Smith Micro Software (SMSI) Q2 2022 Earnings Call Transcript

General News

▤ Summary

Over two years ago in February of 2020 Smith Micro embarked on a mission to takeover absolute industry leadership and the delivery of digital family lifestyle solutions for wireless carriers around the world. As we have discussed on prior investor conference calls, when we set out to consolidate the best features of the acquired technology into our SafePath digital family lifestyle platform we had to significantly grow our engineering teams to meet that goal. Earlier today in order to supplement our liquidity, we announced the closing of a $15 million convertible note transaction primarily with [Inaudible] capital management, a longtime shareholder of Smith Micro. In conclusion, this is an exciting time for Smith Micro, our customers, employees and shareholders as we complete a massive consolidation project and now move forward as the leader in the family digital lifestyle market servicing wireless carriers around the world. Youre now reaching a very meaningful number, if you look at the Street price for the SafePath offering, its about $10 per month recurring, you add in other add-on services like home and drive that goes on top as well as IoT.

▥ Classifications

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applications
Web and Content Management

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SaaS Communications Software Mobile Device Management

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