---
schema_version: "secwatch.filing_event.v1"
accession: "0001826000-23-000013"
form_type: "8-K"
ticker: "LTCH"
cik: "0001826000"
company_name: "Latch, Inc."
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:58:09.066953+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Latch restates 2019-2021 and Q1 2022; internal control deficiencies found

## Summary
- Consolidated financials for 2019, 2020, 2021, and Q1 2022 should not be relied upon; restatement underway.
- Revenue recognition errors stem from undisclosed customer terms, failure to assess collectability, and improper timing.
- Investigation uncovered additional errors in 2019 and 2020, expanding scope beyond initial 2021/Q1 2022 focus.
- At least one material weakness existed in internal controls over financial reporting for the Affected Periods.
- Bookings and related KPI metrics previously presented should no longer be relied upon.

## SEC filing metadata
- accession: 0001826000-23-000013
- form_type: 8-K
- ticker: LTCH
- cik: 0001826000
- company_name: Latch, Inc.
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826000/000182600023000013/0001826000-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826000/000182600023000013/lat-20230117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001826000-23-000013
- JSON: https://secwatch.observer/filing/0001826000-23-000013.json
- Plain text: https://secwatch.observer/filing/0001826000-23-000013.txt

## Key facts
- Auditor Changes
  Latch, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Deloitte & Touche LLP
  source text: the Audit Committee, after discussion with management, determined that, in addition to the Company’s consolidated financial statements for 2021 and the first quarter of 2022, the consolidated financial statements for 2019 and 2020 (all such interim and annual periods, the “Affected Periods”) should no longer be relied upon
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826000/000182600023000013/0001826000-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.