ALISO VIEJO, CA - Smith Micro Software, Inc. (NASDAQ: SMSI), a leading developer and marketer of mobility solutions and services for the wireless market, today provided its financial revenue guidance for the fiscal year 2010. Based on the current financial data and management's current plans and assumptions, the Company expects fiscal 2010 full-year revenue to be in the range of $125 million to $135 million. In 2009, Smith Micro's unaudited revenue performance was in-line with financial guidance expectation at approximately $107 million.
Smith Micro will offer a live audio webcast of its presentation at 10:40 am ET on January 14, 2010 at http://www.wsw.com/webcast/needham35/smsi/, as well as an archived replay and PowerPoint presentation, which may be accessed in the investor relations section of Smith Micro's website at www.smithmicro.com.
About Smith Micro Software, Inc.:
Smith Micro Software, Inc., headquartered in Aliso Viejo, California, with offices in Europe and Asia, develops mobility solutions that enable seamless broadband connectivity and next generation media and mobile convergence products over wireless networks. Smith Micro's complete lines of products are available through its sales groups, direct from its websites, retail distributors, and value-added resellers. Smith Micro's common stock trades on the NASDAQ Global Market under the symbol SMSI. For more information, please visit: http://www.smithmicro.com.
Safe Harbor Statement:
This release may contain forward-looking statements that involve risks and uncertainties, including without limitation forward-looking statements relating to Smith Micro's (the Company's) net revenues guidance for fiscal 2010, its financial prospects and other projections of its performance, the Company's ability to increase its business and the anticipated timing and financial performance of its new products and potential acquisitions. Among the important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements are changes in demand for the Company's products from its customers and their end-users, new and changing technologies, customer acceptance of those technologies, new and continuing adverse economic conditions, and the Company's ability to compete effectively with other software Companies. These and other factors discussed in the company's filings with the Securities and Exchange Commission, including its filings on Forms 10-K and 10-Q, could cause actual results to differ materially from those expressed or implied in any forward-looking statements. The forward-looking statements contained in this release are made on the basis of the views and assumptions of management regarding future events and business performance as of the date of this release, and the Company does not undertake any obligation to update these statements to reflect events or circumstances occurring after the date of this release.
Smith Micro and the Smith Micro logo are registered trademarks or trademarks of Smith Micro Software, Inc. All other trademarks and product names are the property of their respective companies.