$LTCH
Latch, Inc.
CIK:0001826000|SEC Filings
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenue | ||||||
| Total revenue | $ 15,615 | $ 19,055 | $ 31,317 | $ 34,829 | ||
| Cost of revenue | ||||||
| Total cost of revenue | [1] | 7,956 | 10,859 | 15,439 | 19,154 | |
| Operating expenses | ||||||
| Research and development | 4,057 | 4,454 | 7,850 | 10,087 | ||
| Sales and marketing | 3,806 | 4,150 | 8,078 | 7,727 | ||
| General and administrative | 5,989 | 5,856 | 10,680 | 13,627 | ||
| Depreciation and amortization | 1,021 | 1,320 | 2,028 | 2,842 | ||
| Total operating expenses | 14,873 | 15,780 | 28,636 | 34,283 | ||
| Loss from operations | (7,214) | (7,584) | (12,758) | (18,608) | ||
| Other expense, net | ||||||
| Loss on extinguishment of debt | (120) | 0 | (120) | 0 | ||
| Interest expense, net | (306) | (281) | (629) | (534) | ||
| Realized gain on equity investment | 765 | 0 | 765 | 0 | ||
| Change in fair value of warrant liability | 14 | (32) | (23) | (69) | ||
| Other (expense) income, net | (39) | 48 | (73) | 112 | ||
| Total other income (expense), net | 314 | (265) | (80) | (491) | ||
| Loss before income taxes | (6,900) | (7,849) | (12,838) | (19,099) | ||
| Provision for income taxes | 0 | 0 | 0 | 0 | ||
| Net loss | (6,900) | (7,849) | (12,838) | (19,099) | ||
| Other comprehensive income (loss) | ||||||
| Unrealized loss on available-for-sale securities | (1) | (2) | (4) | (16) | ||
| Foreign currency translation adjustment | 11 | (15) | 44 | (11) | ||
| Comprehensive loss | $ (6,890) | $ (7,866) | $ (12,798) | $ (19,126) | ||
| Net loss per common share: | ||||||
| Basic net loss per common share (in dollars per share) | $ (0.04) | $ (0.05) | $ (0.08) | $ (0.12) | ||
| Diluted net loss per common share (in dollars per share) | $ (0.04) | $ (0.05) | $ (0.08) | $ (0.12) | ||
| Weighted average shares outstanding: | ||||||
| Basic (in shares) | 161,191,157 | 160,416,365 | 160,949,018 | 160,344,652 | ||
| Diluted (in shares) | 161,191,157 | 160,416,365 | 160,949,018 | 160,344,652 | ||
| Hardware | ||||||
| Revenue | ||||||
| Total revenue | $ 3,444 | $ 5,916 | $ 7,801 | $ 9,953 | ||
| Cost of revenue | ||||||
| Total cost of revenue | [1] | 3,340 | 4,150 | 6,558 | 7,453 | |
| Software | ||||||
| Revenue | ||||||
| Total revenue | 6,124 | 5,244 | 12,267 | 10,403 | ||
| Cost of revenue | ||||||
| Total cost of revenue | [1] | 600 | 503 | 1,131 | 1,054 | |
| Professional services | ||||||
| Revenue | ||||||
| Total revenue | 6,047 | 7,895 | 11,249 | 14,473 | ||
| Cost of revenue | ||||||
| Total cost of revenue | [1] | $ 4,016 | $ 6,206 | $ 7,750 | $ 10,647 | |
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