secwatch.observer — SEC 8-K summary
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Issuer:     Latch, Inc. (LTCH)
CIK:        0001826000
Form:       8-K
Filed at:   2026-08-10T12:14:41+00:00
Accession:  0001826000-26-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826000/000182600026000050/0001826000-26-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826000/000182600026000050/tmb-20260810x8k.htm
  HTML page:      https://secwatch.observer/filing/0001826000-26-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer