Slide 1: Investor Overview
Investor Overview October 2025
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation includes, and any related discussion may include, forward-looking statements regarding future events or results within the meaning of the Private Securities Litigation Reform Act. All statements other than statements of historical fact may be forward-look
Slide 3: Smith Micro: Decades of Software Expertise
SMITH MICRO (NASDAQ: SMSI) Decades of Software Expertise Innovating since 1982, building carrier grade software solutions that simplify the mobile experience for leading wireless service providers across the globe. CUSTOMERS SOLUTIONS TECHNICAL ADVANCEMENTS • Global service providers • Connected dig
Slide 4: Our Vision for a Connected Life
OUR VISION FOR A CONNECTED LIFE • Delivering the most comprehensive digital family safety ecosystem with SafePath® • Large & growing market opportunity with evolving dynamics • Families want safety, operators want to deliver it • Unique go-to-market strategy with mobile operators • Flexible deployme
Slide 5: Carrier Market Has Changed with Renewed Focus on Family Subscribers
CARRIER MARKET HAS CHANGED WITH A RENEWED FOCUS ON FAMILY SUBSCRIBERS • The growth of 5G has slowed causing carriers to look for new opportunities • Families are the highest quality subscriber with less churn and highest spend • Our SafePath platform provides access for the entire family ecosystem i
Slide 6: Focus on Carriers' Strategic Growth by Enhancing What They Do Best
FOCUS ON CARRIERS' STRATEGIC GROWTH BY ENHANCING WHAT THEY DO BEST • The renewed family focus is a core business opportunity for the carriers not just a value-added service • Our significant expansion of the SafePath platform aligns with this change increasing our market opportunity with new revenue
Slide 7: What Is SafePath?
WHAT IS SAFEPATH® ? SafePath Kids Plan The SafePath SafePath App Experience It’s our one-of-a-kind solution that empowers wireless providers to deliver SDK / API SafePath Home meaningful safety tools across the entire digital family lifecycle. SafePath OS for Senior SafePath OS for Kids Phone Phone
Slide 8: The SafePath Platform
SwirHMicro THE SAFEPATH PLATFORM SafePath he Connected Life Platform SDK/API Family App as Os Senior OS Kids Plan Home Al-Enhanced Premium Features Digital Dri rive Wellness Drive Safety Social Media Intelligence Crisis Alerts Al Assistant . *e . Location Features Digital Parenting Features Real Tim
Slide 9: The Market Opportunity Is There
THE MARKET OPPORTUNITY IS THERE Focus on Families are Carriers Achieve Families Stickier Customers Greater Value • Most profitable, long- • Family should be the • We believe that our term subscribers mechanism that moves total market carrier relationships opportunity can • Families trust and from tr
Slide 10: Unique Go-to-Market Strategy with MNO Partners
UNIQUE GO-TO-MARKET STRATEGY WITH MNO PARTNERS ✓ Master agreements with our customers that enable us to deliver and expand our service offerings ✓ Partnering with trusted, established providers of internet access and location services ✓ Broad reach to keep families connected ✓ Leveraging strong bran
Slide 11: Newest SafePath Features
NEWEST SAFEPATH FEATURES 11
Slide 12: Social Media Intelligence
SOCIAL MEDIA INTELLIGENCE Social Media Intelligence alerts parents to potentially harmful activity on their children’s social media accounts. Monitored categories that trigger an alert in SafePath include: • Drugs • Intolerance • Cyberbullying • Violence • Malware • Suspicious links • Hacked account
Slide 13: SafePath Drive
SAFEPATH DRIVE Deliver subscribers a comprehensive analysis of their family’s driving behaviors. Smartphone Ubiquity: MNO’s Advantage to use smartphone sensors. SafePath’s drive mode solution provides next-level protection on the road for drivers and passengers, in any vehicle for every trip. Encour
Slide 14: Crisis Intelligence
CRISIS INTELLIGENCE • Global threats data Collects real-world safety events from diverse sources, including social media platforms like Twitter and Telegram, as well as the surface, deep, and dark web • Threats verification Physical safety events are verified through analysts for accurate informatio
