Earnings Call Summary | SmartRent(SMRT.US) Q4 2023 Earnings Conference
Earnings Call Summary | SmartRent(SMRT.US) Q4 2023 Earnings Conference
The following is a summary of the SmartRent Inc. (SMRT) Q4 2023 Earnings Call Transcript:
以下是SmartRent Inc.（SMRT）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
SmartRent reported a total revenues growth of 41% in 2023 compared to 2022, with SaaS contributing a compounded growth rate of 75% since 2020.
For the first time, SmartRent reported adjusted EBITDA profitability in Q4 2023, primarily due to consistent revenue growth and effective operational control.
The company has a strong balance sheet with $216 million in cash and no debt.
Total revenue for Q4 was $60.3 million, a 49% YoY increase.
SmartRent's Annual Recurring Revenue (ARR) increased to $46.2 million in Q4, a 43% YoY increase.
There was marked growth in gross profits to $49.5 million for 2023, up from $1.3 million in 2022.
Operating expenses as a proportion of revenue decreased from 63% in Q1 of 2022 to 38% in Q4 of 2023.
SmartRent报告称，与2022年相比，2023年的总收入增长了41％，自2020年以来，SaaS的复合增长率为75％。
SmartRent首次公布了2023年第四季度调整后的息税折旧摊销前利润盈利能力，这主要归因于持续的收入增长和有效的运营控制。
该公司的资产负债表强劲，拥有2.16亿美元的现金，没有债务。
第四季度的总收入为6,030万美元，同比增长49％。
SmartRent的年度经常性收入（ARR）在第四季度增至4,620万美元，同比增长43％。
毛利从2022年的130万美元显著增长至2023年的4,950万美元。
运营费用占收入的比例从2022年第一季度的63％下降到2023年第四季度的38％。
Business Progress:
业务进展：
By year-end 2023, the company managed nearly 600 customers with over 7 million rental units.
The company aims to invest further in community WiFi capabilities in 2024, to capitalise the estimated $9 billion to $16 billion total addressable market in the U.S.
SmartRent has announced a $50 million stock repurchase program, indicating strong belief in its investment value.
The recent launch of the Alloy SmartHome Hub+ and Leak Sensors shows SmartRent's commitment to continuous innovation and product development.
For financial year 2024, the company expects to continue expanding profit margins and invest in growth.
Full year 2024 guidance projects a revenue between $260 million and $290 million, and an adjusted EBITDA profit of $5 million to $8 million.
SmartRent plans to enhance community Wi-Fi capabilities and seize untapped opportunities based on robust demand, expecting this to influence growth and profitability in the second half of the year.
到 2023 年底，该公司管理了近 600 名客户，租赁单位超过 700 万套。
该公司的目标是在2024年进一步投资社区WiFi功能，以资本化美国估计为90亿至160亿美元的总潜在市场。
SmartRent宣布了一项5000万美元的股票回购计划，这表明了对其投资价值的坚定信心。
最近推出的Alloy SmartHome Hub+和泄漏传感器表明了SmartRent对持续创新和产品开发的承诺。
对于2024财年，该公司预计将继续扩大利润率并投资增长。
2024年全年指引预计收入在2.6亿美元至2.9亿美元之间，调整后的息税折旧摊销前利润为500万至800万美元。
SmartRent计划增强社区Wi-Fi功能，并根据强劲的需求抓住尚未开发的机会，预计这将影响下半年的增长和盈利能力。
More details: SmartRent IR
更多详情： SmartRent IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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