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 MlnFull year revenue guidance: $260 to $290 Mln
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.