SmartRent, Inc. (SMRT) financial statements (2022 and earlier)

Company profile

Business Address 18835 N. THOMPSON PEAK PARKWAY
SCOTTSDALE, AZ 85255
State of Incorp. DE
Fiscal Year End December 31
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments430,841
Cash and cash equivalents430,841
Restricted cash and investments1,268
Receivables45,486
Inventory, net of allowances, customer advances and progress billings33,208
Inventory33,208
Prepaid expense15,084
Deferred costs7,835
Other current assets2,285
Total current assets:536,007
Noncurrent Assets
Property, plant and equipment1,874
Intangible assets, net (including goodwill)12,666
Goodwill12,666
Deferred costs18,334
Other noncurrent assets10,802
Total noncurrent assets:43,676
TOTAL ASSETS:579,683
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17,296
Accounts payable6,149
Accrued liabilities4,559
Employee-related liabilities6,588
Deferred revenue42,185
Other liabilities4,981
Other undisclosed current liabilities6,106
Total current liabilities:70,568
Noncurrent Liabilities
Liabilities, other than long-term debt59,613
Deferred revenue53,412
Other liabilities6,201
Total noncurrent liabilities:59,613
Total liabilities:130,181
Stockholders' equity
Stockholders' equity attributable to parent449,502
Common stock19
Additional paid in capital604,077
Accumulated other comprehensive income9
Accumulated deficit(154,603)
Total stockholders' equity:449,502
TOTAL LIABILITIES AND EQUITY:579,683

Income statement (P&L) ($ in thousands)

12/31/2021
Revenues110,637
Cost of revenue(120,710)
Gross profit:(10,073)
Operating expenses(61,579)
Operating loss:(71,652)
Nonoperating income
(Other Nonoperating income)
55
Interest and debt expense(27)
Loss from continuing operations before equity method investments, income taxes:(71,624)
Other undisclosed loss from continuing operations before income taxes(222)
Loss from continuing operations before income taxes:(71,846)
Income tax expense(115)
Net loss available to common stockholders, diluted:(71,961)

Comprehensive Income ($ in thousands)

12/31/2021
Net loss:(71,961)
Other comprehensive loss(226)
Comprehensive loss, net of tax, attributable to parent:(72,187)

Statements sources

The financial statements are based on the company's filings with the 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.

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