Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>SmartRent is undergoing a strategic transformation toward a Software-as-a-Service (SaaS)-focused business model.</li><li>This shift is reflected in the growth of the company’s recurring SaaS subscriptions, which increased to 38% of total revenue in the fourth quarter, up from 19% in the previous year.</li><li>Annual recurring revenue (ARR) grew to $54.4 million, reflecting a year-over-year increase, and SaaS revenue showed a 17% increase during the same period.</li></ul>

SmartRent is undergoing a strategic transformation toward a Software-as-a-Service (SaaS)-focused business model.This shift is reflected in the growth of the company’s recurring SaaS subscriptions, which increased to 38% of total revenue in the fourth quarter, up from 19% in the previous year.Annual recurring revenue (ARR) grew to $54.4 million, reflecting a year-over-year increase, and SaaS revenue showed a 17% increase during the same period.

SmartRent Inc.: Is The Expansion of Recurring SaaS Revenue Expected To Last In These Tough Times?

<ul><li>SmartRent's recent performance and strategic initiatives provide a complex landscape for investment consideration, marked by both challenges and opportunities.</li><li>The company's third-quarter results paint a picture of a business in transition, underscored by a leadership change and a strategic refocus on maximizing shareholder value through sustainable practices.</li><li>Positively, SmartRent demonstrated resilience with a 23% year-over-year increase in SaaS (Software as a Service) revenue, indicating strong growth potential within its recurring revenue model.</li></ul>

SmartRent's recent performance and strategic initiatives provide a complex landscape for investment consideration, marked by both challenges and opportunities.The company's third-quarter results paint a picture of a business in transition, underscored by a leadership change and a strategic refocus on maximizing shareholder value through sustainable practices.Positively, SmartRent demonstrated resilience with a 23% year-over-year increase in SaaS (Software as a Service) revenue, indicating strong growth potential within its recurring revenue model.

How SmartRent’s SaaS Shift Is Unlocking High-Margin Growth & Long-Term Stability! - Major Drivers

<ul><li>SmartRent, a company at the forefront of smart home technology for rental housing, recently held its Q2 2024 Earnings Call amidst significant leadership changes and a dynamic market environment, presenting a mixed set of results and strategic updates that are crucial for investors to consider.</li><li>The departure of CEO Lucas Haldeman and the suspension of financial guidance were the headline changes.</li><li>The company underscored this move as a strategic pivot necessary to handle the next growth phase, aiming to appoint a leader with a fresh perspective and a strong background in scaling businesses.</li></ul>

SmartRent, a company at the forefront of smart home technology for rental housing, recently held its Q2 2024 Earnings Call amidst significant leadership changes and a dynamic market environment, presenting a mixed set of results and strategic updates that are crucial for investors to consider.The departure of CEO Lucas Haldeman and the suspension of financial guidance were the headline changes.The company underscored this move as a strategic pivot necessary to handle the next growth phase, aiming to appoint a leader with a fresh perspective and a strong background in scaling businesses.

SmartRent Inc.: Leadership Transition and Focus on Long-Term Strategy! - Major Drivers

<ul><li>SmartRent has provided a noteworthy set of results for the first quarter of 2024, accompanied by the company’s initiative of exploring a potential sale.</li><li>In the recent report, SmartRent disclosed a revenue for the quarter amounting to $50.5 million, with $12 million attributable to SaaS (Software as a Service) recurring revenue products, representing a year-over-year increase of 32%.</li><li>This growth is largely driven by the scaling of total deployed units and new gains from cross-selling strategies, demonstrating an effective execution of their business and product expansion strategy.</li></ul>

SmartRent has provided a noteworthy set of results for the first quarter of 2024, accompanied by the company’s initiative of exploring a potential sale.In the recent report, SmartRent disclosed a revenue for the quarter amounting to $50.5 million, with $12 million attributable to SaaS (Software as a Service) recurring revenue products, representing a year-over-year increase of 32%.This growth is largely driven by the scaling of total deployed units and new gains from cross-selling strategies, demonstrating an effective execution of their business and product expansion strategy.

SmartRent Exploring A Potential Sale! -  Strategic Expansion in Community WiFi Solutions & 3 Other Factors Making It An Attractive Acquisition Target! - Financial Forecasts

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>SmartRent aims to increase their market share in the smart home solutions industry, specifically in the multifamily real estate sector in the US</li><li>They leverage their innovative Smart Home Operating System to lower costs for landlords and increase revenues through enhanced property management capabilities</li><li>SmartRent's three business lines offer a comprehensive and scalable solution for property owners, with a focus on professional services, hardware sales, and hosted services to capitalize on the growing demand for smart home technologies in the real estate market.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

SmartRent aims to increase their market share in the smart home solutions industry, specifically in the multifamily real estate sector in the USThey leverage their innovative Smart Home Operating System to lower costs for landlords and increase revenues through enhanced property management capabilitiesSmartRent's three business lines offer a comprehensive and scalable solution for property owners, with a focus on professional services, hardware sales, and hosted services to capitalize on the growing demand for smart home technologies in the real estate market.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Smartrent Inc (SMRT) - Tuesday, Jan 30, 2024

United States

SmartRent Inc operates as an enterprise smart home automation company. The Company develops software and hardware that empowers property owners, managers, and homebuilders to manage, protect, and automate daily operational processes. SmartRent serves customers worldwide.

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SmartRent (SMRT US)

SmartRent Inc.: Is The Expansion of Recurring SaaS Revenue Expected To Last In These Tough Times?

SmartRent is undergoing a strategic transformation toward a Software-as-a-Service (SaaS)-focused business model. This shift is reflected in the...

Baptista Research

How SmartRent’s SaaS Shift Is Unlocking High-Margin Growth & Long-Term Stability! - Major Drivers

SmartRent's recent performance and strategic initiatives provide a complex landscape for investment consideration, marked by both challenges and...

Baptista Research

SmartRent Inc.: Leadership Transition and Focus on Long-Term Strategy! - Major Drivers

SmartRent, a company at the forefront of smart home technology for rental housing, recently held its Q2 2024 Earnings Call amidst significant...

Baptista Research

SmartRent Exploring A Potential Sale! - Strategic Expansion in Community WiFi Solutions & 3 Other Factors Making It An Attractive Acquisition Target! - Financial Forecasts

SmartRent has provided a noteworthy set of results for the first quarter of 2024, accompanied by the company’s initiative of exploring a potential...

Baptista Research

Smartrent Inc (SMRT) - Tuesday, Jan 30, 2024

SmartRent aims to increase their market share in the smart home solutions industry, specifically in the multifamily real estate sector in the US

Value Investors Club

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