Exchange: NYSE·Updated 07:30 PM EDT
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SMRT SmartRent Inc - Ordinary Shares - Class A

$1.16
$0.01
(0.86%)
Today
Closed $1.17
$0.0062
(0.53%)
After Hours
EarningsNov 4
Mkt Cap$224.19M
Vol322,253.00

About SMRT

SmartRent, Inc. is an enterprise smart home automation company developing software and hardware that empowers property owners, managers and homebuilders to effectively manage, protect and automate daily operational processes. Its solutions are designed to provide property managers seamless visibility and control over all their communities assets while delivering additional revenue opportunities through all-in-one home control apps for residents. Its smart home products and solutions were conceptualized, innovated and built by former multi-family operators to maximize efficiency, increase convenience, oversee asset protection and more, all from one dashboard. The company was founded by Lucas Haldeman in 2017 and is headquartered in Phoenix, AZ.
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Neutral Sentiment

How do you feel about SMRT?

Bluestarmojo78
$SMRT The Disconnect: Trading at $1.19 (P/S ~1.4x, EV/Rev 0.89x) vs. SaaS peers at 3x+. The market prices SMRT as a legacy hardware installer, completely discounting its high-margin turnaround. 🛡️ Balance Sheet: Fortress position. $92.7M cash, $75M credit line, zero debt. Quarterly cash burn slashed from -$16.2M to -$4.6M. Cash runway is 5+ years. Management launched a fresh $25M share buyback program. 🚀 The Pivot: Shifting to software-first via a Databricks AI partnership to monetize its 930k+ unit base. Inventory slashed 24% over 3 quarters to de-risk from a cooling multifamily housing market. Gross margins expanded 760 bps to 40.7%. 🎯 Outlook: SaaS growth (+13.6% ARR to $64.5M) will eclipse remaining hardware drag. Mathematically on track for full FCF break-even by Q1 2027 (crossing 1M units). Once profitable, algorithmic screeners will re-rate the stock out of penny territory.
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