SMSI - Earnings call transcript Q2 2024 | Smith Micro Software, Inc.

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Operator

Good day and welcome to the Smith Micro Second Quarter 2024 Earnings Conference Call. All participants will be in listen only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Charles Messman, Vice President of Marketing. ahead. go Please

Charles Messman

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

the you and www.smithmicrocrop.com. limitation, visit Please Relations Jim section of of If of Kempton, you note company's copy President, a that our our Investor have without Board, call, hear and and would Smith, Chief website regarding those Officer, the at Financial some On Executive Officer. do not like today's Bill one, please of during Chief revenue our the will including future consist discussion today's Chairman the forward-looking statements, profitability. information

company's development existing Our future opportunities, by deployment, expanded and new Plans operating expectations, customers, availability, expenses reserves. new new and our market and the migration cash growth and and product product and

over which measures. Forward-looking assumes that statements. statements ball forward-looking our trends turn measures, assumptions these non-GAAP only in recent financial update of fourth our in expressed said, XX-K. coming earlier With to our out which by factors to I made. actual Bill. to involve today that I'll prepared the release point refer or forward-looking implied non-GAAP disseminated beliefs management's we risk reconciliation speak to Micro to as of they're a from filing cause the uncertainties, financial differ Bill. which to the want for remarks refer most press materially to date Smith to included refer risks information those no please and More obligation our results or any Form could statements

William Smith

for Thanks, quarter XXXX second call. afternoon thank today us our and you conference Charlie. joining for Good

call, business growth on we continue Let profitability. On with our quick as last to back the customer our and this our to would the me presentation be today SafePath way updates some first work Global. announced that we start to launch

our that powered during deployment accelerated model Boost significant confirm also it This to the to pleased the not more is was demonstrates this SafePath potential in us, of the is very weeks. first in Boost SafePath near SafePath Guard, Guard, term. Global This are going to expect deployment is of and us, model Global for but duplicable potential about Family which contract wins and for Family this because a launch only milestone We launch six execution we from growth the second a quarter. for Global see by

In addition deploy activities to and be functionality and to path remainder this to quickly launch for Garden, the to have us Family offers the anticipate upgrade updates Marketing model cycle, the Global tools with that new Boost year. other subscriber move that features allows app platform. significant we faster the to with and SafePath a over growth the of on added can begun platform also

carrier our are unique, family partner, offering European that efforts safety our the we completion X enabled previously SafePath the with of Tier nearing Next, we referenced. development on

market We to go of channels, innovative, an multitude a of market launch strategy European the expect a are Tier the to different this solution in partner will early our in phase new and be that widespread the last to excited across X process bringing fall.

expansion of opened rest and and the visible throughout opportunities the the to quite be to it for world. Europe door new expect We

per million on last we cost cost I Turning have call. $X.X approximately of our discussed million which to quarter, to our reduction completed our structure, $X

third be results. of full quarter reflected in impact results Some is the that in reflected and QX will quarter the the impact

Like flow. more this from second per the to profitability, company action help our for returning benefit third will streamline target long these our fourth quarter, cost short-term, and position additional further resources both will and some rationalizations. $X to There which previous to This be on be these us our with enabling benefit remain faster the free believe the additional million reductions we being we and in align agile company will in the an better profitable recognized the cost of will cost have full We very the to company cash will quarter. near-term in million and strengthen to return adjustments focused the we resources. growth a for to generation quarter and of the market. As reduction changes determined implement in $X.X to

also are planned our to let's But to working AI us safety detail. we close review will a get new and enhanced which hard media, very include use to machine for will family's to learning our we I wave and more our public discussed and notifications. last case optimize there. And call, cyberbullying premium, Overall, the financial call turn over we Jim, seeing SafePath platform. to the This better enhancements Jim. are add customize believe to the experience. to provide turn online teams social intelligence in business our protection, the As on of SafePath results in

