Smith Micro Software Inc reports results for the quarter ended in September - Earnings Summary

Smith Micro Software

10/11/2022 24:20

* Smith Micro Software Inc  SMSI.OQ  reported a quarterly
adjusted
loss of 9 cents​​ per share for the quarter ended in September.
The mean expectation of four analysts for the quarter was for a
loss of 9 cents per share.
    * Revenue fell 100% to $30.00 from a year ago; analysts
expected
$11.71 million. 
    * Smith Micro Software Inc's reported EPS for the quarter
was a
loss of 13 cents​.
    * The mean earnings estimate of analysts had fallen by
about 25.9%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Smith Micro Software Inc shares had fallen by 2.2% this
quarter and lost 55.1% so far this year.
    * The company reported a quarterly loss of $7.31 million.
    * Wall Street's median 12-month price target for Smith Micro
Software Inc is $5.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
10 at 12:20 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.09          -0.09          Met
 Jun. 30 2022      -0.09          -0.09          Met
 Mar. 31 2022      -0.08          -0.08          Met
 Dec. 31 2021      -0.03          -0.04          Missed