Smith micro software, inc. (SMSI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues

13,322

12,278

11,782

10,854

8,432

7,352

6,525

6,945

5,463

-

5,804

5,862

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

-

-

-

-

-

-

-

-

-

-

-

-

5,576

7,084

6,478

7,459

7,214

10,006

9,586

9,386

10,529

10,554

9,448

8,528

8,449

11,843

8,746

10,484

11,602

12,032

11,012

10,171

10,114

11,239

12,632

16,105

17,791

34,008

31,357

Cost of revenues

1,173

1,026

1,011

974

916

929

979

1,116

1,309

1,355

1,159

1,285

1,283

1,740

1,798

1,913

2,113

2,004

1,959

2,071

2,118

2,245

2,201

2,451

2,420

2,370

2,492

2,401

2,444

2,337

2,120

1,796

2,195

2,726

3,699

3,560

3,776

3,771

3,965

Gross profit

12,149

11,252

10,771

9,880

7,516

6,423

5,546

5,829

4,154

4,377

4,645

4,577

4,293

5,344

4,680

5,546

5,101

8,002

7,627

7,315

8,411

8,309

7,247

6,077

6,029

9,473

6,254

8,083

9,158

9,695

8,892

8,375

7,919

8,513

8,933

12,545

14,015

30,237

27,392

Operating expenses:
Selling and marketing

2,787

1,988

1,793

1,768

1,968

1,296

1,311

1,447

1,730

1,519

1,413

1,461

1,793

2,226

2,541

2,478

2,370

2,263

2,220

2,228

2,191

2,088

2,139

2,296

3,036

3,020

3,705

4,569

4,381

4,058

4,062

3,954

4,592

4,679

6,456

7,097

8,362

7,344

7,398

Research and development

3,729

3,194

3,063

2,743

2,682

2,103

2,049

2,195

2,255

2,181

2,100

2,174

2,497

3,702

4,174

4,107

3,923

3,595

3,480

3,447

3,341

3,146

3,188

3,609

4,249

4,114

5,355

5,900

5,936

5,645

5,845

6,173

7,104

8,019

10,696

11,316

11,680

10,972

10,095

General and administrative

3,668

2,399

2,396

2,426

2,700

2,308

2,048

2,061

2,190

1,903

2,220

2,239

2,189

2,463

2,522

2,870

2,486

2,691

2,695

2,865

2,877

2,858

3,064

3,418

3,878

3,840

4,572

4,862

4,942

4,547

5,011

5,149

5,504

5,240

5,876

7,178

6,985

6,059

6,217

Restructuring expense

6

40

39

11

104

-

83

52

-

-691

-146

322

392

-

-

-

-

-

-

-

-

-

-

2,435

-

-

5,602

-

-

-

-

-77

334

-

984

-

-

-

-

Goodwill and long-lived asset impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

112,904

-

-

-

-

Restructuring expense (income)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

-

-

-

-

-

-

-

-

Total operating expenses

10,190

7,621

7,291

6,948

7,454

5,745

5,491

5,755

6,175

4,912

5,587

6,196

6,871

9,105

9,237

9,455

8,779

8,549

8,395

8,540

8,409

8,092

8,391

11,758

11,163

10,974

19,234

15,331

15,259

14,250

14,899

15,199

17,534

20,138

136,916

25,591

27,027

24,375

23,710

Operating income

1,959

3,631

3,480

2,932

62

678

55

74

-2,021

-535

-942

-1,619

-2,578

-3,761

-4,557

-3,909

-3,678

-547

-768

-1,225

2

217

-1,144

-5,681

-5,134

-1,501

-12,980

-7,248

-6,101

-4,555

-6,007

-6,824

-9,615

-11,625

-127,983

-13,046

-13,012

5,862

3,682

Non-operating income (expense):
Change in fair value of warrant liability

-

-

-

-

-

-2,314

902

2,085

139

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in carrying value of contingent liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

657

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-405

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of software product

-

-

-

483

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense):
Interest (expense) income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-66

-2

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income, net

86

-

87

31

-

-30

-128

-143

-171

-192

-315

-329

-284

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-

1

1

-6

-10

25

-1

-10

-40

3

-2

1

-10

-

-9

-15

-

-

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of contingent liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,210

-

-

-

-

-

-

-

-

Interest and other income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1

-

-3

-2

-

3

7

8

12

10

30

31

23

33

13

42

43

82

-7

Income before provision for income taxes

2,045

3,743

3,567

3,440

52

2,784

-976

-2,164

-2,371

-724

-1,664

-1,947

-2,872

-4,002

-4,621

-3,269

-3,680

-546

-764

-1,225

1

-

-1,147

-5,683

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,134

-

-12,973

-7,240

-6,089

-4,545

-4,767

-6,793

-9,592

-11,592

-127,970

-13,004

-12,969

5,944

3,675

Provision for income tax expense

-

72

0

4

4

-17

7

13

10

-565

6

5

8

-277

11

11

26

45

6

6

11

9

-5

12

33

4

76

4

69

-402

46

32

90

-12,381

6,511

5,157

-5,216

2,850

1,790

Net income

2,045

3,671

3,567

3,436

48

2,801

-983

-2,177

-2,381

-159

-1,670

-1,952

-2,880

-3,725

-4,632

-3,280

-3,706

-591

-770

-1,231

-10

205

-1,142

-5,695

-5,167

-1,502

-13,049

-7,244

-6,158

-4,143

-4,813

-6,825

-9,682

-9,525

-134,481

-7,847

-7,753

3,094

1,885

Unrealized holding losses on available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2

-2

0

0

1

-

-1

1

-

3

3

-17

18

-12

8

-3

40

25

-48

-8

7

-

-

Income tax expense related to items of other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

6

20

-19

-3

3

-

-

Other comprehensive loss, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2

-2

0

0

1

-

-1

1

-

3

3

-17

18

-12

8

-3

34

5

-29

-5

4

-

-

Comprehensive loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,725

-4,632

-3,280

-3,704

-593

-770

-1,231

-9

205

-1,143

-5,694

-5,167

-1,499

-13,046

-7,261

-6,140

-4,155

-4,805

-6,828

-9,648

-9,520

-134,510

-7,852

-7,749

-

-

Earnings per share:
Basic

0.05

0.10

0.10

0.11

0.00

0.17

-0.04

-0.11

-0.16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.09

0.06

Diluted

0.05

0.10

0.09

0.10

0.00

0.17

-0.04

-0.11

-0.16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.09

0.05

Basic and diluted

-

-

-

-

-

-

-

-

-

0.02

-0.12

-0.15

-0.24

-0.30

-0.38

-0.28

-0.32

-0.16

-0.07

-0.03

0.00

-0.84

-0.03

-0.15

-0.14

-0.05

-0.35

-0.19

-0.17

-0.12

-0.13

-0.19

-0.27

-0.28

-3.76

-0.22

-0.22

-

-

Weighted average shares outstanding:
Basic

39,482

38,593

36,094

32,068

31,297

27,081

25,020

21,888

15,299

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,274

34,264

Diluted

42,194

41,861

39,472

35,308

31,323

27,081

25,020

21,888

15,299

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,736

34,781

Basic and diluted

-

-

-

-

-

-

-

-

-

14,317

14,297

13,179

12,163

12,330

12,209

11,741

11,524

-62,650

11,540

46,257

45,501

-76,809

41,225

38,518

37,714

37,031

37,036

37,247

36,614

35,882

35,879

36,045

35,590

-

-

-

-

-

-

Preferred dividends per share

-

-

70.50

25.01

25.00

-

31.58

50.38

25.56

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,728

35,775

35,263

-

-