Smith Micro Software’s Revenue Breakdown Worldwide (2016-2023)

This statistic highlights Smith Micro Software’s Revenue Breakdown Worldwide, split across Americas, Asia Pacific, and EMEA (Europe, the Middle East, and Africa), reported on a quarterly basis from Q1 2016 onwards.

Smith Micro Software’s Revenue Breakdown Worldwide

The following is Smith Micro Software’s Revenue Breakdown Worldwide in some of its recent quarters.

(All figures are in millions, except percentages)

The total revenue has gradually grown over the passing quarters. Total revenue in the latest quarter was $16.443 million. This marked a YoY growth of 30.2% from the third quarter of 2020 to 2021. From the total revenue recorded in Q2 2021 at $15.919 million, revenue grew by 3% till the latest quarter.

The company’s offices in the United States are located in Aliso Viejo in California, Pennsylvania, and Pittsburgh. Their international offices span Asia and Europe—Belgrade in Serbia, Stockholm in Sweden, and Braga in Portugal. These regions are their primary revenue markets. They are planning to open further offices in Emeryville, Prague, and Zilina.

Americas

The company primarily operates in this region with its focus on the United States. Thus, this region is their major revenue contributor. The revenue gradually increases through the quarters. The highest revenue grossed was thus, in the latest quarter—at $15.825 million. In Q3 2020, the revenue was $12.045 million therefore, YoY growth was 31.38%. The rise from Q2 to Q3 2021 was just 3.09%. In the second and third quarters of 2021, this region occupied approximately 96% of the quarterly revenue and 95% in the third quarter of 2020. 

Europe, the Middle East, and Africa (EMEA)

Smith Micro Software’s second-highest revenue contributor has been the EMEA region. In Europe, the company’s primary revenue markets are countries like Serbia, the Czech Republic, Sweden, Portugal. Revenue growth has not been consistent through the passing quarters. It was the highest in the latest quarter at $0.618 million. In Q3 2020 it was $0.581 million which dipped in Q2 2021 to $0.568 million. QoQ growth from Q2 to Q3 2021 was 8.8%. Revenue grew year-over-year (from Q3 2020 to 2021) by 6.37%. From the above timeline, the revenue mix was the highest in Q3 2020 at 4.6%, which decreased to a contribution of 3.57% in Q2 2021. Revenue mix in the latest quarter rose to 3.76%. From Q1 2020 onwards, there was a massive surge in revenue for this region. This could be due to a greater number of operations and healthier sales.

Asia Pacific

 In the past three quarters—namely, Q1, Q2, Q3 2021; the company has not recorded any revenues from the Asia-Pacific region. This can be attributed to limited or no operations in countries within the region. In Q3 2020, revenue grossed was a mere $3,000. Therefore, APAC is the lowest revenue-contributing region whose revenue contribution has been diminutive and has further dwindled to a null revenue in the recent quarters.

About Smith Micro Software

Founded in 1982 by William W. Smith, Jr., the company provides software solutions to empower wireless carriers and cable service providers for the simplification and enhancement of global mobile consumers’ user experience. Through its provision of mobile applications for digital family security, carrier-grade voice messaging platforms, and smart retail solutions, the company provides assistance to its carrier customers with the development of more strong, profitable relationships with mobile subscribers.

At present, they have only one reportable operating segment—Wireless. This pertains to the consumer IoT market which has created a world where everything can be connected to the wireless internet. These also include devices that are wearables such as pet trackers, fitness trackers, home devices, smartwatches, and GPS locators. Such devices have created a complete ecosystem of OTT applications while broadening how communication service providers can offer value to mobile consumers. Their primary products include CommSuite, ViewSpot, and SafePath. The company’s headquarters are in Pittsburgh, Pennsylvania. It is listed on NASDAQ under the ticker symbol ‘SMSI’. 

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