Smith Micro Software Earnings: Everything You Must Know Now

Smith Micro Software Inc. (NASDAQ:SMSI) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Smith Micro Software Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.06 in the quarter versus EPS of $-0.12 in the year-earlier quarter.

Revenue: Rose 7.03% to $12.03 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Smith Micro Software Inc. reported adjusted EPS loss of $-0.06 per share. By that measure, the company beat the mean analyst estimate of $-0.08. It beat the average revenue estimate of $11.97 million.

Quoting Management: “Our fourth quarter revenues of $12.0 million were up 7.1% from the same period last year, and up 9.3% from the third quarter of 2012, primarily due to continued growth in our CommSuite solutions, which allow wireless carriers to capitalize on the convenience and stickiness of Visual Voicemail and Voice-to-Text applications,” said William W. Smith Jr., President and CEO of Smith Micro Software. “Our fourth quarter non-GAAP loss per share of $0.06 was cut in half from last year’s $0.12 loss per share due to higher revenues and on-going cost containment efforts. While we were disappointed in our total year revenue decline in 2012 versus 2011, we are encouraged by the year-over-year increase of $6.9 million in our newer NetWise and CommSuite product lines and the sequential growth of revenue throughout 2012.”

Key Stats (on next page)…

Revenue increased 9.26% from $11.01 million in the previous quarter. EPS increased to $-0.06 in the quarter versus EPS of $-0.07 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.07 and has not changed. For the current year, the average estimate has moved down from a loss of $0.39 to a loss of $0.40 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)