Why SmartRent Shares Are Down Today
Why SmartRent Shares Are Down Today
SmartRent (NYSE:SMRT) shares are trading lower after the company reported worse-than-expected fourth-quarter earnings and issued soft revenue guidance for first-quarter and FY24.
SmartRent(紐約證券交易所代碼:SMRT)的股價走低,此前該公司公佈的第四季度收益低於預期,併發布了第一季度和24財年的軟收入指導。
Revenue rose 49% Y/Y to $60.25 million, beating the consensus of $59.50 million. SaaS revenue increased 43% Y/Y to $11.6 million in the quarter.
收入同比增長49%,至6,025萬美元,超過了市場預期的5,950萬美元。本季度SaaS收入同比增長43%,達到1160萬美元。
As of the end of the year, Units Deployed stood at 719,691. ARR Booked in the quarter exceeded $5 million for the second consecutive quarter and Net Revenue Retention for the year was 105%.
截至年底,部署的單位爲719,691人。該季度的ARR連續第二個季度超過500萬美元,該年度的淨收入保留率爲105%。
Adjusted EBITDA stood at $0.7 million, the first period of generating a positive Adjusted EBITDA versus a loss of $(14.1) million in the quarter.
調整後的息稅折舊攤銷前利潤爲70萬美元,這是調整後息稅折舊攤銷前利潤爲正的第一個時期,而本季度虧損爲1,410萬美元。
EPS of $(0.02) missed the consensus of $(0.01).
每股收益(0.02)未達到共識(0.01)美元。
As of Dec. 31, 2023, cash, cash equivalents and restricted cash stood at $215.7 million, with no debt and an undrawn credit facility of $75 million.
截至2023年12月31日,現金、現金等價物和限制性現金爲2.157億美元,無債務,未提取信貸額度爲7,500萬美元。
"We are proud to mark this milestone and look forward to continuing to develop innovative solutions to strengthen our market-leading position as the smart communities and operations provider to the rental housing industry," SmartRent CEO Lucas Haldeman said.
SmartRent首席執行官盧卡斯·霍爾德曼說:“我們很自豪能夠紀念這一里程碑,並期待繼續開發創新的解決方案,以鞏固我們作爲租賃住房行業智能社區和運營提供商的市場領先地位。”
"In 2024, this includes investing in scaling our Community WiFi capabilities to take advantage of the early-stage multi-billion dollar market opportunity and complement our existing product offerings."
“在2024年,這包括投資擴大我們的社區WiFi能力,以利用早期階段數十億美元的市場機會,補充我們現有的產品供應。”
Buyback: The company announced a $50 million stock repurchase program.
回購:該公司宣佈了一項5000萬美元的股票回購計劃。
Outlook: For the first quarter, SmartRent expects revenue of $47 million-$53 million (versus estimate of $64.92 million) and adjusted EBITDA of $(1) million to positive $250 thousand.
展望:SmartRent預計第一季度收入爲4700萬至5,300萬美元(估計爲6,492萬美元),調整後的息稅折舊攤銷前利潤爲正25萬美元(100)萬美元至正25萬美元。
For FY24, the company projects revenue of $260 million-$290 million (versus estimate of $289.256 million) and adjusted EBITDA of $5 million to $8 million.
該公司預計24財年的收入爲2.6億至2.9億美元(而估計爲2.89256億美元),調整後的息稅折舊攤銷前利潤爲500萬至800萬美元。
SMRT Price Action: SmartRent shares are down 4.84% at $2.75 on the last check Tuesday.
SMRT價格走勢:週二的最後一次支票中,SmartRent股價下跌4.84%,至2.75美元。
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照片:Shutterstock