SmartRent Accelerates SaaS Growth by 32% Y/Y; Reports First Quarter 2024 Results [Yahoo! Finance]
SmartRent, Inc. Class A (SMRT)
US:NASDAQ Investor Relations:
ir.steinmart.com/investor-relations
Company Research
Source: Yahoo! Finance
SCOTTSDALE, Ariz., May 08, 2024 BUSINESS WIRE )--SmartRent, Inc. (NYSE: SMRT) ("SmartRent" or the "Company"), a leading provider of smart home and property operations solutions for the rental housing industry, today reported financial results for the three months ended March 31, 2024. Management is hosting an investor call to discuss results today, May 8, 2024, at 11:30 a.m. Eastern Time. Financial and Business Highlights for the First Quarter 2024 Total Revenue of $50.5 million, decreased by 22 percent year-over year. SaaS Revenue of $11.9 million, increased by 32 percent year-over year. Net Loss of $(7.7) million, improved by 42 percent from $(13.2) million in the first quarter of 2023, a $5.5 million improvement year-over-year. Adjusted EBITDA of $0.4 million, improved by 105 percent, an $8.9 million improvement year-over-year. Balance Sheet: $204.9 million in cash, cash equivalents and restricted cash as of March 31, 2024, no debt and an undrawn credit facility of $75
Show less
Read more
Impact Snapshot
Event Time:
SMRT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SMRT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SMRT alerts
High impacting SmartRent, Inc. Class A news events
Weekly update
A roundup of the hottest topics
SMRT
News
- SmartRent: An Activist Emerges [Seeking Alpha]Seeking Alpha
- SmartRent, Inc. (NYSE: SMRT) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $3.25 price target on the stock.MarketBeat
- Land & Buildings Sends Letter to SmartRent's Board of Directors Outlining the Need to Explore Strategic Alternatives [Yahoo! Finance]Yahoo! Finance
- Land & Buildings Sends Letter to SmartRent’s Board of Directors Outlining the Need to Explore Strategic AlternativesBusiness Wire
- SmartRent, Inc. (NYSE:SMRT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
SMRT
Earnings
- 5/8/24 - Miss
SMRT
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- SMRT's page on the SEC website