SMSI - Earnings call 3 2023 | Smith Micro Software, Inc.

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good day, and welcome to the Smith Micro Third Quarter 2023 Earnings Conference Call. [Operator Instructions]. Please note this event is being recorded. I would now like to turn the conference over to Mr. Charles Messman, Vice President of Investor Relations and Corporate Development. sir. ahead, go Please

Charles Messman

now, and results. to everyone. financial discuss quarter release XXXX. the operator, copy received joining our of results appreciate us third press By XX, September today Smith the ended should good you, have We a financial afternoon, with you for you Thank Micro Software's

of www.smithmicro.com. On visit our during and those Relations section growth new Chairman of product plans information hear If you today's copy Board, a Smith, Investor expenses you market have limitations, the we and consist would Bill development, website new Please the including, Chief the regarding and and of at will today's company future that and reserves. and/or future do forward-looking migration not cash like customers, call, have expanded one, Chief product company's some deployments, existing of operating Executive without please profitability, Kempton, and statements, Jim President the opportunities, our by note expectations, discussion and Financial and our Officer; Officer. our new revenue

risks involve or by from forward-looking cause implied actual expressed uncertainties, to differ statements Forward-looking materially which trends those statements. our or and could results

financial Bill. today the press that assumptions that risk financial earlier factors statements, which turn for call filed speak Please For we more refer non-GAAP please subsequent will point as to disseminated any made. measures. forward-looking these in reconciliation XX-Q. Smith the I'll over obligation only update are and refer of said, of to XX-K Micro our to most remarks, Form information, I management's our recently to and to to on included in to our non-GAAP date a Form our filings prepared our Bill? out measures. With in forthcoming want assumes refer they beliefs no our specific release

William Smith

Okay.

need from off, battle this kick I mode, recovering know. to a the with in everybody recovery COVID. I let Before I'm

a off. Good grow like for I are targets an operations. from quarter while you executed plan myself. joining and it's earlier don't what non-GAAP profitability that and said, the Charlie. quarter Thanks, myself, totally an significantly very gross we been to conference on sound feel I if this third probably both perspective, our this excited us feel to has our I I am strong update call. and revenues operational like thank that afternoon, specifically XXXX previously all a kick flow achieving But improved don't achieve So provide core company, for because begin today for lower we to financial cash financial margins expenses, year. From outlined generating aggressive let's

delivered from pretax we non-GAAP of the profit $XX quarter, and quarter, revenue the of previous a million, $XXX,XXX. approximately During up

the activities these I believe also made in over X-plus last pleased million. am that that really of the our commitment also approximately that We the achieved past from we've investment quarter. the the significant earnings now potential of a business goals and that power migration years. operations cash demonstrate $X.X we're I during flow we testament third to team's focus. is these This produced strong results

deployments as behind team proud to towards the and will safety those focus across machine advance core talk safeguard AI of of vision have the customers family I that an been to migration Later very and digital undertaking am leverage as the get of detail, pivot to let's our families. fully morning beyond at SafePath and achieved return focus XXXX it over I of to the our are important on we finish activities to call, the us as privacy the and well efforts to reimaging happy these milestone growth the customer. the Speaking and then market to and significant broader I'm geographic third turn on protect in to us allows new Micro in discuss this and tremendous to future. Smith Jim? for simplifying to this the Secure for positioned call future I Family has better quarter, launch lifestyle company financials elaborate line. capture SafePath segments platform Jim we well helping of our AT&T's for this the believe on are will topic. during and activities a for with opportunities. But about more first, innovations how of now of we This

James Kempton

with results third quarter, everyone. decreased we our quarter. had and a another really profit for we Overall, expenses margins over our sequential as by quarter gross approximately of Thanks, $XXX,XXX were revenue points second growth improved operating by million non-GAAP the produced $X.X the XXX Bill, afternoon, sequentially this the pretax of non-GAAP good basis pleased and X%,

well produced addition, flows March. In results had our XXXX and we outlined earnings back that very approximately call million cash we during with These plan in the of year-end from align $X.X the expectations quarter. on operations

