secwatch.observer — SEC 8-K summary
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Issuer:     SmartRent, Inc. (SMRT)
CIK:        0001837014
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0000950170-23-039390
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837014/000095017023039390/0000950170-23-039390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837014/000095017023039390/smrt-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-039390

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