Smith Micro Software, Inc. (NASDAQ:SMSI)

Smith Micro Software (NASDAQ:SMSI) ($2.10; $59.3M market cap) develops software to simplify and enhance the mobile experience, providing solutions to some of the leading wireless service providers, device manufacturers, and enterprise businesses around the world.  SMSI announced it has repaid $3.2 million of short and long term debt obligations, significantly strengthens its balance sheet as the company enters 2019.

“The recent financing was a significant final step in the turnaround of our business, allowing us the flexibility to pay down our debt obligations, strengthen our overall balance sheet, and accelerate strategic initiatives,” said William W. Smith, Jr., President and CEO of Smith Micro Software. “We will enter 2019 extremely well positioned to maximize our business case, delivering powerful solutions that will benefit both wireless carriers and consumers worldwide."