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Latch Inc - LTCH STOCK NEWS

Welcome to our dedicated news page for Latch (Ticker: LTCH), a resource for investors and traders seeking the latest updates and insights on Latch.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Latch's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Latch's position in the market.

News
Latch Unveils New Campaign, ‘Don’t Die, Get NOI,’ Amid Renewed Focus to Generate More Net Operating Income (NOI) for Multi-Family Buildings
Rhea-AI Summary
Latch, Inc., now Door.com, introduced a new suite of smart sensors and IoT products to help monitor buildings and boost NOI. The affordable sensors aim to prevent damage and enhance the resident experience at a reasonable cost.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.39%
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none
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News
Latch Receives Expected Nasdaq Delisting Determination
Rhea-AI Summary
Latch, Inc. (NASDAQ: LTCH) received a notice from Nasdaq to suspend trading and commence delisting procedures due to failure to meet the deadline for periodic filing obligations. The company's securities are expected to be traded on the OTC Expert Market. Latch's total cash and cash equivalents and available-for-sale securities were approximately $192 million as of July 31, 2023. The company has also initiated a significant reduction in force and plans to appoint a new CEO and CFO later this year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.15%
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none
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News
Latch Notifies Nasdaq That It Does Not Anticipate Meeting Delinquent Filing Deadline
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-45.77%
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none
News
Latch Drives Additional Discipline and Efficiency, Setting the Stage For Accelerated Future Growth
Rhea-AI Summary
Latch, Inc. announces its commitment to enhancing operational discipline and efficiency following the completion of the Honest Day’s Work acquisition. The company plans to reduce its workforce by 59% by November 1, 2023, which is expected to result in cost savings. Latch also introduces a new leadership team to support its future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.09%
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none
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News
Latch Completes Acquisition of Honest Day’s Work
Rhea-AI Summary
Latch, Inc. has completed the acquisition of Honest Day’s Work (HDW), a company dedicated to enabling residential service providers. Latch acquired HDW in exchange for approximately 29.0 million shares of Latch’s common stock and $22.0 million in promissory notes. The acquisition includes HDW's assets, intellectual property, $8.0 million in cash, and the addition of approximately 30 HDW team members. Jamie Siminoff, the founder of Ring, is expected to become Latch's CEO later this year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
Tags
acquisition
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News
Latch regains compliance with Nasdaq minimum bid price requirement
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.7%
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none
News
Latch Announces New Head of Sales and Expands Integrations for Streamlined Property Management at NAA Apartmentalize 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.53%
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News
Latch Announces First Building-Wide Installation of ‘Works with Latch’ Marks USA Locks
Rhea-AI Summary
Latch, Inc. announces the completion of the first installation of Latch-powered Marks USA ArchiTech Series Networx Locks at Meridia Village Commons in South Orange, NJ. Residents will benefit from Latch's smart access and concierge capabilities, delivering a seamless experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.03%
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none
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News
Latch Announces New Simplified Subscription Bundles
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.6%
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none
News
Latch receives anticipated notice of additional Nasdaq non-compliance
Rhea-AI Summary
Latch, Inc. received a notice from Nasdaq regarding its failure to file its quarterly report on time. The company has been unable to file several reports due to ongoing efforts to restate its financial statements. Latch has presented a plan to regain compliance and avoid delisting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Latch Inc

Nasdaq:LTCH

LTCH Rankings

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LTCH Stock Data

123.79M
127.83M
11.24%
0.38%
1.48%
Software Publishers
Information
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United States
New York

About LTCH

latch makes access easier for everyone at a modern building. we’ve combined decades of experience building the world’s most trusted locks with decades of experience designing iconic technology products. the result is strong, simple, and stunning.