SmartRent Inc - Ordinary Shares - Class A Stock News

SmartRent, Inc. (NYSE:SMRT ) Q1 2025 Earnings Conference Call May 7, 2025 11:30 AM ET Company Participants Kristen Lee - Chief Legal Officer John Dorman - Interim Chief Executive Officer Daryl Stemm - Chief Financial Officer Conference Call Participants Ryan Tomasello - KBW Yi Fu Lee - Cantor Fitzgerald Operator Thank you for standing by. My name is Van, and I will be your conference operator t...

PHOENIX--(BUSINESS WIRE)--SmartRent reports first quarter 2025 results; annual recurring revenue of $55.9 million, an increase of 17% year over year.

PHOENIX--(BUSINESS WIRE)--SmartRent intends to provide timely notice to the NYSE of its intent to regain compliance with the NYSE minimum share price requirement.

PHOENIX--(BUSINESS WIRE)--SmartRent will report first quarter 2025 financial results and host a conference call on May 7, 2025.

With the new CEO resigning unexpectedly, the stock has seen a significant drop in price of almost 30% in a single day. The company's SaaS revenue grew 26% y/y in 2024, driven by higher ARPU and more units deployed, offsetting a decline in hardware revenue. SmartRent has a strong balance sheet with $142m in cash, providing a 5-year runway to execute its strategic transformation towards a SaaS-fo...

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--At the request of the Board of Directors, Shane Paladin has stepped down from his positions as President and CEO effective immediately.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $SMRT #alloy--SmartRent today announced the rollout of its Teams, Smart Launch and Triggers features in its Work Management solution.

PHOENIX--(BUSINESS WIRE)--SmartRent Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced that it granted inducement awards under its 2025 Inducement Equity Incentive Plan (the “Plan”) to Michael Shane Paladin, SmartRent's President and Chief Executive Officer, as induce...