James Kempton

XXXX. stock the Thanks, be my reverse comments share approved the by financial per was impact second that our regarding shareholders everyone. effectuated XXXX. good split reflect now of Please metrics, XXX the afternoon, note Bill, all in April details and of today and covering I'll quarter the of

decreased XX%. $X.X T-Mobile's to the decrease by Contract acquisition driven family $XXX,XXX XXXX June the a $XX.X with continued through compared versus attrition quarter legacy Sprint million same revenue related conclusion last second safe decline primarily approximately of XX, and When a the Family million the coupled year-to-date of in of fourth revenue quarter XX% year. found For The revenues or is the due quarter, legacy decline million quarter the by revenue Safety to of $XX.X we compared XXXX, XXXX, were safety to of $XX.X quarter Sprint. to first Year-to-date Verizon of the through approximately in subscribers second XX%. XXXX, in of million posted of the

$X.X decreased contract in quarter by to or by the Family Found Verizon concluded to in quarter fourth During no primarily the coupled having first continued X% quarter XX% of revenue. legacy million during XXXX, safety compared compared Sprint the quarter $XXX,XXX with legacy our of Sprint continued Safety recognized due approximately Safety of million, Found revenue quarter prior as a decreased Safe & or XXXX, XXXX, was the second revenue. decline XXXX, the Safety of driven the that in revenues & primarily to the revenues $X.X family year, by second second which decline Family approximately

to quarter was of the $XXX,XXX, the quarter approximately approximately by XXXX. XXXX. decreased revenue approximately XXXX, CommSuite $XXX,XXX compared first During of from which CommSuite $XXX,XXX by to Revenue the decreased second second of quarter compared

quarter been quarter defined previously quarter XXXX modestly revenue compared we expect prior third However, the the the the of in ViewSpot subscriber the ViewSpot of growth decline would approximately to have a in Visual The primarily second quarter by platform second approximately revenue $XXX,XXX on XXXX, Boost second of the CommSuite CommSuite experiencing year. $XXX,XXX quarter was due is increase revenues Premium result. was to which recently. our And revenues more as expecting the Voicemail anticipated by in for of of of compared to one XXXX, XXXX. contracts compared quarter approximately $X.X as consolidated the to to decrease $XXX,XXX decreased driven of range million second is approximately decline to in of the the million. ViewSpot by ViewSpot quarter in we $X be revenue to in a compared of ViewSpot revenues. revenues part This projected second XXXX. termination in are first third announced the half In

XXXX. expect to second profit primarily sequentially margins revenues to quarter the of million in the compared for XX% the period-over-period the For we margin in XXXX, the second second $X.X to revenues. to due quarter a gross the at in prior decline in The by third sequential to approximately quarter quarter, XXXX period was million, quarter the profit produced $X.X decreased decline Gross the $X.X XXXX, was $X.X the gross of same decrease primarily of quarter during $XXX,XXX the in million compared of of driven be quarter-over-quarter. XX% XXXX, compared of gross approximately realized first gross of to XX% the profit year, in by the XX%. of of range In million

XXXX, to non-GAAP compared approximately the compared costs. the activities XXXX, for quarter to of million period $X.X quarter to were approximately approximately a of prior this operating the by expenses quarter of GAAP was as the $XX.X period second operating cost period, million compared Sequentially, in of impairment of decreased $XXX,XXX XXXX, the decrease million Non-GAAP the last margin million second XXXX This severance incurred was $XXX,XXX partially Gross expenses XXXX, to XXXX gross goodwill reduction compared of million effect period-over-period million, non-cash first an offset a X%. XX, $XX.X expenses year-to-date expenses of primarily million for second was XXXX by XX, quarter quarter last XXXX increase by June of June June in quarter year. quarter the for period X% the the the year. of $X.X to were from the the or ended or $X.X the compared charge in ended year. $XX.X the profit corresponding XX% XX, for For of $XX $XX.X first million were increase $XX.X driven GAAP year-to-date million undertaken result of year-to-date second of a second or during XXXX. during operating period. $XXX,XXX related the year-to-date operating X% of decrease

