01	70.67	101.59
Inventory	39K	12K	0	0	0	0	0	0	0	0
Days Inventory Outstanding	1.75	0.58	-	-	-	-	-	-	-	-
Other Current Assets	0	-12K	576K	795K	0	0	0	1.98M	1.84M	1.47M
Total Non-Current Assets+	2.69M	6.39M	5.95M	5.12M	21.23M	33.61M	85.85M	77.07M	68.7M	38.05M
Property, Plant & Equipment	2.49M	1.81M	1.23M	865K	8.57M	7.96M	7.55M	5.22M	3.64M	2.9M
Fixed Asset Turnover	15.85x	15.59x	18.69x	30.39x	5.06x	6.45x	7.73x	9.29x	11.22x	7.08x
Goodwill	0	3.69M	3.69M	3.69M	7.8M	12.27M	35.04M	35.04M	35.04M	11.05M
Intangible Assets	0	745K	487K	238K	4.54M	12.7M	42.63M	36.32M	29.53M	23.6M
Long-Term Investments	0	-48K	0	0	0	0	0	0	0	0
Other Non-Current Assets	195K	149K	146K	140K	234K	694K	620K	490K	482K	496K
Total Assets+	24.47M	14.31M	13.88M	25.2M	61.2M	72.9M	114.51M	103.58M	85.58M	48.05M
Asset Turnover	1.61x	1.97x	1.66x	1.04x	0.71x	0.70x	0.51x	0.47x	0.48x	0.43x
Asset Growth %	-0.11%	-0.42%	-0.03%	0.82%	1.43%	0.19%	0.57%	-0.1%	-0.17%	-0.44%
Total Current Liabilities+	7.21M	5.51M	4.82M	3.38M	5.72M	8.37M	9.37M	20.73M	7.64M	5.65M
Accounts Payable	1.71M	1.91M	1.33M	1.16M	2.05M	2.28M	3.3M	3.24M	2.52M	1.74M
Days Payables Outstanding	76.47	92.02	95.74	97.72	190.54	160.49	94.89	83.12	87.18	103.55
Short-Term Debt	0	0	1M	0	0	0	0	9.01M	0	0
Deferred Revenue (Current)	440K	98K	73K	28K	98K	1000K	176K	0	0	0
Other Current Liabilities	2.14M	1.11M	416K	450K	0	0	436K	3.16M	1.14M	940K
Current Ratio	3.02x	1.44x	1.65x	5.94x	6.99x	4.69x	3.06x	1.28x	2.21x	1.77x
Quick Ratio	3.02x	1.44x	1.65x	5.94x	6.99x	4.69x	3.06x	1.28x	2.21x	1.77x
Cash Conversion Cycle	0.64	-27.3	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	3.23M	5.74M	4.49M	1.26M	6.79M	5.82M	4.58M	6.47M	2.54M	1.64M
Long-Term Debt	0	2.59M	2.76M	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	5.77M	4.8M	4.47M	2.98M	1.78M	1.29M
Deferred Tax Liabilities	0	181K	171K	119K	0	59K	117K	178K	168K	128K
Other Non-Current Liabilities	3.23M	2.97M	1.74M	1.26M	1.02M	953K	0	3.32M	597K	224K
Total Liabilities	10.45M	11.25M	9.31M	4.64M	12.51M	14.19M	13.95M	27.2M	10.19M	7.29M
Total Debt+	0	2.59M	3.76M	0	7M	6.24M	5.87M	13.42M	3.26M	2.57M
Net Debt	-8.82M	361K	1.55M	-12.16M	-21.27M	-19.52M	-10.21M	-602K	-3.86M	-242K
Debt / Equity	-	0.85x	0.82x	-	0.14x	0.11x	0.06x	0.18x	0.04x	0.06x
