Smith Micro Software, INC
Market Movers (8-K)
NASDAQ
Smith Micro Software, Inc. has entered into agreements to induce the cash exercise of existing warrants, raising approximately $1.6 million in gross proceeds.
Capital raise
NASDAQ
Smith Micro Software, Inc. announced a 1-for-5 reverse stock split approved by stockholders, effective June 4, 2026, to enhance its stock's marketability and compliance with Nasdaq listing requirements.
Capital raise
NASDAQ
Smith Micro Software, Inc. announced a $4.9 million private placement of secured convertible notes and warrants, alongside a leadership transition with Tim Huffmyer succeeding Bill Smith as CEO, effective March 31, 2026.
Capital raise
Worse than expected
NASDAQ
Smith Micro Software, Inc. secured a $1 million financing package, including a secured promissory note and common stock warrants, from the Smith Living Trust, controlled by its CEO.
Capital raise
Worse than expected
NASDAQ
Smith Micro Software, Inc. received an additional 180-day extension from Nasdaq to regain compliance with the $1.00 minimum bid price requirement, pushing the deadline to June 22, 2026.
Delay expected
NASDAQ
Smith Micro Software, Inc. announced two concurrent offerings, a registered direct offering and a private placement with its CEO, to raise approximately $2.65 million for working capital and general corporate purposes.
Capital raise
Delay expected
Quarterly Earnings (10-Q)
NASDAQ
Smith Micro Software reports a Q1 2026 net loss of $3.9 million amid ongoing restructuring and capital raising efforts.
Capital raise
NASDAQ
Smith Micro Software reports a 6% revenue drop and significant net loss, raising substantial doubt about its ability to continue as a going concern.
Capital raise
Worse than expected
NASDAQ
Smith Micro Software reported significant losses and revenue declines for Q2 2025, triggering a going concern warning and another Nasdaq minimum bid price notice.
Capital raise
Worse than expected
NASDAQ
Smith Micro Software's Q1 2025 revenue decreased by 20% year-over-year, primarily due to declines in the Family Safety and ViewSpot product lines, despite ongoing cost reduction initiatives.
Capital raise
Worse than expected
NASDAQ
10-Q: Smith Micro Software Reports Significant Revenue Decline in Q3 2024, Faces Going Concern Uncertainty
Smith Micro Software experienced a 58% revenue decrease in the third quarter of 2024 compared to the same period last year, primarily due to the loss of a major Family Safety contract and declining ViewSpot revenues, raising concerns about the company's ability to continue as a going concern.
Worse than expected
Capital raise
NASDAQ
Smith Micro Software experienced a significant 50% revenue decrease in the second quarter of 2024, primarily due to the loss of a major Family Safety contract and declining legacy revenues.
Worse than expected
Capital raise
Annual Reports (10-K)
NASDAQ
Smith Micro Software's 2025 annual report reveals a 16% revenue decrease to $17.4 million, alongside a $30.1 million net loss and ongoing 'going concern' doubts, despite cost reduction efforts.
Capital raise
Worse than expected
NASDAQ
Smith Micro Software's 2024 annual report reveals a significant 50% drop in revenue, primarily due to the loss of a major customer and other market factors.
Worse than expected
Capital raise
NASDAQ
Smith Micro Software's 2023 annual report reveals a challenging year marked by a significant contract termination, restructuring efforts, and a net loss, while highlighting strategic shifts and future growth opportunities.
Worse than expected
Capital raise
Insider Trading (Form 4)
NASDAQ
Executive Chairman William W. Smith Jr. reported the withholding of 1,618 shares of Smith Micro Software to cover tax obligations.
NASDAQ
Smith Micro Software CEO Timothy Huffmyer sold 588 shares to cover tax withholding obligations related to equity vesting.
NASDAQ
CFO Bethany M. Braund reported the withholding of 1,850 shares of Smith Micro Software common stock to cover tax obligations.
NASDAQ
Executive Chairman William W. Smith Jr. reported the withholding of 1,618 shares of Smith Micro Software to cover tax obligations.