did As call, the quarter we we work the noted earnings we company last second cost actions on our reduction profitability. to undertake to as in return

last quarter $X we achieve expenses to to non-GAAP established the continue that our on cost we call. actions our of and for million that compared savings $X.X sales the In million the targeted taken of based to to operating other XXXX. earnings total third to-date, will by decrease We first words, quarter the expect anticipate on

as structure. we further addition, discussed opening his remarks, plan Bill to realign had cost term our reductions near undertake in In expense to very additional the in

these reduction expenses to to third XX% decrease non-GAAP result to compared both by of a of XXXX XXXX. As second we expect cost quarter the initiatives, operating X% of quarter

be of Given realized will the reductions of fourth realized of partial quarter in XXXX. will the that the plan effect actions full in we the quarter be additional and timing these the XXXX. to the quarter, in third effect reductions take In quarterly QX a

compared compared quarter second of to the $XX.X $X.XX XXXX, second loss year. or XXXX compared year-to-date a XX% approximately XXXX $X.X of to period press $X.XX for in The second the million $X.X release, or was further we loss share of decrease loss for million $X.XX of the As for to $X quarter the share in quarter million June compared in $X.X of to GAAP XXXX. of non-GAAP third $X.XX such, or of second non-GAAP or we loss loss anticipate a year-to-date to non-GAAP million The non-GAAP the a XXXX share for of $XXX,XXX expenses net or XXXX. period the operating Within most our have metrics of June $XX.X XXXX XXXX. quarter XX, metric. a per today's of Non-GAAP the provided as the million expenses net were in the operating GAAP net last decline an the was compared quarter reconciliation share loss per loss to loss per quarter million comparable would fourth net ended through per XX, GAAP

compensation amortization value charges, of nominal to of related $XXX,XXX, partially the adjustments intangible expense including asset of warrants. of the $X.X and severance expense second quarter fair million, other changes the $XXX,XXX For stock non-recurring reconciliation XXXX, $X.X depreciation cost by million, includes of offset for

in changes and Due GAAP value $XXX,XXX, state past for accumulated depreciation taxes. compensation to impairment few approximately For the including severance the goodwill intangible adjustments $X.X million, $X.X tax stock warrants. of foreign the of expense costs our asset over years, approximately and $XX $XXX,XXX million, fair of primarily non-recurring of due partially to PAT amortization year-to-date related offset period, certain the million, by reconciliation income $XXX,XXX, of to of includes our approximately losses non-GAAP expenses, is expense

utilize and in The non-GAAP fees. a quarter, XXXX. before X% taxes income quarter for expense For the expense million did XXXX during each related tax conduct transaction the second actual raise during approximately of capital non-GAAP $X.X second tax period. purposes, grossing cash we the rate reflects resulting We the

financial review. million As cash a XX, This as $X.X equivalents of we of reported of offering, XXXX. cash my result equity June and concludes this

Now back to Bill.

William Smith

Thanks, Jim.

the this for different Let Boost DISH has further in launch driving the me fronts. begin and begun very several receptive to that on Services had has Mobile timing market for touched is Guard This campaign activities plans on launched product. collaborative Boost to exploring Boost provide DISH on And believe the offering business. brand. the this new and and are activities with this I new to for to recently good with Services We is and greeting the Family awareness branding been today's in Family marketing new capitalize with very branding begin May, we on on color DISH Mobile been fresh, now the for feel a under Guard a has campaigns with call. creating ways new successful DISH marketing Family Guard. right Boost for working new awareness DISH look several

only plan help different is directly and also which on recently programs incentivize the not of properties. email the ad drives promotions, DISH but Ambassador to such Mobile also Some inventory Boost the This consumers enables examples promotion channels include promote in-store bring in-house product. distributed well Guard, the to could and launched DISH more program, Network. and and be to several bonus internal product of subscribers Family as different SMS, promote of our their campaigns the types can brand, the These as stiff stores use that which family promotion will website capitalizing new as among

