secwatch.observer — SEC 8-K summary
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Issuer:     SmartRent, Inc. (SMRT)
CIK:        0001837014
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0000950170-25-103551
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SmartRent Q2 revenue down 21% to $38.3M; net loss widens to $10.9M
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- Revenue $38.3M (-21% YoY); SaaS revenue +10% to $14.2M; Hardware revenue -39% to $15.1M.
- Net loss $(10.9)M vs $(4.6)M YoY; Adjusted EBITDA $(7.3)M vs $0.9M prior year.
- Expanding cost reduction program to $30M annualized savings; targeting cash flow neutrality by exit 2025.
- Units Deployed +10% to 847,956; Units Booked 24,319 (best quarterly in past year).
- Cash $105M, no debt, $75M undrawn revolver; repurchased 4.1M shares for $3.7M in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837014/000095017025103551/0000950170-25-103551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837014/000095017025103551/smrt-20250806.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-103551

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