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Latch Inc

Technology US LTCHW

NoneUSD
-(-%)

Last update at 2024-07-25T17:02:20.241876Z

Day Range

--
LowHigh

52 Week Range

0.00010.24
LowHigh

Fundamentals

  • Previous Close 0.05
  • Market Cap1775.64M
  • VolumeNone
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-159.27699M
  • Revenue TTM48.39M
  • Revenue Per Share TTM0.41
  • Gross Profit TTM 0.00000M
  • Diluted EPS TTM-

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly
Date 2021-12-31 2020-12-31 2019-12-31
Income before tax -166.26600M -65.98600M -50.17600M
Minority interest - - -
Net income -166.31900M -65.99400M -50.22600M
Selling general administrative 61.82M 19.80M 15.15M
Selling and marketing expenses 34.98M 13.13M 13.08M
Gross profit -2.67800M -2.17800M -2.41000M
Reconciled depreciation 3.24M 1.38M 0.72M
Ebit -148.56800M -61.79700M -49.70300M
Ebitda -135.40700M -59.35300M -48.06400M
Depreciation and amortization 13.16M 2.44M 1.64M
Non operating income net other -9.92100M - -
Operating income -148.56800M -61.79700M -49.70300M
Other operating expenses 189.93M 79.86M 64.59M
Interest expense 7.78M 5.25M 1.39M
Tax provision 0.05M 0.00800M 0.05M
Interest income - - -
Net interest income -7.77700M -3.17200M 0.44M
Extraordinary items - - -
Non recurring - - -
Other items - - -
Income tax expense 0.05M 0.00800M 0.05M
Total revenue 41.36M 18.06M 14.89M
Total operating expenses 145.89M 59.62M 47.29M
Cost of revenue 44.04M 20.24M 17.30M
Total other income expense net -17.69800M -4.18900M -0.47300M
Discontinued operations - - -
Net income from continuing ops -166.31900M -65.99400M -50.22600M
Net income applicable to common shares -166.31900M - -
Preferred stock and other adjustments - - -
Breakdown 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly
Date 2021-12-31 2020-12-31 2019-12-31
Total assets 452.30M 89.61M -
Intangible assets 12.47M 7.42M -
Earning assets - - -
Other current assets 11.61M 3.31M -
Total liab 74.75M 243.89M -
Total stockholder equity 377.56M -154.27700M -
Deferred long term liab - - -
Other current liab 4.34M 5.78M -
Common stock 0.03M 285.06M -
Capital stock 0.03M 0.00000M -
Retained earnings -328.50600M -162.18700M -
Other liab - - -
Good will - - -
Other assets - - -
Cash 124.78M 60.53M -
Cash and equivalents - - -
Total current liabilities 40.77M 11.86M -
Current deferred revenue 6.02M 2.34M -
Net debt -124.78200M -3.33400M -
Short term debt 24.18M - -
Short long term debt - - -
Short long term debt total - 57.20M -
Other stockholder equity 254.41M 7.90M -
Property plant equipment 2.04M - -
Total current assets 332.62M 80.36M -
Long term investments 102.88M 0.00000M -
Net tangible assets 377.56M - -
Short term investments 158.97M 300.00M -
Net receivables 25.64M 8.23M -
Long term debt - 57.20M -
Inventory 11.62M 8.29M -
Accounts payable 6.23M 3.73M -
Total permanent equity - - -
Noncontrolling interest in consolidated entity - - -
Temporary equity redeemable noncontrolling interests - - -
Accumulated other comprehensive income -0.67600M 0.00900M -
Additional paid in capital - - -
Common stock total equity 0.03M 285.06M -
Preferred stock total equity - - -
Retained earnings total equity -328.50600M - -
Treasury stock - - -
Accumulated amortization - - -
Non currrent assets other 2.29M 1.08M -
Deferred long term asset charges - - -
Non current assets total 119.69M 9.25M -
Capital lease obligations - - -
Long term debt total - - -
Breakdown 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly
Date 2021-12-31 2020-12-31 2019-12-31
Investments -277.66300M -5.46800M -3.76600M
Change to liabilities 22.04M - -
Total cashflows from investing activities -277.66300M - -
Net borrowings -1.63200M - -
Total cash from financing activities 447.78M 65.41M 66.09M
Change to operating activities - - -
Net income -166.31900M -65.99400M -50.22600M
Change in cash 64.25M 6.31M 14.70M
Begin period cash flow 60.53M 54.22M 39.52M
End period cash flow 124.78M 60.53M 54.22M
Total cash from operating activities -105.86000M -53.64200M -47.62500M
Issuance of capital stock 3.26M 10.53M 57.09M
Depreciation 3.24M 1.38M 0.72M
Other cashflows from investing activities -7.27900M - -
Dividends paid - - -
Change to inventory -3.50800M -2.28500M -3.37600M
Change to account receivables -19.30700M -1.26700M -6.45300M
Sale purchase of stock 3.26M - -
Other cashflows from financing activities 454.09M 68.62M 65.78M
Change to netincome 46.47M - -
Capital expenditures 8.82M 5.47M 3.77M
Change receivables -19.30700M - -
Cash flows other operating 11.52M - -
Exchange rate changes - - -
Cash and cash equivalents changes 64.26M - -
Change in working capital 10.80M 6.45M -3.18300M
Stock based compensation 29.88M 1.52M 3.53M
Other non cash items 4.54M 1.29M 0.16M
Free cash flow -114.68000M -59.11000M -51.39100M

Peer Comparison

Sector: Technology Industry: Software - Application

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
LTCHW
Latch Inc
- -% - - - - -
CRM
Salesforce.com Inc
12.32 4.93% 262.10 100.89 27.47 7.42 4.34 7.44 26.81
SAPGF
SAP SE
4.49 2.16% 212.50 76.28 22.88 5.61 3.84 5.59 26.18
SAP
SAP SE ADR
3.76 1.80% 213.16 75.80 22.37 5.62 3.75 5.51 25.79
INTU
Intuit Inc
19.62 3.16% 639.86 55.56 32.68 11.28 10.07 11.62 40.11

Reports Covered

Stock Research & News

Profile

Latch, Inc. operates as an enterprise technology company in the United States and Canada. The company offers LatchOS, an operating system that extends smart access, delivery and guest management, smart home and sensors, connectivity, and personalization and services. Its software products include Latch Resident Mobile Applications, Latch Manager Web, and the Latch Manager Mobile Applications. The company also offers hardware devices that include M, C, and R series door-mounted access control products; Latch Intercom, which integrates into the Latch core access systems and allows audio and video calls for remote unlocking; Latch Camera, a dome camera; Latch Hub, a connectivity solution that enables smart access, smart home, and sensor devices at various buildings; and Latch Leak Detector, a solution to enable leak prevention, detection, and resolution for building owners and residents. In addition, it provides NFC unlock on Android that allows the user to unlock their door without even opening their phone; Latch Visitor Express, a contactless visitor entry system; and LatchID, an identification system. The company is headquartered in New York, New York.

Latch Inc

508 West 26th Street, New York, NY, United States, 10001

Key Executives

Name Title Year Born
Mr. Jason Keyes Interim Chief Executive Officer NA
Mr. Marc E. Landy Interim Chief Financial Officer NA
Claire Duval Vice President of Operations NA
Mr. Luciano Panaro Chief Technology Officer NA
Mr. Chris Peckham Head of Sales NA
Eugenia Adjigogovic Head of People NA
Mr. David Lillis Senior Vice President of Finance NA
Mr. James W. Siminoff Chief Strategy Officer & Director 1978
Mr. Barry Schaeffer Treasurer 1970

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