Oct. 23 at 8:28 PM
$SMSI - Research Notes
Date/time checked: 2025-10-23 (ET)
Identity & price: Smith Micro Software, Inc. (NASDAQ: SMSI) — ~US 0.73 per share based on multiple data sources.
Filings/news last 90d:
Jul 17, 2025: Announced follow-on equity offering raising ~1.5M.
Jun 04, 2025: Divested ViewSpot® retail display business to focus on family safety software solutions.
Dilution risk:
Follow-on offerings announced in 2025; history of reverse split (1-for-8) in April 2024.
Liquidity:
Sub-micro-cap market cap ~US
$15-22M.
Shares outstanding ~21M.
Average daily volume very low; thin float increases bid-ask and slippage risk.
Balance sheet:
Cash and revenue extremely modest; Nokia filings show revenues declining; negative operating income.
Catalysts:
Next earnings cycle scheduled Nov 5, 2025 (per data site) could provide visibility.
Product deploys (SafePath) and potential carrier contracts may trigger upside.
Sources:
https://finance.yahoo.com/quote/SMSI/
https://www.investing.com/equities/smith-micro-software
https://simplywall.st/stocks/us/software/nasdaq-smsi/smith-micro-software