Debt / EBITDA	-	-	-	-	0.61x	0.88x	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-1.86x	-2.75x	-	-	-	-
Interest Coverage	-634.50x	-50.81x	-5.07x	-2.57x	-	-	-	-11.54x	-2.84x	-
Total Equity+	14.03M	3.06M	4.57M	20.56M	48.68M	58.72M	100.56M	76.38M	75.39M	40.76M
Equity Growth %	-0.06%	-0.78%	0.49%	3.5%	1.37%	0.21%	0.71%	-0.24%	-0.01%	-0.46%
Book Value per Share	9.77	2.05	2.71	7.37	10.53	10.98	15.70	11.03	9.29	3.30
Total Shareholders' Equity	14.03M	3.06M	4.57M	20.56M	48.68M	58.72M	100.56M	76.38M	75.39M	40.76M
Common Stock	46K	12K	14K	28K	38K	41K	54K	56K	75K	18K
Retained Earnings	-210.89M	-226.23M	-232.93M	-236.09M	-225.4M	-221.23M	-252.27M	-281.55M	-305.95M	-354.64M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-211M	-226M	-233M	-20.1M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-55K	-11.5M	-7.42M	-2.87M	9.99M	7.92M	-12.92M	-19.26M	-6.97M	-14.29M
Operating CF Margin %	-0%	-0.41%	-0.32%	-0.11%	0.23%	0.15%	-0.22%	-0.4%	-0.17%	-0.7%
Operating CF Growth %	0.99%	-208.15%	0.36%	0.61%	4.48%	-0.21%	-2.63%	-0.49%	0.64%	-1.05%
Net Income	-2.6M	-15.34M	-6.66M	-2.74M	10.72M	4.17M	-31.04M	-29.28M	-24.4M	-48.7M
Depreciation & Amortization	1.9M	1.38M	922K	779K	1.34M	4.69M	9.34M	7.56M	7.39M	6.3M
Stock-Based Compensation	2.16M	1.53M	1.17M	935K	1.49M	0	4.85M	4.95M	0	0
Deferred Taxes	0	-137K	-585K	213K	97K	153K	58K	61K	-10K	-40K
Other Non-Cash Items	75K	19K	917K	1.16M	815K	2.31M	13.92M	-197K	10.43M	27.62M
Working Capital Changes	-1.59M	1.05M	-3.18M	-3.22M	-4.48M	-3.4M	-10.04M	-2.35M	-388K	524K
Change in Receivables	40K	3.37M	-365K	-1.9M	-3.81M	-1.27M	7.94M	85K	2.59M	2.19M
Change in Inventory	10K	16K	154K	-197K	0	0	16.31M	0	0	0
Change in Payables	-1.36M	-1.97M	-2.95M	-1.08M	0	-1.93M	-16.31M	-2.57M	-2.83M	-1.93M
Cash from Investing+	-1.32M	1.09M	-77K	-173K	-5.26M	-14.68M	-57.5M	115K	132K	178K
Capital Expenditures	-124K	-500K	-77K	-173K	-1.66M	-1.32M	-830K	-49K	-4K	-20K
CapEx % of Revenue	0%	0.02%	0%	0.01%	0.04%	0.03%	0.01%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.2M	-985K	0	0	370K	367K	192K	164K	136K	198K
