Welcome to our dedicated page for LATCH news (Ticker: LTCH), a resource for investors and traders seeking the latest updates and insights on LATCH stock.
LATCH INC (symbol: LTCH) is dedicated to innovating access solutions for modern buildings. With a unique blend of decades worth of expertise in creating highly reliable locks and the experience in designing iconic technology products, Latch has developed a product line that stands out for its strength, simplicity, and aesthetic appeal.
The company's core business revolves around creating a secure and seamless access experience for residents and property managers alike. Their flagship products include smart locks, intercom systems, and access control software tailored for residential and commercial buildings. This integration of hardware and software ensures that properties are secure while offering convenience and modern appeal.
Recently, Latch has been focusing on expanding its presence in the real estate technology market by forging strategic partnerships with leading property developers and management companies. The company's innovative solutions have been widely adopted across various urban centers, further solidifying its position as a key player in the industry.
In terms of financial condition, Latch has shown a steady growth trajectory, bolstered by increasing market demand for smart building solutions. Their ongoing projects include developing new product lines that enhance building security and user convenience, as well as optimizing their existing technology for better performance and reliability.
LATCH INC continues to push the boundaries of what is possible in building access technology, aiming to make access easier, safer, and more intuitive for everyone.
Latch, Inc. (NASDAQ: LTCH) will report its financial results for Q4 and the year ending December 31, 2021, on February 24, 2022, after market close. The company will hold a conference call for investors and analysts at 5:00 p.m. ET on the same day to discuss these results. Investors can dial in or access the live webcast on the Latch website. The company provides LatchOS, a SaaS platform, and has a presence in over 43 states, with more than 10% of new U.S. apartments featuring its products.
Latch, Inc. (NASDAQ: LTCH) has achieved significant recognition, ranking #101 on the Deloitte Technology Fast 500™. This ranking underscores Latch's rapid revenue growth from 2017 to 2020. The company's innovations include LatchOS, enhancing real estate management. In 2021, Latch went public and introduced several new products and partnerships, strengthening its market position.
Serve Robotics announced the appointment of Euan Abraham as Senior Vice President of Hardware Engineering, effective January 2022. With over two decades of experience, Abraham has previously held senior positions at notable companies like Apple and GoPro. His leadership is expected to enhance the development of Serve's sustainable, self-driving delivery robots. The company aims to expand its contactless delivery services in more cities, backed by support from investors like Uber. Serve Robotics has completed tens of thousands of deliveries in Los Angeles and San Francisco.
Latch, Inc. (NASDAQ: LTCH) has announced new partnerships with Marks USA, TownSteel, and plans to partner with dormakaba. These alliances aim to enhance their LatchOS platform, expanding its reach to residents, property managers, and guests. Key offerings will include the new Latch Lens integration with Marks’ locks, an interconnect lock solution with TownSteel, and a connection with dormakaba’s devices to broaden geographic access. The partnerships are seen as pivotal for Latch's growth in new market segments and lock formats, addressing rising demand and improving user experience.
Latch, Inc. (NASDAQ: LTCH) reported a record revenue of $11.2 million for Q3 2021, reflecting a 120% year-over-year growth. Total bookings reached $96.0 million, a 181% increase, while booked ARR hit $59.8 million, up 126%. Despite strong growth, the company posted a GAAP net loss of $34.2 million, a 116% increase compared to Q3 2020. Latch has updated its 2021 guidance, projecting revenue between $38 million and $42 million for the year. The launch of the new Latch M mortise lock and the hiring of industry expert Lee Odess as GM for New Market Development were also key highlights.
Latch, Inc. (NASDAQ: LTCH) announced it will report third-quarter financial results on November 9, 2021, after market close. The company will host a conference call at 5:00 p.m. ET to discuss these results, accessible by calling (833) 562-0132 (U.S.) or (661) 567-1107 (international). Latch, known for its LatchOS software platform, is a key player in the construction of modern apartments, with over 10% of new builds in the U.S. incorporating its products. For further details, visit Latch's investor relations page.
Latch (NASDAQ: LTCH) reported impressive financial results for Q2 2021, with Total Bookings reaching $95.8 million, up 102% year-over-year. Revenue soared to $9.0 million, marking a 227% increase compared to the same period last year. Despite strong growth, the company posted a GAAP net loss of $40.1 million. Looking ahead, Latch expects Total Bookings for Q3 to be between $85 million and $90 million, while full-year revenue guidance is set at $38 million to $42 million.
Latch, maker of LatchOS, a comprehensive software-as-a-service platform, announced its participation in the KeyBanc Future of Technology Series Conference. CEO Luke Schoenfelder will present on August 9, 2021, at 2:30 PM ET. Latch is recognized for enhancing living and working environments, with its products used in over 10% of new U.S. apartments. The company's operating system, LatchOS, serves clients across 39 states. For more details, visit Latch's website.
Latch, Inc. (NASDAQ: LTCH) will announce its second quarter 2021 financial results on August 12, 2021, after market close. A conference call for investors and analysts is scheduled for the same day at 5:00 p.m. ET. Interested parties can join by dialing (833) 562-0132 in the U.S. or Canada, or (661) 567-1107 internationally, using Conference ID: 7130858. The webcast will be available live on its Investor Relations webpage, with a recording accessible afterward. Latch's platform, LatchOS, is significantly integrated into over 10% of new U.S. apartments.
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