Brief: Smith Micro Software Initiated And Is Currently Conducting An Interim Goodwill Impairment Test

Smith Micro Software

04/04/2024 21:45

April 4 (Reuters) - Smith Micro Software Inc  SMSI.O :
    * SMITH MICRO SOFTWARE INC: INITIATED AND IS CURRENTLY
CONDUCTING
AN INTERIM GOODWILL IMPAIRMENT TEST
    * SMITH MICRO SOFTWARE: CONCLUDED CARRYING VALUE OF CO'S
SINGLE
REPORTING UNIT EXCEEDED ITS FAIR VALUE
    * SMITH MICRO SOFTWARE: MATERIAL NON-CASH PRETAX IMPAIRMENT
CHARGE
FOR GOODWILL TO BE REQUIRED UNDER GENERALLY ACCEPTED ACCOUNTING
PRINCIPLES FOR Q1
    * SMITH MICRO SOFTWARE INC: UNABLE TO PROVIDE GOOD FAITH
ESTIMATE
AT THIS TIME OF AMOUNT OR RANGE OF AMOUNTS OF IMPAIRMENT CHARGE
    * SMITH MICRO SOFTWARE INC: CHARGE IS NOT EXPECTED TO HAVE
AN
IMPACT ON CO'S COMPLIANCE WITH ANY OUTSTANDING AGREEMENTS
    * SMITH MICRO SOFTWARE: IMPAIRMENT CHARGE IS NON-CASH, DOES
NOT
EXPECT TO BE REQUIRED TO MAKE ANY CURRENT/FUTURE CASH
EXPENDITURES BECAUSE OF IMPAIRMENT

Source text for Eikon:  ID:n0000948708-24-000015 
Further company coverage:  SMSI.O 

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