M&A
confidence high
sentiment positive
materiality 0.85
SmartRent acquires SightPlan for $135M; Q4 revenue up 155% to $34.7M
SmartRent, Inc.
- Acquired SightPlan for $135M cash (closed 3/22/22); expected to add ~$10M SaaS revenue in 2022.
- Q4 revenue $34.7M (+155% YoY); FY revenue $110.6M (+111% YoY).
- Q4 net loss $26.0M; FY net loss $72.0M; Adjusted EBITDA losses widened to $21.8M (Q4) and $55.6M (FY).
- Aggregate deployed+committed units exceeded 1.08M units; cash $432.1M, no debt outstanding.