Latest news with #SmartRent
Yahoo
4 days ago
- Business
- Yahoo
SmartRent, Inc. (SMRT) Regains Compliance with New York Stock Exchange's Minimum Share Price Requirement; KBW Reduces PT From $1.60 to $1.30
SmartRent, Inc. (NYSE:SMRT) is included in our list of the 10 Best AI Stocks to Buy Under $3. A close-up of a computer monitor showing a complex web of cloud-based technology. SmartRent, Inc. (NYSE:SMRT)'s year so far is marked by volatility, strategic shifts, and cautious optimism. In March 2025, KBW reduced its price target on SmartRent, Inc. (NYSE:SMRT) from $2.00 to $1.60. This price revision followed weak Q4 results, where the company reported a wider-than-expected adjusted EBITDA loss of $7.4 million due to hardware revenue and margin declines. Roughly two months later, in May, KBW further lowered the target to $1.30 due to limited forward guidance. Meanwhile, on July 4, 2025, SmartRent, Inc. (NYSE:SMRT) achieved a key milestone. The company regained compliance with the New York Stock Exchange's minimum share price requirement, bolstering investor sentiment. While analysts remain cautious on SmartRent, Inc. (NYSE:SMRT) in the short term, they remain optimistic about the company's long-term outlook due to its robust liquidity, focus on cost discipline, and strategic developments within AI-powered operations. With its integrated hardware and cloud-based platforms, SmartRent, Inc. (NYSE:SMRT) offers AI-enabled smart building solutions and management software. It is included in our list of the best AI stocks. While we acknowledge the potential of SMRT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Cheap Value Stocks to Buy Now According to Warren Buffett and 7 Best Potash Stocks to Buy According to Analysts. Disclosure: None. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
SmartRent, Inc. (SMRT) Regains Compliance with New York Stock Exchange's Minimum Share Price Requirement; KBW Reduces PT From $1.60 to $1.30
SmartRent, Inc. (NYSE:SMRT) is included in our list of the 10 Best AI Stocks to Buy Under $3. A close-up of a computer monitor showing a complex web of cloud-based technology. SmartRent, Inc. (NYSE:SMRT)'s year so far is marked by volatility, strategic shifts, and cautious optimism. In March 2025, KBW reduced its price target on SmartRent, Inc. (NYSE:SMRT) from $2.00 to $1.60. This price revision followed weak Q4 results, where the company reported a wider-than-expected adjusted EBITDA loss of $7.4 million due to hardware revenue and margin declines. Roughly two months later, in May, KBW further lowered the target to $1.30 due to limited forward guidance. Meanwhile, on July 4, 2025, SmartRent, Inc. (NYSE:SMRT) achieved a key milestone. The company regained compliance with the New York Stock Exchange's minimum share price requirement, bolstering investor sentiment. While analysts remain cautious on SmartRent, Inc. (NYSE:SMRT) in the short term, they remain optimistic about the company's long-term outlook due to its robust liquidity, focus on cost discipline, and strategic developments within AI-powered operations. With its integrated hardware and cloud-based platforms, SmartRent, Inc. (NYSE:SMRT) offers AI-enabled smart building solutions and management software. It is included in our list of the best AI stocks. While we acknowledge the potential of SMRT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Cheap Value Stocks to Buy Now According to Warren Buffett and 7 Best Potash Stocks to Buy According to Analysts. Disclosure: None.
Yahoo
06-08-2025
- Business
- Yahoo
SmartRent (NYSE:SMRT) Misses Q2 Revenue Estimates, Stock Drops
Smart home company SmartRent (NYSE:SMRT) missed Wall Street's revenue expectations in Q2 CY2025, with sales falling 21% year on year to $38.31 million. Its GAAP loss of $0.06 per share was in line with analysts' consensus estimates. Is now the time to buy SmartRent? Find out in our full research report. SmartRent (SMRT) Q2 CY2025 Highlights: Revenue: $38.31 million vs analyst estimates of $38.86 million (21% year-on-year decline, 1.4% miss) EPS (GAAP): -$0.06 vs analyst estimates of -$0.06 (in line) Adjusted EBITDA: -$7.35 million vs analyst estimates of -$6.16 million (-19.2% margin, 19.3% miss) Operating Margin: -30.5%, down from -14.3% in the same quarter last year Free Cash Flow was -$18.6 million compared to -$14.12 million in the same quarter last year Annual Recurring Revenue: $56.9 million at quarter end, up 11.1% year on year Market Capitalization: $185.5 million "SmartRent's opportunities for profitable growth and sustained market leadership are compelling. We operate in a large, expanding market with a purpose-built, differentiated platform and a growing SaaS footprint. As a hardware-enabled SaaS company with meaningful scale advantages, our foundation is built on domain expertise and close alignment with the needs of our customers - property owners and operators," commented Frank Martell, President and CEO of SmartRent. Company Overview Founded by an employee at a real estate rental company, SmartRent (NYSE:SMRT) provides smart home devices and software for multifamily residential properties, single-family rental homes, and student housing communities. Revenue Growth Examining a company's long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Thankfully, SmartRent's 28.9% annualized revenue growth over the last five years was incredible. Its growth beat the average industrials company and shows its offerings resonate with customers. