secwatch.observer — SEC 8-K summary
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Issuer:     SmartRent, Inc. (SMRT)
CIK:        0001837014
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0000950170-24-025421
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SmartRent Q4 revenue up 49% YoY, first positive Adjusted EBITDA; $50M buyback authorized
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- Q4 revenue $60.3M (+49% YoY); SaaS revenue $11.6M (+43% YoY).
- Q4 Adj. EBITDA $0.7M (first positive), vs. $(14.1M) loss in Q4 2022.
- Cash $215.7M, no debt; $50M share repurchase authorized.
- Q1 2024 guidance: revenue $47-53M; full-year revenue $260-290M, Adj. EBITDA $5-8M.
- Units deployed 719,691; New Units deployed in 2023 down 17% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837014/000095017024025421/0000950170-24-025421-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837014/000095017024025421/smrt-20240304.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-025421

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