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Latch Inc's Business Segments
Latch Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
5
Largest Segment
US
Total Revenue
$ 16
Countrys Reported
2
Revenue Share by Reportable Segment - FY
- US0%
- Hello Tech in Home Services44.5%
- HelloTech services Period-of-time revenue18.3%
- Property management services Period-of-time revenue9.2%
- Other Period-of-time revenue0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| US | $ 30 | - |
| Hello Tech in Home Services | $ 7 | 44.5% |
| HelloTech services Period-of-time revenue | $ 3 | 18.3% |
Revenue Share by Country - FY
- US99%
- CA1%
Revenue by Geographic Country - FY
| Country | Revenue (Millions) | % of Total |
|---|---|---|
| US | $ 15 | 99% |
| CA | $ 0 | 1% |
Revenue by Product & Service Category - FY
- Software39.2%
- Installation services38.7%
- Hello Tech in Home Services25.6%
- Hardware22.1%
- Hardware Installation and Activation Services9.1%
- Property Management Services4%
- Product and Service Other0%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Software | $ 6 | 39.2% |
| Installation services | $ 6 | 38.7% |
| Hello Tech in Home Services | $ 4 | 25.6% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
4 more categories available
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Annual Results
Revenue Share by Reportable Segment - FY
- US0%
- Hello Tech in Home Services44.5%
- HelloTech services Period-of-time revenue18.3%
- Property management services Period-of-time revenue9.2%
- Other Period-of-time revenue0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| US | $ 30 | - |
| Hello Tech in Home Services | $ 7 | 44.5% |
| HelloTech services Period-of-time revenue | $ 3 | 18.3% |
2 more segments available
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Description of Latch Inc
Latch Inc is a leading technology company that specializes in the development and manufacturing of smart access systems and software solutions. The company was founded in 2013 by Luke Schoenfelder, Brian Jones, and Thomas Meyerhoffer with the aim of revolutionizing how people access and manage physical spaces. Latch Inc is headquartered in New York City, with additional offices in San Francisco, Los Angeles, and Seattle.
At its core, Latch Inc focuses on creating products and services that enable people to have convenient and secure access to spaces such as apartment buildings, office complexes, and other shared facilities. The company's flagship product is the Latch smart access system, which includes a suite of hardware and software components designed to enhance security and improve user experience.
The Latch smart access system consists of three main components: the Latch device, the Latch App, and the Latch Manager. The Latch device is a sleek and modern access control device that can be installed on doors and entry points. It features a high-resolution touch screen with intuitive user interface, a built-in camera for visual identification, and a range of sensors for enhanced security.
The Latch App is a mobile application that enables users to control and manage access to Latch-enabled spaces. It allows users to unlock doors remotely, grant temporary access to guests or service providers, and monitor access activity through real-time notifications. The app also provides a dashboard that allows users to track and manage multiple Latch devices and properties from a single, centralized platform.
The Latch Manager is a web-based software solution that is designed for property managers and administrators. It provides them with comprehensive tools to manage access rights, monitor usage, and analyze data related to Latch-enabled spaces. The Latch Manager also integrates with existing property management systems, making it seamless for property managers to adopt the Latch system.
Latch Inc has garnered widespread recognition and has established partnerships with top real estate developers, property management companies, and technology companies worldwide. Their smart access solutions have been successfully deployed in thousands of buildings across different industries, including residential, commercial, and multi-family properties.
In addition to their core smart access system, Latch Inc also offers a range of additional products and services. These include LatchOS, an operating system that enables seamless integration of Latch devices with other building management systems; Latch Intercom, a video intercom system that allows building residents to communicate with visitors remotely; and Latch Green, a sustainability initiative that focuses on energy-efficient and eco-friendly smart building solutions.
Moreover, Latch Inc prioritizes innovation and continuous improvement. The company invests heavily in research and development to constantly enhance their products and services. They also have a dedicated customer support team that provides assistance to users and property managers, ensuring a smooth and positive experience with their smart access solutions.
In summary, Latch Inc is an industry leader in smart access systems and software solutions. With their comprehensive product offerings, commitment to innovation, and focus on convenience and security, they are transforming the way people access and manage physical spaces.
At its core, Latch Inc focuses on creating products and services that enable people to have convenient and secure access to spaces such as apartment buildings, office complexes, and other shared facilities. The company's flagship product is the Latch smart access system, which includes a suite of hardware and software components designed to enhance security and improve user experience.
The Latch smart access system consists of three main components: the Latch device, the Latch App, and the Latch Manager. The Latch device is a sleek and modern access control device that can be installed on doors and entry points. It features a high-resolution touch screen with intuitive user interface, a built-in camera for visual identification, and a range of sensors for enhanced security.
The Latch App is a mobile application that enables users to control and manage access to Latch-enabled spaces. It allows users to unlock doors remotely, grant temporary access to guests or service providers, and monitor access activity through real-time notifications. The app also provides a dashboard that allows users to track and manage multiple Latch devices and properties from a single, centralized platform.
The Latch Manager is a web-based software solution that is designed for property managers and administrators. It provides them with comprehensive tools to manage access rights, monitor usage, and analyze data related to Latch-enabled spaces. The Latch Manager also integrates with existing property management systems, making it seamless for property managers to adopt the Latch system.
Latch Inc has garnered widespread recognition and has established partnerships with top real estate developers, property management companies, and technology companies worldwide. Their smart access solutions have been successfully deployed in thousands of buildings across different industries, including residential, commercial, and multi-family properties.
In addition to their core smart access system, Latch Inc also offers a range of additional products and services. These include LatchOS, an operating system that enables seamless integration of Latch devices with other building management systems; Latch Intercom, a video intercom system that allows building residents to communicate with visitors remotely; and Latch Green, a sustainability initiative that focuses on energy-efficient and eco-friendly smart building solutions.
Moreover, Latch Inc prioritizes innovation and continuous improvement. The company invests heavily in research and development to constantly enhance their products and services. They also have a dedicated customer support team that provides assistance to users and property managers, ensuring a smooth and positive experience with their smart access solutions.
In summary, Latch Inc is an industry leader in smart access systems and software solutions. With their comprehensive product offerings, commitment to innovation, and focus on convenience and security, they are transforming the way people access and manage physical spaces.