Smith Micro Software (Smith Micro Software) Cash And Cash Equivalents

: $7.13 Mil (As of Dec. 2023)

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Smith Micro Software's quarterly cash and cash equivalents increased from Jun. 2023 ($6.42 Mil) to Sep. 2023 ($7.98 Mil) but then stayed the same from Sep. 2023 ($7.98 Mil) to Dec. 2023 ($7.13 Mil).

Smith Micro Software's annual cash and cash equivalents declined from Dec. 2021 ($16.08 Mil) to Dec. 2022 ($14.03 Mil) and declined from Dec. 2022 ($14.03 Mil) to Dec. 2023 ($7.13 Mil).

Smith Micro Software Cash And Cash Equivalents Historical Data

The historical data trend for Smith Micro Software's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Smith Micro Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

28.27

25.75

16.08

14.03

7.13

Smith Micro Software Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents																14.03	8.72	6.42	7.98	7.13

Smith Micro Software Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Smith Micro Software (NAS:SMSI) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Smith Micro Software Cash And Cash Equivalents Related Terms

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Smith Micro Software (Smith Micro Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Smith Micro Software Inc (NAS:SMSI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SS91:Germany

Address

5800 Corporate Drive, Pittsburgh, PA, USA, 15237

Website

https://www.smithmicro.com

Smith Micro Software Inc is a provider of software solutions. It develops and markets wireless solutions for wireless service providers, mobile device and chipset manufacturers, and enterprise businesses. It offers multi-platform, modular solutions such as SafePath; CommSuite; and ViewSpot. The company's only reportable segment is Wireless. Its Wireless segment sells primarily to large wireless carriers, cable operators, and OEMs.

Executives

James M Kempton	officer: VP, CFO and Treasurer	100 AIRSIDE DR, MOON TOWNSHIP PA 15108
Smith William W Jr	director, 10 percent owner, officer: President & CEO	51 COLUMBIA, ALISOVIEJO CA 92656
Chetan Sharma	director	5800 CORPORATE DR. 5TH FLOOR, PITTSBURGH PA 15237
Thomas G Campbell	director
Asha Keddy	director	5800 CORPORATE DR., 5TH FLOOR, PITTSBURGH PA 15237
Andrew Arno	director	C/O MERRIMAN CURHAN FORD GROUP, INC., 600 CALIFORNIA STREET, 9TH FLOOR, SAN FRANCISCO CA 94108
Gregory J Szabo	director	51 COLUMBIA, SUITE 200, ALISO VIEJO CA 92656
Smauel Gulko	director	51 COLUMBIA, SUITE 200, ALISO VIEJO CA 92656
Michael K. Fox	officer: Interim CFO	5800 CORPORATE DR., 5TH FLOOR, PITTSBURGH PA 15237
Timothy C. Huffmyer	officer: Chief Financial Officer	1000 PARK DRIVE, LAWRENCE PA 15055
Steven Yasbek	officer: Chief Accounting Officer	51 COLUMBIA, ALISO VIEJO CA 92656
Steven Lawrence Elfman	director	51 COLUMBIA, ALISO VIEJO CA 92656
Christopher G Lippincott	other: VP - Internet & Direct Sales	51 COLUMBIA, SUITE 200, ALISO VIEJO CA 92656
Andrew C Schmidt	officer: Chief Financial Officer	1700 CARNEGIE AVE, SUITE 100, SANTA ANA CA 92705
Daniel Rawlings	officer: Chief Revenue Officer	51 COLUMBIA, ALISO VIEJO CA 92656