Core Viewpoint - DOOR, formerly known as Latch, Inc., is making progress towards regaining its current SEC reporting status, with the filing of its Q2 2025 report and plans to file its Q3 2025 report in early 2026 [1][3]. Financial Performance - The company reported a total revenue of $19.1 million for Q2 2025, reflecting a 47% year-over-year increase from $12.9 million in Q2 2024 [5][7]. - Operating expenses decreased by 34% to $15.8 million in Q2 2025, down from $23.6 million in Q2 2024 [5][7]. - The net loss improved by 54%, amounting to $(7.8) million in Q2 2025 compared to $(16.9) million in Q2 2024 [5][7]. - Adjusted EBITDA for Q2 2025 was $(5.7) million, a 24% improvement from $(7.5) million in Q2 2024 [5][7]. Business Metrics - Software revenue for Q2 2025 was $5.2 million, a 4% increase from $5.0 million in Q2 2024 [6][7]. - For the first half of 2025, total revenue reached $34.8 million, a 39% increase from $25.0 million in the first half of 2024 [6][7]. - The company continues to focus on efficiency and disciplined execution to enhance its financial performance [5]. Company Overview - DOOR is positioned as a Building Intelligence company, integrating hardware, software, and automated services to improve building operations [8]. - The company is headquartered in St. Louis and serves various stakeholders in residential portfolios and purpose-built communities [8]. - The transition to the new brand is ongoing, with shares currently trading under the symbol "LTCH" [2][8].