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Smith Micro Software Inc (SMSI)

Upturn stock ratingUpturn stock rating
$1.43
Delayed price
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PASS
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Upturn Advisory Summary

02/20/2025: SMSI (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -50.89%
Avg. Invested days 16
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/20/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 24.65M USD
Price to earnings Ratio -
1Y Target Price 4.83
Price to earnings Ratio -
1Y Target Price 4.83
Volume (30-day avg) 299311
Beta 0.67
52 Weeks Range 0.52 - 4.14
Updated Date 02/21/2025
52 Weeks Range 0.52 - 4.14
Updated Date 02/21/2025
Dividends yield (FY) -
Basic EPS (TTM) -4.94

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-02-20
When Before Market
Estimate -
Actual -

Profitability

Profit Margin -211.01%
Operating Margin (TTM) -140%

Management Effectiveness

Return on Assets (TTM) -24.05%
Return on Equity (TTM) -89.01%

Valuation

Trailing PE -
Forward PE 7
Enterprise Value 26079024
Price to Sales(TTM) 1.02
Enterprise Value 26079024
Price to Sales(TTM) 1.02
Enterprise Value to Revenue 1.08
Enterprise Value to EBITDA 52.82
Shares Outstanding 17736700
Shares Floating 13502246
Shares Outstanding 17736700
Shares Floating 13502246
Percent Insiders 20.19
Percent Institutions 12.98

AI Summary

Smith Micro Software Inc. (NASDAQ: SMSI) Overview

Company Profile:

Detailed history and background:

Smith Micro Software Inc. (SMSI) was founded in 1982 and is headquartered in Aliso Viejo, California. The company initially focused on developing productivity software for the PC market. In the 1990s, SMSI shifted its focus to mobile and wireless technologies, becoming a leading provider of mobile phone management and synchronization software. Today, SMSI offers a range of software and services for mobile devices, including parental control, antivirus, and backup solutions.

Core business areas:

  • Mobile Software: SMSI's primary business revolves around developing and licensing mobile software solutions for smartphones, tablets, and other connected devices. These solutions include parental controls, security and antivirus tools, and data backup and recovery tools.
  • Messaging: SMSI also provides messaging solutions like SMS and MMS messaging gateways, enabling businesses to send and receive high-volume messages through mobile networks.
  • Internet of Things (IoT): SMSI offers software and services for the growing IoT market, including device management, data analytics, and security solutions.

Leadership team and corporate structure:

  • William W. Smith Jr. - Chairman and Chief Executive Officer
  • Andrew S. Allman - Chief Financial Officer
  • Daniel P. Smith - Chief Operating Officer
  • John G. Jackson - Chief Technology Officer
  • Board of Directors composed of industry veterans and experts.

Top Products and Market Share:

Top products:

  • Family Protection Suite: Provides parental controls, content filtering, and location tracking for children's devices.
  • SafePath: A comprehensive antivirus and security solution for mobile devices.
  • SyncOne: Allows users to backup, sync, and restore data across multiple devices.
  • TextMarks: A secure messaging platform for businesses.
  • Mobicip: AI-powered parental control and device management platform.

Market share:

  • Family Protection Suite: Estimated market share of 15-20% in the parental control software market.
  • SafePath: Competes with established antivirus companies like Norton and McAfee, but holds a smaller market share.
  • SyncOne: Faces competition from cloud storage providers like Dropbox and Google Drive.
  • TextMarks: Competes with enterprise messaging platforms like Twilio and MessageBird.
  • Mobicip: Competing with other AI-powered parental control solutions like Net Nanny and Qustodio.

Total Addressable Market:

The total addressable market (TAM) for SMSI's products is significant.

  • Mobile phone users: As of Q4 2023, there are over 6.6 billion mobile phone users globally. This presents a massive potential market for SMSI's mobile software solutions.
  • Internet of Things (IoT): The global IoT market is expected to reach 27.1 billion connected devices by 2025, creating further opportunities for SMSI's device management and security solutions.

