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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The past few weeks have produced a consistent stream of bad news for department stores: There’s no indication that’s going to end anytime soon

Amazon Into Anchors, Foot Traffic Off, Stein Mart Out And Penney Sale: Bad Month For Dept. Stores

Stein Mart has filed for bankruptcy and now the retailer is kicking off going-out-of-business sales at all of its stores. Deals are for up to 30% off merchandise.

Bankrupted Stein Mart is closing all of its stores. Here's a map of where they are

It might have been a curse when Stein Mart described itself as the “Neiman Marcus of Discounters.” On Tuesday morning, the retailer filed for Chapter 11 bankruptcy protection.

After Straying From Its Roots And Battling Retail Changes, Stein Mart Is Reaching Its Final Sale

Stein Mart becomes the latest retailer to seek bankruptcy protection, but one of the few vowing to also largely get out of the brick and mortar business.

As Online Home Goods Sales Soar, Stein Mart Is Latest Retailer To Declare Bankruptcy

Discount retailer Stein Mart has filed for bankruptcy and plans to close most of its nearly 300 stores.

Stein Mart files for bankruptcy and will close most of its 300 stores

Stein Mart Inc. SMRT, -2.13% announced it has filed for chapter 11 bankruptcy on Wednesday, sending shares down 35.4% in premarket trading.

Stein Mart files for bankruptcy, stock sinks 35%

The off-price chain Stein Mart announced Wednesday it has filed for Chapter 11 bankruptcy protection and plans to permanently close most, if not all, of its stores, adding to the turmoil in a retail industry that has been hammered by the coronavirus pandemic.

Stein Mart files for bankruptcy and plans to close most, if not all, of its stores

JACKSONVILLE, Fla., Aug.  12, 2020  (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today announced that it and its subsidiaries (collectively, the “Company”) have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida – Jacksonville Division (the “Bankruptcy Court”). The Company has filed customary motions with the Bankruptcy Court that will authorize, upon Bankruptcy Court approval, the Company’s ability to maintain operations in the ordinary course of business, including, among other things, the payment of employee wages and benefits without interruption, payment of suppliers and vendors in the normal course of business, and the use of cash collateral. These motions are typical in the Chapter 11 process and the Company anticipates that they will be approved shortly after the commencement of its Chapter 11 case.

Stein Mart, Inc. Voluntarily Files Chapter 11 Bankruptcy

Stein Mart, Inc. (SMRT) CEO Hunt Hawkins on Q1 2020 Results - Earnings Call Transcript

Stein Mart (SMRT) earnings for the company's fiscal first quarter of 2020 have SMRT stock taking a beating after-hours Tuesday.
The post Stein Mart Earnings: SMRT Stock Tumbles 17% on Poor Q1 Performance appeared first on InvestorPlace.

Stein Mart Earnings: SMRT Stock Tumbles 17% on Poor Q1 Performance

JACKSONVILLE, Fla., June  30, 2020  (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today announced financial results for the first quarter ended May 2, 2020 and provided an update on its response to the COVID-19 pandemic. Results include $10.3 million of non-cash long-lived asset impairment charges which are preliminary and subject to adjustment.

Stein Mart, Inc. Reports First Quarter 2020 Results and Provides Update on COVID-19 Response

JACKSONVILLE, Fla., June  03, 2020  (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq: SMRT) today provided sales and a range of operating results for the first quarter ended May 2, 2020. The Company plans to release its complete first quarter financial results no later than June 30.

Stein Mart, Inc. Provides First Quarter 2020 Sales and Preliminary Operating Results

Launches Contactless Curbside Pickup Launches Contactless Curbside Pickup

Stein Mart Implements Enhanced Safety Measures as Stores Begin to Reopen

JACKSONVILLE, Fla., April  20, 2020  (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today announced that it qualifies for recently announced temporary relief from compliance with The Nasdaq Stock Market (Nasdaq) $1.00 minimum bid price requirement (the "Minimum Bid Price Requirement").

Nasdaq Temporary Relief Extends Stein Mart’s Listing Compliance Period

Stein Mart, Inc. SMRT, +1.92% and Kingswood Capital Management said late Friday they have mutually agreed to end their deal to take the Florida-based retailer private due to the uncertainty brewed by the coronavirus pandemic.

Stein Mart going-private deal derailed by coronavirus

JACKSONVILLE, Fla. and LOS ANGELES, April  16, 2020  (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) (“Stein Mart”) and Kingswood Capital Management, L.P. (“Kingswood”) today announced that the parties have mutually agreed to terminate their merger agreement, previously announced on January 31, 2020, under which an affiliate of Kingswood was to acquire all of the outstanding common stock of Stein Mart not already beneficially owned by affiliates of Jay Stein, Stein Mart’s former CEO and current Chairman of the Board of Directors, and related investors.

Stein Mart and Kingswood Announce Mutual Termination of Merger Agreement

JACKSONVILLE, Fla., March  31, 2020  (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today provided an update on actions it is taking, following its initial March 18, 2020 announcement related to the COVID-19 pandemic.

Stein Mart, Inc. Provides COVID-19 Business Update

JACKSONVILLE, Fla., March  18, 2020  (GLOBE NEWSWIRE) -- In response to the coronavirus (COVID-19) outbreak, Stein Mart, Inc. (NASDAQ: SMRT) today announced that it will temporarily close all stores at the end of business today, March 18, through March 31, 2020.

Stein Mart, Inc. Temporarily Closes All Stores in Response to COVID-19

The news that the troubled off-price hybrid retailer is going private via an equity buy-out raises the question once more whether this is any way to run a store

As Stein Mart Goes Private Will It Be Next To Be Saved…Or Savaged?

Discount retailer Stein Mart Inc. SMRT, +1.59% has agreed to be taken private by a unit of Kingswood Capital Management LP for 90 cents a share in cash, the company said Friday.

Retailer Stein Mart to be taken private by Kingswood Capital at 90 cents a share

Stein Mart Shareholders to Receive $0.90 per Share in Cash

Stein Mart Enters into Transaction to Become a Private Company

JACKSONVILLE, Fla., Jan.  07, 2020  (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today announced that it received approval from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") to transfer the listing of the Company's common stock from the Nasdaq Global Select Market to the Nasdaq Capital Market, effective January 8, 2020. The Company has also been granted an additional 180-day grace period, or until July 6, 2020, to regain compliance with Nasdaq's minimum bid price requirement (the "Minimum Bid Price Requirement"). The Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Select Market, and listed companies must meet certain financial requirements and comply with Nasdaq's corporate governance requirements. The Company's common stock will continue to trade under the symbol "SMRT."

Stein Mart Receives Approval from Nasdaq for Transfer of Listing to Nasdaq Capital Market

Donations Bring the Joy of Christmas to Underserved Children Donations Bring the Joy of Christmas to Underserved Children

Stein Mart Collects Over $700,000 and Thousands of Toys for U.S. Marine Toys for Tots

Stein Mart's (SMRT) third-quarter sales decline on lower store count. However, management is hopeful about the company's fourth-quarter performance.

Stein Mart (SMRT) Q3 Loss Narrows Y/Y, Sales Deteriorate

Stein Mart, Inc. (SMRT) CEO Hunt Hawkins on Q3 2019 Results - Earnings Call Transcript

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