$SMSI
SMITH MICRO SOFTWARE, INC.

2022 Q4 Form 10-Q Financial Statement

#000094870822000034 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $11.41M $11.70M $16.44M
YoY Change -22.3% -28.85% 30.2%
Cost Of Revenue $3.328M $3.629M $3.692M
YoY Change -18.89% -1.71% 177.59%
Gross Profit $8.077M $8.070M $12.75M
YoY Change -23.63% -36.71% 12.81%
Gross Profit Margin 70.82% 68.98% 77.55%
Selling, General & Admin $6.960M $7.319M $8.189M
YoY Change 328.57% -10.62% 58.09%
% of Gross Profit 86.17% 90.69% 64.22%
Research & Development $6.732M $7.523M $7.159M
YoY Change 37.89% 5.08% 40.93%
% of Gross Profit 83.35% 93.22% 56.14%
Depreciation & Amortization $1.805M $1.849M $3.391M
YoY Change 287.34% -45.47% 232.45%
% of Gross Profit 22.35% 22.91% 26.59%
Operating Expenses $15.24M $16.39M $18.35M
YoY Change 4.32% -10.69% 65.45%
Operating Profit -$7.160M -$8.317M -$5.597M
YoY Change 77.67% 48.6% -2955.61%
Interest Expense -$570.0K $2.561M -$12.86M
YoY Change -6433.33% -119.91% -128730.0%
% of Operating Profit
Other Income/Expense, Net -$125.0K -$29.00K -$2.000K
YoY Change -281.16% 1350.0%
Pretax Income -$7.855M -$5.785M -$18.46M
YoY Change 98.76% -68.67% -8891.43%
Income Tax $148.0K $27.00K $145.0K
% Of Pretax Income
Net Earnings -$8.003M -$5.812M -$18.61M
YoY Change 99.68% -68.76% -11657.14%
Net Earnings / Revenue -70.17% -49.68% -113.16%
Basic Earnings Per Share -$0.10 -$0.34
Diluted Earnings Per Share -$0.14 -$0.10 -$0.34
COMMON SHARES
Basic Shares Outstanding 56.24M shares 55.10M shares 53.94M
Diluted Shares Outstanding 55.72M shares 53.94M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.03M $19.00M $32.37M
YoY Change -12.76% -41.3% 24.99%
Cash & Equivalents $14.03M $19.00M $32.37M
Short-Term Investments
Other Short-Term Assets $1.983M $1.087M $1.926M
YoY Change -0.25% -43.56% 48.15%
Inventory
Prepaid Expenses
Receivables $10.50M $9.479M $12.62M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $26.51M $29.57M $46.91M
YoY Change -7.49% -36.98% 26.79%
LONG-TERM ASSETS
Property, Plant & Equipment $5.220M $1.767M $9.263M
YoY Change 93.48% -80.92% 11.6%
Goodwill $35.04M $35.04M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $490.0K $547.0K $700.0K
YoY Change -20.97% -21.86% 40.0%
Total Long-Term Assets $77.07M $79.93M $87.79M
YoY Change -10.23% -8.96% 153.74%
TOTAL ASSETS
Total Short-Term Assets $26.51M $29.57M $46.91M
Total Long-Term Assets $77.07M $79.93M $87.79M
Total Assets $103.6M $109.5M $134.7M
YoY Change -9.55% -18.72% 88.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.236M $3.625M $4.326M
YoY Change -1.97% -16.2% 127.68%
Accrued Expenses $6.913M $5.705M $19.98M
YoY Change 13.94% -71.45% 354.18%
Deferred Revenue $300.0K $700.0K
YoY Change 50.0% -56.25%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $9.007M $3.435M
YoY Change
Total Short-Term Liabilities $20.73M $12.77M $25.01M
YoY Change 121.3% -48.96% 220.65%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $3.873M $0.00
YoY Change
Other Long-Term Liabilities $6.293M $9.358M $5.818M
YoY Change 40.88% 60.85% -4.62%
Total Long-Term Liabilities $6.293M $13.35M $5.818M
YoY Change 37.28% 129.43% -4.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.73M $12.77M $25.01M
Total Long-Term Liabilities $6.293M $13.35M $5.818M
Total Liabilities $27.20M $26.11M $30.89M
YoY Change 94.97% -15.46% 122.22%
SHAREHOLDERS EQUITY
Retained Earnings -$281.6M -$273.6M
YoY Change 11.61%
Common Stock $357.9M $357.0M
YoY Change 1.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $76.38M $83.38M $103.8M
YoY Change
Total Liabilities & Shareholders Equity $103.6M $109.5M $134.7M
YoY Change -9.55% -18.72% 88.14%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$8.003M -$5.812M -$18.61M
YoY Change 99.68% -68.76% -11657.14%
Depreciation, Depletion And Amortization $1.805M $1.849M $3.391M
YoY Change 287.34% -45.47% 232.45%
Cash From Operating Activities -$4.783M -$2.851M $779.0K
YoY Change -68.51% -465.98% -80.23%
INVESTING ACTIVITIES
Capital Expenditures -$36.00K $27.00K -$402.0K
YoY Change -60.87% -106.72% 11.67%
Acquisitions
YoY Change
Other Investing Activities $70.00K $11.00K $5.000K
YoY Change -40.68% 120.0% -100.37%
Cash From Investing Activities $106.0K $38.00K -$397.0K
YoY Change 307.69% -109.57% -76.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -298.0K 16.46M 2.054M
YoY Change -73.6% 701.22% 20440.0%
NET CHANGE
Cash From Operating Activities -4.783M -2.851M 779.0K
Cash From Investing Activities 106.0K 38.00K -397.0K
Cash From Financing Activities -298.0K 16.46M 2.054M
Net Change In Cash -4.975M 13.64M 2.436M
YoY Change -69.47% 460.1% 8.27%
FREE CASH FLOW
Cash From Operating Activities -$4.783M -$2.851M $779.0K
Capital Expenditures -$36.00K $27.00K -$402.0K
Free Cash Flow -$4.747M -$2.878M $1.181M
YoY Change -68.56% -343.69% -72.53%

