SMRT - SmartRent GAAP EPS of -$0.13 revenue of $42.4M slashes FY22 guidance

• SmartRent press release ( NYSE: SMRT ): Q2 GAAP EPS of -$0.13.
• Revenue of $42.4M (+95.6% Y/Y).
• SaaS ARR of $30.6 million compared to $7.0 million, up 337%.

• Revised Full-Year 2022 Guidance

  • Total Revenue of $155 to $180 million from prior guidance of $220 to $250 million.
  • Adjusted EBITDA of $(75) to $(70) million from prior guidance of $(50) to $(35) million.
  • Units Deployed of 190,000 to 220,000 from prior guidance of 280,000 to 320,000.

  Quarter ended September 30, 2022 Guidance

  • Total Revenue of $43 to $47 million.
  • Units Deployed of 45,000 to 50,000.

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