$SMSI
SMITH MICRO SOFTWARE, INC.

2024 Q4 Form 10-Q Financial Statement

#000094870824000035 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $4.648M
YoY Change -57.75%
Cost Of Revenue $1.321M
YoY Change -47.75%
Gross Profit $3.327M
YoY Change -60.73%
Gross Profit Margin 71.58%
Selling, General & Admin $4.775M
YoY Change -11.29%
% of Gross Profit 143.52%
Research & Development $3.637M
YoY Change -1.81%
% of Gross Profit 109.32%
Depreciation & Amortization $1.422M
YoY Change -9.25%
% of Gross Profit 42.74%
Operating Expenses $9.834M
YoY Change -7.7%
Operating Profit -$6.507M
YoY Change 198.35%
Interest Expense -$12.00K
YoY Change -99.12%
% of Operating Profit
Other Income/Expense, Net -$71.00K
YoY Change -573.33%
Pretax Income -$6.369M
YoY Change 24.42%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$6.369M
YoY Change 24.08%
Net Earnings / Revenue -137.03%
Basic Earnings Per Share -$0.54
Diluted Earnings Per Share -$0.54
COMMON SHARES
Basic Shares Outstanding 17.74M shares 11.04M shares
Diluted Shares Outstanding 11.83M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.509M
YoY Change -81.14%
Cash & Equivalents $1.509M
Short-Term Investments
Other Short-Term Assets $1.505M
YoY Change -48.1%
Inventory
Prepaid Expenses
Receivables $3.406M
Other Receivables $0.00
Total Short-Term Assets $6.420M
YoY Change -69.73%
LONG-TERM ASSETS
Property, Plant & Equipment $615.0K
YoY Change -38.38%
Goodwill $11.05M
YoY Change -68.46%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $504.0K
YoY Change 6.11%
Total Long-Term Assets $39.76M
YoY Change -44.08%
TOTAL ASSETS
Total Short-Term Assets $6.420M
Total Long-Term Assets $39.76M
Total Assets $46.18M
YoY Change -49.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.050M
YoY Change -32.28%
Accrued Expenses $4.360M
YoY Change -23.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.410M
YoY Change -47.37%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $1.855M
YoY Change -40.16%
Total Long-Term Liabilities $2.023M
YoY Change -37.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.410M
Total Long-Term Liabilities $2.023M
Total Liabilities $8.433M
YoY Change -45.32%
SHAREHOLDERS EQUITY
Retained Earnings -$350.3M
YoY Change 17.05%
Common Stock $388.0M
YoY Change 3.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.75M
YoY Change
Total Liabilities & Shareholders Equity $46.18M
YoY Change -49.98%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$6.369M
YoY Change 24.08%
Depreciation, Depletion And Amortization $1.422M
YoY Change -9.25%
Cash From Operating Activities -$3.815M
YoY Change -347.73%
INVESTING ACTIVITIES
Capital Expenditures $6.000K
YoY Change -40.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$6.000K
YoY Change
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
YoY Change -1093.33%
NET CHANGE
Cash From Operating Activities -3.815M
Cash From Investing Activities -6.000K
Cash From Financing Activities -298.0K
Net Change In Cash -4.119M
YoY Change -362.36%
FREE CASH FLOW
Cash From Operating Activities -$3.815M
Capital Expenditures $6.000K
Free Cash Flow -$3.821M
YoY Change -349.74%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
8631000 usd
CY2023Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3704000 usd
dei Entity Central Index Key
EntityCentralIndexKey
0000948708
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Entity Registrant Name
EntityRegistrantName
SMITH MICRO SOFTWARE, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
33-0029027
dei Entity Address Address Line1
EntityAddressAddressLine1
5800 Corporate Drive
dei Entity Address City Or Town
EntityAddressCityOrTown
Pittsburgh
dei Entity Address State Or Province
EntityAddressStateOrProvince
PA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
15237
dei City Area Code
CityAreaCode
412
dei Local Phone Number
LocalPhoneNumber
837-5300
dei Security12b Title
Security12bTitle
Common Stock, par value $0.001 per share
dei Trading Symbol
TradingSymbol
SMSI
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7125000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3000 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3406000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
7912000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1505000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1843000 usd
CY2024Q3 us-gaap Assets Current
AssetsCurrent
6420000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
16880000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
615000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
29532000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
11052000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
35041000 usd
CY2024Q3 us-gaap Assets
Assets
46179000 usd
CY2023Q4 us-gaap Assets
Assets
85577000 usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
2050000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2522000 usd
CY2024Q3 smsi Accrued Payroll And Benefits Current
AccruedPayrollAndBenefitsCurrent
2121000 usd
CY2023Q4 smsi Accrued Payroll And Benefits Current
AccruedPayrollAndBenefitsCurrent
2500000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1228000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1483000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1011000 usd
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
10654000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2181000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-44934000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-12358000 usd
CY2024Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-71000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
130000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-62000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6369000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5119000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-44267000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-17659000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-6369000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-5133000 usd
us-gaap Net Income Loss
NetIncomeLoss
-44306000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10626000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10626000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7787000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7787000 shares
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
42901000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7000 usd
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
895000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1468000 shares
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1509000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
883000 usd
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11832000 shares
smsi Non Cash Lease Expense
NonCashLeaseExpense
-227000 usd
smsi Non Cash Lease Expense
NonCashLeaseExpense
-160000 usd
smsi Proceeds From Financing Arrangements
ProceedsFromFinancingArrangements
1044000 usd
smsi Proceeds From Financing Arrangements
ProceedsFromFinancingArrangements
981000 usd
smsi Repayments Of Financing Arrangements
RepaymentsOfFinancingArrangements
829000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3571000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-160000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5616000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6044000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7125000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14026000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1509000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7982000 usd
us-gaap Stock Issued1
StockIssued1
0 usd
us-gaap Stock Issued1
StockIssued1
12180000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
7642000 usd
CY2023Q4 smsi Warrant And Derivative Liabilities Noncurrent
WarrantAndDerivativeLiabilitiesNoncurrent
597000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1706000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1780000 usd
CY2024Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
168000 usd
