Latest news with #SmartRent
Business Wire
16-07-2025
- Business
- Business Wire
SmartRent to Report Second Quarter 2025 Financial Results on August 6, 2025
PHOENIX--(BUSINESS WIRE)--SmartRent, Inc. (NYSE: SMRT) ('SmartRent' or the 'Company'), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced it will release second quarter of financial year 2025 results and host a conference call on Wednesday, August 6, 2025. Second quarter 2025 financial results will be released before the market opens, and at 11:30 a.m. ET, Frank Martell, the Company's President and Chief Executive Officer, and Daryl Stemm, Chief Financial Officer, will host a conference call and webcast to discuss the Company's performance. The press release and supporting materials will be available in the Events and Presentations section of the Company's Investor Relations website. SmartRent Second Quarter 2025 Financial Results Conference Call Date: Wednesday, August 6, 2025 Time: 11:30 a.m. ET Dial-in: To access the conference call via telephone, please register here to be provided with dial-in details. To avoid delays, participants are encouraged to dial into the conference call 15 minutes ahead of the scheduled start time. Webcast: A live and archived webcast of the conference call will be accessible from the Events and Presentations section of the Company's Investor Relations website at About SmartRent Founded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart communities solutions and smart operations solutions to the rental housing industry. SmartRent's end-to-end ecosystem powers smarter living and working in rental housing by automating operations, protecting assets, reducing energy consumption and more. The company's differentiators - purpose-built software and hardware, and end-to-end implementation and support - create an exceptional experience, with 15 of the top 20 multifamily operators and millions of users leveraging SMRT solutions daily. For more information, please visit
Yahoo
05-07-2025
- Business
- Yahoo
Following a 53% decline over last year, recent gains may please SmartRent, Inc. (NYSE:SMRT) institutional owners
Institutions' substantial holdings in SmartRent implies that they have significant influence over the company's share price 51% of the business is held by the top 12 shareholders Past performance of a company along with ownership data serve to give a strong idea about prospects for a business This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. A look at the shareholders of SmartRent, Inc. (NYSE:SMRT) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 59% ownership. Put another way, the group faces the maximum upside potential (or downside risk). After a year of 53% losses, last week's 19% gain would be welcomed by institutional investors as a possible sign that returns might start trending higher. Let's take a closer look to see what the different types of shareholders can tell us about SmartRent. See our latest analysis for SmartRent Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that SmartRent does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at SmartRent's earnings history below. Of course, the future is what really matters. Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. It would appear that 5.3% of SmartRent shares are controlled by hedge funds. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. BlackRock, Inc. is currently the largest shareholder, with 7.7% of shares outstanding. For context, the second largest shareholder holds about 7.2% of the shares outstanding, followed by an ownership of 6.2% by the third-largest shareholder. After doing some more digging, we found that the top 12 have the combined ownership of 51% in the company, suggesting that no single shareholder has significant control over the company. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our most recent data indicates that insiders own some shares in SmartRent, Inc.. As individuals, the insiders collectively own US$19m worth of the US$209m company. Some would say this shows alignment of interests between shareholders and the board. But it might be worth checking if those insiders have been selling. The general public-- including retail investors -- own 26% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It's always worth thinking about the different groups who own shares in a company. But to understand SmartRent better, we need to consider many other factors. For instance, we've identified 2 warning signs for SmartRent that you should be aware of. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. — Investing narratives with Fair Values Suncorp's Next Chapter: Insurance-Only and Ready to Grow By Robbo – Community Contributor Fair Value Estimated: A$22.83 · 0.1% Overvalued Thyssenkrupp Nucera Will Achieve Double-Digit Profits by 2030 Boosted by Hydrogen Growth By Chris1 – Community Contributor Fair Value Estimated: €14.40 · 0.3% Overvalued Tesla's Nvidia Moment – The AI & Robotics Inflection Point By BlackGoat – Community Contributor Fair Value Estimated: $359.72 · 0.1% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
05-07-2025
- Business
- Yahoo
Following a 53% decline over last year, recent gains may please SmartRent, Inc. (NYSE:SMRT) institutional owners
