Welcome to our dedicated page for Latch news (Ticker: LTCH), a resource for investors and traders seeking the latest updates and insights on Latch stock.
News about Latch, Inc. (LTCH), operating under the DOOR brand, centers on its evolution as a Building Intelligence and residential technology company. Press releases highlight the company’s efforts to combine software, devices, and services into a unified platform that supports owners, operators, and residents across residential portfolios and purpose-built communities.
Investors and observers following LTCH news will find updates on DOOR’s progress toward becoming current with its SEC reporting obligations, including the filing of restated and subsequent Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. The company frequently provides financial and business highlights, preliminary unaudited revenue and liquidity estimates, and discussions of Adjusted EBITDA and other key business metrics in these announcements.
Company news also covers product and platform developments. Latch and DOOR have announced smart sensors and IoT products such as the Latch Leak Detector, Latch Lasso, Latch Field Station, Latch Temperature and Humidity Sensor, Latch Connected Thermostat, and the AI-powered DOOR Bug leak and event detector. Additional coverage includes access control and retrofit offerings like the M3 Retrofit Lock, the Latch R2 reader and R2 Retrofit Kit, as well as DOOR Link and DOOR Solar Sign for entry and branding.
Other recurring themes in LTCH news include leadership changes, the establishment of a St. Louis headquarters, marketing campaigns focused on Net Operating Income for multifamily buildings, and the expansion of services such as DOOR Property Management and the integration of HelloTech. For readers tracking LTCH, this news feed provides a view into the company’s financial reporting milestones, product roadmap, and strategic direction in the building technology and residential living space.
Latch, Inc. (NASDAQ: LTCH) has achieved significant recognition, ranking #101 on the Deloitte Technology Fast 500™. This ranking underscores Latch's rapid revenue growth from 2017 to 2020. The company's innovations include LatchOS, enhancing real estate management. In 2021, Latch went public and introduced several new products and partnerships, strengthening its market position.
Serve Robotics announced the appointment of Euan Abraham as Senior Vice President of Hardware Engineering, effective January 2022. With over two decades of experience, Abraham has previously held senior positions at notable companies like Apple and GoPro. His leadership is expected to enhance the development of Serve's sustainable, self-driving delivery robots. The company aims to expand its contactless delivery services in more cities, backed by support from investors like Uber. Serve Robotics has completed tens of thousands of deliveries in Los Angeles and San Francisco.
Latch, Inc. (NASDAQ: LTCH) has announced new partnerships with Marks USA, TownSteel, and plans to partner with dormakaba. These alliances aim to enhance their LatchOS platform, expanding its reach to residents, property managers, and guests. Key offerings will include the new Latch Lens integration with Marks’ locks, an interconnect lock solution with TownSteel, and a connection with dormakaba’s devices to broaden geographic access. The partnerships are seen as pivotal for Latch's growth in new market segments and lock formats, addressing rising demand and improving user experience.
Latch, Inc. (NASDAQ: LTCH) reported a record revenue of $11.2 million for Q3 2021, reflecting a 120% year-over-year growth. Total bookings reached $96.0 million, a 181% increase, while booked ARR hit $59.8 million, up 126%. Despite strong growth, the company posted a GAAP net loss of $34.2 million, a 116% increase compared to Q3 2020. Latch has updated its 2021 guidance, projecting revenue between $38 million and $42 million for the year. The launch of the new Latch M mortise lock and the hiring of industry expert Lee Odess as GM for New Market Development were also key highlights.
Latch, Inc. (NASDAQ: LTCH) announced it will report third-quarter financial results on November 9, 2021, after market close. The company will host a conference call at 5:00 p.m. ET to discuss these results, accessible by calling (833) 562-0132 (U.S.) or (661) 567-1107 (international). Latch, known for its LatchOS software platform, is a key player in the construction of modern apartments, with over 10% of new builds in the U.S. incorporating its products. For further details, visit Latch's investor relations page.
Latch (NASDAQ: LTCH) reported impressive financial results for Q2 2021, with Total Bookings reaching $95.8 million, up 102% year-over-year. Revenue soared to $9.0 million, marking a 227% increase compared to the same period last year. Despite strong growth, the company posted a GAAP net loss of $40.1 million. Looking ahead, Latch expects Total Bookings for Q3 to be between $85 million and $90 million, while full-year revenue guidance is set at $38 million to $42 million.
Latch, maker of LatchOS, a comprehensive software-as-a-service platform, announced its participation in the KeyBanc Future of Technology Series Conference. CEO Luke Schoenfelder will present on August 9, 2021, at 2:30 PM ET. Latch is recognized for enhancing living and working environments, with its products used in over 10% of new U.S. apartments. The company's operating system, LatchOS, serves clients across 39 states. For more details, visit Latch's website.
Latch, Inc. (NASDAQ: LTCH) will announce its second quarter 2021 financial results on August 12, 2021, after market close. A conference call for investors and analysts is scheduled for the same day at 5:00 p.m. ET. Interested parties can join by dialing (833) 562-0132 in the U.S. or Canada, or (661) 567-1107 internationally, using Conference ID: 7130858. The webcast will be available live on its Investor Relations webpage, with a recording accessible afterward. Latch's platform, LatchOS, is significantly integrated into over 10% of new U.S. apartments.
Latch reported robust financial results for Q1 2021, with revenue of $6.6 million, a 143% year-over-year increase. Booked ARR reached $38.9 million and total bookings amounted to $71.7 million, reflecting increases of 120% and 89%, respectively. Despite these positive growth metrics, the company incurred a GAAP net loss of $38.1 million, a 139% rise from the previous year. Looking ahead, Latch expects Q2 revenue between $9 million and $10 million and full-year revenue guidance of $47 million to $51 million.
Latch, Inc. (NASDAQ: LTCH) will participate in two upcoming investor conferences. The first is the Bank of America 2021 Global Technology Conference on June 10 at 9:15 am ET, featuring CEO Luke Schoenfelder and CFO Garth Mitchell. The second is the Baird 2021 Global Consumer, Technology & Services Conference, also on June 10 at 2:00 pm ET. Both presentations will be available via live webcasts. Latch's software platform, LatchOS, is currently used in over 10% of new U.S. apartment constructions, enhancing living and working spaces nationwide.
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