secwatch.observer — SEC 8-K summary
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Issuer:     SmartRent, Inc. (SMRT)
CIK:        0001837014
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0000950170-22-009318
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837014/000095017022009318/0000950170-22-009318-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837014/000095017022009318/smrt-20220511.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-009318

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