Smith Micro Software Q4 revenues level with prior year's quarter

Smith Micro Software, Inc. (NASDAQ: SMSI) reported revenues of USD11.8m for the fourth quarter ended December 31, 2013, compared to USD12.0m reported in the fourth quarter of 2012.

Fourth quarter 2013 gross profit on both a GAAP and non-GAAP basis (which excludes stock compensation) was USD9.5m, compared to USD9.7m reported in the fourth quarter of 2012.

GAAP and non-GAAP gross profit as a percentage of revenues was 80.0 percent for the fourth quarter of 2013, compared to 80.6 percent on both a GAAP and non-GAAP basis for the fourth quarter of 2012.

GAAP net loss for the fourth quarter of 2013 was USD1.5m, or USD0.04 loss per share, compared to GAAP net loss of USD4.1m, or USD0.12 loss per share, for the fourth quarter of 2012.

Smith Micro Software provides solutions that simplify, secure and enhance the mobile experience. Its website is at smithmicro.com.

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