Smartrent Inc Stock Price, News & Analysis

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.

SmartRent, Inc. (NYSE: SMRT) announced its participation in the Goldman Sachs Communacopia + Technology Conference on September 15, 2022, at The Palace Hotel in San Francisco. CEO Lucas Haldeman will engage in a fireside chat at 2:30 PM ET, and the event will be available via a live webcast. Additionally, Haldeman and CFO Hiroshi Okamoto will hold one-on-one meetings with investors at the conference. SmartRent is known for its innovative property technology solutions aimed at improving real estate operations.

SmartRent, Inc. (NYSE: SMRT) achieved a record revenue of $42.4 million for Q2 2022, reflecting a 96% increase year-over-year. SaaS ARR surged 337% to $30.6 million. Despite these gains, the company reported a net loss of $(25.6) million, widening from $(10.1) million in Q2 2021. SmartRent ended June 30 with $263.2 million in cash and faced supply chain constraints, affecting its 2022 outlook. The firm has deployed over 450,000 units and anticipates improved margins and growth from recent acquisitions.

SmartRent, Inc. (NYSE: SMRT) announces the appointment of Terry Danner as Executive Vice President of Sales, following its acquisition of SightPlan in March 2022. Danner, previously CEO of SightPlan, will lead the integration of product sales and operations for both companies. His extensive experience in the multifamily housing sector is expected to drive strategic growth, enhancing SmartRent's service offerings. CEO Lucas Haldeman praised Danner's seasoned leadership as vital for the company's future growth and scalability.

SmartRent, Inc. (NYSE: SMRT) is set to announce its Q2 2022 financial results on August 11, 2022, post-market. A conference call will follow at 5 p.m. ET to discuss these results. Investors can join via domestic dial-in at 1-877-407-3982 or international dial-in at 1-201-493-6780, using passcode 13730376. The call will also be available as a webcast on SmartRent's Investor Relations website. SmartRent specializes in hardware and cloud-based SaaS solutions for real estate, enhancing management and control for various stakeholders.

SmartRent, Inc. (NYSE: SMRT), a leader in smart home and building automation, announced that CEO Lucas Haldeman and CFO Hiroshi Okamoto will participate in upcoming investor conferences. They will host a fireside chat at the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference in Boston on May 24 at 10:10 a.m. ET. Additionally, they will engage in a virtual chat at the KBW Real Estate Finance & Technology Conference on May 26 at 11:00 a.m. ET. SmartRent enhances property management with smart solutions, lowering costs and improving resident experiences.

SmartRent, Inc. (NYSE: SMRT) reported record revenues of $37.4 million for Q1 2022, a 95% increase year-over-year, driven by a surge in smart home automation demand. The company deployed over 51,000 new units and booked 91,482 units, leading to total bookings of $72.0 million. However, it reported a net loss of $(23.4) million, widening from $(9.3) million a year earlier. SmartRent acquired SightPlan for approximately $135 million, aiming to enhance its platform capabilities while increasing annual recurring revenue by 205% to $16.3 million.