trending Market Intelligence /marketintelligence/en/news-insights/trending/vDwz8TanaewgoS6lqD7o6w2 content esgSubNav
In This List

Smith Micro Software swings to loss in Q1

Blog

Middle East & Africa M&A by the Numbers: Q2 2021

Blog

Live TV still dominates most TV viewing in Asia

Blog

Netflix amortized content spend estimated at $13.6 billion in 2021

Blog

Insight Weekly: SPAC momentum builds on; higher rates fear; copper prices rebound


Smith Micro Software swings to loss in Q1

Smith Micro Software Inc. said its normalized net income for the first quarter amounted to a loss of $2.3 million, compared with income of $630 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 31.9% from 0.0% in the year-earlier period.

Total revenue declined 31.5% year over year to $7.2 million from $10.5 million, and total operating expenses rose year over year to $10.9 million from $10.5 million.

Reported net income came to a loss of $3.7 million, or a loss of 32 cents per share, compared to a loss of $10,000, or a loss of 0 cents per share, in the year-earlier period.