SmartRent, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 11, 2022 at 04:14 pm EDT
Share
SmartRent, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 37.36 million compared to USD 19.16 million a year ago. Net loss was USD 23.39 million compared to USD 9.27 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.99 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. 
