Smith Micro has a “posse” of investors that have closely followed the company over the years, and I won’t replicate their fine efforts but provide links below for you to go deeper if you’re willing to wade into the blood, sweat, and tears of the Smith saga. I’ve got a bunch of links below to all these folks.
So far, the company has been a train wreck since they hit what was supposed to be the big “inflection point” when they signed agreements with the “big three” carriers to be the software used for their upcoming family safety offerings.
The company has signed agreements with major carriers (T-Mobile TMUS 0.00%↑ , AT&T T 0.00%↑ , and Verizon VZ 0.00%↑ ) to supply their software as the basis for their offerings targeting family safety. Sounds exciting, doesn’t it?
But the implementations have dragged, placing the company in a difficult position and forcing the need to raise capital under less-than-ideal circumstances and terms. The latest quarter was an acute disappointment for investors who thought they would finally turn the corner and start delivering.
The chart tells the story so far, but the future might be different. At the current price, the market cap is ~$140M.
More details and links are below. All the standard disclaimers apply - not financial advice, nobody knows anything, markets are volatile, most people shouldn’t own individual stocks, etc. FWIW I do own some shares and call options on SMSI.
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