Smartrent Earnings Reports

SmartRent's Q4 2024 revenue declined 41% year-over-year to $35.4 million due to lower hardware sales and deployment volumes. The company reported a net loss of $11.4 million, compared to a $3.3 million loss in Q4 2023. Adjusted EBITDA fell to -$7.4 million from $743K in the prior-year quarter. While SaaS revenue grew 17%, hardware revenue plummeted by 72%. The company aims to accelerate its transition to a SaaS-first model under new leadership.

SmartRent reported a 30% decrease in total revenue year-over-year, totaling $40.5 million, while SaaS revenue increased by 23% to $13.3 million. The company's net loss increased to $(9.9) million, but adjusted EBITDA improved by 24% to $(3.8) million. SmartRent repurchased 9.8 million shares at a cost of $17.1 million and ended the quarter with $163.7 million in cash and cash equivalents.

SmartRent reported a decrease in total revenue by 9% year-over-year, but saw a 32% increase in SaaS revenue. Net loss improved by 56% compared to the previous year, and adjusted EBITDA showed a 114% improvement. The company is focusing on strengthening recurring revenue streams and managing costs amid a CEO transition.

SmartRent reported a decrease in total revenue but a significant increase in SaaS revenue. The company's net loss improved, and it achieved positive adjusted EBITDA. There was also substantial growth in units deployed and significant improvement in gross margins.

SmartRent reported a 49% increase in Q4 revenue, reaching $60.3 million, and achieved positive adjusted EBITDA of $0.7 million, marking a significant milestone in the company's history. The company ended the year with $215.7 million in cash and announced a $50 million stock repurchase program.

SmartRent reported a 22% increase in revenue to $58.1 million, a gross profit of $13.5 million, and a net loss of $(7.7) million, a 70% improvement year-over-year. The company's cash and cash equivalents increased by $14 million to $211.0 million. They are on track to achieve Adjusted EBITDA profitability in Q4 2023 and positive cash flow from operations within six months following.

SmartRent reported a 26% increase in revenue to $53.4 million, a 900% increase in gross profit to $9.9 million, and a 60% improvement in net loss to $(10.3) million. The company's Adjusted EBITDA improved by 68% year-over-year, and it ended the quarter with $197.0 million in cash and cash equivalents.

SmartRent reported record revenue of $65.1 million, up 74% year-over-year. Gross profit increased to $9.1 million, up 292% year-over-year, and net loss improved to $(13.2) million. The company's strong performance and focus on efficiency have positioned it well for continued success and potential profitability.

SmartRent's Q4 2022 results showed a 17% increase in revenue compared to Q4 2021, reaching $40.6 million. The company focused on innovation, optimized processes, and boosted operational efficiency. Gross margins improved across all revenue streams, resulting in a total gross margin of 9.7% and a gross profit of $3.9 million.

SmartRent reported record revenue of $47.5 million, a 12% increase quarter-over-quarter and a 35% increase year-over-year. The company achieved 500,000 units deployed and an all-time high in committed units.

SmartRent reported a record quarterly revenue of $42.4 million, a 96% increase year-over-year, driven by higher Units Deployed, growth in software subscriptions, and the contribution from SightPlan. The company's SaaS ARR grew by 337% to $30.6 million. However, supply chain constraints led to a revised full-year 2022 guidance with lower revenue and units deployed expectations.

SmartRent reported a record revenue of $37.4 million and bookings of $72.0 million in Q1 2022. The company deployed over 51,000 new units and added 41 new customers. They also acquired SightPlan to enhance platform capabilities.

SmartRent reported a 155% increase in total revenue for Q4 2021, reaching $34.7 million. The company experienced growth in SaaS ARR, Hosted Services ARPU, and Units Deployed. Net loss was $(26.0) million, and adjusted EBITDA was $(21.8) million. The company ended the year with a strong cash balance of $432.1 million.

SmartRent reported a strong third quarter in 2021, with a 112% increase in revenue to $35.1 million. The company achieved record unit deployments and bookings, and significantly increased SaaS ARR. Despite these gains, the company experienced a net loss and adjusted EBITDA loss, influenced by a warranty charge and increased operating expenses.

SmartRent's Q2 2021 earnings report shows a substantial increase in revenue compared to the same period last year, with total revenue reaching $21.677 million, a 274.3% increase. However, the company experienced a net loss of $10.051 million, and basic and diluted net loss per common share was $(4.87).