SmartRent

SmartRent, Inc. is an enterprise smart home automation company developing software and hardware that empowers property owners, managers and homebuilders to effectively manage, protect and automate daily operational processes. Its solutions are designed to provide property managers seamless visibility and control over all their communities assets while delivering additional revenue opportunities through all-in-one home control apps for residents. Its smart home products and solutions were conceptualized, innovated and built by former multifamily operators to maximize efficiency, increase convenience, oversee asset protection and more, all from one dashboard. The company was founded by Lucas Haldeman in 2017 and is headquartered in Scottsdale, AZ.

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SmartRent posts strong Q4 results, eyes revenue growth and profitability

SmartRent's Q4 2022 showcased robust financial performance and strategic focus on revenue growth and operational enhancements.
While facing challenges in achieving positive EBITDA in the short term, the company's long-term outlook remains optimistic.
By capitalizing on opportunities for expansion and efficiency, SmartRent aims to sustain its growth trajectory and enhance profitability.

SmartRent reports stellar Q1 performance, eyes growth through innovation

SmartRent's Q1 2023 performance reflects strong revenue growth, improved profitability, and a solid cash position, signaling positive momentum for the company. The emphasis on cross-selling, new solutions, and hardware expansion underscores SmartRent's commitment to innovation and growth.
While facing challenges in areas like margins and customer dynamics, SmartRent's strategic focus on profitability, customer relationships, and new offerings positions it well to overcome obstacles and drive future success.
With a clear roadmap for growth, SmartRent has the opportunity to capitalize on market opportunities, strengthen its competitive position, and navigate challenges effectively to sustain its upward trajectory in the industry.

SmartRent reports robust Q2 earnings, eyes breakeven targets and partnerships

SmartRent demonstrated strong financial performance, with a focus on achieving breakeven targets and expanding partnerships. Analyst inquiries highlighted areas for improvement, while growth initiatives present opportunities for market expansion.

SmartRent reports robust Q3 growth and eyes profitability in 2023

SmartRent's Q3 performance reflects solid revenue growth, improved EBITDA, and a strategic focus on profitability, underlining the company's resilience and market adaptability.
While facing challenges such as margin declines and profitability targets, SmartRent's innovative product offerings and revenue diversification strategies position it well for future growth.
With a clear roadmap to profitability, operational enhancements, and a customer-centric approach, SmartRent is poised to capitalize on opportunities in the rental housing market and drive sustained success.

SmartRent achieves profitability milestone, eyes revenue growth and market expansion

SmartRent's Q4 performance reflects strong revenue growth and profitability, supported by its market-leading technologies and strategic initiatives.
While facing challenges in revenue duration and hardware deployment, the company's strengths in competitive advantages and recurring revenue model position it well for future growth.
Opportunities lie in revenue expansion, market diversification through community WiFi, and maximizing customer relationships to drive sustained growth and profitability.

SmartRent reports robust Q1 performance, eyes growth through innovation

SmartRent's Q1 2024 performance reflects solid revenue growth, profitability, and expansion in deployed units, underpinned by a focus on innovation.
While challenges in managing expenses and financial outlook exist, the company's strengths in revenue diversification and technological advancements position it well.
Opportunities in enhancing customer offerings and leveraging market trends present avenues for SmartRent to sustain growth and drive value creation.

SmartRent reports positive Q2 results amidst leadership transition challenges

SmartRent's Q2 performance reflects positive trends in adjusted EBITDA, recurring revenue, and gross margins.
While facing challenges such as delayed deployments and CEO transition, the company maintains financial strength and growth opportunities.
Strategic focus on customer engagement and operational efficiency positions SmartRent for long-term success and profitability.
With a strong cash balance and proactive approach to market uncertainties, SmartRent is poised for sustainable growth.

SmartRent reports robust Q3 results, shifts focus to SaaS growth

SmartRent's Q3 earnings call showcased strong financial performance, a focus on SaaS growth, and strategic investments. While facing challenges related to macroeconomic uncertainties, the company's emphasis on customer experience and core product innovation highlights its resilience and growth potential.

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SmartRent, Inc. (SMRT) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.13 per share a year ago.

SmartRent, Inc. (SMRT) Reports Q3 Loss, Misses Revenue Estimates

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart home and property operations solutions for the rental housing industry, today reported financial results for the three months ended September 30, 2023. Management is hosting an investor call to discuss results today, November 7, 2023, at 10:30 a.m. Eastern Time. Third Quarter 2023 Financial and Business Highlights Revenue of $58.1 million, up 22% year-over-year. Gross pro.

