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SmartRent, Inc. - $SMRT STOCK NEWS

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.

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.

News
SmartRent Earns Coveted Spot on Deloitte's 2023 Technology Fast 500™ List
Rhea-AI Summary
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%
Tags
none
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News
SmartRent Reports Third Quarter 2023 Results
Rhea-AI Summary
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%
Tags
earnings
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News
Community WiFi Report: Only 1% of Renters Have the Internet Service They Want
Rhea-AI Summary
SmartRent, Inc. has released a research report titled 'Community WiFi: A Tactical Guide for the Multifamily Market'. The report, conducted by Parks Associates, aims to understand the competitive landscape and provide guidance to multifamily owners and operators in meeting the demand for connectivity. It includes insights from 2,000 apartment residents and 12 technology leaders in the multifamily housing market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
Tags
none
News
SmartRent to Report Third Quarter 2023 Financial Results on November 7, 2023
Rhea-AI Summary
SmartRent, Inc. to release Q3 2023 financial results and host conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.66%
Tags
conferences earnings
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News
SmartRent Issues Response to Inaccurate Short Seller Report
Rhea-AI Summary
SmartRent refutes inaccurate and misleading research report
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.79%
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none
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News
SmartRent Reports Second Quarter 2023 Results
Rhea-AI Summary
SmartRent, Inc. (NYSE: SMRT) reported strong financial results for the second quarter of 2023, with revenue of $53.4 million, a 26% year-over-year increase. Gross profit was $9.9 million, up 900% year-over-year, and net loss improved by 60%. Adjusted EBITDA was $(6.4) million, a 24% improvement from Q1 2023 and 68% improvement year-over-year. The Company has $197.0 million in cash and cash equivalents as of June 30, 2023. SmartRent anticipates achieving Adjusted EBITDA breakeven by year end and cash flow breakeven within six months following.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.74%
Tags
earnings
News
SmartRent Selects ADI Global Distribution as Preferred Distribution Partner
Rhea-AI Summary
SmartRent, a leading provider of smart home solutions for the rental housing industry, has partnered with ADI Global Distribution to serve as its preferred distribution partner. This partnership will improve inventory management, enhance product availability, and strengthen SmartRent's overall partnership with Resideo.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.74%
Tags
none
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News
SmartRent Expands Product Line to Include the Smart Package Room® Solution
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.52%
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none
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News
SmartRent to Report Second Quarter 2023 Financial Results on August 8, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.85%
Tags
conferences earnings
News
SmartRent Launches Community WiFi for Rental Housing
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
Tags
none
Stock SMRT logo
SmartRent, Inc.

NYSE:SMRT

SMRT Rankings

#2932 Ranked by Market Cap
#3026 Ranked by Stock Gains
N/A Ranked by Dividends

SMRT Stock Data

561.08M
169.82M
16.63%
59.02%
7.56%
Computer Systems Design Services
Professional, Scientific, and Technical Services
Link
United States of America
SCOTTSDALE

About SMRT

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