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Smith Micro Software Q3 net loss decreases
[November 14, 2012]

Smith Micro Software Q3 net loss decreases


Nov 14, 2012 (Datamonitor via COMTEX) -- Smith Micro Software, a provider of wireless and mobility solutions, has reported that net loss for the third quarter ended September 30, 2012 was $4.81 million, or $0.13 loss per share, compared to net loss of $134.48 million, or $3.76 loss per share, for the same quarter ended September 30, 2011.



Revenues for the third quarter ended September 30, 2012 were $11.01 million, compared to $12.63 million for the same quarter ended September 30, 2011.

Net loss for the nine months ended September 30, 2012 was $21.32 million, or $0.59 loss per share, compared to net loss of $150.08 million, or $4.22 loss per share, for the same period ended September 30, 2011.


Revenues for the nine months ended September 30, 2012 were $31.3 million, compared to $46.53 million for the same period ended September 30, 2011.

"Revenues for the third quarter of 2012 were 8.3% higher than the second quarter primarily due to the continued roll-out of NetWise Director, our data offload solution, as well as market expansion of our Visual Voicemail and Voicemail-to-Text products," said William Smith Jr., President and CEO of Smith Micro Software.

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