Smith Micro Software Inc (NAS:SMSI)

Q1 2026 Smith Micro Software Inc Earnings Call Transcript

Apr 29, 2026 / 08:30 PM GMT

Release Date Price: $4.09 (+2.19%)

Transcript 10-Q8-K

Key Points

Positve

Smith Micro Software Inc (SMSI) signed a contract with a new carrier customer, indicating potential for future revenue growth.
The company completed a seamless executive succession plan, with new leadership roles filled by Tim Huffmeyer as CEO and Bethany Braun as CFO.
Smith Micro Software Inc (SMSI) reported a significant reduction in operating expenses, with a 22% decrease in GAAP operating expenses compared to the first quarter of 2025.
The company anticipates strong revenue growth in the second quarter of 2026, with expectations of a 24% increase compared to the first quarter.
Smith Micro Software Inc (SMSI) achieved a higher gross margin of 78.4% in the first quarter of 2026, up from 72.8% in the same period of the previous year.

Negative

Smith Micro Software Inc (SMSI) experienced a 9% decrease in revenue for the first quarter of 2026 compared to the same quarter in 2025.
Family safety revenue decreased by 10% compared to the first quarter of the previous year.
The company reported a GAAP net loss of $3.9 million for the first quarter of 2026.
Smith Micro Software Inc (SMSI) has a low cash reserve, with $1.7 million in cash and cash equivalents as of March 31, 2026.
There is uncertainty regarding the timing of new carrier customer deployments, which could impact revenue recognition in future quarters.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SMSI.OQ - Smith Micro Software Inc
Q1 2026 Smith Micro Software Inc Earnings Call
Apr 29, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the Smith Micro First Quarter 2026 Earnings Conference Call.

All participants will be in listen-only mode.

Should you need assistance, please signal a conference specialist by pressing the star key followed by zero.

After today's presentation, there will be an opportunity to ask questions.

To ask a question, you may press star then one on your touchtone phone.

To withdraw a question, please press star then two.

Please note this event is being recorded.

I would now like to hand the conference over to Charlie Messman. Please go ahead.

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