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.
Latch Inc (LTCH) pioneers smart access solutions that redefine building security through integrated hardware and cloud-based software. This page aggregates official announcements, financial disclosures, and strategic updates directly from the company, providing investors and industry observers with a centralized resource for tracking LTCH's market position.
Users gain immediate visibility into earnings reports, product launch details, and partnership announcements that shape Latch's role in the smart building ecosystem. Each update is curated to highlight operational milestones without speculative commentary, ensuring relevance for both technical experts and general stakeholders.
The archive includes verified information on system deployments, technology patents, and executive leadership decisions. By maintaining strict adherence to factual reporting, this collection serves as a reliable reference for understanding LTCH's approach to IoT security challenges and market expansion strategies.
Bookmark this page for streamlined access to Latch Inc's evolving narrative in the access technology sector. Regular visits ensure timely awareness of developments impacting the company's growth trajectory and industry partnerships.
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.
Latch, the creator of the full-building SaaS platform LatchOS, has officially begun trading on NASDAQ under the ticker LTCH on June 4, 2021. This follows its merger with TS Innovation Acquisitions Corp., which was approved on June 3, 2021. Latch has secured approximately $453 million in cash proceeds, intended for growth initiatives such as expanding its platform and entering new markets. The company plans to report its Q1 2021 financial results on June 9, 2021, and aims to enhance shareholder value through strategic objectives and product innovations.
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