Institutions' substantial holdings in SmartRent implies that they have significant influence over the company's share price 51% of the business is held by the top 12 shareholders Past performance of a company along with ownership data serve to give a strong idea about prospects for a business This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. A look at the shareholders of SmartRent, Inc. (NYSE:SMRT) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 59% ownership. Put another way, the group faces the maximum upside potential (or downside risk). After a year of 53% losses, last week's 19% gain would be welcomed by institutional investors as a possible sign that returns might start trending higher. Let's take a closer look to see what the different types of shareholders can tell us about SmartRent. See our latest analysis for SmartRent Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that SmartRent does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at SmartRent's earnings history below. Of course, the future is what really matters. Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. It would appear that 5.3% of SmartRent shares are controlled by hedge funds. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. BlackRock, Inc. is currently the largest shareholder, with 7.7% of shares outstanding. For context, the second largest shareholder holds about 7.2% of the shares outstanding, followed by an ownership of 6.2% by the third-largest shareholder. After doing some more digging, we found that the top 12 have the combined ownership of 51% in the company, suggesting that no single shareholder has significant control over the company. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our most recent data indicates that insiders own some shares in SmartRent, Inc.. As individuals, the insiders collectively own US$19m worth of the US$209m company. Some would say this shows alignment of interests between shareholders and the board. But it might be worth checking if those insiders have been selling. The general public-- including retail investors -- own 26% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It's always worth thinking about the different groups who own shares in a company. But to understand SmartRent better, we need to consider many other factors. For instance, we've identified 2 warning signs for SmartRent that you should be aware of. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. — Investing narratives with Fair Values Suncorp's Next Chapter: Insurance-Only and Ready to Grow By Robbo – Community Contributor Fair Value Estimated: A$22.83 · 0.1% Overvalued Thyssenkrupp Nucera Will Achieve Double-Digit Profits by 2030 Boosted by Hydrogen Growth By Chris1 – Community Contributor Fair Value Estimated: €14.40 · 0.3% Overvalued Tesla's Nvidia Moment – The AI & Robotics Inflection Point By BlackGoat – Community Contributor Fair Value Estimated: $359.72 · 0.1% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
SmartRent Appoints Thomas Bohjalian to Board of Directors
Seasoned professional brings decades of real estate and finance industry experience PHOENIX, June 24, 2025--(BUSINESS WIRE)--SmartRent, Inc. (NYSE: SMRT), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the appointment of Thomas "Tom" Bohjalian to its Board of Directors. He will serve as a member of the Audit and Compensation Committees. Tom brings over 30 years of real estate and multifamily housing industry experience and public company governance to SmartRent's board. He currently serves as the board chair of Healthcare Realty Trust, Incorporated (NYSE: HR) and was previously on the board of directors for Apartment Income REIT Corporation (NYSE: AIRC). He serves as a senior real estate advisor to BeyondView, a PropTech start-up focused on digital twins of commercial real estate. In addition to his current board and advisory roles, Bohjalian has an extensive background in finance. He spent nearly two decades in various roles at Cohen & Steers, Inc. (NYSE: CNS), a global investment manager specializing in real assets and alternative income, including most recently as the Executive Vice President, Head of U.S. Real Estate and Senior Portfolio Manager. A Chartered Financial Analyst, Tom holds a Bachelor of Science in Business Administration and Master of Business Administration from Northeastern University. "We are pleased to welcome Tom to SmartRent's Board of Directors. He brings deep expertise in real estate, specifically with the customer segment served by SmartRent, with a strong record at the intersection of housing and finance," said Frank Martell, SmartRent's President and Chief Executive Officer. "This background makes him well-equipped to provide strategic oversight for SmartRent, helping us meet the diverse needs of the owners, property teams and residents we serve." About SmartRent Founded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart communities solutions and smart operations solutions to the rental housing industry. SmartRent's end-to-end enterprise ecosystem powers smarter living and working in rental housing by automating operations, protecting assets, reducing energy consumption, enhancing the resident experience and more. The company's differentiators - purpose-built software and hardware, and end-to-end implementation and support - create an exceptional experience, with 15 of the top 20 multifamily operators and millions of users leveraging SMRT solutions daily. For more information, please visit View source version on Contacts Media Contact Amanda Chavez - Vice President, Marketing and Communicationsmedia@ Investor ContactKelly Reisdorf - Head of Investor Relationsinvestors@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
SMRT Q1 Earnings Call: Strategic Restructuring Amid Revenue Decline and Leadership Transition
