Smith Micro reports Q1 EPS ($3.28) vs (97c)

Reports Q1 revenue $5.798M, consensus $5.74M. “In the first quarter, we have made progress in several key areas that we believe position us for growth in the back half of this fiscal year,” said William Smith, Jr., president, chief executive officer, and chairman of the board of Smith Micro. “We are pleased to announce that in the near term, we plan to launch our first customer on SafePath Global, our new rapid-deployment model of our SafePath(R) solution. Additionally, we have introduced our affiliate/influencer and retail store ambassador marketing programs to help drive subscriber growth of mobile operators’ SafePath-based solutions, and we expect our previously announced Tier 1 MNO customer in Europe to launch in the second half of this year with a unique product approach to a family safety solution that has yet to be seen in the market.”