SmartRent, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
August 30, 2021 at 04:05 pm EDT
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SmartRent, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported total revenue of $21,677,000 compared to $5,791,000 a year ago. Loss from operations was $9,998,000 compared to $10,022,000 a year ago. Net loss was $10,051,000 compared to $10,448,000 a year ago. Basic and diluted net loss per common share was $4.87 compared to $6.82 a year ago.
For the six months, the company reported total revenue of $40,837,000 compared to $22,345,000 a year ago. Loss from operations was $19,216,000 compared to $16,730,000 a year ago. Net loss was $19,318,000 compared to $17,724,000 a year ago. Basic and diluted net loss per common share was $9.71 compared to $12.92 a year ago.
SmartRent, Inc. is a provider of smart home and smart property solutions for the multifamily industry. The Company's platform, comprised of smart hardware and cloud-based software-as-a-service solutions, gives operators visibility and control over real estate assets empowering them to simplify operations, automate workflows and deliver site team and resident experiences. Through a Hub Device, the Company enables the integration of its platform with third-party smart devices, its own hardware devices and other technology interfaces. It uses an open-architecture, brand-agnostic approach that allows owners, operators, and residents to manage their smart home systems through a single connected interface. Its solutions include smart apartments and homes, access control for buildings, common areas, and rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident WiFi. It provides customers with training, installation and support services.
SMARTRENT, INC. 
