Latch files belated Q1 2025 10-Q; revenue up 31%, cash drops to $34.7M

Latch, Inc.

2025-FY EPS reported -$0.34 revenue$70,117,000

Q1 2025 total revenue $15.8M (+31% YoY), software revenue $5.2M (+2% YoY).
Net loss $(11.3)M improved 18% YoY; Adjusted EBITDA $(7.4)M worsened 22% YoY.
Preliminary cash & securities Dec 31, 2025: ~$34.7M, down from $75.4M a year earlier.
Outflows included ~$12M litigation/SEC investigation, $3.3M 2023 report fees, $3.6M engineering contractor transition.
Expects total cash outflows in 2026 to be 'meaningfully lower'; shares trade OTC under LTCH.

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