SmartRent (NYSE:SMRT) Is In A Strong Position To Grow Its Business [Yahoo! Finance]
SmartRent, Inc. Class A (SMRT)
US:NASDAQ Investor Relations:
ir.steinmart.com/investor-relations
Company Research
Source: Yahoo! Finance
For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com? Given this risk, we thought we'd take a look at whether SmartRent NYSE:SMRT ) shareholders should be worried about its cash burn. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. Check out our latest analysis for SmartRent How Long Is SmartRent's Cash Runway? A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. In September 2023, SmartRent had US$211m in cash, and was debt-free. Looking at the la
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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