Highest-materiality recent filing
Latch Q2 2026: Software revenue up 16.8% to $6.1M, net loss narrows 12.1%
Software revenue $6.1M, up 16.8% YoY; total revenue $15.6M, down 18.1% YoY on lower hardware/services.
DOOR (Latch) announces restructuring: cuts 32% workforce, exits property management
Reduces workforce by ~65 employees (32% of total); expects $10-12M annualized cost savings.
U.S. District Court granted preliminary approval of derivative settlement on July 20, 2026.
DOOR (LTCH) Q1 2026: Software revenue up 19% to $6.1M; net loss narrows 47% to $5.9M
Software revenue $6.1M (+19.1% YoY); total revenue essentially flat at $15.7M.
Latch (DOOR) FY2025 revenue $70.1M (+24% YoY); Adj. EBITDA loss narrows 25%
Total revenue $70.1M, up 24% YoY; software revenue $22.1M, up 9% YoY.
Latch (DOOR) becomes current on SEC filings, Q3 revenue up 17% YoY, net loss narrows 61%
Filed Q3 2025 10-Q, first time current since mid-2022; expects shares to move to OTC Pink Limited.
Latch (DOOR) reports Q2 2025 revenue $19.1M (+47% YoY); net loss improves 54%
Software revenue $5.2M (+4% YoY); total revenue $19.1M (+47% YoY).
Latch files belated Q1 2025 10-Q; revenue up 31%, cash drops to $34.7M
Q1 2025 total revenue $15.8M (+31% YoY), software revenue $5.2M (+2% YoY).
Latch (DOOR) files 2024 reports; revenue up 26% to $56.6M, net loss improves 46%
Software revenue $20.3M (+14% YoY); total revenue $56.6M (+26% YoY); net loss $(57.6)M (46% improvement).
Software revenue $17.8M (+37% YoY); total revenue $45.0M (+5% YoY).
Latch appoints David Lillis CEO, Jeff Mayfield CFO; interim leaders step down as restatement ends
David Lillis named CEO (base $500k, target bonus 50%, cash program $300k/yr); previously SVP Finance.
Latch completes restatement of 2022 financials; files delinquent 10-K and 10-Qs
Restated 2022 annual net loss $162.3M; 2021 restated net loss $167.1M; 2020 restated net loss $67.4M.
Jamie Siminoff steps down as Chief Strategy Officer effective Dec 31, 2024, will serve as advisor ('Doorman') through Dec 2026.
Jason Mitura appointed CPO effective Aug 16, 2024; previously CPO at Ring, base salary $350,000.
Latch refinances $6M term loan with Customers Bank, issues warrant for 1M shares at $1.25
Amended & restated loan agreement: $6M term loan, interest rate greater of prime or 6.0%, due July 15, 2029.
Latch completes acquisition of HelloTech, assumes ~$6.9M debt; negotiating new $6M loan with warrant
Merger closed July 1, 2024: HelloTech became wholly owned subsidiary; its stockholders received no consideration.
Latch to acquire HelloTech to form DOOR Services; assumes $6.9M debt with $0.9M forgiveness
Acquisition of HelloTech for assumption of ~$6.9M debt plus up to $250k expenses; no equity consideration to HelloTech holders.
Nasdaq files Form 25 to delist Latch, Inc.; effective April 1, 2024
Nasdaq filed Form 25 on March 21, 2024 to remove Latch securities from listing.
Latch restatement not to be completed in 2023; Siminoff gets $1.55M, Lillis $475K in additional cash
Restatement of 2019-2021 and Q1 2022 financials will not be completed during 2023; no estimated timeframe.
Latch receives Nasdaq bid price deficiency notice; stock already suspended
Received Nasdaq notice on Sept 19, 2023 for minimum bid price non-compliance (closing bid below $1 for 30 consecutive days).
Latch closes HDW acquisition; HDW's FY22: $0 revenue, $1.4M net loss, $21.8M preferred raised
Acquisition closed July 3, 2023; this amendment adds audited FY22 and unaudited Q1 2023 financials.
Nasdaq to suspend Latch trading Aug 10, delist due to filing failures; restatement ongoing
Nasdaq Panel determined to suspend trading Aug 10, 2023 and commence delisting for failure to comply with periodic filing rule.
Latch expects Nasdaq delisting after missing filing deadline; plans OTC trading
Latch notified Nasdaq it cannot file delinquent reports by Aug 4, 2023 deadline due to restatement delays.
Latch cuts 59% workforce (82 employees) after HDW acquisition; CTO departs, new CFO appointed
Reduces U.S./Taiwan headcount by ~59% (82 employees) by Nov 1, 2023; expects $5.3-5.8M cash restructuring charges.
