Latch Inc
NASDAQ:LTCH
Income Statement
Earnings Waterfall
Latch Inc
Revenue
|
48.4m
USD
|
Cost of Revenue
|
-50.9m
USD
|
Gross Profit
|
-2.5m
USD
|
Operating Expenses
|
-165.4m
USD
|
Operating Income
|
-167.9m
USD
|
Other Expenses
|
-4.6m
USD
|
Net Income
|
-172.4m
USD
|
Income Statement
Latch Inc
Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | ||
---|---|---|---|---|---|---|
Revenue | ||||||
Revenue |
7
N/A
|
16
+136%
|
27
+72%
|
41
+54%
|
48
+17%
|
|
Gross Profit | ||||||
Cost of Revenue |
(9)
|
(14)
|
(26)
|
(44)
|
(51)
|
|
Gross Profit |
(0)
N/A
|
1
N/A
|
1
+4%
|
(3)
N/A
|
(3)
+6%
|
|
Operating Income | ||||||
Operating Expenses |
(29)
|
(55)
|
(90)
|
(146)
|
(165)
|
|
Selling, General & Administrative |
(22)
|
(37)
|
(59)
|
(97)
|
(107)
|
|
Research & Development |
(17)
|
(17)
|
(28)
|
(46)
|
(54)
|
|
Depreciation & Amortization |
(1)
|
(1)
|
(2)
|
(3)
|
(4)
|
|
Other Operating Expenses |
10
|
0
|
0
|
0
|
0
|
|
Operating Income |
(32)
N/A
|
(54)
-68%
|
(88)
-63%
|
(149)
-68%
|
(168)
-13%
|
|
Pre-Tax Income | ||||||
Interest Income Expense |
(13)
|
(29)
|
(29)
|
(16)
|
(3)
|
|
Non-Reccuring Items |
(1)
|
(2)
|
(2)
|
(1)
|
(2)
|
|
Total Other Income |
(0)
|
0
|
(0)
|
0
|
(0)
|
|
Pre-Tax Income |
(45)
N/A
|
(86)
-88%
|
(120)
-40%
|
(166)
-39%
|
(172)
-4%
|
|
Net Income | ||||||
Tax Provision |
0
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Income from Continuing Operations |
(45)
|
(86)
|
(120)
|
(166)
|
(172)
|
|
Net Income (Common) |
(45)
N/A
|
(86)
-88%
|
(120)
-40%
|
(166)
-39%
|
(172)
-4%
|
|
EPS (Diluted) |
-1.12
N/A
|
-1.66
-48%
|
-0.85
+49%
|
-1.92
-126%
|
-1.21
+37%
|