representatives also this of Boost modules the opportunities part this informing well with retail as as different authorized are for As them to employees Family program, store bonus also there while for Guard, about associated selling them teach training of product. boost

mailed adding different the materials sales compared managers of as of X,XXX This large approximately has Boost which for the store, directly signage is States. the store Family replacement United ambassador the out promotional store as and download from growth enhanced collateral have accelerates throughout traditional with to regularly the the opportunity with to pack such base exciting We stores. for representatives of throughout Mobile process an is the marketing platform, the out Garden, that stores by program Boost rollout the ability a latest as

in are short a efforts, such early getting just progress still we in amount time Although, these of Family marketing and are of excited the are about days started. Boost Garden the we for we made

made has on deployed value our the CommSuite is which devices. the visual network platform. fully Garden, powered Boost the addition with In to voicemail, also process among Android its added Family now across by CommSuite This all DISH Premium include we will Boost services.

recently. subscribers seen which quarter on on have the As product, both visual voicemail in of into to Jim and translate this believe with our is relationship we touched his on constantly. Push remarks, for with growth them recently to products. to are Overall, the premium an aligned some the uptick revenue more activities goals platform helping maintain new DISH in in a third to collaborative for strong and promotional growth. we subscriber drive continue DISH success for we conducted

at remain subscriber Let's AT&T talk growth very both for the about cricket. We AT&T. opportunity and about optimistic

example that new the now promotion of Secure AT&T demographic website, raise the to channels, Teacher Parent through recent Association digital safety. a National We just AT&T Family within is is Family marketing launched. our which on with continue Secure for being PTA's to promoted family awareness of drive helping different National targeted awareness a

we could in family. coming nicely our the Secure the this to Additionally, drive we enhancements the we encouraged to Family, our secure for AT&T anticipate with quarter. these during am about, school, affiliate new activities influencer also months will continue to to of see was to which that progress map to very looking expect been more have T-Mobile, activities influencer some utility broaden interest I and At efforts. drive growth subscriber third excited are that we we the expansion forward of believe the reach. in making historically program campaign great significantly of quarter strong campaigns are back further visibility as include seeing second road I'm will because with the very the aligns timing expanding help launched We springboard new which expanded AT&T in growth. we The

to supporting of we the continuing at are are products work T-Mobile. We on portfolio expanding that

further working In meantime, a progress customer with to this much to drive for are the Europe, insight to additional In continues carrier the for and new our widening reach key Europe. new our be together throughout opportunities us. the I sales marketing to T-Mobile organization. this throughout door Our product teams for the launch market to our create There's you family this of months. us by providing and safety go for digital contract solution This enabled in SafePath, and to look believe the demand, will and unique regarding next Tier carrier contracts expect family few soon. carriers they're will approach be a we X partner forward it with approach opening with believe will the to safety come we the world. SafePath the more launch that in taking on we

Our sales pipeline is also quite strong.

the model, valuable any collectively size this to task. large agreement supports. stages the provide agreement, Global States. agreement many in final partner under also a CCA's be CCA SafePath Without concluding will rapid members are of branded Upon this to will under the CCA a Smith would this global of and Family single agreement, marketing subscribers application. number these carriers to the We access We offer market a with members to this operating Micro to Competitive in go-to-market Carriers difficult CCA. of partnership this completion believe of carrier Association, This Solution the SafePath their engagement carrier smaller enable United subscribers reaching solution will a Safety our carriers from

discussions pipeline. sales launching In SafePath carrier accelerated In exciting expected another agreement, Europe, in are an CCA we there of completion on to the X in the opened schedule. have Tier the opportunities with addition interested other several

to a new at Tier two our as major US SafePath with with here give discussions are DISH recent X to in our will carriers successes upcoming We advanced Overall, these effective. us strategy strong with be the opportunities, strategy carrier, that combined launch family our subscribers. in confidence also our attract launch and European

