secwatch.observer — SEC 8-K summary
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Issuer:     SmartRent, Inc. (SMRT)
CIK:        0001837014
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000950170-23-020525
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SmartRent Q1 revenue $65.1M (+74% YoY); adjusted EBITDA loss narrows to $8.5M; guides FY revenue $225-250M
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- Revenue $65.1M, up 74% YoY and 60% QoQ; record quarter.
- Gross profit $9.1M (+292% YoY); margin 14.0% vs 9.7% prior quarter.
- Net loss $(13.2)M improved 44% YoY; adjusted EBITDA $(8.5)M improved 63% YoY.
- Cash $204.4M; operating cash burn $5.4M in Q1 vs avg $20.3M in 2022.
- Q2 guidance rev $50-55M, adj EBITDA $(7)-(3)M; FY rev $225-250M, adj EBITDA $(25)-(15)M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837014/000095017023020525/0000950170-23-020525-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837014/000095017023020525/smrt-20230510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-020525

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