NASDAQ
Smith Micro Software CFO Bethany M. Braund reported the withholding of 6,761 shares to cover tax obligations related to equity vesting.
NASDAQ
Smith Micro Software CEO Timothy Huffmyer disposed of 588 shares to satisfy tax withholding requirements related to equity vesting.
Proxy Statements (Def-14A)
NASDAQ
Smith Micro Software seeks shareholder approval for a reverse stock split and issuance of shares underlying warrants.
Worse than expected
Capital raise
NASDAQ
Smith Micro Software, Inc. calls a special meeting to approve the issuance of common stock underlying warrants, crucial for future capital and Nasdaq compliance.
Delay expected
Capital raise
NASDAQ
Smith Micro Software announces its 2025 Annual Stockholder Meeting to be held virtually on June 3, 2025, with key proposals including director elections and compensation approval.
NASDAQ
Smith Micro Software will conduct its 2025 Annual Meeting of Stockholders virtually on June 3, 2025, and is seeking stockholder approval for several proposals, including amendments to its equity incentive and employee stock purchase plans.
Worse than expected
Capital raise
NASDAQ
Smith Micro Software is holding a special meeting to seek stockholder approval for the potential issuance of shares to its CEO, William W. Smith, Jr., which would result in him owning 20% or more of the company's common stock.
Capital raise
NASDAQ
Smith Micro Software is set to hold its 2024 Annual Meeting of Stockholders virtually on June 18, 2024, to vote on key proposals including the election of directors and approval of an amended equity incentive plan.
New Public Companies (S-1)
NASDAQ
Smith Micro Software, Inc. has filed an S-1 registration statement to allow selling stockholders to resell up to 487,349 shares of common stock issuable upon exercise of warrants.
Capital raise
NASDAQ
Smith Micro Software registers 18.2 million shares for potential resale by selling stockholders following recent debt and warrant issuances.
Capital raise
NASDAQ
Smith Micro Software, Inc. has filed an S-1 registration statement to allow selling stockholders to resell up to 9.1 million shares of common stock, following several recent capital raises and ongoing Nasdaq minimum bid price compliance issues.
Capital raise
Worse than expected
NASDAQ
Smith Micro Software, Inc. filed an S-1 registration statement for the resale of up to 1.61 million common shares by selling stockholders, potentially raising $1.93 million for the company upon warrant exercise.
Worse than expected
Capital raise
NASDAQ
Smith Micro Software, Inc. has filed a registration statement for the resale of 8.5 million shares of common stock by existing stockholders and announced a recent private placement and registered direct offering, signaling potential shifts in its financial strategy.
Worse than expected
Capital raise
NASDAQ
Smith Micro Software launches an offering of common stock, warrants, and pre-funded warrants to raise up to $16.7 million for general corporate purposes and working capital.
Worse than expected
Capital raise
Schedule 13D - Activist Investments
NASDAQ
William W. Smith, Jr. has amended his Schedule 13D filing to reflect increased beneficial ownership in Smith Micro Software, Inc. due to newly exercisable warrants and convertible notes.
NASDAQ
Executive Chairman William W. Smith, Jr. reports a 40.2% beneficial ownership stake in Smith Micro Software following a 1-for-5 reverse stock split.
Capital raise
NASDAQ
Executive Chairman William W. Smith Jr. reports increased beneficial ownership in Smith Micro Software following shareholder approval of warrant exercises.
Capital raise
NASDAQ
William W. Smith, Jr., CEO of Smith Micro Software, Inc., increased his beneficial ownership to 32.2% through a warrant purchase by the Smith Living Trust.
Delay expected
Capital raise
NASDAQ
William W. Smith, Jr., CEO of Smith Micro Software, Inc., increased his beneficial ownership to 30.0% through recent share and warrant acquisitions by the Smith Living Trust.
Delay expected
Capital raise
Schedule 13G - Passive Investments
NASDAQ
William W. Smith, Jr. has filed an amended Schedule 13G, disclosing beneficial ownership of 18.7% of Smith Micro Software, Inc.'s common stock as of December 31, 2024.