SMRT

SmartRent Posts Narrower Loss In Q4 - Quick Facts

(RTTNews) - SmartRent, Inc. (SMRT) posted a fourth quarter net loss of $3.3 million, compared to a loss of $21.4 million, a year ago. Loss per share was $0.02 compared to a loss of $0.11. On average, six analysts polled by Thomson Reuters expected the company to report loss per share of $0.01, for the quarter. Analysts' estimates typically exclude special items.

Total revenue was $60.3 million, an increase of 49% from prior year. Analysts on average had estimated $59.49 million in revenue.

For the first quarter, the company expects total revenue of $47 million to $53 million. For 2024, the company expects total revenue of $260 million to $290 million.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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