Latch, Inc.
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.9M | $12.0M | $14.0M | $9.7M | $10.2M | $11.2M | $10.7M | $8.8M |
| Cost of Revenue | $7.0M | $5.6M | $9.1M | $3.6M | $6.3M | $13.6M | $13.1M | $6.8M |
| Gross Profit | $5.9M | $6.5M | $4.8M | $6.1M | $3.9M | $-2.5M | $-2.3M | $2.0M |
| Gross Margin | 45.8% | 53.6% | 34.5% | 63.0% | 38.3% | -22.3% | -21.6% | 23.0% |
| Operating Expenses | ||||||||
| Research & Development | $2.9M | $4.2M | $5.8M | $10.2M | $8.7M | $9.1M | $8.4M | $11.0M |
| SG&A Expense | $16.7M | $11.8M | $11.7M | $18.8M | $20.5M | $15.2M | $12.4M | $15.1M |
| Operating Income | $-17.8M | $-14.0M | $-17.2M | $-28.6M | $-31.4M | $-33.1M | $-29.0M | $-32.4M |
| Operating Margin | -137.6% | -116.3% | -123.1% | -295.8% | -308.0% | -297.1% | -270.7% | -367.1% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-16.9M | $-13.6M | $-16.4M | $-27.3M | $-30.9M | $-32.9M | $-29.0M | $-34.8M |
| Income Tax Expense | $0 | $2.0K | $19.0K | $0 | $0 | $11.0K | $45.0K | $10.0K |
| Net Income | $-16.9M | $-13.6M | $-16.5M | $-27.3M | $-30.9M | $-32.9M | $-29.1M | $-34.8M |
| Net Margin | -130.9% | -113.3% | -117.9% | -282.0% | -303.4% | -295.3% | -271.0% | -393.8% |
| EPS (Basic) | $-0.11 | $-0.09 | $-0.10 | $-0.18 | $-0.21 | $-0.23 | $-0.20 | $-0.24 |
| EPS (Diluted) | $-0.11 | $-0.09 | $-0.10 | $-0.18 | $-0.21 | $-0.23 | $-0.20 | $-0.24 |
| Shares Outstanding (Basic) | 156.4M | 156.4M | 149.6M | 154.3M | 144.6M | 144.6M | 144.6M | 144.6M |
| Shares Outstanding (Diluted) | 156.4M | 156.4M | 149.6M | 154.3M | 144.6M | 144.6M | 144.6M | 144.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |