SMRT Stock Recent News

SmartRent, Inc. (SMRT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

With the new CEO resigning unexpectedly, the stock has seen a significant drop in price of almost 30% in a single day. The company's SaaS revenue grew 26% y/y in 2024, driven by higher ARPU and more units deployed, offsetting a decline in hardware revenue. SmartRent has a strong balance sheet with $142m in cash, providing a 5-year runway to execute its strategic transformation towards a SaaS-focused model.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $SMRT #alloy--SmartRent today announced the rollout of its Teams, Smart Launch and Triggers features in its Work Management solution.

PHOENIX--(BUSINESS WIRE)--SmartRent Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced that it granted inducement awards under its 2025 Inducement Equity Incentive Plan (the “Plan”) to Michael Shane Paladin, SmartRent's President and Chief Executive Officer, as inducement awards in connection with the commencement of his employment. The Plan was adopted by SmartRent's.

SmartRent, Inc. (NYSE:SMRT ) Q4 2024 Earnings Conference Call March 5, 2025 11:30 AM ET Company Participants Kristen Lee – Chief Legal Officer Shane Paladin – President and Chief Executive Officer Daryl Stemm – Chief Financial Officer Conference Call Participants Ryan Tomasello – KBW Tom White – D.A. Davidson Barry Oxford – Colliers International Operator Thank you for standing by.

SmartRent's post-IPO struggles include a 90% stock decline and the CEO stepping down, presenting a high-risk opportunity for bold investors. The company's business model hinges on hardware sales and high-margin, recurring SaaS revenue from smart home solutions. Despite declining total revenue, the Hosted Services segment shows promising double-digit growth and high gross profit margins.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $SMRT #alloy--SmartRent will release fourth quarter and full-year 2024 results and host a conference call at 11:30 a.m. ET on Wednesday, March 5, 2025.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $SMRT #alloy--SmartRent, Inc. today announced the appointment of Ana Pinczuk to its Board of Directors.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $SMRT #alloy--SmartRent today announced the appointment of Shane Paladin as its President and Chief Executive Officer, with an expected start date of February 24.

LOS ANGELES, CA / ACCESSWIRE / October 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SmartRent, Inc. ("SmartRent" or "the Company") (NYSE:SMRT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.