Latch files delayed 2023 SEC reports; software revenue up 37% to $17.8M; net loss improves 34% to $(107.5)M

Latch, Inc.

Software revenue $17.8M (+37% YoY); total revenue $45.0M (+5% YoY).
Net loss $(107.5)M, a 34% improvement from $(162.3)M in 2022.
Adjusted EBITDA $(68.5)M, a 42% improvement from $(118.6)M.
Cash and equivalents ~$75M as of Dec 31, 2024, down ~$104M during 2024 due to non-ordinary items.
Expects lower cash outflows in 2025; targets positive cash flow in 2026.

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