SmartRent raises FY2021 revenue guidance to $106-$109M; units deployed up 100% YoY

SmartRent, Inc.

2022-FY EPS reported -$0.96 revenue$110,637,000

Preliminary FY2021 revenue range $106M-$109M, above prior guidance of $100M-$105M.
Full-year units deployed ~167,000 (+100% YoY); Q4 deployed ~51,000 (+69% YoY).
Units booked FY2021 ~219,000 (+95% YoY); customer base grew 62% to 230.
Acquired iQuue, adding ~16,000 deployed units and 100,000 committed units; expected ~$2M ARR in 2022.
Full 2021 results and 2022 guidance expected in March 2022.

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