Cash from Financing+	32K	3.82M	7.47M	13M	11.38M	4.24M	60.74M	17.09M	-60K	9.8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-404K	-119K	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	32K	13K	4.47M	16.61M	11.52M	0	1.03M	13.83M	-5K	5K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-179K	-12M	-7.5M	-3.05M	8.33M	6.6M	-13.75M	-19.31M	-6.98M	-14.31M
FCF Margin %	-0%	-0.43%	-0.33%	-0.12%	0.19%	0.13%	-0.24%	-0.4%	-0.17%	-0.7%
FCF Growth %	0.97%	-66.06%	0.38%	0.59%	3.73%	-0.21%	-3.08%	-0.4%	0.64%	-1.05%
FCF per Share	-0.12	-8.03	-4.45	-1.09	1.80	1.23	-2.15	-2.79	-0.86	-1.16
FCF Conversion (FCF/Net Income)	0.02x	0.75x	1.11x	1.05x	0.93x	1.90x	0.42x	0.66x	0.29x	0.29x
Interest Paid	0	21K	662K	386K	0	0	0	0	0	0
Taxes Paid	17K	27K	15K	2K	104K	0	84K	253K	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-17.99%	-179.61%	-174.69%	-21.81%	30.97%	7.76%	-38.98%	-33.09%	-32.15%	-83.85%
Return on Invested Capital (ROIC)	-38.28%	-276.54%	-89.21%	-12.54%	42.32%	7.93%	-35.82%	-27.92%	-18.39%	-66.12%
Gross Margin	79.37%	73.21%	77.88%	83.52%	90.94%	89.88%	78.27%	70.71%	74.16%	70.2%
Net Margin	-6.59%	-54.34%	-28.99%	-10.42%	24.74%	8.12%	-53.14%	-60.35%	-59.7%	-236.91%
Debt / Equity	-	0.85x	0.82x	-	0.14x	0.11x	0.06x	0.18x	0.04x	0.06x
Interest Coverage	-634.50x	-50.81x	-5.07x	-2.57x	-	-	-	-11.54x	-2.84x	-
FCF Conversion	0.02x	0.75x	1.11x	1.05x	0.93x	1.90x	0.42x	0.66x	0.29x	0.29x
Revenue Growth	6.84%	-28.53%	-18.63%	14.41%	64.91%	18.35%	13.88%	-16.96%	-15.77%	-49.7%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Wireless Business	33.55M	23.09M	18.34M	24.47M	42.6M	50.67M	58.42M	48.51M	40.86M	20.55M
Wireless Business Growth	-	-31.20%	-20.55%	33.43%	74.08%	18.93%	15.30%	-16.96%	-15.77%	-49.70%
Graphics	5.95M	5.15M	4.63M	1.81M	742K	629K	-	-	-	-
Graphics Growth	-	-13.52%	-10.04%	-60.90%	-59.03%	-15.23%	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Americas	39.01M	27.62M	22.58M	26.05M	43.24M	49.35M	55.32M	46.62M	39.71M	20.02M
Americas Growth	-	-29.20%	-18.25%	15.39%	65.95%	14.14%	12.10%	-15.73%	-14.82%	-49.59%
EMEA	239K	-	-	-	-	-	-	1.89M	1.15M	538K
EMEA Growth	-	-	-	-	-	-	-	-	-39.22%	-53.22%
E M E A	-	424K	170K	90K	67K	1.93M	3.02M	-	-	-
E M E A Growth	-	-	-59.91%	-47.06%	-25.56%	2780.60%	56.68%	-	-	-
Asia Pacific	260K	193K	225K	141K	43K	21K	76K	-	-	-
Asia Pacific Growth	-	-25.77%	16.58%	-37.33%	-69.50%	-51.16%	261.90%	-	-	-

