SmartRent, Inc. (SMRT) announced Loss for first quarter that decreased from the same period last year but missed the Street estimates.
The company's bottom line came in at -$7.692 million, or -$0.04 per share. This compares with -$13.215 million, or -$0.07 per share, in last year's first quarter.
Analysts on average had expected the company to earn -$0.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 22.4% to $50.489 million from $65.079 million last year.
SmartRent, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): -$7.692 Mln. vs. -$13.215 Mln. last year.
-EPS (Q1): -$0.04 vs. -$0.07 last year.
-Revenue (Q1): $50.489 Mln vs. $65.079 Mln last year.
-Guidance:
Next quarter revenue guidance: $49 to $55 Mln
Full year revenue guidance: $260 to $290 Mln
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