SmartRent Inc
For the period ended Dec 31, 2023. Filed Mar 5, 2024.
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FY2023 · Filed Mar 5, 2024
SMRT$1.66+4.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| As of December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $215,214 | $210,409 |
| Restricted cash, current portion | 495 | 7,057 |
| Accounts receivable, net | 61,903 | 62,442 |
| Inventory | 41,575 | 75,725 |
| Deferred cost of revenue, current portion | 11,794 | 13,541 |
| Prepaid expenses and other current assets | 9,359 | 9,182 |
| Total current assets | 340,340 | 378,356 |
| Property and equipment, net | 1,400 | 2,069 |
| Deferred cost of revenue | 11,251 | 22,508 |
| Goodwill | 117,268 | 117,268 |
| Intangible assets, net | 27,249 | 31,123 |
| Other long-term assets | 12,248 | 9,521 |
| Total assets | $509,756 | $560,845 |
| LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | $15,076 | $18,360 |
| Accrued expenses and other current liabilities | 24,976 | 34,396 |
| Deferred revenue, current portion | 77,257 | 80,020 |
| Total current liabilities | 117,309 | 132,776 |
| Deferred revenue | 45,903 | 59,928 |
| Other long-term liabilities | 4,096 | 3,941 |
| Total liabilities | 167,308 | 196,645 |
| Commitments and contingencies (Note 12) | ||
| Convertible preferred stock, $0.0001 par value; 50,000 shares authorized as of December 31, 2023 and December 31, 2022; no shares of preferred stock issued and outstanding as of December 31, 2023 and December 31, 2022 | - | - |
| Stockholders' equity | ||
| Common stock, $0.0001 par value; 500,000 shares authorized as of December 31, 2023 and December 31, 2022, respectively; 203,327 and 198,525 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | 20 | 20 |
| Additional paid-in capital | 628,156 | 615,281 |
| Accumulated deficit | (285,512) | (250,925) |
| Accumulated other comprehensive loss | (216) | (176) |
| Total stockholders' equity | 342,448 | 364,200 |
| Total liabilities, convertible preferred stock and stockholders' equity | $509,756 | $560,845 |
| See accompanying Notes to Consolidated Financial Statements. | ||
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
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