Frequently Asked Questions

Growth & Financials

Smith Micro Software, Inc. (SMSI) reported $18.4M in revenue for fiscal year 2024. This represents a 68% decrease from $57.8M in 2011.

Smith Micro Software, Inc. (SMSI) saw revenue decline by 49.7% over the past year.

Smith Micro Software, Inc. (SMSI) reported a net loss of $29.2M for fiscal year 2024.

Dividend & Returns

Smith Micro Software, Inc. (SMSI) has a return on equity (ROE) of -83.9%. Negative ROE indicates the company is unprofitable.

Smith Micro Software, Inc. (SMSI) had negative free cash flow of $10.0M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Smith Micro Software, Inc. (SMSI) 10-Year Financial Performance & Capital Metrics

SMSI • • Industrial / General

TechnologyApplication SoftwareSecurity & Identity ManagementSmart Home Security

Revenue $21M -49.7%
EBITDA -$43M -304.2%
Net Income -$49M -99.6%
EPS (Diluted) -3.94 -30.9%
Gross Margin 70.2% -5.3%
EBITDA Margin -209.63% -703.6%
Operating Margin -240.28% -443.8%
Net Margin -236.91% -296.8%
ROE -83.85% -160.8%
ROIC -66.12% -259.6%
Debt/Equity 0.06 +45.5%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.2x book value

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Weak momentum: RS Rating 13 (bottom 13%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 13.9% over 5 years
✗Shares diluted 52.4% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.7%

5Y-13.86%

3Y-29.4%

TTM-24.07%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM42.83%

EPS CAGR

10Y-

5Y-

3Y-

TTM67.43%

ROCE

10Y Avg-34.95%

5Y Avg-33.61%

3Y Avg-45.82%

Latest-82.09%

Peer Comparison

Smart Home Security

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ALRMAlarm.com Holdings, Inc.	2.53B	50.76	22.17	6.59%	12.92%	14.51%	7.75%	1.37
SMSISmith Micro Software, Inc.	14.62M	0.58	-0.15	-49.7%	-158.87%	-146.63%		0.06
MYSEMyseum Inc.	8.02M	1.88	-1.31	-35.12%	-8154.64%	-83.2%
IPMIntelligent Protection Management Corp.	16.54M	1.82	-2	14.16%	-58.58%	-36.32%		0.01
CSAICLOUDASTRUCTURE, INC.	18.05M	0.93	-2.06	124.71%	-210.71%	-115.34%
SMRTSmartRent, Inc.	329.21M	1.74	-10.24	-26.16%	-45.45%	-29.32%		0.02
JAMFJamf Holding Corp.	1.75B	13.02	-24.57	11.92%	-5.98%	-5.25%	1.27%	0.52
LIFLife360, Inc.	4.69B	59.79	-946.04	21.99%	6.46%	7.58%	0.59%	0.00