Facts In Submission

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dei Current Fiscal Year End Date
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dei Document Fiscal Year Focus
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dei Document Fiscal Period Focus
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dei Amendment Flag
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dei Document Type
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dei Document Quarterly Report
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dei Document Period End Date
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dei Entity File Number
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dei Entity Registrant Name
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SMITH MICRO SOFTWARE, INC.
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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dei Security12b Title
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StockholdersEquity
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
66000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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3783000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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1084000 usd
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Net Income Loss
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CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
83383000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
119473000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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22000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1305000 usd
CY2021Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
427000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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27000 usd
CY2021Q3 smsi Stock Issued During Period Value Stock Warrants Exercised
StockIssuedDuringPeriodValueStockWarrantsExercised
2025000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-18607000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
103820000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
61000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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3561000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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1736000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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37000 usd
us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
8381000 usd
smsi Stock Issued During Period Value Stock Warrants Exercised
StockIssuedDuringPeriodValueStockWarrantsExercised
2066000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
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58000 usd
us-gaap Net Income Loss
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CY2021Q3 us-gaap Stockholders Equity
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103820000 usd
us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
8872000 usd
smsi Non Cash Lease Expense
NonCashLeaseExpense
157000 usd
smsi Non Cash Lease Expense
NonCashLeaseExpense
819000 usd
smsi Transaction Costs
TransactionCosts
1422000 usd
smsi Transaction Costs
TransactionCosts
0 usd
smsi Fair Value Gain Loss In Liability
FairValueGainLossInLiability
3457000 usd
smsi Fair Value Gain Loss In Liability
FairValueGainLossInLiability
-12864000 usd
smsi Increase Decrease In Reserves Against Accounts Receivable
IncreaseDecreaseInReservesAgainstAccountsReceivable
0 usd
smsi Increase Decrease In Reserves Against Accounts Receivable
IncreaseDecreaseInReservesAgainstAccountsReceivable
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us-gaap Inventory Write Down
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0 usd
us-gaap Inventory Write Down
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us-gaap Share Based Compensation
ShareBasedCompensation
3849000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3622000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-31000 usd
us-gaap Gain Loss On Disposition Of Assets1
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0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1108000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-883000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
199000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2754000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
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us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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2275000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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56865000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
85000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
738000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
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9000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
15000000 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3000000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1227000 usd
us-gaap Payments Of Financing Costs
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0 usd
us-gaap Proceeds From Warrant Exercises
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0 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
2066000 usd
smsi Proceeds From Financing Arrangements
ProceedsFromFinancingArrangements
1541000 usd
smsi Proceeds From Financing Arrangements
ProceedsFromFinancingArrangements
0 usd
smsi Repayments Of Financing Arrangements
RepaymentsOfFinancingArrangements
978000 usd
smsi Repayments Of Financing Arrangements
RepaymentsOfFinancingArrangements
0 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
56000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
95000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17392000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
61872000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2923000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6618000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16078000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
25754000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
19001000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
32372000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
253000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
102000 usd
smsi Issuance Of Common Stock In Connection With Acquisition
IssuanceOfCommonStockInConnectionWithAcquisition
0 usd
smsi Issuance Of Common Stock In Connection With Acquisition
IssuanceOfCommonStockInConnectionWithAcquisition
8381000 usd
smsi Issuance Of Derivative And Warrants
IssuanceOfDerivativeAndWarrants
9578000 usd
smsi Issuance Of Derivative And Warrants
IssuanceOfDerivativeAndWarrants
0 usd
CY2022Q3 smsi Convertible Debt Gross Current
ConvertibleDebtGrossCurrent
10500000 usd
CY2022Q3 smsi Convertible Debt Gross Noncurrent
ConvertibleDebtGrossNoncurrent
4500000 usd
us-gaap Nature Of Operations
NatureOfOperations
The Company<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Smith Micro Software, Inc. (“Smith Micro” or “the Company”) develops software to simplify and enhance the mobile experience, providing solutions to some of the leading wireless and cable service providers around the world. From enabling the family digital lifestyle to providing powerful voice messaging capabilities, the Company strives to enrich today’s connected lifestyles while creating new opportunities to engage consumers via smartphones and consumer Internet of Things (“IoT”) devices. Smith Micro’s portfolio includes a wide range of products for creating, sharing, and monetizing rich content, such as visual voice messaging, retail content display optimization and performance analytics on various product sets. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Smith Micro’s solution portfolio is comprised of proven products that enable its customers to provide:</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">In-demand digital services that connect today’s digital lifestyle, including family location services, parental controls, and consumer IoT devices to mobile consumers worldwide;</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Easy visual access to voice messages on mobile devices through visual voicemail and voice-to-text transcription functionality; and</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Strategic, consistent, and measurable digital demonstration experiences that educate retail shoppers, create awareness of products and services, drive in-store sales, and optimize retail experiences with actionable analytics derived from in-store customer behavior.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain reclassification have been made to the prior year financial statements to conform to the current presentation.