Slide 15: On Roadmap: AI Assistant
ON ROADMAP: AI ASSISTANT ✓Family context: Gives an overview of online activity and location history—curated AI Assistant for parents. ✓Digital parenting & wellness: Generates expert guidance and education on parenting in the digital age— a curated AI Assistant for all. ✓Help & support: Provide infor
Slide 16: SafePath OS Deployments
SAFEPATH OS DEPLOYMENTS 16
Slide 17: SafePath OS for Senior Phone
SAFEPATH OS FOR SENIOR PHONE What Control for Caregiver Full • A safer and smarter smartphone for seniors Control • A premium health & wellness device • More than a phone—peace of mind in your pocket Opportunity Raz Target Group Memory Cellphone Area • Active Aging segment • Highly comfortable with
Slide 18: SafePath OS for Kids Phone
SAFEPATH OS FOR KIDS PHONE What Control for Parents Full • A safer and smarter smartphone for kids Control • A premium safety and connectivity device for families • More than a phone—peace of mind for parents Opportunity Area Target Group Bark Gabb Pinwheel • Parents of children aged 8 -12 • Familie
Slide 19: New Deployment Options Bring Additional Value to Carriers
NEW DEPLOYMENT OPTIONS BRING ADDITIONAL VALUE TO CARRIERS Lower churn, higher retention Accelerate time to market No additional inventory management Strengthen your brand Increase APRU with loyal family subscribers
Slide 20: SafePath OS Features Dedicated to Specific Audience
SAFEPATH OS FEATURES DEDICATED TO SPECIFIC AUDIENCE Senior Phone Kids Phone • Tamper-proof controls • Easy-to-use interface • Screen time tools • Simple onboarding • Geofencing & alerts • Real-time location & geofences • App management • Check-in & family SOS • Social media intelligence • Drive & cr
Slide 21: The CommSuite Platform
THE COMMSUITE® PLATFORM 21
Slide 22: CommSuite – Next Generation Voicemail
COMMSUITE – NEXT GENERATION VOICEMAIL CommSuite® is a voice messaging platform that delivers for everyone. • Carrier/operator branded • Smart, proven enhanced and controlled VVM services for revenue experience generation • Visual method for retrieving • Scalable server voicemail on smartphones deplo
Slide 23: Investment Thesis
INVESTMENT THESIS 23
Slide 24: Reduced Cost Structure
REDUCED COST STRUCTURE • Product development complete •SafePath 8.0 with powerful AI features •SafePath OS for Senior Phone •SafePath OS for Kids Phone • Expect annualized cost savings of at least $ 7.2 million • Strategic realignment of resources throughout organization for a more agile and faster
Slide 25: Profitability and Growth on the Horizon
PROFITABILITY AND GROWTH ON THE HORIZON • New products and features will drive growth with current customers and attract new customers • Best-in-class software allows carriers to better compete with direct-to- consumer applications •Take back control of their subscriber base •Allows for strategic ex
Slide 26: Investment Thesis
INVESTMENT THESIS • Dominant player in white-label family safety mobile application space • Existing contracts with tier one wireless carriers in the United States & Europe • Significant untapped market will allow for significant growth potential • Recurring revenue stream with >70% gross margins •
Slide 27: Revenue Trends
REVENUE TRENDS REVENUE Family Safety $ 5,140 $ 4,970 $ 4,648 $ 4,621 $ 4,420 $388 $47 $531 $65 $99 $1,116 $17 $644 $734 $777 Commsuite $4,221 $3,939 $3,807 $3,788 $3,626 ViewSpot Q2 - 24 Q3 - 24 Q4 - 24 Q1 - 25 Q2 - 25
Slide 28: Operating Expense Trends
OPERATING EXPENSE TRENDS OPERATING EXPENSES – NON GAAP $7,534 $6,815 $5,817 $6,136 $5,914 Selling & Marketing $2,104 $2,004 Research & $1,875 $2,086 $1,964 Development $3,386 $3,086 $2,507 $2,642 $2,548 General & Administrative $2,044 $1,725 $1,436 $1,408 $1,402 Q2 - 24 Q3 - 24 Q4 - 24 Q1 - 25 Q2 -
Slide 29: Operating Expense Reconciliation
OPERATING EXPENSE RECONCILIATION Other Stock Depreciation (Impairment/ Non- GAAP Compensation Amortization Severance/etc.) GAAP Q2-25 Selling and marketing expenses $ 1,665 $ (263) $ - $ - $ 1,402 Research and development expenses 2,752 (204) - - 2,548 General and administrative expenses 2,671 (629)