SmartRent Reports Third Quarter 2023 Results

Today, we take an updated look at SmartRent, Inc., a company that offers building hardware and cloud-based software solutions for rental property owners and operators. The company is delivering solid revenue growth, has a rock-solid balance sheet, and is moving toward profitability. An updated analysis follows in the paragraphs below.

SmartRent: Heading In The Right Direction

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $SMRT #smartrent--Research report reveals unmet demand; opportunities for competitive advantage, operational efficiencies and connected communities.

Community WiFi Report: Only 1% of Renters Have the Internet Service They Want

SmartRent, Inc. (SMRT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

SmartRent, Inc. (SMRT) Upgraded to Buy: Here's What You Should Know

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--SmartRent, Inc. (NYSE: SMRT), a leading provider of smart home and smart building automation solutions for residents, property owners, managers, developers and homebuilders, today announced it will release third quarter 2023 financial results and host a conference call on Tuesday November 7. Third quarter financial results will be released before the market opens and, at 10:30 a.m. ET, Lucas Haldeman, Chief Executive Officer, and Hiroshi Okamoto, Chief Financ.

SmartRent to Report Third Quarter 2023 Financial Results on November 7, 2023

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--SmartRent, Inc. (NYSE: SMRT, “SmartRent” or “the Company”), the leading provider of smart home and property operations solutions for the rental housing industry, announced that the recent “research report” published by a short-seller is inaccurate and misleading. The report is littered with unsupported claims and obvious factual and contextual errors about SmartRent's business and prospects. For example, the report draws a variety of negative conclusions from.

SmartRent Issues Response to Inaccurate Short Seller Report

Start Time: 12:30 January 1, 0000 1:05 PM ET SmartRent, Inc. (NYSE:SMRT ) Q2 2023 Earnings Conference Call August 08, 2023, 12:30 PM ET Company Participants Lucas Haldeman - Chairman and CEO Hiroshi Okamoto - CFO Brian Ruttenbur - SVP, IR Conference Call Participants Sidney Ho - Deutsche Bank Ryan Tomasello - KBW Erik Woodring - Morgan Stanley Tom White - D.A. Davidson Brett Knoblauch - Cantor Fitzgerald Operator Good afternoon, and welcome to the SmartRent Second Quarter 2023 Earnings Call.

SmartRent, Inc. (SMRT) Q2 2023 Earnings Call Transcript

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart home and property operations solutions for the rental housing industry, today reported financial results for the three months ended June 30, 2023. Management is hosting an investor call to discuss results today, August 8, 2023, at 12:30 p.m. Eastern Time. Second Quarter 2023 Financial and Business Highlights Revenue of $53.4 million, up 26% year-over-year. Gross profit of.

SmartRent Reports Second Quarter 2023 Results

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $SMRT #smartrent--SmartRent Selects ADI Global Distribution as Preferred Distribution Partner.

SmartRent Selects ADI Global Distribution as Preferred Distribution Partner

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $SMRT #positionimaging--SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), the leading provider of smart home and property operations solutions for the rental housing industry, has expanded its product line to include the innovative Smart Package Room® system — a true smart package management solution — that transforms package visibility, reduces labor demands, optimizes storage space and enhances resident satisfaction. Smart Package Room® complements SmartRent's smart hom.

SmartRent Expands Product Line to Include the Smart Package Room® Solution

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--SmartRent, Inc. (NYSE: SMRT), a leading provider of smart home and smart building automation solutions for residents, property owners, managers, developers and homebuilders, today announced it will release second quarter 2023 financial results and host a conference call on Tuesday, August 8. Second quarter financial results will be released before the market opens and, at 12:30 p.m. ET, Lucas Haldeman, Chief Executive Officer, and Hiroshi Okamoto, Chief Finan.

SmartRent to Report Second Quarter 2023 Financial Results on August 8, 2023

Compass

Offerpad Solutions

New home sales jumped in May, and home prices rose for the third straight month in April. Real estate stocks like Offerpad, Compass, and SmartRent -- which are highly exposed to the health of the real estate market -- jumped.

Why Real Estate Stocks Popped This Week

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $SMRT #smartrent--SmartRent, Inc. (NYSE: SMRT), the leading provider of smart home and property operations solutions for the rental housing industry, is pleased to announce that CEO Lucas Haldeman has been named as an Ernst & Young LLP (EY US) Entrepreneur Of The Year® 2023 Pacific Southwest Award winner. The Entrepreneur Of The Year Awards program is one of the preeminent competitive awards for entrepreneurs and leaders of high-growth companies. Mr. Haldeman was selected.

