Welcome to our dedicated page for Smartrent news (Ticker: SMRT), a resource for investors and traders seeking the latest updates and insights on Smartrent stock.
SmartRent, Inc. provides smart communities and smart operations solutions for the rental housing industry through a platform that combines SaaS, IoT-enabled hardware, maintenance tools and leasing solutions. Company news commonly covers quarterly results, annual recurring revenue, units deployed, SaaS ARPU, hardware revenue comparisons, gross margin, Adjusted EBITDA, cash flow and liquidity.
Updates also address go-to-market expansion, including value-added reseller relationships for small and mid-market multifamily owners and operators, as well as technology leadership, product development, equity incentive grants and governance-related corporate actions.
Stein Mart, Inc. (Nasdaq: SMRT) reported a significant 57% decrease in net sales for Q1 2020, totaling $134.3 million compared to $314.2 million in Q1 2019. This decline was largely due to the temporary store closures implemented on March 19 in response to the COVID-19 pandemic. As of now, 90% of stores have reopened with reduced hours, and omni sales increased 17% year-over-year. The company is actively managing cash flow and liquidity through various cost-cutting measures, including furloughs and renegotiations with vendors.
Summary not available.