Smith Micro Software, Inc. (SMSI)

Smith Micro Software Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	40.86	48.51	58.42	51.3	43.35
Revenue Growth (YoY)	-15.77%	-16.96%	13.88%	18.35%	64.91%
Cost of Revenue	10.56	14.21	12.7	5.19	3.93
Gross Profit	30.3	34.3	45.72	46.11	39.42
Selling, General & Admin	23.87	28.39	29.5	21.9	17.44
Research & Development	17.15	29.39	26.2	17.77	11.68
Other Operating Expenses	7.35	7.45	8.1	2.92	0.19
Operating Expenses	48.36	65.23	63.8	42.59	29.31
Operating Income	-18.06	-30.93	-18.07	3.52	10.11
Interest Expense / Income	6.35	2.68	-0.03	-0.1	-0.23
Other Expense / Income	-0.17	-4.55	12.79	-0.71	-0.47
Pretax Income	-24.24	-29.05	-30.83	4.33	10.8
Income Tax	0.16	0.23	0.22	0.16	0.08
Net Income	-24.4	-29.28	-31.04	4.17	10.72
Net Income Growth	-	-	-	-61.15%	-
Shares Outstanding (Basic)	8	7	6	5	4
Shares Outstanding (Diluted)	8	7	6	5	5
Shares Change	17.13%	8.18%	19.80%	15.61%	65.72%
EPS (Basic)	-3.04	-4.24	-4.88	0.80	2.48
EPS (Diluted)	-3.04	-4.24	-4.88	0.80	2.32
EPS Growth	-	-	-	-65.52%	-
Free Cash Flow	-6.98	-19.31	-13.75	6.97	8.7
Free Cash Flow Per Share	-0.86	-2.79	-2.15	1.37	2.02
Gross Margin	74.16%	70.71%	78.27%	89.88%	90.94%
Operating Margin	-44.19%	-63.75%	-30.94%	6.86%	23.31%
Profit Margin	-59.70%	-60.35%	-53.14%	8.12%	24.74%
Free Cash Flow Margin	-17.07%	-39.80%	-23.53%	13.58%	20.07%
Effective Tax Rate	-	-	-	3.70%	0.74%
EBITDA	-10.68	-19.12	-20.36	7.81	11.92
EBITDA Margin	-26.14%	-39.42%	-34.86%	15.23%	27.49%
Depreciation & Amortization	7.2	7.25	10.5	3.58	1.34
EBIT	-17.88	-26.37	-30.86	4.23	10.57
EBIT Margin	-43.77%	-54.36%	-52.83%	8.24%	24.39%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).