CY2024Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
2023000 usd
CY2023Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
2545000 usd
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
12000 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
9000 usd
CY2024Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
387988000 usd
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
381329000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-350254000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
37746000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
85577000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4648000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11001000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-305948000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15585000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32269000 usd
CY2024Q3 us-gaap Depreciation
Depreciation
3000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
12000 usd
us-gaap Depreciation
Depreciation
14000 usd
us-gaap Depreciation
Depreciation
40000 usd
CY2024Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1321000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4915000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
8400000 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
3327000 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
8473000 usd
us-gaap Gross Profit
GrossProfit
10670000 usd
us-gaap Gross Profit
GrossProfit
23869000 usd
CY2024Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3637000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11328000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13276000 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2715000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2934000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8213000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9448000 usd
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1422000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1567000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4872000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4872000 usd
CY2024Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
23989000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
9834000 usd
CY2024Q3 smsi Fair Value Adjustment Of Warrants And Derivative Liabilities
FairValueAdjustmentOfWarrantsAndDerivativeLiabilities
221000 usd
CY2023Q3 smsi Fair Value Adjustment Of Warrants And Derivative Liabilities
FairValueAdjustmentOfWarrantsAndDerivativeLiabilities
73000 usd
smsi Fair Value Adjustment Of Warrants And Derivative Liabilities
FairValueAdjustmentOfWarrantsAndDerivativeLiabilities
448000 usd
smsi Fair Value Adjustment Of Warrants And Derivative Liabilities
FairValueAdjustmentOfWarrantsAndDerivativeLiabilities
3486000 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1583000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2985000 usd
CY2024Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-12000 usd
CY2023Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-1443000 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
89000 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-5740000 usd
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.27
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8419000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8419000 shares
CY2024Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.125
dei Document Transition Report
DocumentTransitionReport
false
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
17736708 shares
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2657000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2759000 usd
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
504000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
482000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
24931000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1137000 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
6410000 usd
CY2024Q3 smsi Warrant And Derivative Liabilities Noncurrent
WarrantAndDerivativeLiabilitiesNoncurrent
149000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
168000 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11857234 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11857234 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9347979 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9347979 shares
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
75390000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
46179000 usd
CY2023Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2528000 usd
CY2024Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2060000 usd
CY2023Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2449000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
7202000 usd
us-gaap Operating Expenses
OperatingExpenses
55604000 usd
us-gaap Operating Expenses
OperatingExpenses
36227000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-6507000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
15000 usd
us-gaap Net Income Loss
NetIncomeLoss
-17684000 usd
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.54
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.54
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.61
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.61
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.17
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.17
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11832000 shares
CY2024Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1243000 usd
CY2024Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
39000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3000 usd
CY2024Q3 smsi Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
0 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-6369000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
37746000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
75390000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
3507000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
217000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
5000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3351000 usd
smsi Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
0 usd
us-gaap Net Income Loss
NetIncomeLoss
-44306000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
37746000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
74489000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1334000 usd
CY2023Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
89000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
7000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
6277000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-5133000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
76891000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
76379000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
24000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
3292000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
381000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
15000 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
15246000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
76891000 usd
us-gaap Net Income Loss
NetIncomeLoss
-44306000 usd
us-gaap Net Income Loss
NetIncomeLoss
-17684000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
4886000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
4912000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
23989000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
smsi Fair Value Gain Loss In Liability
FairValueGainLossInLiability
448000 usd
smsi Fair Value Gain Loss In Liability
FairValueGainLossInLiability
3486000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2985000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
0 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5398000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3520000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3316000 usd
smsi Gain On License Of Patents Net
