earnings
confidence high
sentiment positive
materiality 0.75
SmartRent reports FY 2022 revenue up 52% to $167.8M; SaaS revenue up 251%
SmartRent, Inc.
- FY revenue $167.8M (+52% YoY); Q4 revenue $40.6M (+17% YoY).
- FY SaaS revenue $27.8M (+251% YoY); SaaS ARPU rose 93% to $5.32.
- Q4 net loss $(21.4)M (improved 18% YoY); FY net loss $(96.3)M (up 34% YoY).
- Adjusted EBITDA Q4 $(14.1)M (improvement YoY); FY $(74.7)M (worsened 34%).
- Guidance: Q1 rev $55-58M, Adj EBITDA $(12)-$(8)M; FY rev $225-250M, Adj EBITDA $(25)-$(15)M.