Latch completes restatement of 2022 financials; files delinquent 10-K and 10-Qs

Latch, Inc.

Restated 2022 annual net loss $162.3M; 2021 restated net loss $167.1M; 2020 restated net loss $67.4M.
Adjusted EBITDA for 2022: -$118.6M; 2021: -$103.9M; 2020: -$56.0M.
Errors corrected include revenue recognition of hardware/software, expenses, stock-based compensation.
Company still needs to file 2023 and 2024 reports; expects 2023 filing in Q1 2025.
Total revenue 2022: $43.0M; software revenue $13.0M vs $7.4M in 2021.

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