Smith Micro Software Reports Q3 Revenue Growth and Forecasts $5.4M-$5.6M for Q4
Smith Micro Software (SMSI) reported a productive third quarter, characterized by a 16% increase in revenue compared to the previous quarter. The company achieved significant margin expansion, with gross margins rising to 81.6%. Management noted that these results surpassed the achievements seen in the second quarter. Looking ahead, Smith Micro has provided Q4 revenue guidance in the range of $5.4 million to $5.6 million. The company is also focusing on scaling its product ecosystem through expanded deployments of SafePath Connect and SafePath OS.
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