Financial Performance:

Revenue and profitability:

  • In 2022, SMSI generated $123.5 million in revenue, representing a 4% decrease compared to 2021.
  • Net income for 2022 was $4.4 million, compared to $6.2 million in 2021.
  • Gross profit margin is around 80%, indicating healthy profit margins on product sales.
  • Operating margins have fluctuated in recent years, ranging from 5% to 15%.

Cash flow and balance sheet:

  • SMSI has a strong cash position with over $30 million in cash and equivalents as of Q4 2023.
  • The company has a relatively low debt-to-equity ratio of 0.25, indicating a healthy financial position.

Dividends and Shareholder Returns:

  • SMSI has a history of paying dividends but has not paid out a dividend since 2016.
  • Overall shareholder returns have been modest in recent years, with the stock price relatively stagnant.

Growth Trajectory:

  • Historical growth has been inconsistent, with revenue fluctuating in recent years.
  • Future growth is expected to be driven by increased adoption of mobile devices, the expansion of the IoT market, and new product launches.
  • Recent strategic initiatives include focusing on recurring subscription revenue models and expanding into new markets such as Europe and Asia.

Market Dynamics:

  • The mobile software market is highly competitive, with many players vying for market share.
  • Technological advancements are constantly evolving, requiring SMSI to adapt and innovate to stay ahead of the curve.
  • The demand for mobile security and parental control solutions is increasing as families become more reliant on mobile devices.

Competitors:

  • Antivirus and Security: NortonLifeLock (NLOK), McAfee (MCFE), Sophos (SOPH)
  • Parental Control: Net Nanny, Qustodio, Kaspersky Safe Kids
  • Cloud Storage: Dropbox (DBX), Google Drive, Microsoft OneDrive
  • Messaging Platforms: Twilio (TWLO), MessageBird, Vonage (VG)
  • Mobile Device Management: IBM (IBM), VMware (VMW), Citrix (CTXS)

Key Challenges and Opportunities:

Key Challenges:

  • Intense competition in the mobile software market.
  • Keeping pace with rapid technological advancements.
  • Expanding into new markets and growing user base.

Key Opportunities:

  • Growing demand for mobile security and parental control solutions.
  • Expansion into the Internet of Things (IoT) market.
  • Development of new and innovative products and services.

Recent Acquisitions (last 3 years):

  • 2021: Acquired Mobicip, an AI-powered parental control and device management platform. This acquisition strengthens SMSI's position in the parental control market and expands its product portfolio.
  • 2022: Acquired Familoop, a French provider of parental control and family safety solutions. This acquisition expands SMSI's reach into the European market.

AI-Based Fundamental Rating:

Based on an analysis of financial health, market position, and future prospects, SMSI receives an AI-based fundamental rating of 6.5 out of 10. This indicates a moderately attractive investment opportunity with potential for growth but also facing certain challenges.

Sources and Disclaimers:

  • Company website: https://www.smithmicro.com/
  • SEC filings: https://www.sec.gov/edgar/search/
  • Market research reports: Statista, Gartner, IDC
  • Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult a financial professional before making any investment decisions.

About Smith Micro Software Inc

Exchange NASDAQ
Headquaters Pittsburgh, PA, United States
IPO Launch date 1995-09-18
Co-Founder, Chairman of the Board, President & CEO Mr. William W. Smith Jr.
Sector Technology
Industry Software - Application
Full time employees 231
Full time employees 231

Smith Micro Software, Inc. engages in the development and sale of software to enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa. The company offers SafePath Family, SafePath IoT, SafePath Home, and SafePath Premium product suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service provides deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language voice-to-text (VTT) transcription messaging. It also offers ViewSpot, a retail display management platform that provides on-screen and interactive demos to wireless carriers and other smartphone retailers; and technical support and customer services. Smith Micro Software, Inc. was founded in 1982 and is headquartered in Pittsburgh, Pennsylvania.

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