CY2022Q3 smsi Convertible Debt Gross
ConvertibleDebtGross
15000000 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
6687000 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
585000 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
7272000 usd
CY2022Q3 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
378000 usd
CY2022Q3 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
42000 usd
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
420000 usd
CY2022Q3 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
3435000 usd
CY2022Q3 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
3873000 usd
CY2022Q3 us-gaap Convertible Debt
ConvertibleDebt
7308000 usd
CY2022Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
6121000 usd
CY2021Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
0 usd
CY2021Q4 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Value Including Derivative Liabilities
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityValueIncludingDerivativeLiabilities
0 usd
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
-4195000 usd
smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Including Derivative Liabilities Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIncludingDerivativeLiabilitiesPurchases
9578000 usd
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-2022000 usd
smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Including Derivative Liabilities Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIncludingDerivativeLiabilitiesGainLossIncludedInEarnings
-3457000 usd
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-2173000 usd
CY2022Q3 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Value Including Derivative Liabilities
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityValueIncludingDerivativeLiabilities
6121000 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
54791000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16926000 usd
CY2022Q3 smsi Finite Lived Intangible Assets Before Impairment
FiniteLivedIntangibleAssetsBeforeImpairment
37865000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
54791000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12160000 usd
CY2021Q4 smsi Finite Lived Intangible Assets Before Impairment
FiniteLivedIntangibleAssetsBeforeImpairment
42631000 usd
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y
CY2021 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1545000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
5874000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5635000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5402000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5007000 usd
CY2022Q3 smsi Finite Lived Intangible Asset Expected Amortization Year Five And Thereafter
FiniteLivedIntangibleAssetExpectedAmortizationYearFiveAndThereafter
14402000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
37865000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-5812000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-18607000 usd
us-gaap Net Income Loss
NetIncomeLoss
-21307000 usd
us-gaap Net Income Loss
NetIncomeLoss
-27035000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55722000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53939000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55140000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50147000 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55722000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53939000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55140000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50147000 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8097000 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1279000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2182000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1333000 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.39
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.54
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3849000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3623000 usd
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.54
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8097000 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1279000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2182000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1333000 shares
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1095000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1326000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
8500000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
194000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.12
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
218000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
8000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.15
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
11000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
5.52
smsi Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedIntrinsicValue
0 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
5000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
6.80
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
180000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.12
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y2M12D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
12000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
177000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
4.10
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y2M12D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
12000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
152000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.00
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y7M6D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
10000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
37108000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11699000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16443000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43743000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 businessunit
CY2022Q3 smsi Number Of Geographic Location
NumberOfGeographicLocation
2 location
smsi Number Of Geographic Location
NumberOfGeographicLocation
2 location
smsi Number Of Geographic Location
NumberOfGeographicLocation
2 location
CY2021Q3 smsi Number Of Geographic Location
NumberOfGeographicLocation
2 location
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11699000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16443000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
37108000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43743000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
400000 usd
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
609000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1219000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1724000 usd
CY2022Q3 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
151000 usd
us-gaap Sublease Income
SubleaseIncome
18000 usd
us-gaap Sublease Income
SubleaseIncome
452000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
400000 usd
CY2021Q3 us-gaap Lease Cost
LeaseCost
458000 usd
us-gaap Lease Cost
LeaseCost
1201000 usd
us-gaap Lease Cost
LeaseCost
1272000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
415000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1630000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1485000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1133000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
459000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5122000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
483000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
4639000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.063
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
57300000 usd

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smsi-20220930.htm Edgar Link pending
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