secwatch.observer — SEC 8-K summary
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Issuer:     SmartRent, Inc. (SMRT)
CIK:        0001837014
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0000950170-22-024538
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SmartRent Q3 revenue $47.5M record, up 12% QoQ; narrows full-year guidance to high end
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- Record total revenue $47.5M, up 12% sequentially and 35% YoY; SaaS ARR $31.8M (+264% YoY).
- Adjusted EBITDA improved to $(17.6)M from $(19.8)M in Q2; net loss $(26.0)M.
- Achieved 500,000 Units Deployed milestone; over 800,000 committed units in pipeline.
- Full-year 2022 revenue guidance narrowed to $165-180M (prior $155-180M); reaffirms Adjusted EBITDA $(75)-(70)M.
- Gross margin rose to 2.5%; hardware gross margin turned positive at 4.7%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837014/000095017022024538/0000950170-22-024538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837014/000095017022024538/smrt-20221110.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-024538

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