Now the let results the deeper quarter. into me take dive for a

posted same a million approximately of X% decrease CommSuite. we of million compared as a quarter in Family Safety quarter, and revenue decline $XX.X of revenues of XXXX, third $XX the in result to For for a the

million through by a decrease quarter compared coupled related CommSuite were Safe is revenue $X.X $XXX,XXX & September T-Mobile's XXXX, declines of X%. family of to Year-to-date decline second subscribers revenues. noted when Found due last million XXXX, legacy $XX.X in safety primarily in by approximately continued legacy attrition Sprint quarter driven through my to Sprint The of As with year. revenues I in acquisition revenue grew to the of versus third $XX.X XX, million opening the remarks, or

XXXX. or the Family as of quarter approximately $XXX,XXX X% of the revenues reduction revenue decreased by the Safety the quarter the compared primarily $XXX,XXX of Safe XXXX, approximately During Safety Found result quarter a to of revenue. year, third & increased of Sprint to third Family compared second prior by

XXXX. ViewSpot cost generated decreased contract This also customer decrease a one legacy their another we'll revenue would by third ViewSpot XXXX. revenue a a the of period-over-period their CommSuite in to of of third contract notified into our immediately third our attributable result approximately approximately were coupled significant they compared by then revenue flat second informed from was enter $XXX,XXX compared of September, of with of quarter ViewSpot ViewSpot in the of in I third year, of a to in was third ViewSpot existing effective further revenue, network quarter DISH $X.X they initiatives. to XXXX, did customers as not is we and of contract. grew increase ViewSpot U.S. essentially the due compared the terminating the decline to us end have extension that CommSuite existing runs by through which quarter. end Subsequent reduction as increased were third quarter, the no revenue third The to period quarter declined quarter which XX% to $XXX,XXX deliver the decline second we contract our of by during with customer. In we'll continue compared from up the in During services months, The note of by generated the to virtual that the which decrease the primarily quarter consolidated to fourth XXXX. the XX% transition XXXX are as $XXX,XXX anticipated, quarter the quarter transition and post during the Revenue for to When was to deployment XXXX. the period of in Verizon of revenues of time the million X expecting which was the want launched XXXX, sequentially Safety compared mobile to a $XXX,XXX, CommSuite XXXX. concludes. new quarter Family of third the fourth approximately the which revenues operator, that to as Sprint quarter approximately remaining to contract that revenues for to prior termination year quarter

a gross decline an coupled the the year to to to gross the third decrease due compared For of margin second XXX by the million same basis in compared of XXXX, XX% profit gross of points. In result produced prior the the revenues. quarter the in the the of for cost margins the margin expect we $X.X XXXX. in X% third in approximately for of XX% X% in in quarter gross million quarter the with quarter revenues, of to of the third reported gross $X.X as was third to of increased The $X.X by profit to million approximately revenues quarter period decline of profit $XXX,XXX margin XXXX. was due to increase third period-over-period fourth the from compared the in XX% quarter Gross XXXX, increase gross of quarter during

the XXXX, XX, last was operating period. GAAP For a the million or in expenses during from $XX.X the to $XX.X XXXX XX, of $XX.X second year. margin quarter in third ended for to the XXXX, XX, year-to-date was last September for for year-to-date to million expenses September $XX.X were $X.X XX%. of XX% decreased $XXX,XXX or XX% period period XX% compared gross non-GAAP or XXXX quarter XXXX, or to ended September million operating approximately million the GAAP the $XX.X of $XX.X of XXXX. period to period profit a by compared of year-to-date decrease $X.X $XX Gross year. a $X.X third ended were million were million X% million third compared third corresponding million approximately September million, XXXX. XXXX, for expenses XX, of of the operating Non-GAAP compared XXXX, compared of the million the quarter quarter decrease the expenses decrease year-to-date Sequentially, quarter operating

million, million flat press our have approximately reconciliation We by XXXX. Within the to release, of compared the quarter the third operating a million third expenses we to X% $XXX,XXX our would of expect be of was quarter or third and period over compared versus $X.X reduction quarter the $XX.X share of metric. increase XX% income for third quarter and share. per year. $XX.X XXXX to $X.X March, year to decrease This GAAP of non-GAAP approximately XX, of able loss the comparable net the or puts non-GAAP last was fourth in that this million I of $X.XX XXXX was September third or a a non-GAAP the most year. net expenses undertaken today's note metrics for in loss of that also loss in provided of quarter slight that $X.X the actions The aggregate quarter operating perspective. Non-GAAP the to last or pleased XXXX. second magnitude third an of quarter year-to-date non-GAAP through third loss the XXXX, a non-GAAP million XXXX. the to a GAAP net since report quarter the we've income cost expense operating XXXX the execute $XX.X up per second really efforts the declined a of to been net I'm or GAAP million share X compared share $X.XX per in to past for a in $X.XX of of loss $X.XX months per have loss to compared to

asset XXXX, intangible $X.X compensation million to Note changes For derivatives offering million; of for and reconciliation the and depreciation $X.X stock amortization of adjustments third of of of in $X.X approximately of million; the million, quarter includes $X.X stock amortization $XXX,XXX. expense warrants

