LTCH - Sizing Up SmartRent
- Shares of smart building solutions provider SmartRent, Inc. are down some 60% from their first trade in the public markets on August 25, 2021.
- The SPAC-birthed company’s high-flying revenue forecasts have been impacted by supply chain issues, but its top line is still expected to increase 112% in FY22 versus FY21.
- Operating in an industry projected to experience significant growth and now trading at 3.5x FY22E revenue net of cash, the recent insider buying into this busted IPO merited a deeper.
- A full investment analysis follows in the paragraphs below.
For further details see:
Sizing Up SmartRent