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Jun 30, 2021
Smartrent Q2 2021 Earnings Report
SmartRent's revenue increased significantly year-over-year, driven by growth in hardware, professional services, and hosted services, but the company sustained a net loss.
Key Takeaways
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).
Total revenue increased to $21.677 million, up from $5.791 million in Q2 2020.
Hardware revenue increased to $14.029 million, compared to $2.881 million in Q2 2020.
Professional services revenue increased to $3.564 million, up from $1.210 million in Q2 2020.
Hosted services revenue increased to $4.084 million, compared to $1.700 million in Q2 2020.
Revenue by Segment
Forward Guidance
No specific forward guidance was found in the provided document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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