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	39.51M	28.23M	22.97M	26.29M	43.35M	51.3M	58.42M	48.51M	40.86M	20.55M
Revenue Growth %	0.07%	-0.29%	-0.19%	0.14%	0.65%	0.18%	0.14%	-0.17%	-0.16%	-0.5%
Cost of Goods Sold+	8.15M	7.56M	5.08M	4.33M	3.93M	5.19M	12.7M	14.21M	10.56M	6.13M
COGS % of Revenue	0.21%	0.27%	0.22%	0.16%	0.09%	0.1%	0.22%	0.29%	0.26%	0.3%
Gross Profit+	31.36M	20.67M	17.89M	21.95M	39.42M	46.11M	45.72M	34.3M	30.3M	14.43M
Gross Margin %	0.79%	0.73%	0.78%	0.84%	0.91%	0.9%	0.78%	0.71%	0.74%	0.7%
Gross Profit Growth %	0.13%	-0.34%	-0.13%	0.23%	0.8%	0.17%	-0.01%	-0.25%	-0.12%	-0.52%
Operating Expenses+	33.89M	35.86M	23.69M	22.99M	29.31M	42.59M	76.66M	65.23M	48.36M	63.82M
OpEx % of Revenue	0.86%	1.27%	1.03%	0.87%	0.68%	0.83%	1.31%	1.34%	1.18%	3.1%
Selling, General & Admin	20.03M	19.96M	14.74M	14.39M	17.44M	21.9M	29.5M	29.05M	23.87M	19.46M
SG&A % of Revenue	0.51%	0.71%	0.64%	0.55%	0.4%	0.43%	0.5%	0.6%	0.58%	0.95%
Research & Development	13.86M	15.91M	8.95M	8.6M	11.68M	17.77M	26.2M	29.87M	17.14M	14.09M
R&D % of Revenue	0.35%	0.56%	0.39%	0.33%	0.27%	0.35%	0.45%	0.62%	0.42%	0.69%
Other Operating Expenses	0	-22K	-8K	-26K	194K	2.92M	20.96M	6.31M	7.34M	30.27M
Operating Income+	-2.54M	-15.9M	-5.67M	-1.21M	10.11M	3.52M	-30.94M	-30.93M	-18.05M	-49.39M
Operating Margin %	-0.06%	-0.56%	-0.25%	-0.05%	0.23%	0.07%	-0.53%	-0.64%	-0.44%	-2.4%
Operating Income Growth %	0.78%	-5.27%	0.64%	0.79%	9.32%	-0.65%	-9.79%	0%	0.42%	-1.74%
EBITDA+	-634K	-14.52M	-4.75M	-435K	11.45M	7.1M	-21.6M	-22.23M	-10.66M	-43.09M
EBITDA Margin %	-0.02%	-0.51%	-0.21%	-0.02%	0.26%	0.14%	-0.37%	-0.46%	-0.26%	-2.1%
EBITDA Growth %	0.93%	-21.91%	0.67%	0.91%	27.31%	-0.38%	-4.04%	-0.03%	0.52%	-3.04%
D&A (Non-Cash Add-back)	1.9M	1.38M	922K	779K	1.34M	3.58M	9.34M	8.7M	7.39M	6.3M
EBIT	-2.54M	-15.19M	-5.8M	-1.04M	10.3M	3.52M	-18.07M	-26.37M	-18.05M	-25.4M
Net Interest Income+	1K	-313K	-1.12M	-472K	228K	96K	34K	-2.68M	-6.35M	112K
Interest Income	0	0	0	0	228K	96K	34K	0	0	112K
Interest Expense	4K	313K	1.12M	472K	0	0	0	2.68M	6.35M	0
Other Income/Expense	4K	333K	-1.53M	-1.51M	697K	804K	110K	1.87M	-6.18M	680K
Pretax Income+	-2.53M	-15.57M	-7.21M	-2.73M	10.8M	4.33M	-30.83M	-29.05M	-24.24M	-48.71M
Pretax Margin %	-0.06%	-0.55%	-0.31%	-0.1%	0.25%	0.08%	-0.53%	-0.6%	-0.59%	-2.37%
Income Tax+	68K	-229K	-546K	13K	80K	160K	215K	226K	158K	-13K
Effective Tax Rate %	1.03%	0.99%	0.92%	1%	0.99%	0.96%	1.01%	1.01%	1.01%	1%
Net Income+	-2.6M	-15.34M	-6.66M	-2.74M	10.72M	4.17M	-31.04M	-29.28M	-24.4M	-48.7M
Net Margin %	-0.07%	-0.54%	-0.29%	-0.1%	0.25%	0.08%	-0.53%	-0.6%	-0.6%	-2.37%
Net Income Growth %	0.78%	-4.9%	0.57%	0.59%	4.91%	-0.61%	-8.45%	0.06%	0.17%	-1%
