Smith Micro Reports Second Quarter 2026 Financial Results
Smith Micro reported Q2 revenue of $4.3 million, a slight decrease from $4.4 million in the prior year, but achieved its second consecutive quarter of sequential revenue growth. Gross margin expanded significantly to 81.3% from 73.5% year-over-year, while GAAP net loss narrowed substantially to $2.7 million, or $0.52 per share, compared to a loss of $15.1 million in the same period last year. The company ended the quarter with $2.8 million in cash and highlighted strong pipeline activity, including two new customers preparing to launch and the introduction of the SafePath Connect platform.
Key figures
- Revenue
- $4.3 million
- Cash
- 2800000
- Gross margin
- 81.3%
- Gaap net loss
- $2.7 million
- Non gaap net loss
- $1.0 million
- Reverse split ratio
- 1-for-5
- Proceeds stock offering
- 1546000
- Proceeds convertible notes
- 4000000
AI analysis
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