secwatch.observer — SEC 8-K summary
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Issuer:     SmartRent, Inc. (SMRT)
CIK:        0001837014
Form:       8-K
Filed at:   2022-03-24T23:59:59+00:00
Accession:  0000950170-22-004553
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SmartRent acquires SightPlan for $135M; Q4 revenue up 155% to $34.7M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837014/000095017022004553/0000950170-22-004553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837014/000095017022004553/smrt-20220321.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-004553

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer