Latch ( (LTCH) ) has shared an announcement.
Latch, Inc., soon to be renamed DOOR, announced the filing of its 2023 Annual and Quarterly Reports with the SEC, marking a significant step towards fulfilling its SEC filing obligations and aiming for its securities to be quoted on the OTC Markets. The company reported a 37% increase in software revenue and a 5% increase in total revenue for 2023, alongside a 24% reduction in operating expenses. Despite a net loss of $107.5 million, this represented a 34% improvement from the previous year, highlighting the company’s efforts to balance growth and operational discipline amidst challenges such as a complete sales team replacement.
More about Latch
Latch, Inc. operates in the technology industry, focusing on enhancing living, working, and visiting spaces through a combination of software, devices, and services.
YTD Price Performance: 33.33%
Average Trading Volume: 49,053
Technical Sentiment Signal: Buy
Current Market Cap: $25.75M
For a thorough assessment of LTCH stock, go to TipRanks’ Stock Analysis page.