Net Income (Continuing)	-2.6M	-15.34M	-6.66M	-2.74M	10.72M	4.17M	-31.04M	-29.28M	-24.4M	-48.7M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.81	-10.27	-3.95	-0.98	2.32	0.80	-4.85	-4.23	-3.01	-3.94
EPS Growth %	0.81%	-4.67%	0.62%	0.75%	3.37%	-0.66%	-7.06%	0.13%	0.29%	-0.31%
EPS (Basic)	-1.84	-10.27	-3.95	-0.98	2.46	0.82	-4.88	-4.24	-3.04	-3.94
Diluted Shares Outstanding	1.44M	1.49M	1.69M	2.79M	4.62M	5.35M	6.4M	6.93M	8.11M	12.37M
Basic Shares Outstanding	1.41M	1.49M	1.69M	2.79M	4.57M	5.21M	6.36M	6.91M	8.03M	12.37M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	21.79M	7.92M	7.93M	20.08M	39.96M	39.29M	28.66M	26.51M	16.88M	10M
Cash & Short-Term Investments	12.9M	2.23M	2.21M	12.16M	28.27M	25.75M	16.08M	14.03M	7.13M	2.81M
Cash Only	8.82M	2.23M	2.21M	12.16M	28.27M	25.75M	16.08M	14.03M	7.13M	2.81M
Short-Term Investments	4.08M	0	0	0	0	0	0	0	0	0
Accounts Receivable	8.16M	4.96M	5.14M	7.13M	10.89M	12.35M	10.59M	10.5M	7.91M	5.72M
Days Sales Outstanding	75.37	64.14	81.74	99.01	91.73	87.85	66.16	79.01	70.67	101.59
Inventory	39K	12K	0	0	0	0	0	0	0	0
Days Inventory Outstanding	1.75	0.58	-	-	-	-	-	-	-	-
Other Current Assets	0	-12K	576K	795K	0	0	0	1.98M	1.84M	1.47M
Total Non-Current Assets+	2.69M	6.39M	5.95M	5.12M	21.23M	33.61M	85.85M	77.07M	68.7M	38.05M
Property, Plant & Equipment	2.49M	1.81M	1.23M	865K	8.57M	7.96M	7.55M	5.22M	3.64M	2.9M
Fixed Asset Turnover	15.85x	15.59x	18.69x	30.39x	5.06x	6.45x	7.73x	9.29x	11.22x	7.08x
Goodwill	0	3.69M	3.69M	3.69M	7.8M	12.27M	35.04M	35.04M	35.04M	11.05M
Intangible Assets	0	745K	487K	238K	4.54M	12.7M	42.63M	36.32M	29.53M	23.6M
Long-Term Investments	0	-48K	0	0	0	0	0	0	0	0
Other Non-Current Assets	195K	149K	146K	140K	234K	694K	620K	490K	482K	496K
Total Assets+	24.47M	14.31M	13.88M	25.2M	61.2M	72.9M	114.51M	103.58M	85.58M	48.05M
Asset Turnover	1.61x	1.97x	1.66x	1.04x	0.71x	0.70x	0.51x	0.47x	0.48x	0.43x
Asset Growth %	-0.11%	-0.42%	-0.03%	0.82%	1.43%	0.19%	0.57%	-0.1%	-0.17%	-0.44%
Total Current Liabilities+	7.21M	5.51M	4.82M	3.38M	5.72M	8.37M	9.37M	20.73M	7.64M	5.65M
Accounts Payable	1.71M	1.91M	1.33M	1.16M	2.05M	2.28M	3.3M	3.24M	2.52M	1.74M
Days Payables Outstanding	76.47	92.02	95.74	97.72	190.54	160.49	94.89	83.12	87.18	103.55
Short-Term Debt	0	0	1M	0	0	0	0	9.01M	0	0
Deferred Revenue (Current)	440K	98K	73K	28K	98K	1000K	176K	0	0	0
Other Current Liabilities	2.14M	1.11M	416K	450K	0	0	436K	3.16M	1.14M	940K
Current Ratio	3.02x	1.44x	1.65x	5.94x	6.99x	4.69x	3.06x	1.28x	2.21x	1.77x
Quick Ratio	3.02x	1.44x	1.65x	5.94x	6.99x	4.69x	3.06x	1.28x	2.21x	1.77x
Cash Conversion Cycle	0.64	-27.3	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	3.23M	5.74M	4.49M	1.26M	6.79M	5.82M	4.58M	6.47M	2.54M	1.64M
Long-Term Debt	0	2.59M	2.76M	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	5.77M	4.8M	4.47M	2.98M	1.78M	1.29M
