Smith Micro Software (SMSI)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.51 mm	1.51 mm	1.51 mm	1.51 mm		1.51 mm
Cash burn (monthly)	1.55 mm	409.00 k	2.17 mm	4.14 mm		68.92 k
Cash used (since last report)	4.34 mm	1.15 mm	6.07 mm	11.59 mm		193.01 k
Cash remaining	-2.83 mm	363.53 k	-4.57 mm	-10.08 mm		1.32 mm
Runway (months of cash)	-1.8	0.9	-2.1	-2.4		19.1

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Financial data from company earnings reports.

Institutional ownership, Q2 2024

SMSI institutional ownership history Ownership history

2.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	29	28	+3.6%
Opened positions	9	24	-62.5%
Closed positions	8	5	+60.0%
Increased positions	1	1	–
Reduced positions	17	1	+1600.0%

13F shares	Current	Prev Q	Change
Total value	3.79 bn	1.94 bn	+95.5%
Total shares	1.82 mm	5.97 mm	-69.5%
Total puts	5.44 k	0.00	NEW
Total calls	69.60 k	29.70 k	+134.3%
Total put/call ratio	0.1	–	–

Largest owners	Shares	Value	Change
Anson Funds Management	866.40 k	$1.91 bn	NEW
Vanguard	342.04 k	$755.91 mm	-87.6%
Pacific Ridge Capital Partners	251.72 k	$556.29 mm	NEW
Iroquois Capital Management	102.38 k	$128.00 k	0.0%
Geode Capital Management	84.60 k	$187.00 mm	-88.8%
BLK BlackRock	49.11 k	$108.53 mm	-90.5%
Raymond James Financial Services Advisors	28.36 k	$62.67 mm	-87.6%
STT State Street	25.42 k	$56.18 mm	-87.5%
Renaissance Technologies	14.94 k	$33.02 mm	-91.2%
Group One Trading	14.46 k	$31.95 mm	-90.0%

Largest transactions	Shares	Bought/sold	Change
Vanguard	342.04 k	-2.42 mm	-87.6%
Anson Funds Management	866.40 k	+866.40 k	NEW
Geode Capital Management	84.60 k	-671.95 k	-88.8%
CM Management	0.00	-600.00 k	EXIT
BLK BlackRock	49.11 k	-470.20 k	-90.5%
Pacific Ridge Capital Partners	251.72 k	+251.72 k	NEW
Raymond James Financial Services Advisors	28.36 k	-200.26 k	-87.6%
STT State Street	25.42 k	-177.97 k	-87.5%
Renaissance Technologies	14.94 k	-155.80 k	-91.2%
Group One Trading	14.46 k	-130.48 k	-90.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SMSI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
17 Dec 24	James M Kempton	Common Stock	Payment of exercise	Dispose F	No	No	0.76	183	139.08	70,146
17 Dec 24	William W Smith JR	Common Stock	Payment of exercise	Dispose F	No	No	0.774	553	428.02	120,070
16 Dec 24	James M Kempton	Common Stock	Sell	Dispose S	No	No	0.7886	437	344.62	70,329
3 Dec 24	William W Smith JR	Common Stock	Sell	Dispose S	Yes	No	0.7801	7,066	5.51 k	3,194,533
19 Nov 24	William W Smith JR	Common Stock	Payment of exercise	Dispose F	No	No	0.7924	81	64.18	120,623
13 Nov 24	William W Smith JR	Common Stock	Payment of exercise	Dispose F	No	No	0.9	7,770	6.99 k	120,704
13 Nov 24	James M Kempton	Common Stock	Payment of exercise	Dispose F	No	No	0.9	3,097	2.79 k	70,767
12 Nov 24	William W Smith JR	Common Stock	Sale back to company	Dispose D	No	No	0	645	0.00	128,474
12 Nov 24	James M Kempton	Common Stock	Sale back to company	Dispose D	No	No	0	322	0.00	73,864