- Following years of improving its product and strategically positioning itself, SMSI landed its long-anticipated contract with T-Mobile just this month.
- Verizon is now offering a more robust SMSI product and is set to transition to SafePath 7 in 2022, which will significantly improve already stellar gross margins.
- AT&T appears ready to engage with SMSI to offer a family safety product, meaning SMSI expects to have all three major US carriers on their SafePath 7 platform by EOY22.
- With expenses set to level off and gross margins expanding, and with significant net operating loss carryforwards, a huge chunk of the increased revenue expected in’22 will drop straight to the bottom line.
- Having projected a relatively weak 4Q21 and a decrease in CommSuite revenues going forward, the “bad news” is all out of the way and SMSI has clear skies ahead.
For further details see:
Smith Micro: 2022 Should Be Huge