Filing Flows › Smith Micro Software (SMSI) › Q4 2024
Smith Micro Software (SMSI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 12, 2025
Smith Micro Software (SMSI) reported revenue of $5.0M for the fourth quarter 2024 (Q4 2024), -42% from a year earlier and +7% from the quarter before. Operating margin was -89.7%, net loss $4.4M (88.4% of revenue).
Smith Micro Software, Q4 2024: revenue $5.0M (-42% year over year), operating margin -89.7%, net loss $4.4M, operating cash flow −$4.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.0M | +7% | -42% |
| Operating profit | −$4.5M | — | — |
| Net earnings | −$4.4M | — | — |
| Operating cash flow | −$4.9M | — | — |
What changed
Revenue was $5.0M in Q4 2024, down 42% year over year and up 7% from the previous quarter.
Gross margin was 75.6%, up 0.8 points from a year earlier. Operating costs exceeded revenue by $4.5M, an operating margin of -89.7%. Operating expenses fell 32% while revenue fell 42%. The quarter ended with a net loss of $4.4M, narrower than the previous quarter's $6.4M loss.
Operating cash flow was −$4.9M. Non-cash charges added back $1.4M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $2.9M. Capital expenditures of $3K exceeded it, leaving free cash flow of −$4.9M.
Questions
What was Smith Micro Software's revenue in the fourth quarter 2024?
Smith Micro Software (SMSI) reported revenue of $5.0M for the fourth quarter 2024 (Q4 2024), -42% from a year earlier and +7% from the quarter before.
Was Smith Micro Software profitable in the fourth quarter 2024?
Operating loss was $4.5M (-89.7% of revenue) and net loss $4.4M.