For the million; million. net $X approximately years, million; in primarily GAAP asset depreciation expense income and of non-GAAP to approximately of personnel certain cumulative $XXX,XXX, foreign and few Note is over activity our warrants past and $X.X due to of amortization expense related for stock severance amortization reconciliation includes year-to-date $XXX,XXX the $X.X intangible and state stock our Due of losses tax to of reorganization $X.X the taxes. period, offering derivatives of changes million, adjustments compensation costs

a $X cash tax of balance The non-GAAP of For expensed we utilize rate equivalents and reflects reported income perspective, the XXXX. tax non-GAAP each X% during sheet XXXX as period. From XXXX. cash we resulting actual September XX, purposes, and expense taxes for a million

quarter. cash approximately notes million remaining As approximately I also had of convertible $X.X was X the the balance I we mentioned from concludes the on warrants flows the of as quarter. This The expire during in financial remarks, we that million my end operating $X.X during note opening million. And quarter, principal my would the unexercised of generated review. activities

Now back to Bill.

William Smith

Thanks, Jim.

market change to traditional things moving For larger more some affect evolving. our of our market. we from bit to on how the the a focus we more trends are call, like vision this this little, seeing that I'd and safety a up family update see quarter's

First, on everyone as that though, like update AT&T, how on touch would I'd like an is to know progressing. I

platform. Secure on know, of you Family at As the was launched end the August SafePath

the change to this to provided underscores which believe continue we customers As we magnitude, potential new migration adapting of with any issues product. have positive and delivering subsequent really this subscribers by launch Overall, address growth of very feedback, releases.

this customer speak subscribers revenue on the but details to marketing continue our to on tell with calls, activities plans that customer our to prior partner quarters. I can't specific drive substantial very the We bullish the with remain grow to customers' coming you I related the can this growth platform. Consistent around to in prospects for I

macro safety to trends are expanded family that the we opening observing in my pivoting our are There some I Now are driving vision market. that mentioned remarks. that

As increase with teens bowling exist concerns an all and to harmful all location for only their but world, A dangers actors. in their protection escalation content increasing physical and around kids share an The like cited see safety. world. conflict, exposure we parents, violence, own recent and know, Street the we are continue to article to willingness the limited their Wall also highlighting not cases chaos, bad in cyber of online to Journal

have trend simplify AI-based of our is Another the lives. that leveraged learning being consumer we which models machine to are observed applications, proliferation in

is Gartner within users functionality over predicted unified daily more of single greater the a of for apps. and will X a population be recently half super application. apps years, growing that such next there consolidated than Additionally, global that the combine super demand platform

demand for super around similar a family shows safety. research app Our centered a

for profanity will children's introduce other inappropriate cyber monitor, parents to features. expanded our about market across ways to creating. and and trends languages. exposure enhancements subscribers value expenses. the We that Lastly, service that to Viewed associated while we well these are provide to providers positioned reducing in SafePath the AI including the popular content address machine opportunities look trends on SafePath are believe safety, family continue on users risks safety media, media aggregate, greater operating we SafePath bullying, to factors family will capitalize also for to these and social cyber social our some mind peace that digital on that delivers of XXXX, excited physical we premium focus and further the premium offer to impacting To of are these affirm and experiences associated In harmful align our strategic provide solutions. with will growing evolve detect upcoming platform. and with alert to SafePath content premium safety about lifestyle learning-driven family location address violence and solutions potentially platforms multiple bowling self-harm,

safety safety Our platform feed data with public will thousands physical safety locations correlate monitor incidents to members public of family alerts. and provide necessary

increase solution calling are This extended this consumers' will and to parenty as We also use members safety of loved ones our well. beyond physical other safety protect intelligence. family

into differentiable about valuable, Now and for SafePath infrastructure, connected and pointed tightly have operators' robust let's SafePath's customers. integration our platform created a Global. solution talk

