SmartRent (SMRT) Tops Q1 EPS by 2c; Offers FY23 Revenue Guidance
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SmartRent Reports First Quarter 2023 Results
May 10, 2023 4:03 PM EDTStrong Quarter of Record Revenue and Significant Improvement in Gross Profit Drive Path to Profitability
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- SmartRent, Inc. (NYSE: SMRT) (SmartRent or the Company), a leading provider of smart home and property operations solutions for the multifamily industry, today reported financial results for the three months ended March 31, 2023. Management is hosting an investor call to discuss results today, May 10, 2023, at 4:30 p.m. Eastern Time.
First Quarter 2023 Financial and Business Highlights
Revenue of $65.1 million, up 60% quarter-over-quarter and 74% year-over-year. Gross profit of $9.1 million, up 132% quarter-over-quarter and up 292%... More