Latch, Inc. financial data

Symbol
LTCH on OTC
Industry
Wholesale-Hardware
Location
1220 N Price Road, Suite 2, Olivette, MO
State of incorporation
DE
Fiscal year end
December 31
Former names
TS Innovation Acquisitions Corp. (to 6/7/2021)
Latest financial report
10-K - Q4 2023 - Mar 26, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 355 % -46.8%
Quick Ratio 30.7 % -52.5%
Debt-to-equity 52.8 % +94.7%
Return On Equity -57.2 % +0.23%
Return On Assets -37.4 % +17%
Operating Margin -245 % +36.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 165M shares
Common Stock, Shares, Outstanding 175M shares +21.3%
Entity Public Float 161M USD +23.8%
Common Stock, Value, Issued 19K USD +18.8%
Weighted Average Number of Shares Outstanding, Basic 159M shares +10.1%
Weighted Average Number of Shares Outstanding, Diluted 159M shares +10.1%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 45M USD +4.67%
Cost of Revenue 32.6M USD -30.4%
Research and Development Expense 33.8M USD -38.5%
Selling and Marketing Expense 15.4M USD -66.2%
General and Administrative Expense 66.2M USD +19.7%
Operating Income (Loss) -110M USD +33.3%
Nonoperating Income (Expense) 2.76M USD -7.91%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -108M USD +33.7%
Income Tax Expense (Benefit) 30K USD -66.3%
Net Income (Loss) Attributable to Parent -108M USD +33.8%
Earnings Per Share, Basic -0.68 USD/shares +39.8%
Earnings Per Share, Diluted -0.68 USD/shares +39.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 94.7M USD -13.8%
Accounts Receivable, after Allowance for Credit Loss, Current 6M USD -14.6%
Inventory, Net 16.6M USD -43.7%
Assets, Current 237M USD -15.1%
Property, Plant and Equipment, Net 1.47M USD -40.6%
Operating Lease, Right-of-Use Asset 2.8M USD +567%
Intangible Assets, Net (Excluding Goodwill) 4.79M USD +3502%
Goodwill 25.3M USD
Other Assets, Noncurrent 6.1M USD +102%
Assets 294M USD -7.02%
Accounts Payable, Current 3.64M USD -39.4%
Accrued Liabilities, Current 55M USD +114%
Contract with Customer, Liability, Current 10.8M USD +1.41%
Liabilities, Current 94.3M USD +113%
Contract with Customer, Liability, Noncurrent 28.7M USD -7.99%
Other Liabilities, Noncurrent 2.22M USD +1159%
Liabilities 125M USD +65.1%
Accumulated Other Comprehensive Income (Loss), Net of Tax 48K USD
Retained Earnings (Accumulated Deficit) -601M USD -21.8%
Stockholders' Equity Attributable to Parent 169M USD -29.7%
Liabilities and Equity 294M USD -7.02%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -25.7M USD +41.1%
Net Cash Provided by (Used in) Financing Activities 0 USD
Net Cash Provided by (Used in) Investing Activities 32.6M USD +170%
Common Stock, Shares Authorized 1B shares 0%
Common Stock, Shares, Issued 175M shares +21.3%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 6.86M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 94.7M USD -13.8%
Deferred Tax Assets, Valuation Allowance 147M USD +21.4%
Deferred Tax Assets, Gross 150M USD +20.8%
Operating Lease, Liability 2.75M USD +550%
Payments to Acquire Property, Plant, and Equipment 10K USD -99.2%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -106M USD +35%
Lessee, Operating Lease, Liability, to be Paid 4.18M USD +807%
Property, Plant and Equipment, Gross 5.98M USD +5.58%
Lessee, Operating Lease, Liability, to be Paid, Year Two 632K USD +245%
Lessee, Operating Lease, Liability, to be Paid, Year One 589K USD +112%
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure -27.6%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.43M USD +3759%
Lessee, Operating Lease, Liability, to be Paid, Year Three 332K USD
Deferred Tax Assets, Operating Loss Carryforwards 108M USD +20.1%
Preferred Stock, Shares Authorized 100M shares
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 342K USD
Additional Paid in Capital 770M USD +4.68%
Amortization of Intangible Assets 500K USD +150%
Depreciation, Depletion and Amortization 7.2M USD +30.8%
Deferred Tax Assets, Net of Valuation Allowance 3.55M USD +2.39%
Share-based Payment Arrangement, Expense 18.2M USD -39.9%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares