Yahoo Finance Smith Micro Software Full Year 2023 Earnings: EPS Misses Expectations
Smith Micro Software (NASDAQ:SMSI) Full Year 2023 Results
Key Financial Results
Revenue: US$40.9m (down 16% from FY 2022).
Net loss: US$24.4m (loss narrowed by 17% from FY 2022).
US$0.38 loss per share (improved from US$0.53 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Smith Micro Software EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 40% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 4 warning signs for Smith Micro Software (1 is concerning!) that you should be aware of.
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