SmartRent Inc (N:SMRT)
Business Focus: N/A
| Sector: Technology | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 18835 N. Thompson Peak Parkway Suite 300 SCOTTSDALE AZ 85255 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Lucas Haldeman Chairman of the Board, Chief Executive Officer, Founder | Daryl Stemm Chief Financial Officer | Evelyn Leon Infurna Senior Vice President |
| Isaiah Derose-Wilson Chief Technology Officer | Robyn Young Chief Marketing Officer | |
| Business Overview |
| SmartRent, Inc. is a provider of smart home and smart property solutions for the multifamily industry. The Company's platform, comprised of smart hardware and cloud-based software-as-a-service solutions, gives operators visibility and control over real estate assets empowering them to simplify operations, automate workflows and deliver site team and resident experiences. Through a Hub Device, the Company enables the integration of its platform with third-party smart devices, its own hardware devices and other technology interfaces. It uses an open-architecture, brand-agnostic approach that allows owners, operators, and residents to manage their smart home systems through a single connected interface. Its solutions include smart apartments and homes, access control for buildings, common areas, and rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident WiFi. It provides customers with training, installation and support services. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, SmartRent Inc revenues increased 41% to $236.8M. Net loss decreased 64% to $34.6M. Revenues reflect Hardware segment increase of 57% to $137.2M, Hosted services segment increase of 33% to $64.2M. Lower net loss reflects General and administrative - Balancing v decrease of 18% to $35.7M (expense), Interest income (expense), net increase from $1.9M to $8.6M (income). |
| Employees: | 526 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $284.68M as of Dec 31, 2023 |
| Annual revenue (TTM): | $236.84M as of Dec 31, 2023 |
| EBITDA (TTM): | -$36.31M as of Dec 31, 2023 |
| Net annual income (TTM): | -$34.59M as of Dec 31, 2023 |
| Free cash flow (TTM): | $2.21M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 204,036,865 as of Mar 18, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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