Latch, Inc. financial data

Symbol
LTCH on OTC
Industry
Wholesale-Hardware
Location
1220 N Price Road, Suite 2, Olivette, MO
State of incorporation
DE
Fiscal year end
December 31
Former names
TS Innovation Acquisitions Corp. (to 6/7/2021)
Latest financial report
10-K - Q4 2022 - Dec 19, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 667 % -43.3%
Quick Ratio 64.7 % +3.08%
Debt-to-equity 27.1 % +0.15%
Return On Equity -57.3 % +8.57%
Return On Assets -45.1 % -2.22%
Operating Margin -385 % +28.9%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 161M shares
Common Stock, Shares, Outstanding 145M shares +2.14%
Entity Public Float 130M USD -90.7%
Common Stock, Value, Issued 16K USD +6.67%
Weighted Average Number of Shares Outstanding, Basic 145M shares +2.21%
Weighted Average Number of Shares Outstanding, Diluted 145M shares +2.21%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 43M USD +55.6%
Cost of Revenue 46.9M USD +43.6%
Research and Development Expense 54.9M USD +18.9%
Selling and Marketing Expense 45.6M USD +32.7%
General and Administrative Expense 55.3M USD -9.06%
Operating Income (Loss) -165M USD -10.5%
Nonoperating Income (Expense) 3M USD -99.8%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -162M USD +2.64%
Income Tax Expense (Benefit) 89K USD +67.9%
Net Income (Loss) Attributable to Parent -162M USD +2.88%
Earnings Per Share, Basic -1.13 USD/shares +77.9%
Earnings Per Share, Diluted -1.13 USD/shares +77.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 110M USD -12%
Accounts Receivable, after Allowance for Credit Loss, Current 7.03M USD -40.9%
Inventory, Net 29.4M USD +27.6%
Assets, Current 279M USD -15.9%
Property, Plant and Equipment, Net 2.47M USD +20.9%
Operating Lease, Right-of-Use Asset 419K USD -40.1%
Intangible Assets, Net (Excluding Goodwill) 133K USD -84.3%
Other Assets, Noncurrent 3.16M USD +39.9%
Assets 317M USD -29.6%
Accounts Payable, Current 6.01M USD -7.86%
Accrued Liabilities, Current 25.6M USD +5.5%
Contract with Customer, Liability, Current 10.7M USD +47.2%
Liabilities, Current 44.3M USD +3.87%
Contract with Customer, Liability, Noncurrent 31.2M USD +34.6%
Other Liabilities, Noncurrent 176K USD
Liabilities 75.9M USD +0.39%
Accumulated Other Comprehensive Income (Loss), Net of Tax -1.46M USD -116%
Retained Earnings (Accumulated Deficit) -494M USD -49%
Stockholders' Equity Attributable to Parent 241M USD -35.6%
Liabilities and Equity 317M USD -29.6%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -43.7M USD -205%
Net Cash Provided by (Used in) Financing Activities -2.18M USD -173%
Net Cash Provided by (Used in) Investing Activities 12.1M USD
Common Stock, Shares Authorized 1B shares 0%
Common Stock, Shares, Issued 145M shares +2.14%
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 -33.8M USD -156%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 110M USD -12%
Deferred Tax Assets, Valuation Allowance 121M USD +51.6%
Deferred Tax Assets, Gross 124M USD +49.9%
Operating Lease, Liability 424K USD +112%
Payments to Acquire Property, Plant, and Equipment 1.22M USD +308%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -163M USD +2.81%
Lessee, Operating Lease, Liability, to be Paid 461K USD
Property, Plant and Equipment, Gross 5.67M USD +45.4%
Lessee, Operating Lease, Liability, to be Paid, Year Two 183K USD -2.66%
Lessee, Operating Lease, Liability, to be Paid, Year One 278K USD -59.1%
Operating Lease, Weighted Average Discount Rate, Percent 0.15 pure
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 37K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 0 USD
Deferred Tax Assets, Operating Loss Carryforwards 89.6M USD +33.8%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 0 USD
Operating Lease, Payments 124K USD
Additional Paid in Capital 736M USD +4.24%
Depreciation, Depletion and Amortization 5.5M USD +78%
Deferred Tax Assets, Net of Valuation Allowance 3.47M USD +6.32%
Share-based Payment Arrangement, Expense 5.08M USD -16.5%