External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Equity Bottom-Up

Key points (machine generated)<ul><li>SmartRent, Inc. specializes in smart home automation for the rental housing industry and went public in August 2021 through a $2.2 billion merger.</li><li>The company has expanded its product offerings and serves 15 of the top 20 multifamily property owners in the U.S.</li><li>Despite growth, SmartRent's stock has declined approximately 75% since a critical analysis published on January 30, 2024.</li></ul>This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)SmartRent, Inc. specializes in smart home automation for the rental housing industry and went public in August 2021 through a $2.2 billion merger.The company has expanded its product offerings and serves 15 of the top 20 multifamily property owners in the U.S.Despite growth, SmartRent's stock has declined approximately 75% since a critical analysis published on January 30, 2024.This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Smartrent Inc (SMRT) - Monday, Jun 2, 2025

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.

<ul><li>SmartRent's first quarter earnings call for 2025 highlights several dynamics at play in the company's pursuit of sustainable growth and value creation.</li><li>The company, well known for its Internet of Things (IoT) technology, aims to transform property operations and enhance resident experiences.</li><li>SmartRent's approach involves extensive IoT device integration, a software platform compatible with third-party systems, and deployment expertise tailored to retrofit environments.</li></ul>

SmartRent's first quarter earnings call for 2025 highlights several dynamics at play in the company's pursuit of sustainable growth and value creation.The company, well known for its Internet of Things (IoT) technology, aims to transform property operations and enhance resident experiences.SmartRent's approach involves extensive IoT device integration, a software platform compatible with third-party systems, and deployment expertise tailored to retrofit environments.

SmartRent’s Stock Surge: How a Bold Pivot to Recurring Revenues Could Redefine Its Future!

<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

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 (SMRT) - Monday, Jun 2, 2025

SmartRent, Inc. is a proptech firm offering smart home solutions for rentals, went public in 2021, serves top U.S. property owners, but has seen a...

Value Investors Club (VIC)

SmartRent’s Stock Surge: How a Bold Pivot to Recurring Revenues Could Redefine Its Future!

SmartRent's first quarter earnings call for 2025 highlights several dynamics at play in the company's pursuit of sustainable growth and value...

Baptista Research

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

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