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SmartRent(SMRT) - 2022 Q3 - Quarterly Report
2022-11-10 21:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-39991 SMARTRENT, INC. (Exact name of Registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 85-4218526 (I.R.S. ...
SmartRent(SMRT) - 2022 Q2 - Earnings Call Transcript
2022-08-12 01:14
SmartRent, Inc. (NYSE:SMRT) Q2 2022 Earnings Conference Call August 11, 2022 5:00 PM ET Company Participants Evelyn Infurna - Senior Vice President-Investor Relations Lucas Haldeman - Chairman & Chief Executive Officer Hiroshi Okamoto - Chief Financial Officer Conference Call Participants Rod Hall - Goldman Sachs Ryan Tomasello - KBW Barry Oxford - Colliers Sidney Ho - Deutsche Bank Erik Woodring - Morgan Stanley Jason Weaver - Compass Point Steven McDermott - Cantor Fitzgerald Operator Good evening and wel ...
SmartRent(SMRT) - 2022 Q2 - Quarterly Report
2022-08-11 20:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-39991 SMARTRENT, INC. (Exact name of Registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 85-4218526 (I.R.S. Emplo ...
SmartRent (SMRT) Investor Presentation - Slideshow
2022-06-02 13:38
Investor Presentation May 2022 Forward Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor from civil liability provided for such statements by Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). Forward-looking statements address our expected future business and financial performance, and may contain words such as "goal," " ...
SmartRent (SMRT) Investor Presentation - Slideshow
2022-05-26 18:33
Investor Presentation May 2022 Forward Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor from civil liability provided for such statements by Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). Forward-looking statements address our expected future business and financial performance, and may contain words such as "goal," " ...
SmartRent(SMRT) - 2022 Q1 - Earnings Call Transcript
2022-05-12 00:30
SmartRent Inc - Class A (NYSE:SMRT) Q1 2022 Earnings Conference Call May 11, 2022 5:00 PM ET Company Participants Evelyn Infurna - Senior Vice President, Investor Relations Lucas Haldeman - Chairman & Chief Executive Officer Hiroshi Okamoto - Chief Financial Officer Conference Call Participants Tom White - D.A. Davidson Ryan Tomasello - KBW Sidney Ho - Deutsche Bank Ben Sherlund - Cantor Fitzgerald Operator Good evening and welcome to the SmartRent Inc. First Quarter 2022 Earnings Call. at this time, all p ...
SmartRent(SMRT) - 2022 Q1 - Quarterly Report
2022-05-11 20:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-39991 SMARTRENT, INC. (Exact name of Registrant as specified in its charter) Delaware 85-4218526 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Empl ...
SmartRent(SMRT) - 2021 Q4 - Earnings Call Transcript
2022-03-25 03:37
SmartRent, Inc. (NYSE:SMRT) Q4 2021 Earnings Conference Call March 24, 2022 5:00 PM ET Company Participants Evelyn Infurna - Senior Vice President, Investor Relations Lucas Haldeman - Chairman and Chief Executive Oficer Jon Wolter - Chief Financial Officer Conference Call Participants Tom White - D.A. Davidson Ryan Tomasello - KBW Sidney Ho - Deutsche Bank Erik Woodring - Morgan Stanley Ben Sherlund - Cantor Fitzgerald Operator Good evening and welcome to the SmartRent Inc. Fourth Quarter and Year End 2021 ...
SmartRent(SMRT) - 2021 Q4 - Annual Report
2022-03-25 01:28
Customer Commitment and Demand - As of December 31, 2021, the company has 742,429 Committed Units, indicating strong demand and revenue visibility from existing customers [26] - Approximately 65% of customers prepaid their multi-year SaaS contracts in 2021, reflecting customer commitment and cash flow stability [28] - As of December 31, 2021, the company has deployed 339,485 units and has 742,429 committed units across 249 customers, who collectively manage 4.5 million units [53] Operational Scale and Market Presence - The company deployed 339,485 units as of December 31, 2021, showcasing its operational scale and market penetration [28] - The company is expanding its presence in international markets, starting pilot programs in the UK, Canada, the Netherlands, and Ireland, indicating growth opportunities [29] - As of December 31, 2021, the company employed approximately 639 full-time employees, indicating a stable workforce to support growth initiatives [41] Product and Service Offerings - The SmartRent software is integrated with major property management systems, enhancing operational efficiency for owners and operators [31] - The Alloy Access solution provides cloud-based access control for multifamily properties, improving security and convenience for residents [33] - SmartRent's asset protection solutions utilize high-precision leak sensors and smart thermostats to reduce damage risks, enhancing property management [34] - The Alloy Parking system offers real-time parking space availability and management, addressing common parking issues in multifamily properties [35] - The company has a robust product roadmap, including the next generation SmartHub, Alloy Fusion, which integrates multiple functionalities [29] - The near-term product roadmap includes new leasing solutions, resident experience solutions, and home IoT solutions, enhancing the overall service offering [55] - The company offers a holistic integrated solution that is hardware agnostic and compatible with various smart devices, enhancing its market position [55] Financial Position and Risks - As of December 31, 2021, the company had cash, cash equivalents, and restricted cash of approximately $432.1 million, primarily in institutional money market funds [316] - The company maintains a stock of devices to mitigate supply chain disruptions and has increased inventory levels to manage potential risks [56] - The company believes that inflation has not materially affected its operations to date, but significant inflationary pressures could impact financial performance [315] Competition and Market Dynamics - The company expects increased competition in the smart home technology market as it matures, with a focus on providing comprehensive solutions compared to competitors' point solutions [51] - The business experiences seasonal demand fluctuations, with higher deployment demand typically in Spring and Summer [54] Regulatory and Compliance Considerations - The company is subject to various federal and state regulations, including data privacy laws like the CCPA, which may increase compliance costs and risks [49] - The company has not engaged in hedging strategies for foreign currency exchange risks, which may affect future operations as international presence grows [317]
SmartRent(SMRT) - 2021 Q3 - Earnings Call Transcript
2021-11-15 16:42
SmartRent, Inc. (NYSE:SMRT) Q3 2021 Earnings Conference Call November 10, 2021 5:00 PM ET Company Participants Evelyn Infurna - SVP, IR Lucas Haldeman - Founder, CEO & Director Jonathan Wolter - CFO Conference Call Participants Roderick Hall - Goldman Sachs Group Benjamin Sherlund - Cantor Fitzgerald Sidney Ho - Deutsche Bank Tevis Robinson - D.A. Davidson Operator Good evening, and welcome to the SmartRent Inc. Third Quarter 2021 Earnings Call. [Operator Instructions]. As a reminder, this conference call i ...