Latin more make and fragmented America well and X more Tier of X as Europe, deployment operators faced some integrated their MVNOs, like as and SafePath resources For limited can Tier however, globally. smaller challenging. markets obstacles fully the similar We others

alternative operators Tier Global our rapid physical global their IT lower believe time, deployments integration with also a focus markets, digital believe serve markets, and Tier line model with while to resources resources. to which Europe. is our may revenue platforms at core Global safety, social a in reduce includes SafePath penetration support the driving safeguarding in safety, these and the solutions. and deploy our lifestyle deployment there, that new distribute activities staff introducing to to privacy. which to We pillars data on worldwide individual's related with X market to accelerate for our family demand SafePath the on X safety, dependency high-ARPU summary, time time including our data other vision While in we're providers particular SafePath not To same expediting they to safety have investment digital markets the more among media on location and safety resources customers. In includes allow of will customers these we development SafePath IT and and these the should is the family

and As and to and important technologies providers, protecting data user customers, privacy paramount. consumers' service builds to data trust is the families to users data it's privacy, end between our important It's protecting us. on the we At our we honor the for and safety Micro, Smith that we has they purposes security which when deliver family only us. in been us provide trust and entrusted to rely. solutions, placed data

terms ideal In our model, to MNOs business we of that for SafePath. believe continue the channel distribution are

profitable providers and gatekeepers Family relationships, the lives. long-standing broadband mobile MNO serve In most as addition and these primary brand consumers' trusted as piece ARPU. serve consumer proven needs the of recognize and consumers' that connectivity, positioned type remain platform of and a SafePath can integral digital curators our MNOs are MNO's to we offers for also while MNOs an subscribers best of of strategy. which among accounts to growing we loyalty therefore, consumer through customers'

and of additional for new this family evolution confidence great SafePath trends driving digital also address the us the SafePath just our the further customers With MNO we're safety additional also through to our the subscribers. more including positioned penetrate geographic SafePath is has seeing, customers while beginning. platform markets with and space. I we that can are value the believe say innovating their we rapidly, Global, premium which to

out marketplace. In robust very and a remainder please company. Operator, beyond, for map our the open the to and ahead questions. look am serve confident I the have place. of road about and roll we better We new chapter of excited we services the to and closing, in both call continue will year features to next the

Operator

the with Instructions]. Capital. from will question And come first Searle ROTH [Operator Scott

Scott Searle

sequentially? big the Verizon some of of just basically you're that contribution of to expect how us magnitude understand quickly those help X that or Maybe what's to just expecting we understand the the want the quarter, was -- dive revenue Verizon, out losses versus better. I bit guidance. should happen course feeling think on in Bill, in there? ViewSpot have quicker? it March. you phase decline I once that mix into Could the we case in supposed Did of the this a I over to little you're sequential ViewSpot, hope got real

James Kempton

Yes.

contract, services the the as the this going been is family to at end period Verizon end of that safety informed being far transition that November. month, As have we

terms that contract in of contract the we of the revenue And the there year, would to that XXX one have mentioned, we of a up And contracts continues that. so until period material of from transition though contracts, expect the then no ViewSpot and the beyond end days. is

The other contract was immediately. terminated

So from that several that's we And quarter. revenue fourth roughly hundred will see like in during thousand dollars somewhere contract range. no the that

So.

Scott Searle

I in outstanding I terms convert. to And helpful. end I the year and you're within a terms about sort wrap quarter as know think the defining relationship then was that were pipeline the And maybe give I broader-based where maybe of That's you XXXX, building the we year. contract to see make optimistic were a general, front. success? what And maybe one what was just on by any your with that thinking that last convert. difficult up, and Jim, expectation of what how it's follow of to the kind in looking of you up, AT&T the to one, understand region end wondering an into the ramp, detailed get that the I comments account, in you but was is on some could expectation thoughts Europe want ended that of Okay. we secure in new sure there to

William Smith

one take Do that first, to you Jim? want last

James Kempton

$X.X At end convert. we the quarter, remaining take in on I'll had Sure. the approximately of principal million the one the first. last

agreement, $X.X be to the by prepaid year. under that required the and expect the was we the the would had as However, prefunded end of balance million in included approximately we note X of

debt ] at this away point. XXXX [ expect We completely go

William Smith

I first cut dive you off. So let's I'm -- Europe sorry, into because

Scott Searle

I apologize. No,

basically, up follow into moving March will before there expense we quarter? Just interest then the the interest the as on be Jim, is to expectation to Europe. no get

James Kempton

expense interest no assuming we're in point, this At QX. Yes.

