earnings
confidence high
sentiment negative
materiality 0.80
SmartRent Q4 total revenue $35.4M (-41% YoY), SaaS up 17%; net loss widens to $(11.4)M
SmartRent, Inc.
- Total revenue $35.4M in Q4 2024, down 41% YoY; full year $174.9M, down 26%.
- SaaS revenue $13.6M in Q4 (+17% YoY); ARR grew to $54.4M from $46.2M.
- Net loss widened to $(11.4)M in Q4 vs $(3.3)M; full year net loss improved to $(33.6)M.
- Adjusted EBITDA $(7.4)M in Q4 vs $743K; full year $(9.9)M vs $(19.2)M.
- Repurchased 3.0M shares for $5.1M in Q4; $142.5M cash, no debt, $75M undrawn credit facility.