that a plans that I don't about SafePath will Well, premium competitive into model partners briefly do a like offering our addition and close, our utilize portfolio calling you and we product will reach provide family our opportunities location mention I want while enhance would detail this The the existing partners. for platform, for The expand new to market to carrier of to focus position. on product. go greatly want reach key SafePath Live. their for our further their to I our product a to I builds carrier are Before will relationships expand we strength our with believe this of leveraging strong controls. the introduce that to technological expansion

see marketing opportunity Live also offerings. drive to users featured a full as safety Safe strong We to SafePath Family our

innovation. of We excited this wave are about truly next

capitalize and the the world environment, we with as to and the on the We that safety. is focus expand clear market in current like particularly with the they across carrier in is are our We safety We is new remain to and of plan and it discussing expanding, market continue overall already our the that Live solutions. strong. It legislation on core customers case reach around growing this business the to for online family SafePath it. our of momentum belief SafePath see leverage States United list a confident initiatives

driving meaningful let's solid across said. carrier to call growth, toward Operator. base us and to questions. customers, a Operator, have is we on profitability. that for open subscriber key path growth build from multiple the which believe to are that putting With We a and

Operator

the question Capital. [Operator begin first Ross Searle our Please ahead. Scott session. And comes now from go will We question-and-answer Instructions] with

Scott Searle

wondering potential in. to we're Hey, has for questions. the the expecting SafePath into aggressive. carriers headwind starting jump bottom fourth other then launches, at about and Bill, terms you're given to getting SafePath Thanks little right afternoon. could ramping the maybe schedules we in then Should we're looking Good taking some as the really quarter launch the third if the been you be what into seems anticipated of third European in here DISH carrier it carrier but for the Hey. Timing expect into more directionally a talk SafePath. quarter? bit the of and to like rebounding I'm quarter, see up

William Smith

would some I strong behind the meaningful direction for been that that And third fourth launch I happen SafePath Yes. that would waiting this. the will will quarter. everybody's will on for. sign leverage of say be Look, I expect will us I Europe. And -- the us before we fourth growth quarter. the of hopefully put get end say that a in fourth show for that think quarter revenues. the to It

Scott Searle

if sounds a Global. going wasn't launch of bit like base. how penetration a just SafePath follow more if It's that it in you the in little deployment. are rapid that or I'm pipeline see there continues traditional on to up the maybe in nice opportunity And think frame you SafePath wondering Europe, terms global you And success it characterize DISH. but to then Great. type if I to of on And a another could clear terms of referenced to grow there. that's was me, that

front, can that close terms and So of carriers you in what I'm this Global on the specifically terms wondering year. your pipeline in how expectations big SafePath is of

William Smith

of X in to being Europe as process North in that all well others opportunities Tier around be the say SafePath would Global. about here I Yes. the I as will America as talked in based carrier added

very be So rapid. should the to time market

revenues. purpose we into to that of positive launch quarter what exciting that's the and is is of only looking for be is and repeatable. an market using soon really the opportunity to fourth it another can't turn to Europe in the should is it The in talk as start first into the itself carrier so yet And and to in provide us that X a product going first It will Tier then product different XXXX, and announce grow slightly that we a company that its it that quarter leverage sign, our exception the alluding and as about what profitable as move start is. and we to of I'm is to we're launches,

the message I really have that strong think that's we here. So

think meaningful I on everything. and growth. we're operations course the now have streamlined we've we We've a point where that reached consolidated our for

Scott Searle

little great. of there. growth many Okay, in are wondering interesting could frame stealth key carriers. If this very contained up a last agreement I'm you you terms bit And quickly. like I it with could how if CCA pretty subscribers size a could CCA wrap that And sounds of

So I'm wondering when you would expect to see Thanks. some CCA. of the results we're SafePath Global and

