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SMITH MICRO SOFTWARE, INC. (SMSI)

Income Statement Business | Product | Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Two Customer  18.414.0      
    Wireless  48.558.450.742.624.5 23.133.6
    Graphics     0.71.8 5.16.0
    Other    0.6     
Total revenues  48.558.451.343.326.323.028.239.5
            Revenue growth   [+]-17.0%13.9%18.4%64.9%14.4%-18.6%-28.5%6.8%
Cost of goods sold  14.212.75.23.94.35.17.68.2
Gross profit  34.345.746.139.422.017.920.731.4
            Gross margin  70.7%78.3%89.9%90.9%83.5%77.9%73.2%79.4%
Selling, general and administrative   [+]29.029.521.917.414.414.720.020.0
Research and development  29.926.217.811.78.69.015.913.9
Other operating expenses  6.321.02.2-0.5    
EBITDA   [+]-23.4-21.67.812.1-0.3-4.9-13.8-0.6
            EBITDA margin  -48.2%-37.0%15.2%28.0%-1.0%-21.2%-48.9%-1.6%
Depreciation  1.21.20.70.40.60.61.21.9
EBITA  -24.6-22.87.211.7-0.8-5.5-15.0-2.5
            EBITA margin  -50.7%-39.1%13.9%27.0%-3.2%-23.9%-53.1%-6.4%
Amortization of intangibles  6.38.12.90.90.20.30.2 
EBIT   [+]-30.9-30.94.210.8-1.0-5.8-15.2-2.5
            EBIT margin  -63.7%-53.0%8.2%24.9%-4.0%-25.2%-53.8%-6.4%
Non-recurring items   [+]  0.70.70.2-0.10.7 
Interest expense, net   [+]2.70.0-0.1-0.20.51.10.30.0
Other income (expense), net   [+]4.60.10.70.5-1.0-0.40.60.0
Pre-tax income  -29.1-30.84.310.8-2.7-7.2-15.6-2.5
Income taxes  0.20.20.20.10.0-0.5-0.20.1
            Tax rate    3.7%0.7% 7.6%1.5% 
Net income  -29.3-31.04.210.7-2.7-6.7-15.3-2.6
            Net margin  -60.4%-53.1%8.1%24.7%-10.4%-29.0%-54.3%-6.6%
   
Basic EPS   [+]($0.53)($0.61)$0.10$0.31($0.12)($0.49)($1.28)($0.23)
Diluted EPS   [+]($0.53)($0.61)$0.10$0.29($0.12)($0.49)($1.28)($0.23)
   
Shares outstanding (basic)   [+]55.451.240.834.522.313.512.011.5
Shares outstanding (diluted)   [+]55.451.242.837.022.313.512.011.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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