SmartRent Inc

For the period ended Dec 31, 2023. Filed Mar 5, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 5, 2024

SMRT$1.61-3.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Loss

	For the years ended December 31,
	2023	2022	2021
Revenue
Hardware	$137,201	$87,372	$69,629
Professional services	35,473	32,301	22,732
Hosted services	64,164	48,148	18,276
Total revenue	236,838	167,821	110,637
Cost of revenue
Hardware	108,780	83,289	70,448
Professional services	55,495	59,547	38,189
Hosted services	23,034	23,637	12,073
Total cost of revenue	187,309	166,473	120,710
Operating expense
Research and development	28,805	29,422	21,572
Sales and marketing	19,209	20,872	14,017
General and administrative	44,674	55,305	25,990
Total operating expense	92,688	105,599	61,579
Loss from operations	(43,159)	(104,251)	(71,652)
Interest income (expense), net	8,580	1,946	(249)
Other (expense) income, net	(116)	595	55
Loss before income taxes	(34,695)	(101,710)	(71,846)
Income tax (benefit) expense	(108)	(5,388)	115
Net loss	$(34,587)	$(96,322)	$(71,961)
Other comprehensive loss
Foreign currency translation adjustment	(40)	(185)	(226)
Comprehensive loss	$(34,627)	$(96,507)	$(72,187)
Net loss per common share
Basic and diluted	$(0.17)	$(0.49)	$(0.96)
Weighted-average number of shares used in computing net loss per share
Basic and diluted	200,700	195,575	74,721
See accompanying Notes to Consolidated Financial Statements.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.