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Stock impact report

SmartRent Reports Fourth Quarter 2023 Results – Adjusted EBITDA Positive

SmartRent, Inc. Class A (SMRT) 
US:NASDAQ Investor Relations: ir.steinmart.com/investor-relations
Company Research Source: Business Wire
Ended the Year with $216 million in Cash, Cash Equivalents and Restricted CashAnnouncing $50 million Share Repurchase Program, Investment in Community WiFi Solution SCOTTSDALE, Ariz.--(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 and year ended December 31, 2023. Management is hosting an investor call to discuss results today, March 5, 2024, at 10:30 a.m. Eastern Time.Financial and Business Highlights for the Fourth Quarter and Full-Year 2023Revenue of $60.3 million and $236.8 million for Q4 and full year, respectively, up 49% and 41% year-over-year, respectively.SaaS Revenue of $11.6 million and $41.1 million for Q4 and full year, respectively, up 43% and 48% year-over-year, respectively.Net Loss of $(3.3) million and $(34.6) million for Q4 and full year, respectively, down 85% and 64% year-over-ye Show less Read more
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