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The latest announcement is out from Latch ( (LTCH) ).
Latch, Inc. has successfully completed the restatement of its previously issued financial statements and filed its 2022 Annual Report with the SEC. This marks a significant milestone as the company works towards fulfilling its SEC filing obligations and aims to have its securities quoted on the OTC Markets. The restatement, which covered financial statements from 2019 to 2022, was prompted by an investigation into the company’s revenue recognition practices and internal controls, resulting in adjustments to prior periods’ financial data.
More about Latch
Latch, Inc. is a company focused on enhancing living, working, and visiting spaces through a combination of software, devices, and services. Soon to be rebranded as DOOR, the company aims to revolutionize property management and elevate residential living by integrating AI and machine learning into access control, IoT integrations, and a suite of services for residents and property managers.
YTD Price Performance: -82.84%
Average Trading Volume: 237,302
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $20.07M
Learn more about LTCH stock on TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