Deferred Tax Liabilities	0	181K	171K	119K	0	59K	117K	178K	168K	128K
Other Non-Current Liabilities	3.23M	2.97M	1.74M	1.26M	1.02M	953K	0	3.32M	597K	224K
Total Liabilities	10.45M	11.25M	9.31M	4.64M	12.51M	14.19M	13.95M	27.2M	10.19M	7.29M
Total Debt+	0	2.59M	3.76M	0	7M	6.24M	5.87M	13.42M	3.26M	2.57M
Net Debt	-8.82M	361K	1.55M	-12.16M	-21.27M	-19.52M	-10.21M	-602K	-3.86M	-242K
Debt / Equity	-	0.85x	0.82x	-	0.14x	0.11x	0.06x	0.18x	0.04x	0.06x
Debt / EBITDA	-	-	-	-	0.61x	0.88x	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-1.86x	-2.75x	-	-	-	-
Interest Coverage	-634.50x	-50.81x	-5.07x	-2.57x	-	-	-	-11.54x	-2.84x	-
Total Equity+	14.03M	3.06M	4.57M	20.56M	48.68M	58.72M	100.56M	76.38M	75.39M	40.76M
Equity Growth %	-0.06%	-0.78%	0.49%	3.5%	1.37%	0.21%	0.71%	-0.24%	-0.01%	-0.46%
Book Value per Share	9.77	2.05	2.71	7.37	10.53	10.98	15.70	11.03	9.29	3.30
Total Shareholders' Equity	14.03M	3.06M	4.57M	20.56M	48.68M	58.72M	100.56M	76.38M	75.39M	40.76M
Common Stock	46K	12K	14K	28K	38K	41K	54K	56K	75K	18K
Retained Earnings	-210.89M	-226.23M	-232.93M	-236.09M	-225.4M	-221.23M	-252.27M	-281.55M	-305.95M	-354.64M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-211M	-226M	-233M	-20.1M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-55K	-11.5M	-7.42M	-2.87M	9.99M	7.92M	-12.92M	-19.26M	-6.97M	-14.29M
Operating CF Margin %	-0%	-0.41%	-0.32%	-0.11%	0.23%	0.15%	-0.22%	-0.4%	-0.17%	-0.7%
Operating CF Growth %	0.99%	-208.15%	0.36%	0.61%	4.48%	-0.21%	-2.63%	-0.49%	0.64%	-1.05%
Net Income	-2.6M	-15.34M	-6.66M	-2.74M	10.72M	4.17M	-31.04M	-29.28M	-24.4M	-48.7M
Depreciation & Amortization	1.9M	1.38M	922K	779K	1.34M	4.69M	9.34M	7.56M	7.39M	6.3M
Stock-Based Compensation	2.16M	1.53M	1.17M	935K	1.49M	0	4.85M	4.95M	0	0
Deferred Taxes	0	-137K	-585K	213K	97K	153K	58K	61K	-10K	-40K
Other Non-Cash Items	75K	19K	917K	1.16M	815K	2.31M	13.92M	-197K	10.43M	27.62M
Working Capital Changes	-1.59M	1.05M	-3.18M	-3.22M	-4.48M	-3.4M	-10.04M	-2.35M	-388K	524K
Change in Receivables	40K	3.37M	-365K	-1.9M	-3.81M	-1.27M	7.94M	85K	2.59M	2.19M
Change in Inventory	10K	16K	154K	-197K	0	0	16.31M	0	0	0
Change in Payables	-1.36M	-1.97M	-2.95M	-1.08M	0	-1.93M	-16.31M	-2.57M	-2.83M	-1.93M
Cash from Investing+	-1.32M	1.09M	-77K	-173K	-5.26M	-14.68M	-57.5M	115K	132K	178K
Capital Expenditures	-124K	-500K	-77K	-173K	-1.66M	-1.32M	-830K	-49K	-4K	-20K
CapEx % of Revenue	0%	0.02%	0%	0.01%	0.04%	0.03%	0.01%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.2M	-985K	0	0	370K	367K	192K	164K	136K	198K
Cash from Financing+	32K	3.82M	7.47M	13M	11.38M	4.24M	60.74M	17.09M	-60K	9.8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-404K	-119K	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	32K	13K	4.47M	16.61M	11.52M	0	1.03M	13.83M	-5K	5K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-179K	-12M	-7.5M	-3.05M	8.33M	6.6M	-13.75M	-19.31M	-6.98M	-14.31M
