M&A
confidence high
sentiment neutral
materiality 0.65
Latch closes HDW acquisition; HDW's FY22: $0 revenue, $1.4M net loss, $21.8M preferred raised
Latch, Inc.
- Acquisition closed July 3, 2023; this amendment adds audited FY22 and unaudited Q1 2023 financials.
- HDW had zero revenue and net loss of $1.388M in 2022, with R&D expense $786,850 and G&A $601,176.
- HDW raised $21.8M in Series A preferred stock (net) and held $20.6M cash at Dec 31, 2022; liabilities $155,565.
- Latch's ongoing restatement of its own FY22 financials delays filing of pro forma combined information.