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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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.

SmartRent Reports Fourth Quarter and Full-Year 2022 Results

SCOTTSDALE, Ariz.--( BUSINESS WIRE )--SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart home and smart building automation for residents, property owners, managers, developers and homebuilders, today announced that it will present at the Morgan Stanley Technology, Media & Telecom Conference at The Palace Hotel in San Francisco, CA.

SmartRent to Present at the Morgan Stanley Technology, Media & Telecom Conference

SCOTTSDALE, Ariz.--( BUSINESS WIRE )--SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart home and smart building automation for residents, property owners, managers, developers and homebuilders, today announced its technology is a part of next-generation apartment searches on Apartments.com, the leading online apartment listing website offering renters access to information on more than one million available units for rent. In collaboration with SmartRent, prospective residents can easily schedule a self-guided tour for a unit of interest without leaving Apartments.com.

SmartRent Enables Self-Guided Tour Scheduling Within Apartment Listings

New York, New York--(Newsfile Corp. - January 26, 2023) - Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Fifth Wall Acquisition Corp. I ("Fifth Wall") (NASDAQ: FWAA), now known as SmartRent, Inc. ("SmartRent") (NYSE: SMRT), breached their fiduciary duties to Fifth Wall's shareholders.

SmartRent Stock - SMRT Investors Who Held Shares of Fifth Wall Acquisition Corp. I Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation

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 fourth quarter and full-year 2022 financial results on March 8th, 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. ET to discuss the Company's performance. The press release and supporting materials will be available in the Events & Presentations section of the Company's Investor Relations website.

SmartRent to Report Fourth Quarter and Full-Year 2022 Financial Results on March 8, 2023

SmartRent is a leading player in a large TAM. SMRT provides compelling value proposition to all stakeholders in the ecosystem.

SmartRent: Leading Player In A Large Industry

Fifth Wall Acquisition Corp. I

NEW YORK--( BUSINESS WIRE )--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of Fifth Wall Acquisition Corp. I (“Fifth Wall”) (NASDAQ: FWAA); n/k/a SmartRent, Inc. (“SmartRent”) (NYSE: SMRT) breached their fiduciary duties to Fifth Wall's shareholders. If you were a Fifth Wall shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982, or jpettigrew@scott-scott.com .

INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Fifth Wall Acquisition Corp. I's Directors and Officers for Breach of Fiduciary Duties – SMRT, FWAA

The major thing holding back SmartRent is supply chain issues, but it's a big headwind, even though there are slow improvements. SMRT entered partnership with SFR Capital Management, further adding to its market-leading position.

SmartRent: Supply Chain Must Improve To Gain Momentum

NEW YORK & PHOENIX--( BUSINESS WIRE )--Today, SVN | SFR Capital Management (“SVN | SFR”), a private commercial real estate investment firm dedicated to the single-family Build-for-Rent (BFR) housing sector, announced its partnership with property technology solutions provider, SmartRent. SmartRent's smart home solutions aim to help SVN | SFR reduce costs and increase operational efficiencies within its dedicated rental communities while enhancing resident quality of life, safety and retention.

SVN | SFR Capital Management Signs MOU with SmartRent to Integrate Advanced Home Monitoring and Management Technology into 35,000 Build-for-Rent Homes

SCOTTSDALE, Ariz.--( BUSINESS WIRE )--SmartRent, Inc. (NYSE: SMRT) (“SmartRent”), a recognized enterprise property technology leader designed by and for real estate operators, today announced it will present to institutional investors at the 19th Annual Imperial Capital Security Investor Conference (SIC) on December 14-15, 2022 at the InterContinental New York Barclay.

SmartRent to Present at Imperial Capital Security Investor Conference

SmartRent, Inc. (NYSE:SMRT ) Q3 2022 Earnings Conference Call November 10, 2022 4:30 PM ET Company Participants Annalise Lasater - VP, IR Lucas Haldeman - Chairman and CEO Hiroshi Okamoto - CFO Conference Call Participants Tom White - D.A. Davidson Erik Woodring - Morgan Stanley Brian Ruttenbur - Imperial Capital Brett Knoblauch - Cantor Fitzgerald Jason Weaver - Compass Point LLC Ryan Tomasello - KBW Operator Ladies and gentlemen, good afternoon.

SmartRent, Inc. (SMRT) Q3 2022 Earnings Call Transcript

SmartRent, Inc. (SMRT) delivered earnings and revenue surprises of -18.18% and 7.48%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

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

SCOTTSDALE, Ariz.--( BUSINESS WIRE )--SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart home and smart building automation for residents, property owners, managers, developers, and homebuilders, today reported financial results for the three months and nine months ended September 30, 2022. Management is hosting an investor call to discuss results today, November 10, 2022, at 4:30 pm Eastern Time.

SmartRent Reports Third Quarter 2022 Results

SmartRent to Report Third Quarter 2022 Financial Results on Thursday, November 10

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $SMRT #hardware--SmartRent today announced that its technologies are now deployed in 500,000 apartment and single-family homes, a milestone in smart technology.

SmartRent Surpasses 500,000 Units Deployed

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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a recognized enterprise property technology leader designed by and for real estate operators, today announced it will present to institutional investors at the Goldman Sachs Communacopia + Technology Conference at The Palace Hotel in San Francisco on Thursday, September 15, 2022. Lucas Haldeman, CEO of SmartRent, will participate in a fireside chat at 2:30 PM Eastern Time on Thursday, September 15,

SmartRent to Present at Goldman Sachs Communacopia + Technology Conference

A guidance cut lower-than-expected growth sank the property tech stock.

Why SmartRent Stock Plunged Today

SmartRent, Inc. (NYSE:SMRT ) Q2 2022 Earnings Conference Call August 11, 2022 5:00 PM ET Company Participants Evelyn Infurna - Senior Vice President-Investor Relations Lucas Haldeman - Chairman & Chief Executive Officer Hiroshi Okamoto - Chief Financial Officer Conference Call Participants Rod Hall - Goldman Sachs Ryan Tomasello - KBW Barry Oxford - Colliers Sidney Ho - Deutsche Bank Erik Woodring - Morgan Stanley Jason Weaver - Compass Point Steven McDermott - Cantor Fitzgerald Operator Good evening and welcome to the SmartRent Inc. Second Quarter 2022 Earnings Conference Call. At this time, all participants are in listen-only mode.

SmartRent, Inc. (SMRT) CEO Lucas Haldeman on Q2 2022 Results - Earnings Call Transcript

SmartRent, Inc. (SMRT) delivered earnings and revenue surprises of -20% and 18.17%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

SmartRent, Inc. (SMRT) Reports Q2 Loss, Misses Revenue Estimates

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”) today reported financial results for the quarter ended June 30, 2022. Second Quarter 2022 Financial Highlights Compared to Second Quarter 2021 Record total revenue of $42.4 million compared to $21.7 million, up 96%. SaaS ARR of $30.6 million compared to $7.0 million, up 337%. Net loss of $(25.6) million as compared to $(10.1) million. Adjusted EBITDA of $(19.8) million as compared to $(9.3) million.

News for SmartRent Stock (SMRT)