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SmartRent, Inc. (symbol: SMRT) is a pioneer in the smart home and smart building technology sector, offering advanced solutions tailored for property owners, managers, and residents. The company’s core business revolves around its innovative platform that provides seamless control and visibility over property assets, aiming to enhance operational efficiency and resident satisfaction.
SmartRent’s comprehensive suite of products includes smart locks, thermostats, lighting, sensors, and other devices that can be centrally managed through a unified interface. This holistic approach not only promotes cost savings but also opens up new revenue streams for property managers through all-in-one home control offerings.
Operating primarily in the United States, with a growing international presence, SmartRent is continually expanding its market footprint. Recent projects include partnerships with leading real estate firms to integrate smart technologies into large-scale residential and commercial developments.
Financially, SmartRent has shown robust performance with steady revenue growth driven by increasing demand for smart home solutions. The company’s strategic collaborations and innovative product launches have bolstered its market position, making it a significant player in the industry.
Overall, SmartRent’s dedication to enhancing the living experience through technology positions it as a forward-thinking leader in the smart home market, committed to driving value for its stakeholders.
SmartRent, Inc. (NYSE: SMRT) will release its first quarter 2023 financial results on May 10, 2023, after market close. A conference call with CEO Lucas Haldeman and CFO Hiroshi Okamoto is scheduled for 4:30 p.m. ET to discuss the results. Participants can register for the call through the company’s investor relations website, where the press release and additional materials will also be available. SmartRent, founded in 2017, specializes in smart home and property solutions, serving 15 of the top 20 multifamily owners and operators. The company's platform streamlines operations, automates workflows, and enhances user experiences, enabling millions to live smarter.
SmartRent, Inc. (NYSE: SMRT) reported a 52% increase in revenue for the full year 2022, totaling $167.8 million. Q4 revenue also rose by 17% year-over-year to $40.6 million. SaaS revenue skyrocketed by 205% in Q4, reaching $8.1 million, and 251% for the year at $27.8 million. However, the company faced a net loss of $(21.4) million in Q4 and $(96.3) million for the year. Despite this, cash reserves stood at $218 million. The company forecasts total revenue between $225 million and $250 million for 2023, aiming for improved adjusted EBITDA.
SmartRent, Inc. (NYSE: SMRT), a leading provider of smart home solutions, announced its participation in the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2023, at The Palace Hotel in San Francisco, CA. CEO Lucas Haldeman will engage in a fireside chat at 11:55 a.m. PT. Investors can access a live webcast and replay via SmartRent's Investor Relations website. The company, founded in 2017, serves 15 of the top 20 multifamily property owners.
SmartRent, a leader in smart home technology, announces a collaboration with Apartments.com, enhancing apartment searching through self-guided tours. This partnership allows potential renters to schedule tours directly on Apartments.com, tapping into an increasing demand for such options, which grew by 63% since the pandemic. The self-guided tours allow properties to display competitive amenities and provide flexibility for renters. Lucas Haldeman, CEO of SmartRent, emphasizes the value this partnership offers to renters and property owners. This development aims to streamline the renting process and convert leads into leases more effectively.
SmartRent, Inc. (NYSE: SMRT) will release its fourth quarter and full-year 2022 financial results on March 8, 2023, after the market closes. Following this, CEO Lucas Haldeman and CFO Hiroshi Okamoto will conduct a conference call at 4:30 p.m. ET to discuss the company's performance. Interested parties can find the press release and supporting materials on the company’s Investor Relations website.
SmartRent has partnered with SVN | SFR Capital Management to enhance efficiency in the Build-for-Rent (BFR) housing sector. Their collaboration aims to implement smart home technology that will lower operational costs, improve tenant safety, and increase satisfaction. SVN | SFR intends to acquire over 35,000 new BFR homes through a capital raise of $12 billion over 5-7 years. This partnership targets a modernized living experience through integrated solutions, appealing to a growing demand for smart home amenities among renters.
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