Associated tags: SMRT, Software as a service, Software, Construction & Property, NYSE, Residential Building & Real Estate, Hardware, Commercial Building & Real Estate, Internet, Building Systems, Automation
Locations: US, NEW YORK CITY, NEW YORK, EASTERN, UNITED STATES, NORTH AMERICA, NEVADA, ARIZONA
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Video game Management is hosting an investor call to discuss results today, May 8, 2024, at 11:30 a.m. Eastern Time.
Key Points:
- Management is hosting an investor call to discuss results today, May 8, 2024, at 11:30 a.m. Eastern Time.
- “SmartRent is not just about creating smart homes; we are fundamentally changing the way people interact with their living environments,” said Lucas Haldeman, CEO of SmartRent.
- “This quarter, our growth in SaaS revenue by 32% year-over-year to $11.9 million reflects our commitment to elevating the resident and operator experience across the rental housing market.
- Operating expenses were $29.6 million in the first quarter of 2024, increasing from $24.4 million in Q1 2023.
Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of SmartRent, Inc. (“SmartRent” or the “Company”) (NYSE: SMRT ) investors concerning the Company’s possible violations of the federal securities laws.
Key Points:
- Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of SmartRent, Inc. (“SmartRent” or the “Company”) (NYSE: SMRT ) investors concerning the Company’s possible violations of the federal securities laws.
- You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
- On this news, SmartRent’s stock price fell $0.13, or 4.5%, to close at $2.76 per share on March 5, 2024, thereby injuring investors further.
- Whistleblower Notice: Persons with non-public information regarding SmartRent should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program.
Law Offices of Howard G. Smith announces an investigation on behalf of SmartRent, Inc. (“SmartRent” or the “Company”) (NYSE: SMRT ) investors concerning the Company’s possible violations of federal securities laws.
Key Points:
- Law Offices of Howard G. Smith announces an investigation on behalf of SmartRent, Inc. (“SmartRent” or the “Company”) (NYSE: SMRT ) investors concerning the Company’s possible violations of federal securities laws.
- Then, on March 5, 2024, SmartRent released its fourth quarter and full year 2023 financial results and disclosed that it was still “working through” lingering overhang from older contracts.
- On this news, SmartRent’s stock price fell $0.13, or 4.5%, to close at $2.76 per share on March 5, 2024, thereby injuring investors further.
- This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
The Law Offices of Frank R. Cruz announces an investigation of SmartRent, Inc. (“SmartRent” or the “Company”) (NYSE: SMRT ) on behalf of investors concerning the Company’s possible violations of federal securities laws.
Key Points:
- The Law Offices of Frank R. Cruz announces an investigation of SmartRent, Inc. (“SmartRent” or the “Company”) (NYSE: SMRT ) on behalf of investors concerning the Company’s possible violations of federal securities laws.
- If you are a shareholder who suffered a loss, click here to participate.
- On this news, SmartRent’s stock price fell $0.13, or 4.5%, to close at $2.76 per share on March 5, 2024, thereby injuring investors further.
- This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Commercial Building & Real Estate,
Software,
Construction & Property,
Building Systems,
Technology,
REIT,
Other Construction & Property,
Residential Building & Real Estate,
Water damage,
Internet of things,
Life,
Humidity,
Leak,
Communication,
SMRT,
Instrumentation SmartRent , Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), the leading provider of smart communities and smart operations solutions for the rental housing industry, today announced the launch of its Alloy SmartHome Leak Sensor+.
Key Points:
- SmartRent , Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), the leading provider of smart communities and smart operations solutions for the rental housing industry, today announced the launch of its Alloy SmartHome Leak Sensor+.
- Even with increased performance features, Leak Sensor+ will be offered at the same price point as previous sensor models.
- “To date, SmartRent has saved more than 134,000 floors from potential damage with our leak detection technology.
- Leak Sensor+ is our latest device designed from the ground up to improve detection proficiency and accuracy while augmenting the greater smart home ecosystem,” said SmartRent CEO Lucas Haldeman.
SmartRent, Inc. (NYSE: SMRT), a leading provider of smart communities and smart operations solutions for the rental housing industry, today announced it will release first quarter of financial year 2024 results and host a conference call on Wednesday, May 8.
