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Midas Edge

SmartRent Inc

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

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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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Stockholders' Equity

Convertible Preferred Stock · Common Stock
Shares · Amount (Par Value $0.0001) · Shares · Amount (Par Value $0.0001) · Additional Paid In Capital · Accumulated Deficit · Accumulated other comprehensive income (loss) · Total Stockholders' Equity (Deficit)
Balance, December 31, 2020104,822$111,43210,376$-$4,157$(82,642)$235$(78,250)
Issuance of Series C Preferred Stock for cash, net of offering costs16,40434,793------
Exercise of warrants--2,457-5--5
Conversion of Convertible Preferred Stock to Common Stock(121,226)(146,225)121,22613146,212--146,225
Reverse recapitalization, net of transaction costs--59,6576444,641--444,647
Stock-based compensation----8,131--8,131
Redemption of warrants--148-----
Common stock warrants issued to customers as consideration----121--121
Common stock warrants related to marketing expense----810--810
Net loss-----(71,961)-(71,961)
Other comprehensive loss------(226)(226)
Balance, December 31, 2021--193,86419604,077(154,603)9449,502
Stock-based compensation----13,716--13,716
Tax withholdings related to net share settlement of equity awards--(907)-(4,045)--(4,045)
Issuance of common stock upon vesting of equity awards--3,0261---1
Common stock warrants issued to customers as consideration----72--72
Common stock warrants related to marketing expense----217--217
Reverse recapitalization, net of transaction costs----(70)--(70)
Exercise of options--465-219--219
Net settlement related to exercise of options--(5)-(33)--(33)
Exercise of warrants--1,874-3--3
ESPP purchases--208-1,125--1,125
Net loss-----(96,322)-(96,322)
Other comprehensive loss------(185)(185)
Balance, December 31, 2022--198,52520615,281(250,925)(176)364,200
Stock-based compensation----13,271--13,271
Issuance of common stock upon vesting of equity awards--2,259-----
Tax withholdings related to net share settlement of equity awards--(658)-(1,925)--(1,925)
Exercise of options--3,035-913--913
Net settlement related to exercise of options--(148)-----
ESPP purchases--314-809--809
Common stock warrants issued to customers as consideration--(193)--(193)
Net Loss-----(34,587)-(34,587)
Other comprehensive loss------(40)(40)
Balance, December 31, 2023-$-203,327$20$628,156$(285,512)$(216)$342,448
See accompanying Notes to Consolidated Financial Statements.

CONSOLIDATED STATEMENTS OF CASH FLOWS

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.