SmartRent Inc
NYSE:SMRT
Income Statement
Earnings Waterfall
SmartRent Inc
Revenue
|
236.8m
USD
|
Cost of Revenue
|
-187.3m
USD
|
Gross Profit
|
49.5m
USD
|
Operating Expenses
|
-92.4m
USD
|
Operating Income
|
-42.9m
USD
|
Other Expenses
|
8.3m
USD
|
Net Income
|
-34.6m
USD
|
Income Statement
SmartRent Inc
Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue |
111
N/A
|
129
+16%
|
150
+16%
|
162
+8%
|
168
+4%
|
196
+17%
|
207
+6%
|
217
+5%
|
237
+9%
|
|
Gross Profit | ||||||||||
Cost of Revenue |
(121)
|
(143)
|
(163)
|
(168)
|
(167)
|
(180)
|
(182)
|
(181)
|
(187)
|
|
Gross Profit |
(10)
N/A
|
(14)
-43%
|
(14)
+5%
|
(6)
+58%
|
1
N/A
|
15
+1 070%
|
24
+58%
|
36
+51%
|
50
+36%
|
|
Operating Income | ||||||||||
Operating Expenses |
(62)
|
(76)
|
(93)
|
(99)
|
(102)
|
(104)
|
(97)
|
(96)
|
(92)
|
|
Selling, General & Administrative |
(40)
|
(51)
|
(64)
|
(69)
|
(73)
|
(73)
|
(68)
|
(66)
|
(63)
|
|
Research & Development |
(22)
|
(25)
|
(29)
|
(30)
|
(29)
|
(30)
|
(29)
|
(29)
|
(29)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
|
Operating Income |
(72)
N/A
|
(90)
-26%
|
(107)
-19%
|
(105)
+2%
|
(101)
+3%
|
(88)
+13%
|
(73)
+17%
|
(59)
+19%
|
(43)
+27%
|
|
Pre-Tax Income | ||||||||||
Interest Income Expense |
0
|
(0)
|
0
|
1
|
2
|
4
|
6
|
7
|
9
|
|
Non-Reccuring Items |
0
|
(1)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(1)
|
(0)
|
|
Total Other Income |
(0)
|
(0)
|
0
|
1
|
1
|
1
|
0
|
(0)
|
(0)
|
|
Pre-Tax Income |
(72)
N/A
|
(91)
-26%
|
(107)
-18%
|
(107)
+1%
|
(102)
+5%
|
(87)
+15%
|
(70)
+19%
|
(52)
+26%
|
(35)
+34%
|
|
Net Income | ||||||||||
Tax Provision |
(0)
|
5
|
6
|
6
|
5
|
1
|
(0)
|
(0)
|
0
|
|
Income from Continuing Operations |
(72)
|
(86)
|
(102)
|
(101)
|
(96)
|
(86)
|
(71)
|
(53)
|
(35)
|
|
Net Income (Common) |
(72)
N/A
|
(86)
-20%
|
(102)
-18%
|
(101)
+1%
|
(96)
+5%
|
(86)
+11%
|
(71)
+18%
|
(53)
+26%
|
(35)
+34%
|
|
EPS (Diluted) |
-0.96
N/A
|
-0.44
+54%
|
-0.51
-16%
|
-0.51
N/A
|
-0.49
+4%
|
-0.44
+10%
|
-0.36
+18%
|
-0.27
+25%
|
-0.17
+37%
|