NYSE$SMRT
Smartrent Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
SmartRent reported a 17% increase in revenue and continued to drive margin improvement.
SmartRent's Q4 2022 results showed a 17% increase in revenue compared to Q4 2021, reaching $40.6 million. The company focused on innovation, optimized processes, and boosted operational efficiency. Gross margins improved across all revenue streams, resulting in a total gross margin of 9.7% and a gross profit of $3.9 million.
- Revenue increased by 17% year-over-year to $40.6 million.
- SaaS revenue increased by 205% year-over-year to $8.1 million.
- Net loss was $(21.4) million, an 18% decrease year-over-year.
- Adjusted EBITDA was $(14.1) million, a 35% increase year-over-year.
Headline financials
Revenue & EPS history
Smartrent · Revenue · Quarterly
$40.6M
Revenue by segment
Smartrent · $38.3M total across 3 segments · Q2 2025
- Hosted services$18.8M—49.2%
- Hardware$15.1M—39.5%
- Professional services$4.33M—11.3%
Forward guidance
SmartRent provided guidance for the first quarter and full year 2023, anticipating another landmark year. The company aims to reach profitability on an adjusted EBITDA basis by combining sustained top line growth with improved operational and administrative efficiency.
Tailwinds
- Total Revenue of $55 to $58 million for Q1 2023
- Adjusted EBITDA of $(12) to $(8) million for Q1 2023
- Total Revenue of $225 to $250 million for FY 2023
- Adjusted EBITDA of $(25) to $(15) million for FY 2023
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 2022
-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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