Smith Micro Q3 Loss Narrower Than Expected, Revenues Lag
Smith Micro Software(SMSI) ZACKS·2024-11-14 22:56
Smith Micro Software Inc (SMSI) reported a third-quarter 2024 non-GAAP loss of 30 cents per share against earnings of 8 cents in the prior-year quarter. The bottom line was narrower than the Zacks Consensus Estimate of a loss of 31 cents. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues in the quarter totaled $4.6 million, which missed the Zacks Consensus Estimate by 3.2%. Despite innovative product launch strategy and cost-cutting initiatives, revenues plunged 58% year over ...