SmartRent, Inc. [Rocket]

Overview

SmartRent, Inc.

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Recent News + Filings (All items)

Date Filed	Type	Description
10/10/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
10/10/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
10/10/2023	4/A	Form 4/A - Statement of changes in beneficial ownership of securities: [Amend]
10/10/2023	4/A	Form 4/A - Statement of changes in beneficial ownership of securities: [Amend]
09/26/2023	4	Haldeman Lucas Merwan (CEO) has filed a Form 4 on SmartRent, Inc.
09/26/2023	4	DeRose-Wilson Isaiah (Chief Technology Officer) has filed a Form 4 on SmartRent, Inc.
08/24/2023	4	TUOMI FREDERICK C (Director) has filed a Form 4 on SmartRent, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20
Revenues	167.8	110.6	52.5
Revenue growth	51.7%	110.6%
Cost of goods sold	0.0	0.0	0.0
Gross profit	167.8	110.6	52.5
Gross margin	100.0%	100.0%	100.0%
Sales and marketing	20.9	14.0	5.4
EBITA	65.6	49.1	21.1
EBITA margin	39.1%	44.3%	40.2%
Amortization of intangibles	3.4
EBIT	62.2	49.1	21.1
EBIT margin	37.1%	44.3%	40.2%
Pre-tax income	-101.7	-71.8	-37.0
Income taxes	-5.4	0.1	0.1
Tax rate	5.3%
Net income	-96.3	-72.0	-37.1
Net margin	-57.4%	-65.0%	-70.6%

Diluted EPS	($0.49)	($0.96)	($4.32)
Shares outstanding (diluted)	195.6	74.7	8.6

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.