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Latch, Inc. is holding its 2026 annual stockholder meeting virtually on June 10, 2026, where investors will vote on six director nominees, ratification of BDO USA, P.C. as auditor for 2026, and an advisory say‑on‑pay resolution for named executive officers.
The proxy describes a fully independent six‑member classified board, its committee structure, and risk and cybersecurity oversight, including an enterprise risk management committee and a cybersecurity program aligned with NIST and ISO 27005 frameworks. It details executive leadership changes, 2025 cash‑focused pay programs, potential severance and change‑in‑control benefits, and a clawback policy adopted in 2023. The filing also outlines non‑employee director cash retainers, major stockholders’ ownership, prior financial restatements and the transition from Deloitte to BDO, as well as related‑party and commercial relationships reviewed under a formal related‑party transaction policy.
Latch, Inc. is holding its 2026 annual stockholder meeting virtually on June 10, 2026, where investors will vote on six director nominees, ratification of BDO USA, P.C. as auditor for 2026, and an advisory say‑on‑pay resolution for named executive officers.
The proxy describes a fully independent six‑member classified board, its committee structure, and risk and cybersecurity oversight, including an enterprise risk management committee and a cybersecurity program aligned with NIST and ISO 27005 frameworks. It details executive leadership changes, 2025 cash‑focused pay programs, potential severance and change‑in‑control benefits, and a clawback policy adopted in 2023. The filing also outlines non‑employee director cash retainers, major stockholders’ ownership, prior financial restatements and the transition from Deloitte to BDO, as well as related‑party and commercial relationships reviewed under a formal related‑party transaction policy.
Latch, Inc. filed an initial Form 3 showing that Chief Revenue Officer James M. Malone holds a stock option on the company’s common stock. The option was granted on February 5, 2025, carries an exercise price of $0.17 per share, and expires on February 5, 2035. It will vest one-third on the first anniversary of the grant date, with the remaining portion vesting in equal quarterly installments until the third anniversary. The filing discloses this option position but does not specify a share amount for the underlying common stock.
Latch, Inc. filed an initial Form 3 showing that Chief Revenue Officer James M. Malone holds a stock option on the company’s common stock. The option was granted on February 5, 2025, carries an exercise price of $0.17 per share, and expires on February 5, 2035. It will vest one-third on the first anniversary of the grant date, with the remaining portion vesting in equal quarterly installments until the third anniversary. The filing discloses this option position but does not specify a share amount for the underlying common stock.
Latch, Inc., now operating as DOOR, reported strong 2025 revenue growth while remaining unprofitable. Total revenue reached $70.1 million, a 24% year-over-year increase, driven in part by software revenue of $22.1 million, up 9% from $20.3 million.
Operating expenses were $79.6 million, down 6% from the prior year, and net loss improved 7% to $53.7 million. Adjusted EBITDA, a non-GAAP measure that excludes items such as depreciation, interest, taxes, impairments, legal costs, and stock-based compensation, improved to a loss of $27.1 million, a 25% year-over-year improvement.
Results were affected by non-cash charges, including a $16.6 million goodwill impairment and a $4.9 million inventory write-off. Excluding the goodwill impairment, operating expenses would have been $63.0 million, a 25% year-over-year improvement, highlighting the impact of the company’s cost-savings efforts.
Latch, Inc., now operating as DOOR, reported strong 2025 revenue growth while remaining unprofitable. Total revenue reached $70.1 million, a 24% year-over-year increase, driven in part by software revenue of $22.1 million, up 9% from $20.3 million.
Operating expenses were $79.6 million, down 6% from the prior year, and net loss improved 7% to $53.7 million. Adjusted EBITDA, a non-GAAP measure that excludes items such as depreciation, interest, taxes, impairments, legal costs, and stock-based compensation, improved to a loss of $27.1 million, a 25% year-over-year improvement.
Results were affected by non-cash charges, including a $16.6 million goodwill impairment and a $4.9 million inventory write-off. Excluding the goodwill impairment, operating expenses would have been $63.0 million, a 25% year-over-year improvement, highlighting the impact of the company’s cost-savings efforts.
Latch, Inc., now operating under the DOOR brand, files its annual report describing a smart-building ecosystem that combines SaaS software, proprietary hardware and the HelloTech on-demand services platform for multifamily properties. The company reports an unrestricted cash and securities balance of $34.6 million and net inventory of $27.3 million as of December 31, 2025, and acknowledges a 2025 net loss of $53.7 million. Latch highlights liquidity risks tied to legal and professional costs, dependence on additional capital and a key customer that represented 32% of 2025 revenue. It discloses ongoing SEC and shareholder derivative matters related to prior restatements and confirms multiple material weaknesses in internal control over financial reporting remain unresolved. The report also notes its stock now trades on the OTCID Market with limited liquidity and that 164,257,801 common shares were outstanding as of March 26, 2026.
Latch, Inc., now operating under the DOOR brand, files its annual report describing a smart-building ecosystem that combines SaaS software, proprietary hardware and the HelloTech on-demand services platform for multifamily properties. The company reports an unrestricted cash and securities balance of $34.6 million and net inventory of $27.3 million as of December 31, 2025, and acknowledges a 2025 net loss of $53.7 million. Latch highlights liquidity risks tied to legal and professional costs, dependence on additional capital and a key customer that represented 32% of 2025 revenue. It discloses ongoing SEC and shareholder derivative matters related to prior restatements and confirms multiple material weaknesses in internal control over financial reporting remain unresolved. The report also notes its stock now trades on the OTCID Market with limited liquidity and that 164,257,801 common shares were outstanding as of March 26, 2026.