FCF Margin %	-0%	-0.43%	-0.33%	-0.12%	0.19%	0.13%	-0.24%	-0.4%	-0.17%	-0.7%
FCF Growth %	0.97%	-66.06%	0.38%	0.59%	3.73%	-0.21%	-3.08%	-0.4%	0.64%	-1.05%
FCF per Share	-0.12	-8.03	-4.45	-1.09	1.80	1.23	-2.15	-2.79	-0.86	-1.16
FCF Conversion (FCF/Net Income)	0.02x	0.75x	1.11x	1.05x	0.93x	1.90x	0.42x	0.66x	0.29x	0.29x
Interest Paid	0	21K	662K	386K	0	0	0	0	0	0
Taxes Paid	17K	27K	15K	2K	104K	0	84K	253K	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-17.99%	-179.61%	-174.69%	-21.81%	30.97%	7.76%	-38.98%	-33.09%	-32.15%	-83.85%
Return on Invested Capital (ROIC)	-38.28%	-276.54%	-89.21%	-12.54%	42.32%	7.93%	-35.82%	-27.92%	-18.39%	-66.12%
Gross Margin	79.37%	73.21%	77.88%	83.52%	90.94%	89.88%	78.27%	70.71%	74.16%	70.2%
Net Margin	-6.59%	-54.34%	-28.99%	-10.42%	24.74%	8.12%	-53.14%	-60.35%	-59.7%	-236.91%
Debt / Equity	-	0.85x	0.82x	-	0.14x	0.11x	0.06x	0.18x	0.04x	0.06x
Interest Coverage	-634.50x	-50.81x	-5.07x	-2.57x	-	-	-	-11.54x	-2.84x	-
FCF Conversion	0.02x	0.75x	1.11x	1.05x	0.93x	1.90x	0.42x	0.66x	0.29x	0.29x
Revenue Growth	6.84%	-28.53%	-18.63%	14.41%	64.91%	18.35%	13.88%	-16.96%	-15.77%	-49.7%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Wireless Business	33.55M	23.09M	18.34M	24.47M	42.6M	50.67M	58.42M	48.51M	40.86M	20.55M
Wireless Business Growth	-	-31.20%	-20.55%	33.43%	74.08%	18.93%	15.30%	-16.96%	-15.77%	-49.70%
Graphics	5.95M	5.15M	4.63M	1.81M	742K	629K	-	-	-	-
Graphics Growth	-	-13.52%	-10.04%	-60.90%	-59.03%	-15.23%	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Americas	39.01M	27.62M	22.58M	26.05M	43.24M	49.35M	55.32M	46.62M	39.71M	20.02M
Americas Growth	-	-29.20%	-18.25%	15.39%	65.95%	14.14%	12.10%	-15.73%	-14.82%	-49.59%
EMEA	239K	-	-	-	-	-	-	1.89M	1.15M	538K
EMEA Growth	-	-	-	-	-	-	-	-	-39.22%	-53.22%
E M E A	-	424K	170K	90K	67K	1.93M	3.02M	-	-	-
E M E A Growth	-	-	-59.91%	-47.06%	-25.56%	2780.60%	56.68%	-	-	-
Asia Pacific	260K	193K	225K	141K	43K	21K	76K	-	-	-
Asia Pacific Growth	-	-25.77%	16.58%	-37.33%	-69.50%	-51.16%	261.90%	-	-	-

Frequently Asked Questions

Growth & Financials

Smith Micro Software, Inc. (SMSI) reported $18.4M in revenue for fiscal year 2024. This represents a 68% decrease from $57.8M in 2011.

Smith Micro Software, Inc. (SMSI) saw revenue decline by 49.7% over the past year.

Smith Micro Software, Inc. (SMSI) reported a net loss of $29.2M for fiscal year 2024.

Dividend & Returns

Smith Micro Software, Inc. (SMSI) has a return on equity (ROE) of -83.9%. Negative ROE indicates the company is unprofitable.

Smith Micro Software, Inc. (SMSI) had negative free cash flow of $10.0M in fiscal year 2024, likely due to heavy capital investments.