Smith Micro misses Q4 revenue expectations, CEO to step down

Smith Micro Software

04/03/2026 21:26

Overview

Mobile software developer's Q4 revenue declined 20% yr/yr, missing analyst expectations

GAAP net loss for Q4 increased slightly compared to previous year

Company announced leadership change with Tim Huffmyer as new CEO

Outlook

Company did not provide specific financial guidance for the future

Result Drivers

COST REDUCTION - Smith Micro reduced its cost structure and optimized spending to support innovation, despite revenue decline

SAFEPATH FOCUS - Co emphasized strategic focus on SafePath OS solutions for kids and seniors to expand role with Tier 1 customers

Company press release: ID:nBw8wX5la

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$3.97 mln
$5.20 mln (2 Analysts)
Q4 Net Income
-$4.55 mln
Q4 Gross Profit
$3.04 mln
Q4 Operating Expenses
$7.40 mln
Q4 Operating Income
-$4.36 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Smith Micro Software Inc is $4.00, about 669.2% above its March 3 closing price of $0.52

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)