NYSE$SMRT
Smartrent Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
SmartRent's Q4 2021 financial results were released, showcasing significant revenue growth and strategic acquisitions.
SmartRent reported a 155% increase in total revenue for Q4 2021, reaching $34.7 million. The company experienced growth in SaaS ARR, Hosted Services ARPU, and Units Deployed. Net loss was $(26.0) million, and adjusted EBITDA was $(21.8) million. The company ended the year with a strong cash balance of $432.1 million.
- Total revenue increased by 155% to $34.7 million compared to Q4 2020.
- SaaS ARR grew by 114% to $10.6 million compared to Q4 2020.
- Hosted Services ARPU increased by 2% to $6.86 compared to Q4 2020.
- Deployed 52,076 organic units, a 72% increase compared to Q4 2020.
Headline financials
Revenue & EPS history
Smartrent · Revenue · Quarterly
$34.7M
Revenue by segment
Smartrent · $34.7M total across 3 segments · Q4 2021
- Hardware$21.2M—61.1%
- Professional services$7.39M—21.3%
- Hosted services$6.1M—17.6%
Forward guidance
The Company continues to experience strong demand for its smart home enterprise software solutions and is providing guidance for full-year 2022 and the first quarter of 2022.
Tailwinds
- Total Revenue of $220 to $250 million for full year 2022.
- Adjusted EBITDA of $(50) to $(35) million for full year 2022.
- Units Deployed of 280,000 to 320,000 for full year 2022.
- Total Revenue of $35 to $37 million for quarter ended March 31, 2022.
- Units Deployed of 46,000 to 48,000 for quarter ended March 31, 2022.
Headwinds
- Estimates exclude the impact of potential acquisitions.
- Estimates exclude the impact of capital markets activity.
- Estimates exclude unforeseen potential challenges with supply chain and logistics.
- Estimates are forward-looking based on the Company’s current assessment of demand for its product.
- Estimates are forward looking based on execution capabilities and market conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q4 2021
-0.7%
Avg return
Earnings day
-0.3%
Avg return
5 days after
-1.4%
Avg return
30 days after
48%
10 / 21 earnings
Positive
+28.6%
Q3 2023
Best reaction
-31.0%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -18.2% | -18.2% | -23.8% | |
| Q4 2025 | +15.7% | +15.6% | -1.3% | |
| Q3 2025 | +3.0% | +8.1% | +45.9% | |
| Q1 2025 | +5.2% | -10.3% | +1.8% | |
| Q4 2024 | +7.1% | -8.7% | -20.5% | |
| Q3 2024 | -14.2% | -12.5% | +4.5% | |
| Q2 2024 | -7.9% | -16.4% | -2.4% | |
| Q1 2024 | -2.8% | -2.4% | -4.5% | |
| Q4 2023 | -6.2% | -6.2% | -11.4% | |
| Q3 2023 | +28.6% | +17.0% | +25.5% | |
| Q2 2023 | -12.6% | -10.8% | -18.9% | |
| Q1 2023 | +24.9% | +36.0% | +29.5% | |
| Q4 2022 | -1.2% | +1.5% | -2.7% | |
| Q3 2022 | +25.4% | +25.4% | +4.2% | |
| Q2 2022 | -31.0% | -33.9% | -44.9% | |
| Q1 2022 | +4.3% | +20.6% | +31.0% | |
| Q4 2021 | -14.3% | -7.8% | -26.0% | |
| Q3 2021 | -18.2% | -11.7% | -10.6% | |
| Q2 2021 | -3.3% | +8.8% | -2.5% | |
| Q1 2021 | +0.1% | — | — | |
| Q4 2020 | +0.1% | — | — | |
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| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — |
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