SmartRent, Inc. financial data

Symbol
SMRT on NYSE
Location
8665 E Hartford Drive Suite 200, Scottsdale, AZ
State of incorporation
DE
Fiscal year end
December 31
Former names
Fifth Wall Acquisition Corp. I (to 8/24/2021)
Latest financial report
10-Q - Q2 2024 - Aug 7, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 294 % -3.49%
Quick Ratio 34.5 % -38.1%
Debt-to-equity 47.3 % -5.09%
Return On Equity -6.92 % +64.7%
Return On Assets -4.7 % +64%
Operating Margin -15.1 % +59.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 202M shares +1.08%
Common Stock, Shares, Outstanding 202M shares +1.05%
Entity Public Float 681M USD +19.6%
Common Stock, Value, Issued 20K USD 0%
Weighted Average Number of Shares Outstanding, Basic 202M shares +1.19%
Weighted Average Number of Shares Outstanding, Diluted 202M shares +1.19%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 217M USD +5.24%
Revenue from Contract with Customer, Excluding Assessed Tax 217M USD +5.24%
Cost of Revenue 150M USD -17.7%
Research and Development Expense 30.9M USD +7.56%
Selling and Marketing Expense 18.5M USD -5.48%
General and Administrative Expense 50.7M USD -2.69%
Operating Income (Loss) -32.9M USD +56.9%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -23.3M USD +66.9%
Income Tax Expense (Benefit) -6K USD -101%
Net Income (Loss) Attributable to Parent -23.3M USD +67.1%
Earnings Per Share, Basic -0.11 USD/shares +69.4%
Earnings Per Share, Diluted -0.11 USD/shares +69.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 187M USD -4.84%
Accounts Receivable, after Allowance for Credit Loss, Current 65.2M USD +8.64%
Inventory, Net 34.4M USD -43.1%
Other Assets, Current 8.01M USD -15.3%
Assets, Current 314M USD -9.35%
Property, Plant and Equipment, Net 1.32M USD -23.5%
Operating Lease, Right-of-Use Asset 1.82M USD -43.9%
Intangible Assets, Net (Excluding Goodwill) 25.3M USD -13.3%
Goodwill 117M USD 0%
Other Assets, Noncurrent 11.1M USD +6.86%
Assets 475M USD -8.85%
Accounts Payable, Current 6.45M USD +2.3%
Employee-related Liabilities, Current 6.14M USD -5.83%
Accrued Liabilities, Current 6.97M USD +16.3%
Liabilities, Current 100M USD -16.8%
Operating Lease, Liability, Noncurrent 1.31M USD -53.2%
Other Liabilities, Noncurrent 961K USD -74.3%
Liabilities 146M USD -16.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax -221K USD -173%
Retained Earnings (Accumulated Deficit) -304M USD -10.8%
Stockholders' Equity Attributable to Parent 329M USD -5.13%
Liabilities and Equity 475M USD -8.85%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -3.34M USD +67.6%
Net Cash Provided by (Used in) Financing Activities -6.46M USD -249%
Net Cash Provided by (Used in) Investing Activities -956K USD +18.2%
Common Stock, Shares Authorized 500M shares 0%
Common Stock, Shares, Issued 202M shares +1.05%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -10.8M USD +19%
Interest Paid, Excluding Capitalized Interest, Operating Activities 72K USD +2.86%
Deferred Tax Assets, Valuation Allowance 71.5M USD +15.9%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure
Deferred Tax Assets, Gross 85.1M USD +7.28%
Operating Lease, Liability 2.85M USD -35.1%
Payments to Acquire Property, Plant, and Equipment 34K USD +25.9%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -23.5M USD +66.7%
Lessee, Operating Lease, Liability, to be Paid 2.89M USD -34.9%
Property, Plant and Equipment, Gross 4.15M USD +10.9%
Operating Lease, Liability, Current 1.54M USD -3.16%
Lessee, Operating Lease, Liability, to be Paid, Year Two 649K USD -57.6%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.57M USD -6.26%
Operating Lease, Weighted Average Discount Rate, Percent 0.03 pure 0%
Deferred Income Tax Expense (Benefit) -4.84M USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 38K USD -19.1%
Lessee, Operating Lease, Liability, to be Paid, Year Three 496K USD -11.9%
Preferred Stock, Shares Authorized 50M shares 0%
Unrecognized Tax Benefits 3.82M USD -83.6%
Additional Paid in Capital 634M USD +1.94%
Amortization of Intangible Assets 3.87M USD -3.9%
Depreciation, Depletion and Amortization 1.5M USD +19.7%
Deferred Tax Assets, Net of Valuation Allowance 13.6M USD -22.9%
Share-based Payment Arrangement, Expense 12.9M USD -3.35%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%