William Smith

excited Yeah, about a carriers an we're XX us of Okay. CCA And is opportunity. including CCA. number, pretty also access about provides a who this to around It T-Mobile, large I'm different US. member XX, CCA, the not

this from excluded they're business with we because that already them. do So opportunity,

collectively, a individually And that number to talking market tens are smaller millions that to subs. there would carriers be we're about of very this of difficult marketing of with to are we're Again, So arrangement. more these growth. will of focus able their accounts. find leverage some meaningful SafePath footprint excited, Global very be as is And to to we CCA, all on without very,

are for rapid that deployment back be to we'll in come. about weeks talking very the and We looking

Scott Searle

in Great. Thanks so the much. I'll queue. get back

Operator

question next of Please The Benchmark. Matthew from comes ahead. go Harrigan

Matthew Harrigan

narrow One question, you. one one. broad really fairly Thank

William Smith

Matt, hear louder? you get Can can't we you.

Matthew Harrigan

phone Sure. And really did in just SafePath now and inflection both COGS you certainly repeatedly you you now. Hopefully, point you're quarter. And your Europe. an an here raise equity down last know,

hopefully really answers. And next to cost on hitting raise question say the you're seem just be the some to your embarking I'll then an that equity did operational reductions, you more and So aggressive, inflection as have how point? fairly it is

William Smith

lot the of Global First, to does customization require reach it SafePath deployment. that power is of a the not

in We done less believe deployment The we actually was that. six-weeks. could first than deploy in

our this part heavy other do looked strategy at carrier because to and less with and we that's our we determined customers, resources deploy of have customizing a we're, doing so that headcount. overall of not of number lot we're a And looking can

were ring also can the able of now for of cost We ended streamline which the and process costs platform, that in the that substantial the been having be have structure are ring to happen. all in

run model thousands about that the dollars, over business the been that being involved has course the of was is out our in this running ring talking So we're multiple of hundreds of platform, of and that over year. out run

talking done to a to to lot of go the about market a showing growth. takes fold. we stream what customers or look So some the new new bring streamline and And names it we've to you number carrier meaningful into and forward

Matthew Harrigan

this much from I faster to know that you in ] Chechnya relevant to at the as -- hit map really a I go more, know it's might market, to world, European when the old maybe or country process there wherever. to to Greece the have national look Tier operating tend XX if in on have so a and basis. and Spain And X trial But just I adoption. for Global. lot [ Vodafone product carriers, a much other guess And countries XX one something you autonomy how that's value extent to or for of is also don't you customization of really SafePath in it have is have three-year the to But a when they introduction some your you in live much

William Smith

about launched What say be. can meaningful Yes. countries Look, have I will first country conversations where is I This who this. already in we in It is size. next know. And launch they the be are country. a a will

beginning. So just this the is

be. that follow we difference can, first that users to can rapid be So and more in can in fashion. of and the is that's Really, so if they the read when and And only just the country the prompts. language can done there's months, a the launch changing couple just

Matthew Harrigan

Thank you. That's great.

Operator

comes question our Please Gunnar. from And go Instructions] Joseph next ahead. Carpio [Operator Leo of

Leo Carpio

I quick two gentlemen. have afternoon, actually questions. Good

in. it other the available there in you doing CCA The to in in or associations fourth pipelines more in reached out then a in regarding reducing like secondly, out terms market of sounds could expenses. forward like there first second of third similar going How the operating an possibility? reducing much coming the to cost, is be of It like seems US or and one a round round the terms of be opportunity, great And Europe the opportunity you're job in Are haven't terms opportunity. the sounds that Thanks. either invasion? that are exciting and costs

William Smith

know, done well, the I with pretty first one excited we're you Leo, getting about Yes. CCA. mean,

do are other industry in We our and a to broaden organizations with more effective in to looking always work manner. much reach it

have that, And I But very focus been the for haven't us. very, And stay really on. able opportunity, we it's CCA bode to will pretty you'll for So, pretty, tuned it's a the well exciting. market of that. think, to section

So wait, see. and let's wait just

get new them Let's and how some names get â€“ see launched grows. with it them

Charles Messman

William hear can't Smith we you.

