SmartRent CEO Lucas Haldeman steps down; Q2 revenue $48.5M misses guidance; FY2024 outlook suspended

SmartRent, Inc.

Haldeman resigns as CEO and from Board; search for new CEO underway; Dorman appointed Chairman; operating committee formed.
Preliminary Q2 revenue $48.5M, down 9% YoY and below guidance range of $49-55M.
Net loss $4.6M (55% improvement YoY); adjusted EBITDA $0.9M above guidance range of ($0.5M)-$0.5M.
SaaS revenue grew 32% YoY to $12.8M.
Company suspends full-year 2024 outlook due to CEO transition, channel partner changes, and market headwinds.

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