Smith Micro Software (SMSI) risk factors

Item 1A of every Smith Micro Software, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2025 10-K risk factors
33 risks9 new2 dropped9 reworded
The company added significant risk disclosures regarding newly issued senior secured convertible notes and associated warrants.
Filed Mar 05, 2026
FY2024 10-K risk factors
26 risks
The company relies heavily on a small group of large wireless carrier customers for its revenue. Substantial doubt exists regarding the company's ability to continue as a going concern without additional capital. The loss of a major U.S. Tier 1 customer contract in 2023 continues to impact financial results.
Filed Mar 12, 2025