Smith Micro Software (SMSI) Reports In-Line Q4 EPS; Issues Solid FY15 Rev Outlook

Smith Micro Software (NASDAQ: SMSI) reported Q4 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $10.6 million versus the consensus estimate of $10.34 million.

Smith Micro Software sees FY2015 revenue of $45-49 million, versus the consensus of $44.5 million.

Revenue for the fourth quarter of 2014 was $10.6 million, coming in at the top end of our previously announced preliminary results, and we were profitable on both a non-GAAP and GAAP basis," said William W. Smith Jr., President and CEO of Smith Micro Software. "Fourth quarter revenues were up 12 percent sequentially from the third quarter due to growth across all product lines. GAAP operating income was $217,000 for the fourth quarter, and non-GAAP operating income was $797,000, which resulted in a non-GAAP earnings per share of $0.01."

"We've worked hard to enhance our product portfolio, streamline our operations, and turn around our business case, and we are extremely proud to post a profit once again. We will continue to push ourselves to build a balanced, predictable base of business. We are reiterating our previously announced guidance for fiscal 2015 and expect to remain profitable for the entire year," Mr. Smith concluded.

For earnings history and earnings-related data on Smith Micro Software (SMSI) click here.

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