Latch Q2 2026: Software revenue up 16.8% to $6.1M, net loss narrows 12.1%

Latch, Inc.

2026-Q2 EPS reported -$0.08 revenue$31,317,000

Software revenue $6.1M, up 16.8% YoY; total revenue $15.6M, down 18.1% YoY on lower hardware/services.
Net loss narrowed 12.1% to $(6.9)M; adjusted EBITDA loss narrowed 37.5% to $(3.6)M.
Reached settlement in principle with SEC Staff: $1.0M civil penalty payable in quarterly installments.
Announced restructuring to cut annualized operating costs by $10-12M via workforce reduction and exit of DOOR Property Management.
Launched DOOR Scout edge AI device and OpenDOOR developer platform; shares trade on OTC as LTCH.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.