earnings
confidence high
sentiment negative
materiality 0.75
SmartRent Q3 revenue $35.1M (+112% YoY); cuts FY revenue guidance to $100-105M on supply chain
SmartRent, Inc.
2022-Q3 EPS reported
-$1.31
revenue$75,969,000
- Revenue $35.1M (+112% YoY); net loss $(0.31)/share vs $(1.07); adjusted EBITDA $(16.1)M.
- Deployed 59,347 units (+111% YoY); total deployed 270,772; committed units >704,000.
- SaaS ARR $8.7M (+158%); deferred revenue $84.7M (+100% YoY).
- Cuts FY2021 revenue guidance to $100-105M from $119M due to supply chain restraints on Fusion Hub and Alloy Access.
- Recorded $5.7M warranty charge related to battery defect in SmartHubs.