Smith Micro Software reports Q4 EPS (11c) vs. (18c) last year

Reports Q4 revenue $5.0M, consensus $5.1M. “Looking back on 2024, it was a transformative year for Smith Micro as we addressed challenges head-on and developed new innovations that have ignited a renewed focus for the Company. We are seeing excitement – both within the company and among our customers and prospects – for the opportunities that we are creating with the latest expansion of our SafePath(R) platform,” said William W. Smith, CEO. “We have distinguished ourselves as a trusted partner to mobile operators through our delivery of value-added-services, and now, with our latest innovations in SafePath OS(TM) and SafePath Kids(TM), carriers can leverage the strength of our SafePath solutions to offer devices and rate plans aimed at creating a safer mobile experience, not as valued-added-services, but as an integral component of the carrier’s core offerings. Our successful launch of SafePath Kids with Orange Spain’s TuYo solution during the fourth quarter was our first deployment under this renewed focus, and the product is generating tremendous interest. Our path forward is clear. We are bringing an enhanced and powerful new portfolio of our family safety solutions to market, which we believe align to mobile operators’ core strengths and principal business objectives. I believe the pivot we have made positions us to capture a significant market opportunity and a return to profitability.”