SMITH MICRO SOFTWARE, INC. SMSI Income Statement

Smith micro software, inc. (SMSI)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
48,236	43,346	38,420	33,163	29,254	26,285	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
-	-	-	-	-	-	-	-	-	-	-	-	26,597	28,235	31,157	34,265	36,192	39,507	40,055	39,917	39,059	36,979	38,268	37,566	39,522	42,675	42,864	45,130	44,817	43,329	42,536	44,156	50,090	57,767	80,536	99,261	0	0	0
Cost of revenues
4,184	3,927	3,830	3,798	3,940	4,333	4,759	4,939	5,108	5,082	5,467	6,106	6,734	7,564	7,828	7,989	8,147	8,152	8,393	8,635	9,015	9,317	9,442	9,733	9,683	9,707	9,674	9,302	8,697	8,448	8,837	10,416	12,180	13,761	14,806	15,072	0	0	0
Gross profit
44,052	39,419	34,590	29,365	25,314	21,952	19,906	19,005	17,753	17,892	18,859	18,894	19,863	20,671	23,329	26,276	28,045	31,355	31,662	31,282	30,044	27,662	28,826	27,833	29,839	32,968	33,190	35,828	36,120	34,881	33,699	33,740	37,910	44,006	65,730	84,189	0	0	0
Operating expenses:
Selling and marketing
8,336	7,517	6,825	6,343	6,022	5,784	6,007	6,109	6,123	6,186	6,893	8,021	9,038	9,615	9,652	9,331	9,081	8,902	8,727	8,646	8,714	9,559	10,491	12,057	14,330	15,675	16,713	17,070	16,455	16,666	17,287	19,681	22,824	26,594	29,259	30,201	0	0	0
Research and development
12,729	11,682	10,591	9,577	9,029	8,602	8,680	8,731	8,710	8,952	10,473	12,547	14,480	15,906	15,799	15,105	14,445	13,863	13,414	13,122	13,284	14,192	15,160	17,327	19,618	21,305	22,836	23,326	23,599	24,767	27,141	31,992	37,135	41,711	44,664	44,063	0	0	0
General and administrative
10,889	9,921	9,830	9,482	9,117	8,607	8,202	8,374	8,552	8,551	9,111	9,413	10,044	10,341	10,569	10,742	10,737	11,128	11,295	11,664	12,217	13,218	14,200	15,708	17,152	18,216	18,923	19,362	19,649	20,211	20,904	21,769	23,798	25,279	26,098	26,439	0	0	0
Restructuring expense
96	194	237	250	0	-	0	0	-	-123	0	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	-	0	0	-	0	-	-	-	-
Goodwill and long-lived asset impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Restructuring expense (income)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Total operating expenses
32,050	29,314	27,438	25,638	24,445	23,166	22,333	22,429	22,870	23,566	27,759	31,409	34,668	36,576	36,020	35,178	34,263	33,893	33,436	33,432	36,650	39,404	42,286	53,129	56,702	60,798	64,074	59,739	59,607	61,882	67,770	189,787	200,179	209,672	213,909	100,703	0	0	0
Operating income
12,002	10,105	7,152	3,727	869	-1,214	-2,427	-3,424	-5,117	-5,674	-8,900	-12,515	-14,805	-15,905	-12,691	-8,902	-6,218	-2,538	-1,774	-2,150	-6,606	-11,742	-13,460	-25,296	-26,863	-27,830	-30,884	-23,911	-23,487	-27,001	-34,071	-156,047	-162,269	-165,666	-148,179	-16,514	0	0	0
Non-operating income (expense):
Change in fair value of warrant liability
-	-	-	-	-	812	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in carrying value of contingent liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of software product
-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense):
Interest (expense) income, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income, net
0	-	0	0	-	-472	-634	-821	-1,007	-1,120	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
-	-14	10	8	4	-26	-48	-49	-38	-8	0	0	0	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of contingent liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Interest and other income (expense), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	-	30	37	60	83	94	117	100	111	131	180	160	0	0	0
Income before provision for income taxes
12,795	10,802	9,843	5,300	-304	-2,727	-6,235	-6,923	-6,706	-7,207	-10,485	-13,442	-14,764	-15,572	-12,116	-8,259	-6,215	-2,534	-3,135	-8,054	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before provision for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-30,847	-22,641	-22,194	-25,697	-32,744	-155,947	-162,158	-165,535	-147,999	-16,354	0	0	0
Provision for income tax expense
-	80	-9	-2	7	13	-535	-536	-544	-546	-258	-253	-247	-229	93	88	83	68	32	21	27	49	44	125	117	153	-253	-283	-255	-234	-12,213	-5,748	-623	-5,929	9,302	4,581	0	0	0
Net income
12,719	10,722	9,852	5,302	-311	-2,740	-5,700	-6,387	-6,162	-6,661	-10,227	-13,189	-14,517	-15,343	-12,209	-8,347	-6,298	-2,602	-1,806	-2,178	-6,642	-11,799	-13,506	-25,413	-26,962	-27,953	-30,594	-22,358	-21,939	-25,463	-30,845	-160,513	-161,535	-159,606	-146,987	-10,621	0	0	0
Unrealized holding losses on available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	2	0	0	0	-1	0	0	0	-	0	0	-	7	-8	-3	11	33	70	14	9	-24	0	0	0	-	-
Income tax expense related to items of other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	6	26	7	4	1	0	0	0	-	-
Other comprehensive loss, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	2	0	0	0	-1	0	0	0	-	0	0	-	7	-8	-3	11	27	44	7	5	-25	0	0	0	-	-
Comprehensive loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-15,341	-12,209	-8,347	-6,298	-2,603	-1,805	-2,178	-6,641	-11,799	-13,503	-25,406	-26,973	-27,946	-30,602	-22,361	-21,928	-25,436	-30,801	-160,506	-161,530	-159,631	0	0	0	-	-
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	-	-