SmartRent Q2 Earnings Call Highlights

Impact · against what's priced in

SmartRent is showing strong fundamental momentum with accelerating core revenue growth and a shift toward a higher-margin SaaS model. The achievement of a third consecutive quarter of positive adjusted EBITDA marks a critical transition toward consistent profitability.

SMRT+0.60

No priced-in read yet

In context

Core revenue grew 14% to $38 million, the highest rate in two years, while total gross margin expanded 760 basis points to 41%. The company also hit a key milestone with its third straight quarter of positive adjusted EBITDA ($700,000).

Read from the article alone

• earnings
• ai
• SMRT
• iot
• margins
• proptech
• recurring revenue
• saas
• smart home

Search tags