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Latch, Inc. (LTCH), operating under the DOOR brand, reports on a building-intelligence business that combines hardware, software and automated services for residential portfolios and purpose-built communities. Company news centers on access control and smart-building solutions for property owners, operators and residents, along with financial updates that discuss software revenue, total revenue, net loss, adjusted EBITDA and liquid assets.
Recent corporate updates also cover the company’s return to current SEC reporting, its completed restatement of prior financial statements, OTC market status for LTCH shares, leadership changes and disclosure matters tied to revenue recognition, internal controls, stockholder litigation and an SEC investigation.
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DOOR (LTCH) launched Scout, a single in-unit device that adds remote control for supported offline smart locks and detects key building-health issues for multifamily and student housing operators.
Running on the DOOR platform with on-device edge AI, Scout provides life-safety and asset-protection alerts while keeping comfort data with residents.
Latch (OTC:LTCH), operating as DOOR, reported Q1 2026 software revenue up 19.1% to $6.1 million, while total revenue was $15.7 million, essentially flat year-over-year.
Net loss narrowed 47.2% to $5.9 million, gross margin rose to 52.3%, operating expenses fell 25.6%, and Adjusted EBITDA loss improved to $3.9 million. Cash and securities were $28.5 million, with cash usage $18.6 million lower year-over-year. DOOR also closed a new $5 million revolving credit facility expected to cut 2026 debt service by about $0.9 million.
DOOR (formerly Latch) (OTC: LTCH) filed its 2025 Annual Report and reported 2025 results. Total revenue was $70.1 million, up 24% year-over-year; software revenue was $22.1 million, up 9%.
Operating expenses declined to $79.6 million (a $4.8 million, 6% reduction) and net loss improved to $(53.7) million. Adjusted EBITDA improved to $(27.1) million. The year included $21.5 million of non-cash impairments (goodwill $16.6M; inventory $4.9M). The company continues to trade as LTCH while the DOOR corporate name/ticker update is pending.
DOOR (OTC: LTCH) announced that its common stock has moved from the Pink Limited Market to the OTCID Basic Market effective March 3, 2026.
The company said the move reflects its current SEC reporting status and is intended to improve visibility, accessibility, and liquidity while DOOR evaluates other listing options.
DOOR (OTC: LTCH) filed its Form 10-Q for the quarter ended September 30, 2025, bringing the company current with SEC reporting for the first time since mid‑2022. Key Q3 highlights: total revenue $17.4M (+17% YoY), software revenue $5.4M (+6% YoY), operating expenses down 40%.
DOOR reported a Q3 net loss of $6.6M (61% improvement) and adjusted EBITDA of $(4.6)M (62% improvement); the company plans to complete its 2025 Form 10‑K and evaluate future trading or listing options.
DOOR (ticker: LTCH) filed its Form 10-Q for the quarter ended June 30, 2025, under its legal name Latch, Inc., and said it expects to regain current SEC reporting status after filing its upcoming Q3 2025 report in early 2026. The company reported Q2 2025 software revenue of $5.2M and total revenue of $19.1M (up 47% YoY). DOOR reported a net loss of $7.8M in Q2 2025 (improved 54% YoY) and adjusted EBITDA of $(5.7)M (24% improvement YoY). Management highlighted reduced operating expenses and continued work to complete remaining 2025 SEC filings.
DOOR (OTC:LTCH) filed its Form 10-Q for the quarter ended March 31, 2025 and provided preliminary Q1 and year-end 2025 financial updates. Q1 2025 total revenue was $15.8 million (+31% YoY) and software revenue was $5.2 million (+2% YoY).
DOOR reported a net loss of $(11.3) million (improved 18% YoY), adjusted EBITDA of $(7.4) million, and estimated Liquid Assets of $34.7 million as of December 31, 2025, reflecting a $40.7 million decrease versus year-end 2024 largely due to litigation, audit, and restructuring outflows.
DOOR (OTC: LTCH) filed its 2024 Annual Report on Form 10-K and 2024 Form 10-Qs, marking a step toward regaining current SEC reporting status and continuing its rebrand from Latch to DOOR.
Key 2024 metrics: software revenue $20.3M (+14% YoY); total revenue $56.6M (+26% YoY); net loss $(57.6)M (46% improvement YoY); Adjusted EBITDA $(40.7)M (41% improvement YoY). For the nine months ended Sept 30, 2025, preliminary unaudited revenue is estimated to be at least +20% vs. 2024.
Liquidity: preliminary liquid assets of ~$44.1M as of Sept 30, 2025, and net inventory of ~$29.2M (including ~$11.6M reserves); liquid assets declined ~$31.3M since Dec 31, 2024, partly due to ~ $15.6M of legal, audit, and restructuring outflows.
Latch Inc. (LTCH), soon to be DOOR, announced a new leadership team to drive its next growth phase. Dave Lillis has been appointed CEO, succeeding interim CEO Jason Keyes following the completion of financial restatement in December 2024. Jeff Mayfield becomes CFO, replacing interim CFO Marc Landy.
The new leadership team includes Priyen Patel as Chief Strategy and Legal Officer, James Malone as Head of Revenue, Chris Peckham as Head of Operations, and Ryan Salmons as VP of Engineering. The company focuses on its core multifamily access control and smart building solutions business.
Latch is working to complete its outstanding SEC filings for the year ended December 31, 2023, targeting completion in Q1 2025.