Smart home company SmartRent (NYSE:SMRT) reported Q1 CY2025 results beating Wall Street's revenue expectations , but sales fell by 18.1% year on year to $41.34 million. Its non-GAAP loss of $0.05 per share was significantly below analysts' consensus estimates. Is now the time to buy SMRT? Find out in our full research report (it's free). Revenue: $41.34 million vs analyst estimates of $40.08 million (18.1% year-on-year decline, 3.1% beat) Adjusted EPS: -$0.05 vs analyst estimates of -$0.01 (significant miss) Adjusted EBITDA: -$6.37 million vs analyst estimates of -$4.57 million (-15.4% margin, 39.4% miss) Market Capitalization: $167.5 million SmartRent's first quarter results were shaped by ongoing internal restructuring and a deliberate shift away from hardware sales in favor of recurring software revenue. Interim CEO John Dorman highlighted the company's focus on streamlining operations, breaking down organizational silos, and strengthening its sales and customer success teams, noting, "We have shifted our focus and technology investment away from developing and selling our own branded hardware components." Management acknowledged that execution challenges have weighed on performance, especially as hardware revenues declined, but pointed to sustained high customer retention and SaaS revenue growth as validation of the core platform's value proposition. Looking ahead, management emphasized that 2025 will be a year of rebuilding the company's foundation, with the primary goal of achieving sustainable growth in software-as-a-service (SaaS) revenue and returning to profitability. Dorman suggested that the timing of a noticeable positive inflection will depend on ramping up new sales talent and broader macroeconomic factors impacting customer investment cycles. He explained, 'Our products have a long sales cycle that is tied in with the capital investment cycle of our major customers, so there remains some degree of uncertainty as to the timing for this year.' The company is also actively seeking a permanent CEO, with the intention to continue executing its current strategy during the transition. Management attributed Q1 results to its strategic transition from hardware sales to a recurring SaaS model, ongoing operational restructuring, and the impact of leadership changes. Go-to-market reorganization: The company completed the initial phase of rebuilding its sales organization, led by Chief Revenue Officer Natalie Cariola, and is still hiring for customer success roles to better support customers throughout the product lifecycle. Operational restructuring: SmartRent has broken down previous organizational silos and consolidated customer-facing functions, aiming to create a more scalable and customer-centered support system. This restructuring is expected to improve efficiency and responsiveness. Shift in revenue mix: Hardware revenue declined as SmartRent intentionally reduced its focus on hardware sales. Instead, SaaS revenue grew 17% year-over-year, reflecting increased average revenue per unit and strong customer retention rates above 99.9%. Cost reduction efforts: Over $10 million in annualized cost savings have been executed, with the impact expected to become more apparent in the second half of the year. Management noted these savings are part of a broader initiative to improve cash flow and accelerate the path to profitability. Leadership transition and board changes: The company is in the final stages of its CEO search after a rapid leadership change, and has strengthened its board with new members experienced in scaling recurring revenue businesses. The goal is to ensure operational alignment and accelerate strategic execution. SmartRent's outlook is driven by efforts to grow SaaS revenue, improve operational efficiency, and mitigate external risks such as tariffs and market cycles. SaaS revenue expansion: Management expects continued growth in recurring SaaS revenue to drive long-term value, supported by a larger sales team and improved customer engagement processes. The shift away from hardware aims to build a more stable and predictable revenue base. Operational efficiency and cost control: The full benefit of the recent $10 million cost reduction initiative is expected to be realized in the second half of the year, with management stating that these savings will support progress toward adjusted EBITDA profitability. Further efficiencies are being sought through process improvements and infrastructure optimization. External risks and mitigation: Recently announced tariffs on imported hardware components may create cost pressures later in the year. The company is exploring changes to manufacturing locations and working with suppliers to minimize tariff impacts, but acknowledges uncertainty given the fluid nature of trade policy and broader macroeconomic conditions. Looking forward, the StockStory team will be monitoring (1) the pace at which SaaS revenue becomes a larger share of the business, (2) signs that the expanded sales and customer success teams are boosting new bookings and client engagement, and (3) how effectively SmartRent mitigates cost pressures from tariffs and executes its cost reduction plan. The appointment of a permanent CEO and ongoing progress in operational efficiency will also be key markers of execution. SmartRent currently trades at a forward price-to-sales ratio of 1.1×. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it's free). 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