Financial Snapshot

Revenue
$43.10M
TTM
Gross Margin
-6.7%
TTM
Net Earnings
-$159.7M
TTM
Current Assets
Q4 2022
Current Liabilities
Q4 2022
Current Ratio
630.01%
Q4 2022
Total Assets
Q4 2022
Total Liabilities
Q4 2022
Book Value
$240.8M
Q4 2022
Cash
Q4 2022
P/E
-0.1856
Nov 29, 2024 EST
Free Cash Flow
-$44.54M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2022 2021 2020 2019
Revenue $42.96M $41.36M $18.06M $14.89M
YoY Change 3.86% 129.0% 21.32%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2022 2021 2020 2019
Revenue $42.96M $41.36M $18.06M $14.89M
Cost Of Revenue $46.88M $44.04M $20.24M $17.30M
Gross Profit -$3.924M -$2.678M -$2.178M -$2.410M
Gross Profit Margin -9.14% -6.47% -12.06% -16.19%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2022 2021 2020 2019
Selling, General & Admin $100.9M $96.80M $32.92M $28.23M
YoY Change 4.21% 194.03% 16.62%
% of Gross Profit
Research & Development $54.93M $45.85M $25.31M $18.34M
YoY Change 19.82% 81.12% 38.03%
% of Gross Profit
Depreciation & Amortization $5.504M $3.239M $1.382M $723.0K
YoY Change 69.93% 134.37% 91.15%
% of Gross Profit
Operating Expenses $161.3M $145.9M $59.62M $47.29M
YoY Change 10.58% 144.7% 26.06%
Operating Profit -$165.2M -$148.6M -$61.80M -$49.70M
YoY Change 11.22% 140.41% 24.33%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2022 2021 2020 2019
Interest Expense -$2.961M $8.600M -$5.754M
YoY Change -134.43% -249.46%
% of Operating Profit
Other Income/Expense, Net $2.995M -$17.70M -$4.189M -$473.0K
YoY Change -116.92% 322.49% 785.62%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2022 2021 2020 2019
Pretax Income -$162.2M -$166.3M -$65.99M -$50.18M
YoY Change -2.42% 151.97% 31.51%
Income Tax $89.00K $53.00K $8.000K $50.00K
% Of Pretax Income
Net Earnings -$162.3M -$166.3M -$65.99M -$50.23M
YoY Change -2.39% 152.02% 31.39%
Net Earnings / Revenue -377.92% -402.13% -365.4% -337.38%
Basic Earnings Per Share -$1.13 -$1.92 -$9.12 -$7.65
Diluted Earnings Per Share -$1.13 -$1.92 -$9.12 -$7.65

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2022 2021 2020 2019
Cash & Short-Term Investments $283.8M $1.172M
YoY Change 24120.06%
Cash & Equivalents $124.8M
Short-Term Investments $159.0M
Other Short-Term Assets $11.61M $626.7K
YoY Change 1751.98%
Inventory $11.62M
Prepaid Expenses
Receivables $25.64M
Other Receivables $0.00
Total Short-Term Assets $332.6M $1.798M
YoY Change 18396.76%
Property, Plant & Equipment $2.039M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $102.9M $300.0M
YoY Change -65.71%
Other Assets $2.294M
YoY Change
Total Long-Term Assets $119.7M $300.0M
YoY Change -60.1%
Total Assets $452.3M $301.8M
YoY Change
Accounts Payable $6.229M $1.220M
YoY Change 410.55%
Accrued Expenses $24.18M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $40.77M $1.237M
YoY Change 3195.82%
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $33.98M $36.14M
YoY Change -6.0%
Total Long-Term Liabilities $33.98M $36.14M
YoY Change -6.0%
Total Liabilities $74.75M $37.38M
YoY Change 99.96%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2022 2021 2020 2019
Basic Shares Outstanding 143.6M shares 86.47M shares 7.239M shares 6.565M shares
Diluted Shares Outstanding 143.6M shares 86.47M shares 7.239M shares 6.565M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $29.639 Million

About Latch, Inc.

Latch, Inc. is an enterprise technology company, which provides security systems design and software services. The company is headquartered in Olivette, Missouri and currently employs 440 full-time employees. The company went IPO on 2020-11-10. The firm is a full-building operating system of software, products, and services that allows buildings to evolve to meet the demands of residents, tenants, staff, and visitors. Its products include Latch App, LatchID, OpenKit, Latch Lens, Latch Hub, Latch T, Link, Intercom, Latch R, Latch M, Latch C2, Camera, Latch Water Sensor, and Latch Concierge Pro. The company helps the real estate operators in managing each of their spaces by introducing its new Web-based tool, Mission Control. The company also uses Concierge, which helps real estate operators get automated guest and delivery management, tools for amenity optimization and monetization, and a tool to remotely augment their building staff. The firm also enables residential service providers, such as housekeepers, dog walkers, and drivers, to operate independently through technology.

Industry: Wholesale-Hardware Peers: ReposiTrak, Inc. Applied Digital Corp. SOUNDHOUND AI, INC. ASURE SOFTWARE INC Avaya Holdings Corp. TERAWULF INC. CLEANSPARK, INC. SAIHEAT Ltd Salesforce, Inc. SMITH MICRO SOFTWARE, INC.