QUOTE AND NEWS
DailyFinance  Aug 18  Comment 
ALISO VIEJO, CA -- (Marketwired) -- 08/18/14 -- Smith Micro Software, Inc. (NASDAQ: SMSI), a leading provider of wireless and mobility solutions, today announced that it has received commitments to purchase 6,667,200 shares of its common stock...
SeekingAlpha  Aug 2  Comment 
Smith Micro Software Inc. (NASDAQ:SMSI) Q2 2014 Earnings Conference Call July 30, 2014 4:30 pm ET Executives Todd Kehrli - IR, MKR Group William W. Smith, Jr. - President and CEO Steven M. Yasbek - CFO Carla Fitzgerald - CMO ...
Benzinga  Jul 21  Comment 
The patent, according to a company press release, will now allow operators to offer the desktop, tablet and mobile VoIP software developer's Over the Top communications product with "trusted mobile based user authentication." CounterPath...
StreetInsider.com  Jul 3  Comment 
Regado Biosciences, Inc. (Nasdaq: RGDO) 58.1% LOWER; announced that the Data Safety Monitoring Board (DSMB) has initiated an unplanned review of data from the REGULATE-PCI trial. Patient enrollment has been paused until the DSMB has completed its...
StreetInsider.com  Jul 3  Comment 
The following is a list of notable articles to help get you through the lunch hour: GoPro (GPRO) Goes from Momentum Trade to Battleground Stock -> Read this! China Stocks Active Following PMI Services Data for June (FXI) -> Read this! ...
TheStreet.com  Jun 6  Comment 
NEW YORK (TheStreet) -- Shares of Smith Micro Software  are down -18.40% to 87 cents in midday trading today.The tech company issued a statement in which said it is not involved in developing a future smartphone with Amazon .Smith Micro...
TheStreet.com  Jun 5  Comment 
NEW YORK (TheStreet) -- Smith Micro Software gained 35.9% to $1.06 Thursday following rumors of Amazon.com's upcoming smartphone. Amazon.com recently announced an event on June 18 where it will likely announce a smartphone. Rumors about the...
TheStreet.com  May 9  Comment 
NEW YORK (TheStreet) -- Smith Micro Software  plummeted to a one-year low of 66 cents on Friday after the tech company reported first-quarter results that came up short of analysts' expectations. The company reported a loss of 14 cents a share,...
StreetInsider.com  May 9  Comment 
Doral Financial Corp. (NYSE: DRL) 49.0% HIGHER; making a smart run today after Moody's and S&P downgraded the stock earlier in the week. Moody's, today, also downgraded the Puerto Rico Conservation Trust Fund's secured notes to C, with no...
StreetInsider.com  May 9  Comment 
Smith Micro Software, Inc. (NASDAQ: SMSI) 36.3% LOWER; reported Q1 EPS of ($0.07), $0.02 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $8.4 million versus the consensus estimate of $9.79 million. Rocket Fuel...




 
TOP CONTRIBUTORS

Smith Micro Software designs, develops and markets software products and services primarily for the mobile computing and communications industries. The company makes money through its portfolio of wireless software products and services including a wide range of software solutions including its QuickLink® family of products.[1] SMSI then sells their products and services to many of the world’s leading mobile network operators, original equipment manufacturers (“OEM”), device manufacturers and enterprise businesses, as well as directly to consumers. A large portion of SMSI's sales are dependent on very few large wireless communication companies.

Business Growth

SMSI separates revenues into two main segments:

  • Wireless includes the company's connectivity and security management, mobile VPN, media and content management, device management, Push-To-Talk, Visual Voicemail, contact and calendar syncing and video content delivery and optimization solutions.[2]
  • Productivity & Graphics includes retail and direct sales of compression and broad consumer-based software.[3]

Trends and Forces

SMSI is Highly Dependent on a Few Major Customers due to Industry Consolidation

SMSI's revenues are highly dependent upon the biggest wireless communications companies. For example, Verizon Communications (VZ), Sprint Nextel (S) and AT&T (T) accounts for roughly 66.3% of the company's revenues. Because the industry is so consolidated, these big three companies have considerable leverage over the price charged for SMSI's products, which therefore influence the top-line sales that SMSI may achieve. To increase sales outside core vertical markets, for example to large enterprises, requires SMSI to devote time and resources to hire and train sales employees familiar with those industries but customers in other vertical markets may not need or sufficiently value SMSI's current products or new product introductions.[4]

Emerging Markets is the Next Source of Opportunity for SMSI

By moving away from traditional domestic markets, SMSI plans to expand its product offerings to support new higher speed networking and 4G technologies such as HSPA+, LTE and WiMAX network protocols. However these markets already have competitors in them, so SMSI's depends on carrier customers’ ability to successfully introduce new mobile services enabled by SMSI's products and the company's own ability to broaden carrier customer base, which is difficult and time-consuming.

Competition

SMSI competes with other software support companies to large wireless communication companies, such as:

  • MicroStrategy (MSTR) is a worldwide provider of business intelligence software that enables companies to report, analyze and monitor the data stored across their enterprise.[5]
  • Silicon Graphic Internat (SGI) is a provider of clustered computing and storage, high-performance compute and storage, and data center technologies integrated with a choice of software, customer support services and professional services.[6]
  • TIBCO Software (TIBX) is an independent provider of middleware and infrastructure software.[7]




References

  1. SMSI FY2010 10-K, Pg 1
  2. SMSI FY2010 10-K, Pg 25
  3. SMSI FY2010 10-K, Pg 26
  4. SMSI FY2010 10-K, Pg 21
  5. MSTR Business Description
  6. SGI Business Description
  7. TIBX Business Description
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