Key Points:
- SmartRent, Inc. (NYSE: SMRT), a leading provider of smart communities and smart operations solutions for the rental housing industry, today announced it will release first quarter of financial year 2024 results and host a conference call on Wednesday, May 8.
- First quarter 2024 financial results will be released before the market opens and, at 11:30 a.m.
- ET, Lucas Haldeman, Chief Executive Officer, and Daryl Stemm, Chief Financial Officer, will host a conference call and webcast to discuss the Company’s performance.
- To avoid delays, participants are encouraged to dial into the conference call 15 minutes ahead of the scheduled start time.
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Management SmartRent , Inc. (NYSE: SMRT), the leading provider of smart communities and smart operations solutions for the rental housing industry, today announced the addition of Alison Dean, a renowned corporate technology and finance expert, and former iRobot CFO (NASDAQ: IRBT), to its Board of Directors and Audit Committee.
Key Points:
- SmartRent , Inc. (NYSE: SMRT), the leading provider of smart communities and smart operations solutions for the rental housing industry, today announced the addition of Alison Dean, a renowned corporate technology and finance expert, and former iRobot CFO (NASDAQ: IRBT), to its Board of Directors and Audit Committee.
- SmartRent retained Korn Ferry, a notable executive recruiting firm, to conduct the search to fill the company’s open board seat.
- Dean currently sits on the board of directors for several well-known organizations spanning industries, including Yeti (NYSE: YETI) and Everbridge (NASDAQ: EVBG).
- “We’re honored to welcome Alison to the SmartRent Board of Directors and Audit Committee,” said SmartRent CEO Lucas Haldeman.
Commercial Building & Real Estate,
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Adjustment,
Software as a service,
Community Adjusted EBITDA of $0.7 million and $(19.2) million for Q4 and full year 2023, respectively.
Key Points:
- Adjusted EBITDA of $0.7 million and $(19.2) million for Q4 and full year 2023, respectively.
- Q4 2023 was our first period of generating a positive Adjusted EBITDA compared to Q4 2022 loss of $(14.1) million and fiscal year 2022 loss of $(74.7) million.
- “In the fourth quarter we achieved our two-year goal to become Adjusted EBITDA profitable, marking a new inflection point in our company's history," said SmartRent CEO Lucas Haldeman.
- Adjusted EBITDA was $0.7 million for Q4 2023, a $5.8 million improvement from Q3, and $(14.1) million in Q4 2022.
Retrieved on:
Tuesday, February 13, 2024
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Software Though we engaged with management privately on multiple occasions, our line of questioning about corporate governance prompted a swift referral to external counsel.
Key Points:
- Though we engaged with management privately on multiple occasions, our line of questioning about corporate governance prompted a swift referral to external counsel.
- We are calling on SmartRent's management team and Board to promptly address and clarify the unresolved issues outlined below, and we urge fellow shareholders to do the same.
- We believe software revenue, which is recurring and high margin, is the main contributor to SmartRent's enterprise value.
- However, Mr. Haldeman has increasingly minimized the significance of new units as a KPI4, defensively and ex post facto, in our view.
Commercial Building & Real Estate,
Technology,
Construction & Property,
Other Retail,
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SMRT SmartRent, Inc. (NYSE: SMRT), a leading provider of smart communities and smart operations solutions for the rental housing industry, today announced it will release fourth quarter and financial year 2023 results and host a conference call on Tuesday, March 5.
Key Points:
- SmartRent, Inc. (NYSE: SMRT), a leading provider of smart communities and smart operations solutions for the rental housing industry, today announced it will release fourth quarter and financial year 2023 results and host a conference call on Tuesday, March 5.
- Fourth quarter and year- end 2023 financial results will be released before the market opens and, at 10:30 a.m.
- ET, Lucas Haldeman, Chief Executive Officer, and Daryl Stemm, Chief Financial Officer, will host a conference call and webcast to discuss the Company’s performance.
- To avoid delays, participants are encouraged to dial into the conference call 15 minutes ahead of the scheduled start time.
