See more : Arlington Asset Investment Corp. 6.75% SR NT 25 (AIC) Income Statement Analysis – Financial Results
Complete financial analysis of Latch, Inc. (LTCH) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Latch, Inc., a leading company in the Software – Application industry within the Technology sector.
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Latch, Inc. (LTCH)
About Latch, Inc.
Latch, Inc. operates as an enterprise technology company in the United States and Canada. The company offers LatchOS, an operating system that extends smart access, delivery and guest management, smart home and sensors, connectivity, and personalization and services. Its software products include Latch Resident Mobile Applications, Latch Manager Web, and the Latch Manager Mobile Applications. The company also offers hardware devices that include M, C, and R series door-mounted access control products; Latch Intercom, which integrates into the Latch core access systems and allows audio and video calls for remote unlocking; Latch Camera, a dome camera; Latch Hub, a connectivity solution that enables smart access, smart home, and sensor devices at various buildings; and Latch Leak Detector, a solution to enable leak prevention, detection, and resolution for building owners and residents. In addition, it provides NFC unlock on Android that allows the user to unlock their door without even opening their phone; Latch Visitor Express, a contactless visitor entry system; and LatchID, an identification system. The company is headquartered in New York, New York.
| Metric | 2021 | 2020 | 2019 |
|---|---|---|---|
| Revenue | 41.36M | 18.06M | 14.89M |
| Cost of Revenue | 44.04M | 20.24M | 17.30M |
| Gross Profit | -2.68M | -2.18M | -2.41M |
| Gross Profit Ratio | -6.47% | -12.06% | -16.19% |
| Research & Development | 45.85M | 25.31M | 18.34M |
| General & Administrative | 61.82M | 19.80M | 15.15M |
| Selling & Marketing | 34.99M | 13.13M | 13.08M |
| SG&A | 96.80M | 32.92M | 28.23M |
| Other Expenses | 3.24M | 1.38M | 723.00K |
| Operating Expenses | 145.89M | 59.62M | 47.29M |
| Cost & Expenses | 189.93M | 79.86M | 64.59M |
| Interest Income | 0.00 | 2.26K | 443.00 |
| Interest Expense | 7.78M | 0.00 | 0.00 |
| Depreciation & Amortization | 3.24M | 1.38M | 723.00K |
| EBITDA | -145.33M | -60.17M | -48.98M |
| EBITDA Ratio | -351.38% | -328.63% | -322.86% |
| Operating Income | -141.64M | -61.80M | -49.70M |
| Operating Income Ratio | -342.46% | -342.16% | -333.87% |
| Total Other Income/Expenses | -24.63M | -5.24M | -473.00K |
| Income Before Tax | -166.27M | -65.99M | -50.18M |
| Income Before Tax Ratio | -402.00% | -365.35% | -337.05% |
| Income Tax Expense | 53.00K | 8.00K | 50.00K |
| Net Income | -166.32M | -65.99M | -50.23M |
| Net Income Ratio | -402.13% | -365.40% | -337.38% |
| EPS | -1.92 | -0.47 | -0.36 |
| EPS Diluted | -1.92 | -0.47 | -0.36 |
| Weighted Avg Shares Out | 86.47M | 141.26M | 141.26M |
| Weighted Avg Shares Out (Dil) | 86.47M | 141.26M | 141.26M |
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Source: https://incomestatements.info
Category: Stock Reports