SmartRent Q3 2023 Earnings Presentation | Nov 2023

SmartRent's Q3 2023 earnings deck reports strong revenue growth of 22% year-over-year to $58.1M with 683K total deployed units and SaaS ARR up 35% YoY to $43.3M. The company demonstrated significant operational improvements with gross margins expanding to 23.3% and adjusted EBITDA losses narrowing to $(5.0)M, while maintaining $211M in cash with no debt. SmartRent projects adjusted EBITDA profitability by year-end 2023 and has tightened full-year revenue guidance to $235M-$240M.