LTCH News and Press, Latch Inc. From 03/12/22

The tech industry has spawned numerous stocks that have generated outsize growth. Tech is so influential that seven of the top 10 stocks, as measured by market cap, all come from this industry (and two of the others are tech adjacent). Moreover, the industry continues to produce such co...

Amid worsening inflation, anxiety around impending aggressive interest rate increases has been driving massive sell-offs in the tech industry. However, financially strong tech stocks are expected to withstand the downtrend. Indeed, Wall Street analysts expect quality tech stocks Nokia (NOK), ...

The coronavirus pandemic created significant opportunities for the Software-as-a-Service (SaaS) industry, as companies’ reliance on SaaS increased to remain functional. With optimistic expectations regarding the global SaaS market, Wall Street analysts expect the SaaS stocks New Relic ...

Almost all special-purpose acquisition companies (SPACs) that came public in 2021 have been clobbered. As of November 2021, SPACs had dropped an average of 9.9% in price from their merger dates, and that does not account for the volatile start to 2022. One SPAC that stood out during...

Smart-lock and real estate software company Latch 's (NASDAQ: LTCH) business model holds one fundamental commonality with digital media player manufacturer and streaming platform Roku (NASDAQ: ROKU) : Both companies seek to derive growth from operating lucrative subscription...

Investors in growth and early-stage public companies have had a rough few months. This is exemplified in the price of the Renaissance IPO ETF , which is down over 32% in the last six months, compared to the S&P 500 , which is only down a measly 5% over that period. Many stocks h...

Many publicly traded companies delivered their full-year 2021 earnings reports in February, with mixed results. Reactions by investors have been somewhat distorted because of macroeconomic headwinds pushing back the broader market, like tensions in Europe and rising interest rates. But ...

The following slide deck was published by Latch, Inc. in conjunction with their 2021 Q4 earnings call. For further details see: Latch, Inc. 2021 Q4 - Results - Earnings Call Presentation

Gainers: Block (NYSE:SQ) +23%. Where Food Comes From (NASDAQ:WFCF) +21%. Cyren (NASDAQ:CYRN) +21%. Kaltura (NASDAQ:KLTR) +20%. IronNet (NYSE:IRNT) +19%. Losers: Everbridge (NASDAQ:EVBG) -38%. LivePerson (NASDAQ:LPSN) -27%. Latch (NASDAQ:LTCH) -25%. Vico...

Latch (LTCH -24.9%) Q4 revenue beat consensus by $0.93M to $14.5M, a 94% Y/Y jump. Total Bookings of $96.8M, up 113% Y/Y Total Booked ARR of $71.5M, up 130% Y/Y. Cumulative Booked Home Units were ~590,000, up 94% Y/Y. Adjusted EBITDA was $(44.4)M, down compared to $(12.9)M prior. GAAP Ne...