The smart home technology provider reported a wider-than-expected loss but exceeded revenue forecasts for the quarter.
SmartRent reported a GAAP loss of $0.02 per share, missing estimates by $0.01. Revenue reached $38.7M, surpassing expectations by $1.88M.
Analysts had anticipated a narrower loss and slightly lower revenue for the period. The company’s revenue growth reflects increased demand for its smart home solutions, though profitability remains under pressure.
Shares showed limited movement in after-hours trading as investors weighed the mixed results.