SmartRent Inc - Ordinary Shares - Class A Stock News

PHOENIX--(BUSINESS WIRE)---- $SMRT #alloy--SmartRent announced an AI-powered intelligence layer and enhanced energy tools to help operators reduce waste, cut costs and support ESG goals.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $SMRT #alloy--SmartRent announced a Parks Associates whitepaper highlighting how multifamily communities have reduced utility costs by nearly 20% with smart tech.

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.