SmartRent, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 04:23 pm EDT
Share
SmartRent, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 42.41 million compared to USD 21.68 million a year ago. Net loss was USD 25.59 million compared to USD 10.05 million a year ago. Basic loss per share from continuing operations was USD 0.13.
For the six months, revenue was USD 79.77 million compared to USD 40.84 million a year ago. Net loss was USD 48.98 million compared to USD 19.32 million a year ago. Basic loss per share from continuing operations was USD 0.25.
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. 
