Latch, Inc. (LTCH) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
508 WEST 26TH STREET NEW YORK, NY 10001 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 5072 - Hardware (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2022 MRQ | 12/31/2021 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Cash, cash equivalents, and short-term investments | 283,755 | |||
| Cash and cash equivalents | 124,782 | |||
| Short-term investments | 158,973 | |||
| Receivables | 25,642 | |||
| Inventory, net of allowances, customer advances and progress billings | 11,615 | |||
| Inventory | 11,615 | |||
| Other undisclosed current assets | 11,606 | |||
| Total current assets: | 332,618 | |||
| Noncurrent Assets | ||||
| Property, plant and equipment | 2,039 | |||
| Long-term investments and receivables | 102,878 | |||
| Long-term investments | 102,878 | |||
| Intangible assets, net (including goodwill) | 846 | |||
| Intangible assets, net (excluding goodwill) | 846 | |||
| Other noncurrent assets | 2,294 | |||
| Other undisclosed noncurrent assets | 11,629 | |||
| Total noncurrent assets: | 119,686 | |||
| TOTAL ASSETS: | 452,304 | |||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts payable and accrued liabilities | 30,413 | |||
| Accounts payable | 6,229 | |||
| Accrued liabilities | 24,184 | |||
| Deferred revenue | 6,016 | |||
| Other liabilities | 4,342 | |||
| Total current liabilities: | 40,771 | |||
| Noncurrent Liabilities | ||||
| Liabilities, other than long-term debt | 24,190 | |||
| Deferred revenue | 24,190 | |||
| Other undisclosed noncurrent liabilities | 9,787 | |||
| Total noncurrent liabilities: | 33,977 | |||
| Total liabilities: | 74,748 | |||
| Equity | ||||
| Equity, attributable to parent | 377,556 | |||
| Common stock | 25 | |||
| Additional paid in capital | 706,713 | |||
| Accumulated other comprehensive loss | (676) | |||
| Accumulated deficit | (328,506) | |||
| Total equity: | 377,556 | |||
| TOTAL LIABILITIES AND EQUITY: | 452,304 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2022 TTM | 12/31/2021 | ||
|---|---|---|---|
| Revenues | 41,360 | ||
| Cost of revenue | (44,038) | ||
| Gross profit: | (2,678) | ||
| Operating expenses | (145,890) | ||
| Operating loss: | (148,568) | ||
| Nonoperating expense | (17,698) | ||
| Interest and debt expense | (1,469) | ||
| Loss from continuing operations before equity method investments, income taxes: | (167,735) | ||
| Other undisclosed income from continuing operations before income taxes | 1,469 | ||
| Loss from continuing operations before income taxes: | (166,266) | ||
| Income tax expense | (53) | ||
| Loss from continuing operations: | (166,319) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (166,319) | |
| Net loss available to common stockholders, diluted: | (166,319) | ||
Comprehensive Income ($ in thousands)
| 3/31/2022 TTM | 12/31/2021 | ||
|---|---|---|---|
| Net loss: | (166,319) | ||
| Comprehensive loss: | (166,319) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (685) | ||
| Comprehensive loss, net of tax, attributable to parent: | (167,004) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.