secwatch.observer — SEC 8-K summary
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Issuer:     SmartRent, Inc. (SMRT)
CIK:        0001837014
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001564590-21-056212
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SmartRent Q3 revenue $35.1M (+112% YoY); cuts FY revenue guidance to $100-105M on supply chain
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837014/000156459021056212/0001564590-21-056212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837014/000156459021056212/smrt-8k_20211110.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-056212

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