For the year ending 2025-12-31, LTCH made $70,117K in revenue. -$53,729K in net income. Net profit margin of -76.63%.
| Income Statement | 2025-12-31 | 2023-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Total revenue | 70,117 | 44,961 | 42,955 | |
| Hardware | 19,308 | - | - | |
| Software | 2,029 | - | - | |
| Installation Services | 21,930 | - | - | |
| Total cost of revenue | 43,267 | 32,636 | 46,879 | |
| Research and development | 18,338 | 33,787 | 54,933 | |
| Sales and marketing | 15,326 | 15,394 | 45,589 | |
| General and administrative | 24,030 | 66,211 | 55,292 | |
| Depreciation and amortization | 5,277 | 7,201 | 5,504 | |
| Impairment of goodwill | 16,600 | - | - | |
| Impairment of intangible assets, net | 0 | - | - | |
| Total operating expenses | 79,571 | 122,593 | 161,318 | |
| Change in fair value of trading securities | - | - | -3,460 | |
| Loss from operations | -52,721 | -110,268 | -165,242 | |
| Change in fair value of warrant liability | -18 | -230 | -9,558 | |
| Interest (expense) income, net | -1,113 | 2,309 | -2,961 | |
| Other income, net | 69 | 219 | -142 | |
| Total other (expense) income, net | -1,026 | 2,758 | 2,995 | |
| Loss before income taxes | -53,747 | -107,510 | -162,247 | |
| Provision for income taxes | 0 | 30 | 89 | |
| Net loss | -53,747 | -107,540 | -162,336 | |
| Unrealized loss on available-for-sale securities | -12 | 1,515 | -787 | |
| Foreign currency translation adjustment | 30 | -7 | 3 | |
| Comprehensive loss | -53,729 | -106,032 | -163,120 | |
| Basic EPS | -0.34 | -0.68 | -1.13 | |
| Diluted EPS | -0.34 | -0.68 | -1.13 | |
| Basic Average Shares | 160,400,816 | 159,146,081 | 143,615,820 | |
| Diluted Average Shares | 160,400,816 | 159,146,081 | 143,615,820 | |
Latch, Inc. (LTCH)
Latch, Inc. (LTCH)