Welcome to our dedicated page for Smartrent news (Ticker: SMRT), a resource for investors and traders seeking the latest updates and insights on Smartrent stock.
SmartRent, Inc. provides smart communities and smart operations solutions for the rental housing industry through a platform that combines SaaS, IoT-enabled hardware, maintenance tools and leasing solutions. Company news commonly covers quarterly results, annual recurring revenue, units deployed, SaaS ARPU, hardware revenue comparisons, gross margin, Adjusted EBITDA, cash flow and liquidity.
Updates also address go-to-market expansion, including value-added reseller relationships for small and mid-market multifamily owners and operators, as well as technology leadership, product development, equity incentive grants and governance-related corporate actions.
SmartRent (NYSE:SMRT) has released a comprehensive survey revealing critical insights about renters' attitudes toward energy efficiency and utility costs. The survey, conducted with Morning Consult, shows that 92% of renters prioritize reducing monthly utility expenses when choosing a home, while 63% experienced utility increases last year, with 35% facing monthly increases exceeding $51.
Key findings highlight that only 48% of renters feel their property managers effectively communicate about energy usage, and just 44% believe management cares about helping reduce costs. The survey identified that 69% of renters value energy-efficient appliances, while 58% prefer smart thermostats. Notably, 32% of renters would accept higher rent if offset by reduced utility costs.
SmartRent (NYSE:SMRT), a smart communities solutions provider, reported Q2 2025 financial results showing mixed performance. Revenue declined 21% to $38.3 million, while Annual Recurring Revenue grew 11% to $56.9 million. The company reported a net loss of $(10.9) million, compared to $(4.6) million in the prior year.
Key metrics include SaaS revenue growth of 10%, now representing 37% of total revenue, and Units Deployed reaching 847,956, up 10% year-over-year. The company expanded its cost reduction program to $30 million in annualized savings, targeting cash flow neutrality by end of 2025.
SmartRent maintains a strong liquidity position with $105.0 million in cash and an undrawn $75 million credit facility. During Q2, the company repurchased approximately 4.1 million shares for $3.7 million under its $50 million share repurchase program.
SmartRent (NYSE:SMRT), a provider of smart solutions for rental housing communities, has successfully regained compliance with the NYSE's minimum share price listing requirement under Section 802.01C of the NYSE Listed Company Manual.
CEO Frank Martell expressed satisfaction with resolving this listing compliance matter and acknowledged shareholder support while emphasizing the company's commitment to executing its strategy and creating long-term value.
SmartRent (NYSE: SMRT), a leading provider of smart communities and operations solutions for the rental housing industry, has scheduled its second quarter 2025 financial results announcement for August 6, 2025.
The company will release its Q2 2025 results before market opening, followed by a conference call at 11:30 a.m. ET. CEO Frank Martell and CFO Daryl Stemm will host the call to discuss the company's performance. Participants can access the call through telephone registration and are encouraged to dial in 15 minutes early.
SmartRent (NYSE:SMRT) has released findings from a nationwide survey of 939 U.S. renters, revealing key insights into renter preferences during the peak summer leasing season. The survey shows that 56% of renters are ready to move, with top reasons including desire for more space (26%), new neighborhoods (24%), and price increases (21%).
Regarding expectations, 61% of renters expect water coverage, 53% expect trash services, and 43% expect on-site maintenance included in their rent. Smart home technologies are highly valued, with 69% of renters prioritizing networked security cameras, 58% wanting smart locks, and 56% desiring smart thermostats.
Gen Z renters show the highest mobility rate at 68% and demonstrate strong preferences for security features and smart home technology, with 72% interested in security cameras and 70% in video doorbells.
SmartRent (NYSE: SMRT), a provider of smart solutions for rental housing, has received a notice from the NYSE on May 2, 2025, indicating non-compliance with listing standards due to its average closing share price falling below $1.00 over a 30-day trading period. The company has a six-month cure period to regain compliance by achieving a closing share price of at least $1.00 and maintaining an average closing price of $1.00 over a 30-day trading period.
During this period, SmartRent's stock will continue trading on the NYSE while the company evaluates options to resolve the deficiency, including the possibility of implementing a reverse stock split subject to board and stockholder approval. Failure to regain compliance could result in suspension and delisting from the NYSE.