secwatch.observer — SEC 8-K summary
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Issuer:     Latch, Inc. (LTCH)
CIK:        0001826000
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001826000-24-000076
Event type: regulatory
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826000/000182600024000076/0001826000-24-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826000/000182600024000076/lat-20241219.htm
  HTML page:      https://secwatch.observer/filing/0001826000-24-000076

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