SmartRent CEO Lucas Haldeman Recognized as an EY Entrepreneur Of The Year® 2023 Pacific Southwest Award Winner

SmartRent, Inc. is the dominant smart home technology company focused on rental housing, and demand for SMRT's products and services is blasting higher. SmartRent's platform is unique and proven. The six largest rental housing companies in the U.S. are all SmartRent, Inc. customers. SmartRent's only direct competitor, Latch, Inc., is going bust. SmartRent is growing new orders so quickly that the company is battling to fulfill them.

SmartRent: The Smart Way To Invest In Smart Homes And Proptech

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $SMRT #communitywifi--SmartRent, Inc. (NYSE: SMRT), the leading provider of smart home and property operations solutions for the rental housing industry, today announced the launch of its Community WiFi solution, built by multifamily experts for the multifamily industry. Through Community WiFi, SmartRent is elevating renter expectations for wireless service at their communities in terms of connection speed, dependability, portability and affordability. It is also raising the bar f.

SmartRent Launches Community WiFi for Rental Housing

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart home and property operations solutions for the rental housing industry, is participating in the Morgan Stanley U.S. Financials, Payments, and CRE Conference located at the InterContinental Barclay Hotel in New York City. Lucas Haldeman, CEO of SmartRent, will be speaking as part of the “Opportunities in Multifamily Housing” panel discussion on Wednesday, June 14, 2023, at.

SmartRent to Present at the Morgan Stanley US Financials, Payments and CRE Conference

From a technical perspective, SmartRent, Inc. (SMRT) is looking like an interesting pick, as it just reached a key level of support. SMRT's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.

Should You Buy SmartRent, Inc. (SMRT) After Golden Cross?

SmartRent, Inc. (NYSE:SMRT ) Q1 2023 Earnings Conference Call May 10, 2023 4:30 PM ET Company Participants Annalise Lasater - Vice President of Investor Relations. Lucas Haldeman - Chairman & Chief Executive Officer Hiroshi Okamoto - Chief Financial Officer Conference Call Participants Ryan Tomasello - KBW Sidney Ho - Deutsche Bank Erik Woodring - Morgan Stanley Brian Ruttenbur - Imperial Capital Wyatt Swanson - D.A.

SmartRent, Inc. (SMRT) Q1 2023 Earnings Call Transcript

SmartRent, Inc. (SMRT) came out with a quarterly loss of $0.07 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.12 per share a year ago.

SmartRent, Inc. (SMRT) Reports Q1 Loss, Tops Revenue Estimates

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart home and property operations solutions for the multifamily industry, today reported financial results for the three months ended March 31, 2023. Management is hosting an investor call to discuss results today, May 10, 2023, at 4:30 p.m. Eastern Time. First Quarter 2023 Financial and Business Highlights Revenue of $65.1 million, up 60% quarter-over-quarter and 74% year-ove.

SmartRent Reports First Quarter 2023 Results

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--SmartRent, Inc. (NYSE: SMRT), a leading provider of smart home and smart building automation solutions for residents, property owners, managers, developers and homebuilders, today announced it will release first quarter 2023 financial results on Wednesday May 10, following the market close. On that day, Lucas Haldeman, Chief Executive Officer, and Hiroshi Okamoto, Chief Financial Officer, will host a conference call and webcast at 4:30 p.m.

SmartRent to Report First Quarter 2023 Financial Results on May 10, 2023

SmartRent, Inc. (SMRT) delivered earnings and revenue surprises of 0% and 9.48%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

SmartRent, Inc. (SMRT) Reports Q4 Loss, Misses Revenue Estimates

SmartRent, Inc. (NYSE:SMRT ) Q4 2022 Earnings Conference Call March 8, 2023 4:30 PM ET Company Participants Annalise Lasater - Vice President of Investor Relations. Lucas Haldeman - Chairman and Chief Executive Officer Hiroshi Okamoto - Chief Financial Officer Conference Call Participants Sidney Ho - Deutsche Bank Ryan Tomasello - KBW Jason Weaver - Compass Point Brian Ruttenbur - Imperial Capital.

SmartRent, Inc. (SMRT) Q4 2022 Earnings Call Transcript

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), the leading provider of smart home and property operations solutions for the multifamily industry, today reported financial results for the three months and year ended December 31, 2022. Management is hosting an investor call to discuss results today, March 8, 2023, at 4:30 p.m. Eastern Time. Financial and Business Highlights for the Fourth Quarter and Full-Year 2022 Revenue of $40.

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