SmartRent, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2022 and Maintains Earnings Guidance for the Full Year 2022
May 11, 2022 at 04:04 pm EDT
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SmartRent, Inc. provided earnings guidance for the second quarter ending June 30, 2022 and maintained earnings guidance for the full year 2022. For the second quarter ending June 30, 2022, the company expects total revenue of $47 million to $55 million.
Full-Year 2022, the company expects total revenue of $220 million to $250 million.
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. 