GainOnLicenseOfPatentsNet
198000 usd
smsi Gain On License Of Patents Net
GainOnLicenseOfPatentsNet
0 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-12000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4506000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-208000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-315000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-220000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1375000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2224000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-30000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
553000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9368000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5950000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
17000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5000 usd
smsi Proceeds From License Of Patent Investing
ProceedsFromLicenseOfPatentInvesting
198000 usd
smsi Proceeds From License Of Patent Investing
ProceedsFromLicenseOfPatentInvesting
0 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-71000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
181000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
66000 usd
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
3351000 usd
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
0 usd
smsi Repayments Of Financing Arrangements
RepaymentsOfFinancingArrangements
1156000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
5000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
15000 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”) provides software solutions that simplify and enhance the mobile experience to some of the leading wireless service providers around the globe. From enabling the Digital Family Lifestyle</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">TM</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> 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 family safety software solutions to support families in the digital age and 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 any product set. </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><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%">On April 3, 2024, the Company filed a certificate of amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a one-for-eight (1:8) reverse stock split of the shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), with an effective time of 11:59 p.m., Eastern Time on April 10, 2024 (the "Reverse Stock Split"). At the effective time, every eight shares of Common Stock, whether issued and outstanding or held by the Company as treasury stock were automatically combined and converted (without any further act) into one share of fully paid and nonassessable Common Stock, with any fractional shares resulting from the Reverse Stock Split rounded up to the nearest whole share. The number of outstanding shares of Common Stock was reduced from approximately 76.8 million shares to approximately 9.6 million shares due to the Reverse Stock Split. </span></div><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%">The Reverse Stock Split did not change the Company's authorized shares of Common Stock from 100,000,000 shares or the par value of the Common Stock. Proportionate adjustments were made to the per share exercise price and/or the number of shares issuable upon the exercise of stock options and the settlement of restricted stock awards and the number of shares authorized and reserved for issuance pursuant to the Company's equity incentive plans (see Note 9). Additionally, there were adjustments to the per share exercise price and the number of shares issuable upon exercise of warrants (see Note 5).</span></div><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%">All share and per share amounts for Common Stock (including share amounts underlying convertible securities and the applicable exercise prices of such convertible securities) in these consolidated financial statements and notes thereto have been retroactively adjusted for all periods presented to give effect to the Reverse Stock Split, including reclassifying an amount equal to the reduction in the number of shares of Common Stock at par value to additional paid-in capital.</span></div>
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
76800000 shares
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9600000 shares
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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%">Certain reclassifications have been made to the prior year financial statements to conform to the current presentation.</span></div>
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
3400000 usd
CY2023Q4 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Value Including Derivative Liabilities And Contingent Consideration
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityValueIncludingDerivativeLiabilitiesAndContingentConsideration
597000 usd
CY2024Q1 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Including Derivative Liabilities And Contingent Consideration Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIncludingDerivativeLiabilitiesAndContingentConsiderationGainLossIncludedInEarnings
-186000 usd
CY2024Q1 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Value Including Derivative Liabilities And Contingent Consideration
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityValueIncludingDerivativeLiabilitiesAndContingentConsideration
411000 usd
CY2024Q2 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Including Derivative Liabilities And Contingent Consideration Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIncludingDerivativeLiabilitiesAndContingentConsiderationGainLossIncludedInEarnings
-42000 usd
CY2024Q2 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Value Including Derivative Liabilities And Contingent Consideration
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityValueIncludingDerivativeLiabilitiesAndContingentConsideration
369000 usd
CY2024Q3 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Including Derivative Liabilities And Contingent Consideration Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIncludingDerivativeLiabilitiesAndContingentConsiderationGainLossIncludedInEarnings
-220000 usd
CY2024Q3 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Value Including Derivative Liabilities And Contingent Consideration
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityValueIncludingDerivativeLiabilitiesAndContingentConsideration
149000 usd
CY2022Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-1575000 usd
CY2022Q4 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Value Including Derivative Liabilities And Contingent Consideration
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityValueIncludingDerivativeLiabilitiesAndContingentConsideration
4892000 usd
CY2023Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-1021000 usd
CY2023Q1 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Including Derivative Liabilities And Contingent Consideration Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIncludingDerivativeLiabilitiesAndContingentConsiderationGainLossIncludedInEarnings
-2984000 usd
CY2023Q1 smsi Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss On Derecognition Of Debt
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossOnDerecognitionOfDebt
22000 usd
CY2023Q1 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Including Derivative Liabilities And Contingent Consideration Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIncludingDerivativeLiabilitiesAndContingentConsiderationSettlements
22000 usd
CY2023Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-532000 usd
CY2023Q1 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Value Including Derivative Liabilities And Contingent Consideration
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityValueIncludingDerivativeLiabilitiesAndContingentConsideration
1886000 usd
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-270000 usd
