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Dec 31, 2021
Smartrent Q4 2021 Earnings Report
SmartRent's Q4 2021 financial results were released, showcasing significant revenue growth and strategic acquisitions.
Key Takeaways
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.
Total revenue increased by 155% to $34.7 million compared to Q4 2020.
SaaS ARR grew by 114% to $10.6 million compared to Q4 2020.
Hosted Services ARPU increased by 2% to $6.86 compared to Q4 2020.
Deployed 52,076 organic units, a 72% increase compared to Q4 2020.
Revenue by Segment
Forward Guidance
The Company continues to experience strong demand for its smart home enterprise software solutions and is providing guidance for full-year 2022 and the first quarter of 2022.
Positive Outlook
- Total Revenue of $220 to $250 million for full year 2022.
- Adjusted EBITDA of $(50) to $(35) million for full year 2022.
- Units Deployed of 280,000 to 320,000 for full year 2022.
- Total Revenue of $35 to $37 million for quarter ended March 31, 2022.
- Units Deployed of 46,000 to 48,000 for quarter ended March 31, 2022.
Challenges Ahead
- Estimates exclude the impact of potential acquisitions.
- Estimates exclude the impact of capital markets activity.
- Estimates exclude unforeseen potential challenges with supply chain and logistics.
- Estimates are forward-looking based on the Company’s current assessment of demand for its product.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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