Complete financial analysis of SmartRent, Inc. (SMRT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of SmartRent, Inc., a leading company in the Software – Application industry within the Technology sector.
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SmartRent, Inc. (SMRT)
About SmartRent, Inc.
SmartRent, Inc., an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States. Its solution is designed to provide communities with visibility and control their assets while delivering cost savings and additional revenue opportunities through all-in-one home control offerings for residents. The company's products and solutions include smart apartments and homes, access control for buildings, common areas, rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident Wi-Fi. It also offers professional services to customers, which include training, installation, and support services. SmartRent, Inc. was founded in 2017 and is headquartered in Scottsdale, Arizona.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 236.84M | 167.82M | 110.64M | 52.53M | 36.23M |
| Cost of Revenue | 187.31M | 166.47M | 120.71M | 56.83M | 37.29M |
| Gross Profit | 49.53M | 1.35M | -10.07M | -4.30M | -1.06M |
| Gross Profit Ratio | 20.91% | 0.80% | -9.10% | -8.18% | -2.92% |
| Research & Development | 28.81M | 29.42M | 21.57M | 9.41M | 7.73M |
| General & Administrative | 44.67M | 55.31M | 25.99M | 16.58M | 12.38M |
| Selling & Marketing | 19.21M | 20.87M | 14.02M | 5.43M | 3.26M |
| SG&A | 63.88M | 76.18M | 40.01M | 22.01M | 15.65M |
| Other Expenses | 0.00 | 595.00K | 55.00K | -685.00K | 0.00 |
| Operating Expenses | 92.69M | 105.60M | 61.58M | 31.42M | 29.05M |
| Cost & Expenses | 280.00M | 272.07M | 182.29M | 88.25M | 66.34M |
| Interest Income | 0.00 | 1.95M | 249.00K | 559.00K | 158.00K |
| Interest Expense | 0.00 | 1.95M | 249.00K | 559.00K | 0.00 |
| Depreciation & Amortization | 5.53M | 5.67M | 1.08M | 756.00K | 59.00K |
| EBITDA | -37.63M | -96.04M | -71.13M | -35.65M | -24.38M |
| EBITDA Ratio | -15.89% | -59.58% | -64.29% | -68.73% | -67.27% |
| Operating Income | -43.16M | -104.25M | -71.65M | -35.72M | -24.43M |
| Operating Income Ratio | -18.22% | -62.12% | -64.76% | -67.99% | -67.44% |
| Total Other Income/Expenses | 8.46M | 2.54M | -194.00K | -1.24M | -427.00K |
| Income Before Tax | -34.70M | -101.71M | -71.85M | -36.96M | -30.26M |
| Income Before Tax Ratio | -14.65% | -60.61% | -64.94% | -70.35% | -83.52% |
| Income Tax Expense | -108.00K | -5.39M | 115.00K | 149.00K | 3.21M |
| Net Income | -34.59M | -96.32M | -71.96M | -37.11M | -33.47M |
| Net Income Ratio | -14.60% | -57.40% | -65.04% | -70.64% | -92.37% |
| EPS | -0.17 | -0.49 | -0.37 | -3.58 | -36.34 |
| EPS Diluted | -0.17 | -0.49 | -0.37 | -3.58 | -36.34 |
| Weighted Avg Shares Out | 200.70M | 195.58M | 193.86M | 10.38M | 921.00K |
| Weighted Avg Shares Out (Dil) | 200.70M | 195.58M | 193.86M | 10.38M | 921.00K |
Stakeholders Are Urged To Contact The Schall Law Firm About A Securities Fraud Investigation Into SmartRent, Inc.
LOS ANGELES, CA / ACCESSWIRE / September 13, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SmartRent, Inc. ("SmartRent" or "the Company") (NYSE:SMRT) for violations...
SmartRent Inc May Have Committed Securities Law Violations And The Schall Law Firm Seeks Investor Participation In An Inquiry
LOS ANGELES, CA / ACCESSWIRE / September 12, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SmartRent, Inc. ("SmartRent" or "the Company") (NYSE:SMRT) for violations...
The Schall Law Firm Is Looking Into Whether SmartRent, Inc. Defrauded Shareholders And Individuals With Losses Should Reach Out
LOS ANGELES, CA / ACCESSWIRE / September 11, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SmartRent, Inc. ("SmartRent" or "the Company") (NYSE:SMRT) for violations...
Securities Law Violations May Have Been Committed By SmartRent Inc And The Schall Law Firm Urges Investors To Join An Inquiry
LOS ANGELES, CA / ACCESSWIRE / September 10, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SmartRent, Inc. ("SmartRent" or "the Company") (NYSE:SMRT) for violations...
The Schall Law Firm Is Looking Into Whether SmartRent, Inc. Defrauded Investors And Public Participation Is Encouraged
LOS ANGELES, CA / ACCESSWIRE / September 9, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SmartRent, Inc. ("SmartRent" or "the Company") (NYSE:SMRT) for violations...
SmartRent Inc May Have Violated Securities Regulations And Shareholders With Losses Should Contact The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / September 7, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SmartRent, Inc. ("SmartRent" or "the Company") (NYSE:SMRT) for violations...
The Schall Law Firm Is Looking Into Whether SmartRent, Inc. Committed Securities Fraud And Impacted Investors Should Reach Out
LOS ANGELES, CA / ACCESSWIRE / September 6, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SmartRent, Inc. ("SmartRent" or "the Company") (NYSE:SMRT) for violations...
SmartRent Inc May Have Violated Securities Regulations And Stockholders Are Urged To Assist The Schall Law Firm's Investigation
LOS ANGELES, CA / ACCESSWIRE / September 5, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SmartRent, Inc. ("SmartRent" or "the Company") (NYSE:SMRT) for violations...
The Schall Law Firm Is Looking Into SmartRent Inc.'s Possible Securities Law Infractions And The Firm Seeks Investor Participation
LOS ANGELES, CA / ACCESSWIRE / September 4, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SmartRent, Inc. ("SmartRent" or "the Company") (NYSE:SMRT) for violations...
SmartRent Inc May Have Violated Securities Laws And Stockholders Can Assist The Schall Law Firm's Investigation
LOS ANGELES, CA / ACCESSWIRE / September 3, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SmartRent, Inc. ("SmartRent" or "the Company") (NYSE:SMRT) for violations...
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