Smartrent Inc   (SMRT)
Other Ticker:  
Price: $2.3200 $0.03 1.310%
Day's High: $2.38 Week Perf: -5.69 %
Day's Low: $ 2.27 30 Day Perf: -13.43 %
Volume (M): 653 52 Wk High: $ 4.12
Volume (M$): $ 1,516 52 Wk Avg: $3.07
Open: $2.27 52 Wk Low: $2.16

 Market Capitalization (Millions $) 468
 Shares Outstanding (Millions) 202
 Employees 51
 Revenues (TTM) (Millions $) 217
 Net Income (TTM) (Millions $) -53
 Cash Flow (TTM) (Millions $) 209
 Capital Exp. (TTM) (Millions $) 0

Smartrent Inc
Smartrent Inc is a property management technology company that specializes in providing innovative solutions to optimize the rental process for property owners and renters. The company was founded in 2017 and is headquartered in Washington D.C., United States. Its mission is to create affordable and sustainable housing options for people.

Smartrent provides a range of services such as rent payment, maintenance requests, energy monitoring, and smart-home technology integration. Its proprietary platform uses artificial intelligence (AI) algorithms to offer property owners and managers insights on how to maximize their rental income and streamline their operations.

One of the features of the Smartrent platform is the smart-home integration, where the company installs devices like Nest thermostats, smart locks, and cameras in rental properties to enhance the tenant's living experience. These devices not only make rental units more attractive to potential renters but also provide property owners with real-time information on how their units are being used.

Smartrent also offers a variety of integrations with other property management tools such as leasing and marketing applications to provide a complete and seamless solution to both property owners and renters.

The company has partnerships with leading property management firms, including Lincoln Property Company, Greystar, and Alliance Residential Company, giving it a vast network of properties under management. Its customers range from traditional multifamily buildings to short-term rentals, commercial properties, and student housing.

Smartrent's impact on the industry is significant, as it has helped property owners improve their properties' energy efficiency, reduce operating costs, and improve their tenants' experience. With its use of cutting-edge technology, Smartrent aims to revolutionize the property management industry and provide affordable housing solutions for everyone.

   Company Address: 8665 E. Hartford Drive Scottsdale 85255 AZ
   Company Phone Number: 479-1555   Stock Exchange / Ticker: NYSE SMRT


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Smartrent Inc

SmartRent Inc's Third Quarter of 2023 Sees a Surge in Revenue and Decreased Loss per Share

SmartRent Inc, a leading provider of smart home and property operations solutions for the rental housing industry, delivered impressive financial results for the third quarter of 2023. The company showcased a significant decrease in loss per share compared to the previous year, while exhibiting remarkable revenue growth. This article aims to analyze SmartRent Inc's Q3 2023 earnings in the context of the overall financial landscape and provide insights into the company's stock performance.
Earnings and Revenue Growth:
In Q3 2023, SmartRent Inc demonstrated substantial progress in its earnings performance. The company managed to decrease its loss per share to $-0.04 from $-0.13 in the same period last year. Furthermore, the company's earnings per share (EPS) improved from $-0.05 in the preceding financial reporting period. This highlights the company's efforts in enhancing profitability and controlling costs effectively.

Smartrent Inc

SMRTsn Experiences Impressive Revenue Increase of 25.9% in Q2 2023, According to Observations from Smartrent Inc.

Smartrent Inc is a leading Cloud Computing & Data Analytics company that has shown impressive financial performance in recent years. In the financial time-frame ending June 30, 2023, the company reported a decrease in loss per share, from $-0.13 to $-0.05 compared to the previous year. This represents a significant improvement in profitability. Additionally, earnings per share improved from $-0.07 to $-0.05 per share from the previous reporting season.
One of the key highlights of Smartrent Inc's performance is its revenue growth. The company experienced a rapid increase in revenue of 25.921% to $53.40 million in the financial time-frame ending June 30, 2023, compared to $42.41 million in the same reporting season a year ago. However, sequentially, the revenue fell by -17.943% from $65.08 million. Despite the sequential decline, Smartrent Inc's revenue growth outpaced most of its peers in the Cloud Computing & Data Analytics sector during the second quarter of 2023. In fact, most businesses in the industry experienced a top-line improvement of 4.13% relative to the second quarter of 2022.

Smartrent Inc

Smartrent Inc Defies Odds with Narrowed Losses of $-0.07 per Share, Records Impressive Revenue Surge of 74%

Smartrent Inc, a cloud computing and data analytics company, reported its financial results for the January to March 31, 2023 period, showing improvements in its revenue and net shortfall. The company reported a loss of $-0.07 per share, compared to $-0.12 per share in the same period a year ago, and unchanged from the previous reporting period. This indicates that the company is gradually stabilizing its finances despite fluctuating market conditions.
Revenue for the period increased significantly by 74.199% to $65.08 million from $37.36 million in the same period a year ago. Sequentially, revenue surged by 60.487% from $40.55 million. This signifies the company's sustained growth trajectory, with a strong top-line performance that is sure to attract more investor interest.


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