Welcome to our dedicated news page for SmartRent (Ticker: SMRT), a resource for investors and traders seeking the latest updates and insights on SmartRent.
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 SmartRent'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 SmartRent's position in the market.
Rhea-AI Summary
SmartRent, Inc. (NYSE: SMRT) will release its first quarter 2024 financial results on May 8, 2024. The CEO and CFO will host a conference call to discuss the company's performance. Investors can access the press release and supporting materials on the Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
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Rhea-AI Summary
SmartRent, Inc. (SMRT) launches Alloy SmartHome Leak Sensor+ with enhanced features like improved battery longevity, humidity resistance, leak detection, compatibility, reliability, and performance. The sensor aligns with SmartRent's latest smart home products, integrates with Hub+ for a seamless user experience, and is priced competitively. CEO Lucas Haldeman highlights the sensor's ability to prevent potential damage, improve detection accuracy, and simplify installation, benefiting property operators.
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Rhea-AI Sentiment
End-of-Day
1.56%
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Rhea-AI Summary
SmartRent, Inc. (SMRT) reported strong financial results for Q4 and full-year 2023, with revenue up 49% and 41% year-over-year, respectively. The company achieved positive Adjusted EBITDA for the first time in Q4 2023, with a net loss improvement of 85% and 64% for Q4 and full year, respectively. SmartRent ended the year with $216 million in cash and announced a $50 million share repurchase program. The company plans to invest in scaling its Community WiFi capabilities to tap into a multi-billion dollar market opportunity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.5%
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Harris R. Heyer and Michael J. Holder, Partners of 10th Mountain Management LLC, issue an open letter to SmartRent, Inc. shareholders, expressing concern over a 70% decline in shares since merging with FWAA. Management criticized for downplaying new unit deployments and not addressing investor concerns adequately.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.27%
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Rhea-AI Summary
SmartRent, Inc. (NYSE: SMRT) has announced the release of its fourth quarter and financial year 2023 results, along with a conference call hosted by CEO Lucas Haldeman and CFO Daryl Stemm. The press release and supporting materials will be available on the Company’s Investor Relations website. The conference call is scheduled for Tuesday, March 5, 2024, at 10:30 a.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5%
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Rhea-AI Summary
SmartRent, Inc. (NYSE: SMRT) has announced the launch of Alloy SmartHome Hub+, the Company’s first thermostat with an integrated smart hub device developed under its Alloy SmartHome hardware brand. This innovative product operates on Z-Wave protocol and has less hardware to install and maintain. Alloy SmartHome Hub+ establishes a single interface to control connected smart home devices, enabling users to turn off multiple lights in a home at once, remotely lock and unlock doors, receive alerts and automatically notify maintenance when a sensor detects a leak.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
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SmartRent, Inc. (NYSE: SMRT) announced the implementation of its access control and IoT solutions at 2,500 apartment homes in The Towbes Group portfolio. The Towbes Group plans to modernize the resident experience at all its multifamily residential communities by leveraging smart home technology provided by SmartRent. The implementation will begin at six communities this year, with installation scheduled at six more properties in the first quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.71%
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SmartRent, Inc. (NYSE: SMRT) appoints Daryl Stemm as Chief Financial Officer, reaffirms Q4 2023 guidance. Stemm, with four decades of finance experience, replaces Hiroshi Okamoto. SmartRent expects $58M to $63M in Q4 2023 and aims for Adjusted EBITDA profitability of $0M to $2M.
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Rhea-AI Sentiment
End-of-Day
0.9%
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SmartRent (NYSE: SMRT) has been named on Deloitte’s 2023 Technology Fast 500™ list, recognizing innovative and rapidly growing companies in North America. The company develops software and hardware for rental housing operators, property managers, and site teams, prioritizing efficiency and a seamless user experience in modern living.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.88%
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SmartRent, Inc. (NYSE: SMRT) reported a 22% increase in revenue to $58.1 million and a 1,000% increase in gross profit to $13.5 million in Q3 2023. The company's cash and cash equivalents increased by $14 million to $211 million. SmartRent expects to achieve Adjusted EBITDA profitability in Q4 2023 and positive cash flow from operations within six months following.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.9%
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SmartRent, Inc.
NYSE:SMRT
SMRT Rankings
SMRT Stock Data
489.69M
169.82M
16.63%
59.02%
7.56%
Computer Systems Design Services
Professional, Scientific, and Technical Services
United States of America
SCOTTSDALE
About SMRT
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