Leo Carpio

then just follow quickly to up And question. on cost Oh. the the

You've had savings. at cost more plus this point? there Is savings even ops it's cost or of rounds can as a of going possibly forward $X extract already million as vision much you one from two

William Smith

Well. million at always $X between look reduction to in we're But Well, this structure million point, about the our total. talking $X.X at it. we look initiatives, optimize and to cost about two

targeting we're that's So currently. what

Leo Carpio

Great. Thank you.

William Smith

Thank you.

Operator

Please question comes Brian go ahead. of Research. next from Swift The Security

Brian Swift

a I have couple Yeah. questions.

First, just to clarify.

$XXX,XXX little anticipated to much And million. that. that you to spot of you your $X on I Maybe $XXX,XXX. can what? a think sensitive from I that comments, $X.X me was think, results down -- ViewSpot million Is going QX Jim, color guided give and decline went to also that or said in it zero to

James Kempton

a where but at decline all will go there. zero, to it's we that now. decline expect expecting it I it we expect to We from the way certainly say further don't to are

William Smith

Yeah.

there add we with that for me new ViewSpot Let opportunities we are names. also have exploring that meaningful

a think so. just, market safely a every It's I last report nice the in the sort that let's product. but we'll year So we the doesn't mean turn manage had quarter, process, in we role will that around. of checkered it it's yeah, it But or can't

we'll So see.

Brian Swift

really give is T-Mobile. Okay. at And to quarter, revenues more more way had the in be in each a any bit doing continual when with AT&T can started it that Do little where had kind and getting well where see. secondly, in-store we you any training in of as color could offsetting like like whatever were and a lot Sprint at doing the than we've you're What you accelerating what people, when on of Sprint see T-Mobile gains remember optimistic I doing offset, at such. you're and slide such. about you with you consistently a T-Mobile seems promotions program us promotions of that seems really terms as activity they a was

William Smith

pointingâ€¦ glad I'm you're

Brian Swift

like seeing the here, be thoughts some, are already should haven't Anyway, to here. means to get it I'd this the X.X, yet. to right X you least. than It's you discouraging, how your on moving in get we say what talked other see plan to the hit we thing direction little like But a what about. you've It when trough some uptick seems

James Kempton

I at always we up Well, the up think the commentary success thought had Sprint. you I've brought would brought very and And based made. you be very, we've Sprint already it repeatable on

I see that plus can more. Sprint think you doing is that did, DISH everything

the much. the say much decline fairly watch to Booth users down about to said to really Guard. you a I want is Family event. overall. haven't to on rather And I So, exciting that's watch small DISH, call. this didn't in is number T-Mobile believe where The getting Sprint and growth be going I of I for think

excited. right work that bill at being about kinds mean, yes, only and but I is be safety full then talked laws They're are They for I looking that's want passed. today think look but for. to that also you're the its we'll at going think so are And energy. happens But being Scott, exciting They I we're DISH. our I of meaningful to And launch the U.S. This in carriers These a the there. going European believe see your you market. just an Brian. of, time. passed very way to ought we'll watch all House, a for to not probably on, tested of Senate the issue through carrier. is some you're it. going to there's what the in all I know what course. Europe. one successful. sort things patient And patience, growth be family we've that's the mean, is take So, And guy, But, is look, waiting new

Brian Swift

Thank you.

Operator

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

Charles Messman

for you joining Thank everyone us today.

out We If feel call. to taking our talking you us. to earnings forward you you follow free we'll next time. questions, to on please appreciate have reach look the up And any everybody. to Thanks,

Operator

The disconnect. conference you Thank concluded. now And for is now may attending today's presentation. you

Smith Micro Software (SMSI) 1 Aug 242024 Q2 Earnings call transcript