SmartRent Q2 revenue $53.4M (+26% YoY); Adj. EBITDA loss narrows 68%; tightens FY guidance

SmartRent, Inc.

2023-Q2 EPS reported -$0.12 revenue$118,481,000

Revenue $53.4M (+26% YoY); gross profit $9.9M (+900% YoY); net loss $(10.3)M, 60% better YoY.
Adjusted EBITDA $(6.4)M, fifth consecutive quarterly improvement; targets breakeven by year-end.
SaaS ARR $38.8M (+8% QoQ); total units deployed 650,324 (+44% YoY); SaaS gross margin 75.1%.
ADI Global Distribution named preferred partner to reduce inventory and improve cash flow.
FY 2023 guidance tightened: revenue $233-250M; Adj. EBITDA $(22)-$(18)M vs prior $(25)-$(15)M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SmartRent, Inc. reported the three months ended June 30, 2023 results: revenue $53.4 million, net income $(10.3) million. Guidance raised.

Period: the three months ended June 30, 2023
Revenue: $53.4 million
Net income: $(10.3) million
Guidance: raised
Result: reported results

Exact text from the filing

Management is hosting an investor call to discuss results today, August 8, 2023, at 12:30 p.m. Eastern Time. Second Quarter 2023 Financial and Business Highlights • Revenue of $53.4 million, up 26% year-over-year. • Gross profit of $9.9 million, up 900% year-over-year. • Net loss of $(10.3) million, a 60% improvement year-over-year. • Adjusted EBITDA of $(6.4)

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

SmartRent, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-039390

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.