William Smith

All right.

very, dive us into remain If expectations we remain growth Europe. they intact. for all XXXX. And and very Yes, further bullish. very even Let's give our hope anything, positive in

about. great what our think So to you'll until all you in relationships it's are we I shape there. wait publicly can should business state But assume that have

As far AT&T... as the

Scott Searle

to SafePath or of Global existing clarify be ahead, you or front -- Just percolating be it, SafePath are classic. before some is is to go developing relationships so I'll the more, that Europe can the on going that call

William Smith

be now. deployments on we Global SafePath here business get some the hand, for other But would it can is the If in these of Europe. completed, perfect

can is use what current if the we necessary. So that's code,

The So Nonetheless, now. Can deployments and we AT&T. the set we I and as busy far are on are have targets time when dates Alright. for start. will move as right to

AT&T to then. turning So

We that migration Circle the complex code the than the prepared we end going a when we was once my started Avas more much through migrated as moved code already more said it is base takes time. process, big We've into at of I from complex was. such, the We circle Ring it as done the product little to product comments. it was bit And this T-Mobile a a this acquired of over This We've SafePath. knew because Okay. before at in undertaking. August, it.

the process that moving being then by for to of setting and activities are happy our the growing customer, and execution initiatives of or focus After have The dates and through. forward to the of I number of defined are way our work end with move we that a worked of customer. be these. 'XX. have launches and in to for we approval, believe say the end end either with done I the will our the very way the think, They year. the would of will we We level all we've it. final things approved each in marketing is of We service this migration that, continue of

very do I well think would say that where very going. will And we're for very, about 'XX we bullish we're us. So

Operator

will come B. FBR. Josh The from with Nichols Riley question next

Josh Nichols

dive see you feel too the least can't know curious, would for highlight But hope you business. in could better days. were grow for of anything quarter, by to into and I in on the I'm on that and or it, I that front? Bill for expectations $XXX,XXX just you Family good $XXX,XXX first if your up you details Safety many and sequentially. coming right Really the promotions at business be AT&T means you on kind what for and that doing seasonality this there's more XQ guys that quarter what you may that if carriers

William Smith

Well, I this. guess say I would

First well off, because QX. of started end we the into you're August, fairly

And stated, and significant probably see it, in existing all has QX, that we practical see I've of because emphasis our that wasn't And already any a ] a through so as end working sight. over. work, we're and process on to way the the [ growth lot in was just customers migrating

to about also we growth, mid-November. say and this when sitting about talking now, And on on in carriers season we But XXX% However, a is we're QX. love start to growth in right selling bringing subs. I'd holiday tend the lot new focus devices could get of mobile and

for us the the launch of major first think I after the will year. focus

where in. So some start be to I looking think that's growth kick for should you

Josh Nichols

some in XQ if you Verizon off magnitude revenue from trajectory today did are anything terms revenue terms but run -- it in with factor of I what of the you then missed like in frame expecting with ViewSpot. you're of [ ATT and when you where sorry, in ], And the

William Smith

way? question your you different a following really ask Can it XXX%. not I'm

Josh Nichols

is that totally XQ. how as on previously that wondering XQ beginning in color you said before thought of away running would to provide off think in Any about? you in you year, I'm Verizon be going from the talked you next revenues just you goes revenue much could down be

James Kempton

think revenue all month, the we by November. so by any ending can the say the that be of the would this end end we Verizon of expect I of is with associated contract

revenue like December associated absolutely So we no in see with contract. that would

Josh Nichols

Okay.

of I if get were were ballpark going X/X you doing So November if this that a million you'd presumably is guess quarter, right? like like approximately through you recognized year, right, a that $X

James Kempton

approximation. That's -- yes, that's an

Operator

Jim McIlree with question James. next from The will come Dawson

James McIlree

revenue you said quarterly QX? can the what just in Jim, expecting you're repeat decline you in

James Kempton

Would be XX% to XX%.

James McIlree

Great.

so big relatively well, is also, CommSuite the the Verizon, then component you have flat? the components two is -- big ViewSpot And but

James Kempton

decline have in We a modeled slight CommSuite.

