SmartRent Q1 revenue $37.4M (+95% YoY); net loss $(23.4)M; record bookings $72M

SmartRent, Inc.

2023-Q1 EPS reported -$0.12 revenue$37,359,000

Revenue $37.4M, up 95% YoY; net loss $(23.4)M vs $(9.3)M; adjusted EBITDA loss $(23.1)M vs $(8.4)M.
Record bookings of $72.0M (+122% YoY) and 91,482 units booked (+101% YoY).
Acquired SightPlan for ~$135M in cash; expects ~$10M SaaS revenue contribution in last three quarters of 2022.
Appointed Hiroshi Okamoto as CFO and Robyn Young as CMO, completing executive team build-out.
Cash $286.4M as of March 31, 2022; no debt; maintains full-year 2022 guidance.

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