secwatch.observer — SEC 8-K summary
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Issuer:     SmartRent, Inc. (SMRT)
CIK:        0001837014
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0000950170-22-016873
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SmartRent Q2 revenue up 96% to $42.4M, net loss widens; cuts 2022 outlook on supply chain
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- Record Q2 revenue $42.4M (+96% YoY); SaaS ARR $30.6M (+337%); net loss widened to $25.6M.
- Adjusted EBITDA loss $19.8M vs $9.3M a year ago; gross margin improved to 2.3% from 1.3%.
- Revised FY2022 guidance downward citing unprecedented supply chain constraints; backlog at record levels.
- Deployed 60,329 new units (+153% YoY); total deployed units 451,010 (+113%).
- Appointed Terry Danner (ex-SightPlan CEO) as EVP of Sales; added to Russell 2000/3000 indexes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837014/000095017022016873/0000950170-22-016873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837014/000095017022016873/smrt-20220811.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-016873

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