James McIlree

think I Josh asking Okay. I And think was also. this

So Verizon is of kind trailing down we a Verizon? it sounds month do to end the like with of the get cliff November Or at X? at

William Smith

cliff. get You a

James McIlree

cliff. Great. a Get

plans cutting to Okay. you in to? Or talk to cost can T-Mobile get with back it back about them to further to gets margins what like of that AT&T bring to prior And a any scaling margins your for order eventually and going you'd function be up is improve to levels?

William Smith

It's added from a happy as be function T-Mobile we of scaling very AT&T would some well. and clearly to get help

some that in And safety we of really now to their now. we'll -- we think really really to responsibility, reason And the invest need daily, space. basis. this. I there's think the that's horrific monthly mission impacted profound. so that. don't there's family top-notch live any that I of for hopeful world are whole who mind and attract by I safety I see we there's not of weekly, than all to think to that better be there's application a a of part really peace them done. going around way subs, some us on view talked distributing us a all forward not carriers help the a So want giving be how little carriers the as grow family for to importance events And I that get family is looking by of in we corporate the And subject that right that believe about, the

James Kempton

piece more could one to add I if question. Jim, And your

we quarter. ring those first off able horizon costs, able the this of One goes had once and ring some costs actually of those the fall fourth taking but But are quarter, eliminate Verizon some at in be not that away, those. the to will things legacy in to and to that of we've look related

legacy those cost to costs other third-party be costs. the will ring associated that's we sales thing take able down of some of the So at with

James McIlree

a be? any And what range you can on costs might chance those put

James Kempton

feel guidance don't I quarter, I like X had.. give No, beyond we

James McIlree

of Is after it to think shortly fair those costs November? ending Ring

James Kempton

would that. into some But first first go Yes, again, quarter. yes, quickly in they off, may quarter, the shortly fall the -- after and but

James McIlree

developing is developing. costs with my incremental that Got Or can That's help projects? other Global And from and or X it. involved R&D you products SafePath that? the Or taking Bill, you're last to dollars with you redeploying -- R&D understand are is this that one marketing dollars do initiative that?

William Smith

answer No. [indiscernible]. Go ahead, Jim, it

James Kempton

Jim. redeployment, a really It's

said Bill So in to things migration, as are beyond had able are because SafePath now resources his that to those such as prepared now we -- AT&T we Global. redeploy the remarks,

Operator

The Matthew Harrigan come Benchmark. will next question with from

Matthew Harrigan

don't to how was going doing its taking given in a like to to Family terms -- there. be guess find is people own the there's either nascent another clearly, you of And ask seeing or provider it have demand do internally, things has they feels it address the in I even not fundamentally, companies going because I I everybody Safety telecoms Horizon software it are and in-house is you if this everyone side thing. plug is more environment. because something mean clearly What competition important becoming. on to but also to you are have seeing What doing SafePath about huge Europe, [indiscernible]

William Smith

Charlie, you that? to want try

Charles Messman

in of look I -- think think X so think -- it that I what at that one ways. reasons we're I the Yes, I --

starting carriers that they're Europe see, happening in required think are I some coming laws where important you're too what's particularly down things. to to do really because is with the

get we we've out that that new this that. So think that really aspect of I But started to I products the roll so think there's can to market also faster. these reason

I space, awareness increased think an helps. competition more wouldn't we're I obviously, right? happening the what we're the what's if make is Does say seeing that in that seeing Matt. So our in in It's space, world, sense,

Matthew Harrigan

to I as People themselves try [indiscernible] thanks ] this it. they Yes. answers. smart are -- fast have for to are think they because [ I advance happy your possible. But appreciate they're something hope do to or I as

Operator

any for conference Mr. session. go This our to remarks. to like back over ahead, closing Please concludes the sir. question-and-answer would Messman I Charles turn

Charles Messman

joining sit right want powering to to further please I about call, look for are be Thanks, to for have a ROTH and us those And Well, we'll feel where Bill, to forward [indiscernible] thank conference, talking give excited week. if you next to free that we're Have at through. a really We're with the And us going one. you now. down meet today. and we'd questions, good Thanks. at for love you soon.

Operator

today's conference concluded. you for presentation. now Thank attending has The

You disconnect. may now

Smith Micro Software (SMSI) 8 Nov 232023 Q3 Earnings call transcript