This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.
8/13/2026
Good day and welcome to the Smith Micro second quarter of 2026 earnings conference call. All participants will be in a listen only mode for the duration of the call. And should you need any assistance today, please signal a conference specialist for pressing the star key followed by zero. After the presentation today, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your telephone keypad. And to withdraw a question, please press star, then two. Also, please be aware that today's call is being recorded. I would now like to turn the call over to Charles Messman, Vice President. Please go ahead.
Thank you, Operator. We appreciate you joining us today to discuss Smith Micro Software financial results for the second quarter of 2026. By now, you should have received a copy of the press release with the financial results. If you do not have a copy and would like one, please visit the investor relations section of our website at www.smithmicro.com. On today's call, we have Bill Smith, Executive Chairman of the Board, Tim Huffmyer, our President and CEO, and Bethany Braund, our Chief Financial Officer. Please note that some of the information you will hear during today's discussion consists of forward-looking statements, including without limitation, those regarding the company's future revenue and profitability, our plans and expectation, new product development and availability, new and expanded market opportunities, Future product deployments, growth by new and existing customers, operating expenses, and the company's cash reserve. Forward-looking statements involve risk and uncertainty, which could cause actual results or trends to differ materially from those expressed or implied by our forward-looking statements. For more information, please refer to the risk factors included in our most recently filed Form 10-K. Smith Micro seems no obligation to update any forward-looking statements which speak to the management's beliefs and assumptions only as of the date they are made. I want to point out that in our forthcoming prepared remarks, we will refer to specific non-GAAP financial measures. Please refer to our press release disseminated earlier today for reconciliation of these non-GAAP financial measures. With that said, I'll turn the call over to Tim. Tim?
Thanks, Charlie, and thank you for joining us today for our second quarter 2026 conference call. I see our second quarter performance as a significant step forward on our journey of returning Smith Micro to growth and future profitability. We delivered sequential revenue growth in the second quarter consistent with the guidance provided on our last call. In fact, we have now delivered sequential revenue growth over two consecutive quarters for the first time in approximately five years. We expect to announce the launch of two new customers by the end of this month. Contracts with both customers are fully executed and launch plans and products are ready to go. Additionally, we are within days of signing a significant multi-year contract extension with an existing Tier 1 customer. We believe this contract extension will generate significant revenue growth beginning in the third quarter. Both the new customer launches and the contract extension were planned to happen in the second quarter, and their delay has resulted in some of our forecasted second quarter revenue being pushed to the third quarter. We continue to execute on our strategic priorities, and we are encouraged with all of the positive pipeline activity of the last few quarters, which is the strongest we've seen in years. This robust pipeline, along with the new revenue opportunities, is driven by expanded interest from current and prospective new customers and aligns with our strategy to expand our SafePath platform. We are offering more flexibility to the market with our new deployment options, including our new SafePath SDKs and APIs, which are opening new channels, aligning Smith Micro with current market trends, and increasing the overall addressable market We believe this activity will drive new revenue streams in the coming quarters as we are in meaningful deployment discussions with multiple parties, both current and new customers, and prospects. As we look to the second half of the year, we do so with a high level of confidence. We believe we are building on significant upside potential for a new and exciting phase of financial growth. We will discuss more later in the call, But for now, let's hear from Bethany to review our second quarter financial performance. Bethany?
You're reading a preview of the SMSI Q2 2026 earnings call.
Free account.
