Smartrent Inc Stock Price, News & Analysis

SmartRent, Inc. (NYSE: SMRT) reported a 52% increase in revenue for the full year 2022, totaling $167.8 million. Q4 revenue also rose by 17% year-over-year to $40.6 million. SaaS revenue skyrocketed by 205% in Q4, reaching $8.1 million, and 251% for the year at $27.8 million. However, the company faced a net loss of $(21.4) million in Q4 and $(96.3) million for the year. Despite this, cash reserves stood at $218 million. The company forecasts total revenue between $225 million and $250 million for 2023, aiming for improved adjusted EBITDA.

SmartRent, Inc. (NYSE: SMRT), a leading provider of smart home solutions, announced its participation in the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2023, at The Palace Hotel in San Francisco, CA. CEO Lucas Haldeman will engage in a fireside chat at 11:55 a.m. PT. Investors can access a live webcast and replay via SmartRent's Investor Relations website. The company, founded in 2017, serves 15 of the top 20 multifamily property owners.

SmartRent, a leader in smart home technology, announces a collaboration with Apartments.com, enhancing apartment searching through self-guided tours. This partnership allows potential renters to schedule tours directly on Apartments.com, tapping into an increasing demand for such options, which grew by 63% since the pandemic. The self-guided tours allow properties to display competitive amenities and provide flexibility for renters. Lucas Haldeman, CEO of SmartRent, emphasizes the value this partnership offers to renters and property owners. This development aims to streamline the renting process and convert leads into leases more effectively.

SmartRent, Inc. (NYSE: SMRT) will release its fourth quarter and full-year 2022 financial results on March 8, 2023, after the market closes. Following this, CEO Lucas Haldeman and CFO Hiroshi Okamoto will conduct a conference call at 4:30 p.m. ET to discuss the company's performance. Interested parties can find the press release and supporting materials on the company’s Investor Relations website.

SmartRent has partnered with SVN | SFR Capital Management to enhance efficiency in the Build-for-Rent (BFR) housing sector. Their collaboration aims to implement smart home technology that will lower operational costs, improve tenant safety, and increase satisfaction. SVN | SFR intends to acquire over 35,000 new BFR homes through a capital raise of $12 billion over 5-7 years. This partnership targets a modernized living experience through integrated solutions, appealing to a growing demand for smart home amenities among renters.

SmartRent, Inc. (NYSE: SMRT), a leader in property technology, will present at the 19th Annual Imperial Capital Security Investor Conference on December 14-15, 2022, at the InterContinental New York Barclay. CEO Lucas Haldeman is scheduled to speak on December 15 at 3:15 p.m. ET. Investors can access a live webcast and replay on SmartRent's Investor Relations website. Haldeman and CFO Hiroshi Okamoto will also hold one-on-one meetings with attendees.

SmartRent, Inc. (NYSE: SMRT) reported record total revenue of $47.5 million for Q3 2022, a 12% increase from the previous quarter and a 35% year-over-year growth. The company achieved a milestone of 500,000 units deployed and anticipates over 800,000 units will be committed within two years. However, SmartRent incurred a net loss of $(26.0) million, slightly higher than the prior quarter. The company has narrowed its 2022 revenue guidance to $165 to $180 million and reaffirms a path to profitability in 2023.

SmartRent, Inc. (NYSE: SMRT) will announce its third quarter 2022 financial results on November 10, 2022, after market close. CEO Lucas Haldeman and CFO Hiroshi Okamoto will lead a conference call at 4:30 p.m. ET to discuss the results. Interested parties can access the webcast through the company’s Investor Relations website. SmartRent specializes in smart home and building automation solutions for property operators, enhancing efficiency and introducing cost savings in real estate management.

SmartRent, Inc. (NYSE: SMRT) has reached a significant milestone by deploying its smart home technologies in 500,000 homes, encompassing both apartments and single-family units. This achievement reflects the effectiveness of SmartRent's solutions in enhancing property management and resident experiences. Since its establishment in 2017, the company has expanded its offerings to serve over 447 customers and has engaged with over 2 million users. The press release highlights the company's commitment to innovation in the smart home sector.