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SMSI $0.97

SMSI target price
0.97
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Smith Micro Software, Inc
Type
Public
Traded as NASDAQ: SMSI
Industry Software, networking
Founded 1982
Headquarters Aliso Viejo, California, United States
Key people

William W. Smith Jr.
Chairman and CEO

Timothy C. Huffmyer
Chief Financial Officer

David P. Sperling
Chief Technology Officer
Number of employees
160
Website http://www.smithmicro.com

William W. Smith Jr.
Chairman and CEO

Timothy C. Huffmyer
Chief Financial Officer

Smith Micro Software, Inc., founded in 1982 by William W. Smith, Jr., is a global developer of software solutions headquartered in Aliso Viejo, California and Pittsburgh, Pennsylvania. The company also maintains multiple international development centers in Belgrade, Serbia; Braga, Portugal, and Stockholm, Sweden. Smith Micro's broad technology portfolio includes solutions for wireless operators and other communications service providers, original equipment manufacturers (OEMs) and original device manufacturers (ODMs), enterprise businesses, and individual consumers.

As part of its wireless business segment, Smith Micro provides solutions for digital family safety, IoT device management, wireless network connectivity, location-based services and security, Big Data analytics, mobile app development, and carrier-grade visual voicemail. Recent acquisitions have enabled Smith Micro to add family location services, parental controls, mobile app development and Wi-Fi provisioning to its portfolio of wireless solutions.

In addition to its wireless solutions, smith Micro also develops popular software titles for 2D and 3D graphics animation and illustration, as well as productivity solutions such as digital file compression, management, and transfer. Smith Micro's graphics and animation software includes Poser, a professional 3D Figure Design and Animation platform. Moho, a complete solution for 2D animation, and MotionArtist, an easy to use tool for comic animation and presentation design. These programs are used by professional artists, major entertainment studios and graphics firms to create award-winning movies, television shows, advertisements, internet media content, 3D gaming and much more.

Smith Micro's first product in 1982 was Stock Portfolio System, which was quickly followed by MarketLink. MarketLink was a solution for downloading stock quotes using an analog modem. By the time Smith Micro reached its IPO in 1995, it was one of the leading names in fax and modem connectivity. Smith Micro appears on NASDAQ under the symbol SMSI. By the late '90s, dial-up Internet access was being replaced by cable internet, DSL, and wireless broadband technologies due to their substantially higher speeds and reliability. This change led Smith Micro to re-apply its network connection expertise to new, wireless and mobility applications. Network connection management became a specialization of the company and, as such, Smith Micro developed products of interest, such as QuickLink, for large-scale mobile network operators such as AT&T, Bell Canada, Orange, Sprint, T-Mobile, Verizon, and Vodafone. While fax and modem-related products were still being sold, the QuickLink family of wireless connection management applications became the company's primary source of revenue in the early 2000s.

In 2004, Smith Micro launched its first enterprise mobility solutions and then in 2005, Smith Micro acquired Allume Systems and their StuffIt data compression software. By 2006, the company's connectivity software was being deployed globally by operators and OEMs. In 2007, the company added several solutions to its wireless portfolio, including mobile security, device management and firmware over-the-air (FOTA) solutions. During the same year, Smith Micro's portfolio saw the addition of several well-known animation and illustration software titles such as Poser, Anime Studio (now called Moho) and Manga Studio (now called Clip Studio Paint). In early 2008, the company began to expand its portfolio to wireless access and mobile services. Smith Micro introduced solutions for enhanced mobile communications, such as push-to-talk software, visual voicemail services, and video streaming. Over the next three years, Smith Micro acquired technology for premium voice and visual messaging, as well as technology for network adaptive video delivery to mobile devices, enabling more revenue-generating solutions for operators and enterprises.

In 2012, Smith Micro launched NetWise, an intelligent traffic management solution for mobile operators. The company has since built on the NetWise platform to offer unmatched device analytics and Big Data solutions that optimize the performance of wireless networks for network operators, Cable/MSOs and mobile virtual network operators (MVNOs). In 2015, Smith Micro launched a mobile engagement solution called Captivate, which enables network operators, large enterprises, and brands to deliver personalized mobile promotions to customers and gain smartphone-based consumer insights. In 2016, Smith Micro acquired iMobileMagic in Portugal and Birdstep Technology in Sweden, extending the company's global footprint while adding Wi-Fi credential provisioning and digital lifestyle and location-based services, such as the SafePath platform, to its portfolio. In 2017, the company rebranded its device management and FOTA/AOTA (application over-the-air) offerings as the QuickLink IoT Services Platform to attack the strong global demand for standards-based IoT device management solutions.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-08 Future report Set alerts
Q2 2022 2022-08-11 -0.09 -0.09
Q1 2022 2022-05-04 0.00 0.00
Q4 2021 2022-03-10 0.00 0.00
Q3 2021 2021-11-10 -0.01 -0.01
Q2 2021 2021-08-04 -0.01 -0.01
Q1 2021 2021-05-05 0.02 0.02
Q4 2020 2021-03-08 0.03 0.03
Q2 2020 2020-08-05 0.00 0.00
Q1 2020 2020-05-06 0.10 0.05

Ratings

2015-10-19 Downgrade Needham & Company LLC Buy to Hold
2015-07-09 Initiated Coverage HC Wainwright Buy
2015-02-25 Upgrade Needham & Company LLC Hold to Buy $2.10
2015-01-07 Upgrade HC Wainwright Neutral to Buy $2.00
2014-07-18 Initiated H.C. Wainwright Neutral
2014-07-18 Initiated Coverage HC Wainwright Neutral
2011-04-20 Downgrade Wedbush Outperform to Neutral $12 to $9
2011-02-09 Downgrade Northland Securities Outperform to Market Perform $17 to $10
2011-02-09 Downgrade Brigantine Buy to Hold
2011-01-25 Initiated Dougherty & Company Neutral $12
2010-11-12 Reiterated Northland Securities Outperform $15 to $17
2010-11-10 Initiated Brigantine Buy $18
2009-08-04 Reiterated UBS Neutral $10 to $12
2009-07-20 Reiterated CL King Accumulate $12 to $13
2009-04-22 Reiterated Wedbush Morgan Buy $7 to $9.50
2015-10-19 Downgrade Needham & Company LLC Buy to Hold
2015-07-09 Initiated Coverage HC Wainwright Buy
2015-02-25 Upgrade Needham & Company LLC Hold to Buy $2.10
2015-01-07 Upgrade HC Wainwright Neutral to Buy $2.00
2014-07-18 Initiated H.C. Wainwright Neutral

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Carpenter Rick VP & General Manager, Wireless 1.56%  (595141) SMSI /
SMITH WILLIAM W JR President & CEO 1.35%  (516552) SMSI /
Cameron Von EVP - Sales 1.06%  (404660) SMSI /
Lippincott Christopher G SVP - Global Operations 0.65%  (250502) SMSI /
Schmidt Andrew C VP &Chief Financial Officer 0.61%  (233174) ITI / SMSI /
Huffmyer Timothy C. Chief Financial Officer 0.46%  (175000) BBOX / SMSI /
Arno Andrew 0.28%  (108750) SMSI /
Rawlings Daniel Chief Revenue Officer 0.24%  (92293) SMSI /
Yasbek Steven Chief Accounting Officer 0.19%  (74585) SMSI /
SZABO GREGORY J 0.17%  (64000) SMSI /
gulko samuel 0.14%  (54250) SMSI /
Elfman Steven Lawrence 0.10%  (38750) S / SMSI /
CAMPBELL THOMAS G 0.10%  (37000) SMSI /