{"schema_version":"secwatch.filing_event.v1","accession":"0001826000-26-000044","form_type":"8-K","ticker":"LTCH","cik":"0001826000","company_name":"Latch, Inc.","filed_at":"2026-05-15T20:17:21+00:00","discovered_at":"2026-05-15T20:25:00.306589+00:00","generated_at":"2026-05-15T20:25:27.931123+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"DOOR (LTCH) Q1 2026: Software revenue up 19% to $6.1M; net loss narrows 47% to $5.9M","bullets":["Software revenue $6.1M (+19.1% YoY); total revenue essentially flat at $15.7M.","Net loss narrowed to $(5.9)M from $(11.3)M YoY, a 47.2% improvement.","Adjusted EBITDA loss reduced 45.7% to $(3.9)M; cash usage down $18.6M YoY.","Ended Q1 with $28.5M cash and investments; refinanced debt with Truist Bank revolver on improved terms.","Operating expenses decreased 25.6% to $13.8M reflecting disciplined expense management."],"urls":{"canonical":"https://secwatch.observer/filing/0001826000-26-000044","json":"https://secwatch.observer/filing/0001826000-26-000044.json","markdown":"https://secwatch.observer/filing/0001826000-26-000044.md","text":"https://secwatch.observer/filing/0001826000-26-000044.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1826000/000182600026000044/0001826000-26-000044-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1826000/000182600026000044/lat-20260515.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T20:25:27.931123+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aa550e3254b1bf02af3d0f6431e576b17fee4e0d","claim":"Latch, Inc. reported first quarter ended March 31, 2026 results: revenue $15.7 million, net income $(5.9) million.","evidence_excerpt":"Quarter 2026 Highlights ● Software revenue increased by 19.1% year-over-year to $6.1 million, driven by continued subscription growth on the DOOR platform. ● Total revenue was $15.7 million, essentially flat year-over-year, as software and hardware growth offset a reduction in services activity. ● Operating expenses decreased by 25.6% year-over-year to $13.8","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826000/000182600026000044/0001826000-26-000044-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$15.7 million"},{"label":"Net income","value":"$(5.9) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}