SmartRent, Inc. (SMRT) announced Loss for its fourth quarter that increased from last year and missed the Street estimates.
The company's bottom line came in at -$11.42 million, or -$0.06 per share. This compares with -$3.30 million, or -$0.02 per share, last year.
Analysts on average had expected the company to earn -$0.03 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 41.3% to $35.37 million from $60.25 million last year.
SmartRent, Inc. earnings at a glance (GAAP) :
-Earnings: -$11.42 Mln. vs. -$3.30 Mln. last year.
-EPS: -$0.06 vs. -$0.02 last year.
-Revenue: $35.37 Mln vs. $60.25 Mln last year.
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