Latch completes Honest Day’s Work acquisition; Jamie Siminoff to become CEO later this year
Consideration: ~29M shares of Latch common stock and $22M in unsecured promissory notes.
Latch receives additional Nasdaq non-compliance notice for Q1 2023 filing delay
On May 16, 2023, Latch received Nasdaq notice for failure to timely file Q1 2023 10-Q.
Latch acquires Honest Day's Work; Jamie Siminoff to become CEO later in 2023
Consideration: ~29.0M shares of common stock and $22.0M unsecured promissory notes.
Latch gets Nasdaq extension to Aug 4, 2023 for listing compliance; still faces delisting risk
Nasdaq Hearings Panel granted continued listing on Global Select Market conditional on filing by Aug 4, 2023.
Court of Chancery granted order validating Share Increase Amendment (authorized shares from 275M to 1B) and New Certificate of Incorporation as of June 4, 2021.
Latch files Delaware Chancery petition to validate 1B-share increase after Boxed ruling
Filed §205 petition to validate Second Amended Certificate (raising authorized shares from 275M to 1B) and all shares issued.
Latch gets Nasdaq Panel stay extension; delisting hearing March 23
Nasdaq Hearings Panel granted extension of automatic stay of suspension pending hearing on March 23, 2023.
Received Staff Delisting Determination on Feb 7, 2023 for non-compliance with Nasdaq Listing Rule 5250(c)(1).
Latch restates 2019-2021 and Q1 2022; internal control deficiencies found
Consolidated financials for 2019, 2020, 2021, and Q1 2022 should not be relied upon; restatement underway.
Latch receives Nasdaq bid-price delisting notice; also flags missed 10-Q deadlines
Received Nasdaq notice on Jan 11, 2023 for common stock closing bid below $1.00 for 30 consecutive days.
Luke Schoenfelder resigned as CEO and Chairman, effective Jan 11; receives $708,000 severance.
Latch receives Nasdaq non-compliance notice for late Q3 10-Q filing
Nasdaq notified Latch on Nov 14, 2022 for failing to file Q3 Form 10-Q by due date.
Latch restates 2021 and Q1 2022 financials due to revenue recognition errors
Audit Committee investigation launched Aug 10, 2022; non-reliance determined Aug 19, 2022.
Latch receives Nasdaq delisting notice for failure to file Q2 2022 10-Q
Nasdaq notified Latch of non-compliance with Listing Rule 5250(c)(1) due to delayed Q2 2022 Form 10-Q.
appointed David Lillis as Chief Executive Officer, Jeff Mayfield as Chief Financial Officer and Priyen Patel as Chief Strategy and Legal Officer (collectively, the “Appointed Officers”), effective on the Announcement Date.
appointed David Lillis as Chief Executive Officer, Jeff Mayfield as Chief Financial Officer and Priyen Patel as Chief Strategy and Legal Officer (collectively, the “Appointed Officers”), effective on the Announcement Date.
appointed David Lillis as Chief Executive Officer, Jeff Mayfield as Chief Financial Officer and Priyen Patel as Chief Strategy and Legal Officer (collectively, the “Appointed Officers”), effective on the Announcement Date.
On February 4, 2025, Jason Keyes, Interim Chief Executive Officer, and Marc Landy, Interim Chief Financial Officer, provided notice of their resignations from their positions with the Company effective as of the Announcement Date.
On February 4, 2025, Jason Keyes, Interim Chief Executive Officer, and Marc Landy, Interim Chief Financial Officer, provided notice of their resignations from their positions with the Company effective as of the Announcement Date.
Jamie Siminoff, the Company’s Chief Strategy Officer, mutually agreed that Mr. Siminoff would step down as the Company’s Chief Strategy Officer on December 31, 2024 (the “Siminoff Separation Date”).
On the Effective Date, the Board also appointed Jason Mitura as the Company’s Chief Product Officer beginning August 16, 2024.
Beginning July 10, 2023, Luciano Panaro will serve as the Company’s Chief Technology Officer.
mutually agreed that Mr. Jones would step down as the Company’s Chief Technology Officer
Pursuant to the Employment Agreement, Mr. Lillis will serve as Senior Vice President of Finance beginning on July 17, 2023 (the “Start Date”) and is expected to be appointed as Chief Financial Officer of the Company later in 2023.
Barry Schaeffer, Interim Chief Financial Officer (“CFO”) and Treasurer of Latch, Inc. (collectively with its subsidiaries, the “Company”), resigned as the Company’s Interim CFO and Treasurer, effective as of January 11, 2023.
Effective as of the Effective Date, the Board appointed Marc Landy as interim CFO until a permanent CFO is identified.
Max materiality 0.90 · Median 0.65 · Most common event other_material