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. SmartRent's recent performance marks a sharp pivot from its five-year trend as its revenue has shown annualized declines of 13.2% over the last two years. SmartRent isn't alone in its struggles as the Internet of Things industry experienced a cyclical downturn, with many similar businesses observing lower sales at this time. SmartRent also reports its annual recurring revenue (ARR), or the revenue it expects to generate from its existing customer base in the next 12 months. SmartRent's ARR reached $56.9 million in the latest quarter and averaged 26.6% year-on-year growth over the last two years. Because this number is better than its normal revenue growth, we can see the company generated more revenue from its existing customers than new customers. Holding everything else constant, this is a positive sign as it should lead to lower sales and marketing expenses. This quarter, SmartRent missed Wall Street's estimates and reported a rather uninspiring 21% year-on-year revenue decline, generating $38.31 million of revenue. Looking ahead, sell-side analysts expect revenue to grow 7% over the next 12 months. Although this projection indicates its newer products and services will fuel better top-line performance, it is still below average for the sector. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating Margin Operating margin is one of the best measures of profitability because it tells us how much money a company takes home after procuring and manufacturing its products, marketing and selling those products, and most importantly, keeping them relevant through research and development. SmartRent's high expenses have contributed to an average operating margin of negative 41.6% over the last five years. Unprofitable industrials companies require extra attention because they could get caught swimming naked when the tide goes out. It's hard to trust that the business can endure a full cycle. On the plus side, SmartRent's operating margin rose by 3.8 percentage points over the last five years, as its sales growth gave it operating leverage. Still, it will take much more for the company to reach long-term profitability. In Q2, SmartRent generated a negative 30.5% operating margin. Earnings Per Share Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Although SmartRent's full-year earnings are still negative, it reduced its losses and improved its EPS by 53.8% annually over the last five years. The next few quarters will be critical for assessing its long-term profitability. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. For SmartRent, its two-year annual EPS declines of 2.6% mark a reversal from its (seemingly) healthy five-year trend. We hope SmartRent can return to earnings growth in the future. In Q2, SmartRent reported EPS at negative $0.06, down from negative $0.02 in the same quarter last year. This print missed analysts' estimates. We also like to analyze expected EPS growth based on Wall Street analysts' consensus projections, but there is insufficient data. Key Takeaways from SmartRent's Q2 Results We struggled to find many positives in these results. Its EBITDA missed and its EPS fell short of Wall Street's estimates. Overall, this quarter could have been better. The stock traded down 6.4% to $0.92 immediately after reporting. SmartRent didn't show it's best hand this quarter, but does that create an opportunity to buy the stock right now? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
Yahoo
05-08-2025
- Business
- Yahoo
SmartRent Earnings: What To Look For From SMRT
Smart home company SmartRent (NYSE:SMRT) will be announcing earnings results this Wednesday before market hours. Here's what investors should know. SmartRent beat analysts' revenue expectations by 3.1% last quarter, reporting revenues of $41.34 million, down 18.1% year on year. It was a softer quarter for the company, with a significant miss of analysts' adjusted operating income estimates and a significant miss of analysts' EBITDA estimates. Is SmartRent a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting SmartRent's revenue to decline 19.9% year on year to $38.86 million, a further deceleration from the 9.1% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.03 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. SmartRent has missed Wall Street's revenue estimates six times over the last two years. Looking at SmartRent's peers in the electrical equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Vontier delivered year-on-year revenue growth of 11.1%, beating analysts' expectations by 5.4%, and AMETEK reported revenues up 2.5%, topping estimates by 2.8%. Vontier traded up 1.6% following the results while AMETEK was also up 3%. Read our full analysis of Vontier's results here and AMETEK's results here. Investors in the electrical equipment segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. SmartRent is down 6.5% during the same time and is heading into earnings with an average analyst price target of $1.65 (compared to the current share price of $1.01). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. 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
Business Wire
04-08-2025
- Business
- Business Wire
SmartRent Confirms Compliance with NYSE Minimum Share Price Listing Standard
SCOTTSDALE, Ariz.--(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 that it has received formal notice from the New York Stock Exchange (NYSE) that the company has regained compliance with the NYSE's continued listing criteria for minimum share price under Section 802.01C of the NYSE Listed Company Manual. 'We are pleased to have resolved this matter and to remain in compliance with the NYSE continued listing criteria,' said Frank Martell, President and Chief Executive Officer of SmartRent. 'We appreciate the continued support of our shareholders as we remain focused on executing our strategy and driving long-term value.' For more information, please visit 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