CY2023Q2 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Including Derivative Liabilities And Contingent Consideration Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIncludingDerivativeLiabilitiesAndContingentConsiderationGainLossIncludedInEarnings
-430000 usd
CY2023Q2 smsi Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss On Derecognition Of Debt
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossOnDerecognitionOfDebt
45000 usd
CY2023Q2 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Including Derivative Liabilities And Contingent Consideration Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIncludingDerivativeLiabilitiesAndContingentConsiderationSettlements
45000 usd
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-217000 usd
CY2023Q2 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Value Including Derivative Liabilities And Contingent Consideration
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityValueIncludingDerivativeLiabilitiesAndContingentConsideration
1411000 usd
CY2023Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-157000 usd
CY2023Q3 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Including Derivative Liabilities And Contingent Consideration Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIncludingDerivativeLiabilitiesAndContingentConsiderationGainLossIncludedInEarnings
-73000 usd
CY2023Q3 smsi Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss On Derecognition Of Debt
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossOnDerecognitionOfDebt
14000 usd
CY2023Q3 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Including Derivative Liabilities And Contingent Consideration Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIncludingDerivativeLiabilitiesAndContingentConsiderationSettlements
14000 usd
CY2023Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-46000 usd
CY2023Q3 smsi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Value Including Derivative Liabilities And Contingent Consideration
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityValueIncludingDerivativeLiabilitiesAndContingentConsideration
1324000 usd
CY2024Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
24000000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
53897000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
28966000 usd
CY2024Q3 smsi Finite Lived Intangible Assets Before Impairment
FiniteLivedIntangibleAssetsBeforeImpairment
24931000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
53897000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24365000 usd
CY2023Q4 smsi Finite Lived Intangible Assets Before Impairment
FiniteLivedIntangibleAssetsBeforeImpairment
29532000 usd
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P8Y
CY2023 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P9Y
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1500000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4600000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4400000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1334000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
5105000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4709000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3834000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2790000 usd
CY2024Q3 smsi Finite Lived Intangible Asset Expected Amortization Year Five And Thereafter
FiniteLivedIntangibleAssetExpectedAmortizationYearFiveAndThereafter
7159000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
24931000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-6369000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-5133000 usd
us-gaap Net Income Loss
NetIncomeLoss
-44306000 usd
us-gaap Net Income Loss
NetIncomeLoss
-17684000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11832000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8419000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10626000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7787000 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q3 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
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11832000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8419000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10626000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7787000 shares
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2474000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1090000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.54
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.61
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.27
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.54
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.61
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.17
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.27
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2474000 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
895000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1468000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1090000 shares
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1249000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1341000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3520000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3316000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
3700000 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
26.88
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y2M12D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4648000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11001000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15585000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32269000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 businessunit
smsi Number Of Geographic Locations
NumberOfGeographicLocations
2 location
CY2024Q3 smsi Number Of Geographic Locations
NumberOfGeographicLocations
2 location
smsi Number Of Geographic Locations
NumberOfGeographicLocations
2 location
CY2023Q3 smsi Number Of Geographic Locations
NumberOfGeographicLocations
2 location
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4648000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11001000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15585000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32269000 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
400000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
400000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1200000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1200000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1000000.0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
363000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1458000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
958000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
376000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
62000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3217000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
283000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2934000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M4D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.074
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
58500000 usd

Files In Submission

Name View Source Status
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
smsi-20240930.htm Edgar Link pending
smsi-20240930.xsd Edgar Link pending
smsi-2024quarterlyxexx311.htm Edgar Link pending
smsi-2024quarterlyxexx312.htm Edgar Link pending
smsi-2024quarterlyxexx321.htm Edgar Link pending
smsi-20240930_cal.xml Edgar Link unprocessable
smsi-20240930_def.xml Edgar Link unprocessable
smsi-20240930_lab.xml Edgar Link unprocessable
smsi-20240930_pre.xml Edgar Link unprocessable
smsi-20240930_htm.xml Edgar Link completed
0000948708-24-000035-index-headers.html Edgar Link pending
0000948708-24-000035-index.html Edgar Link pending
0000948708-24-000035.txt Edgar Link pending
0000948708-24-000035-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable