Latch, Inc. makes spaces better places to live, work, and visit through a system of software, devices, and services in the United States. Its products include LatchOS for Commercial Office, a commercial solution that would extend smart access, visitor and delivery management, smart device and sensor control, connectivity, and identity and personalization solutions to meet the needs of modern office spaces; Latch Visitor Express, a contactless visitor entry system; The Latch Lens Partner Program that enables access device partners to leverage Latch's software and Latch Lens; LatchID, an identification system that creates a network of users, across spaces, and devices; and Latch C2, a smart access solution for retrofits and new construction. The company is headquartered in New York City, with additional offices in San Francisco and Taipei.
IPO Year: 2020
Exchange: NASDAQ
Website: latch.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/25/2022 | $3.25 → $1.14 | Mkt Perform → Underperform | Keefe Bruyette |
| 7/22/2022 | $5.00 | Neutral | Cantor Fitzgerald |
| 2/25/2022 | $16.00 → $5.00 | Overweight → Neutral | Cantor Fitzgerald |
| 2/14/2022 | $7.50 | Mkt Perform | Keefe Bruyette |
| 2/8/2022 | $8.00 | Buy | Colliers Securities |
| 1/21/2022 | $11.50 | Buy | DA Davidson |
| 1/11/2022 | $8.00 | Buy | Berenberg |
| 11/18/2021 | $15.00 | Outperform | Imperial Capital |
| 10/18/2021 | $16.00 → $10.00 | Buy → Neutral | Goldman Sachs |
| 10/5/2021 | $10.00 | Underperform | B of A Securities |
8-K - Latch, Inc. (0001826000) (Filer)
8-K - Latch, Inc. (0001826000) (Filer)
10-K - Latch, Inc. (0001826000) (Filer)
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10-Q - Latch, Inc. (0001826000) (Filer)
8-K - Latch, Inc. (0001826000) (Filer)
8-K - Latch, Inc. (0001826000) (Filer)
NT 10-Q - Latch, Inc. (0001826000) (Filer)
NT 10-Q - Latch, Inc. (0001826000) (Filer)
8-K - Latch, Inc. (0001826000) (Filer)
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3 - Latch, Inc. (0001826000) (Issuer)
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3 - Latch, Inc. (0001826000) (Issuer)
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3 - Latch, Inc. (0001826000) (Issuer)
3 - Latch, Inc. (0001826000) (Issuer)
3 - Latch, Inc. (0001826000) (Issuer)
Under the direction of new leadership, the company remains focused on its core multifamily access control and smart building solutions business. Latch, Inc., soon to be DOOR, today announced the appointment of a new leadership team to spearhead its next phase of growth and execution. The appointments, which are effective immediately, include: Dave Lillis, Chief Executive Officer – Dave Lillis has been appointed by Latch's board of directors as Chief Executive Officer, succeeding interim CEO Jason Keyes, who is stepping down as planned following the completion of Latch's financial restatement in December 2024. Lillis joined Latch at its St. Louis headquarters as Senior Vice President of
The Company continues to work diligently to file its 2023 and 2024 SEC reports Latch, Inc. ("Latch" or the "Company"), soon to be DOOR, today announced that on December 19, 2024, the Company completed its previously announced restatement and filed its Annual Report on Form 10-K for the year ended December 31, 2022 (the "2022 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The Company also concurrently filed its Quarterly Reports on Form 10-Q for the quarterly periods ended June 30, 2022 and September 30, 2022. The completion of the restatement and the filing of the associated reports with the SEC are major milestones for the Company as it continues to work
DOOR Bug is the latest addition to the company's smart sensor line up that enables customers to easily and affordably monitor their buildings. Latch, Inc., soon to be DOOR, today announced at ISC East 2024 the new DOOR Bug, a $39 AI-powered event and leak detector that monitors for running toilets, sink leaks, and other common household problems – alerting property managers about potential issues before they become expensive emergencies. In the U.S., the average cost of water damage restoration ranges from $1,300 to $5,600, making early detection with affordable IoT solutions a priority for property managers and building owners. This press release features multimedia. View the full relea
The company's St. Louis-based leadership team will continue executing the strategy Siminoff has laid out, focusing on efficiency and delivering value for customers. Latch, Inc., soon to be DOOR, today announced Jamie Siminoff, Chief Strategy Officer, will step down from his current role and transition to the advisory role of Doorman in 2025. Over the last year and a half, the team at DOOR has built upon the foundation of Latch's existing access control solutions and entry systems with new products and services that deliver the connected residential living experience people expect in today's world. With a continued focus on operational discipline and efficiency, the company will be executi
DOOR Link and Solar Sign add cost effective ways to upgrade the resident experience in multi-family buildings. Latch, Inc., soon to be DOOR, today announced refreshed designs for DOOR Link, the QR code-powered intercom that provides all of the interconnected benefits of Latch products without the need for a power source. The simple, easy-to-use QR code is installed at an entryway and can be scanned with a smartphone to open a virtual intercom. The product does not require a subscription and is an extremely cost effective way to upgrade a building. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241001349698/en/The DOOR Solar Sign
The new kit enables property managers to quickly and easily update their buildings with modern, mobile-enabled door access readers using existing wiring Latch, Inc., soon to be DOOR, today announced its new R2 Retrofit Kit, engineered to quickly and simply replace outdated door access readers with the modern, mobile-enabled Latch R2. The new Retrofit Kit joins Latch's suite of locks, intercoms, access control solutions, and building monitoring systems that enable Latch customers to deliver more value to their residents and generate additional Net Operating Income (NOI). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240910671839
The company's new suite of smart sensors and IoT products is expected to enable customers to easily monitor their buildings and, in turn, boost NOI Latch, Inc., soon to be rebranded to Door.com, today unveiled a new marketing campaign: "Don't Die, Get NOI." As part of the campaign, Latch launched a suite of new, affordable smart sensors and IoT products for apartment buildings to enable facilities managers to monitor their buildings from the Latch Manager app. The sensor suite provides an affordable option for building owners and operators to monitor everything from burst pipes to doors left open, and also includes smart thermostats and light switches, as well as temperature, humidity, an
The company remains committed to building a disciplined and efficient business that makes spaces better places to live, work, and visit Latch, Inc. (NASDAQ:LTCH) today announced it received an expected notice from the hearings panel (the "Panel") of The Nasdaq Stock Market LLC ("Nasdaq") stating that the Panel has determined to suspend trading of the company's securities on August 10, 2023 and commence delisting procedures because of the company's failure to meet the August 4, 2023 deadline to regain compliance with its periodic filing obligations. Once the suspension takes effect, Latch expects that its securities will be traded on the OTC Expert Market. The company was unable to meet
The company plans to leverage Honest Day's Work's global workforce, reduce operational spend, and create a stronger foundation for growth. Following the completion of the Honest Day's Work (HDW) acquisition earlier this month, Latch, Inc. (NASDAQ:LTCH) today announced its commitment to enhancing operational discipline and efficiency within the organization. As part of this strategic initiative, the company expects to reduce its current U.S.- and Taiwan-based workforce approximately 59% by November 1, 2023. HDW's talent philosophy and global team have enabled Latch to quickly execute on cost savings, and the decreased U.S.- and Taiwan-based headcount should allow for additional cost cutt
Acquisition enables Latch to deliver on its mission of making spaces better places to live, work, and visit Latch, Inc. (NASDAQ:LTCH) today announced that it has completed the previously announced acquisition of Honest Day's Work ("HDW"), Ring founder Jamie Siminoff's latest company dedicated to enabling residential service providers, such as housekeepers, dog walkers, and drivers, to operate more efficiently, profitably, and independently through technology. Latch acquired 100% of the capital stock of HDW in exchange for approximately 29.0 million shares of Latch's common stock, subject to certain time-based and stock performance-based transfer restrictions, and $22.0 million aggregate
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Under the direction of new leadership, the company remains focused on its core multifamily access control and smart building solutions business. Latch, Inc., soon to be DOOR, today announced the appointment of a new leadership team to spearhead its next phase of growth and execution. The appointments, which are effective immediately, include: Dave Lillis, Chief Executive Officer – Dave Lillis has been appointed by Latch's board of directors as Chief Executive Officer, succeeding interim CEO Jason Keyes, who is stepping down as planned following the completion of Latch's financial restatement in December 2024. Lillis joined Latch at its St. Louis headquarters as Senior Vice President of
SAN FRANCISCO, Nov. 19, 2021 /PRNewswire/ -- Serve Robotics, the leading autonomous sidewalk delivery company, today announced that Euan Abraham is joining the company as its Senior Vice President of Hardware Engineering, effective January 2022. Formerly a senior leader at Apple and GoPro, Euan will guide ongoing development of Serve's sustainable, self-driving robots, which autonomously navigate sidewalks and travel intelligently alongside people. Euan Abraham is a leader in hardware design who brings over two decades of experience driving the commercial success of a range of
First Quarter 2022 Software Revenue of $3.0 million, up 88% year-over-yearRevenue of $13.7 million, up 106% year-over-yearARR of $7.9 million, up 137% year-over-yearSpaces of 126,746, up 129% year-over-year NEW YORK, May 05, 2022 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ:LTCH) ("Latch" or the "Company"), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today reported financial results for the three months ended March 31, 2022. "Demand for Latch-enabled spaces continues to grow among multifamily real estate owners, operators, and developers, and is reflected in our strong first quarter performance," said Luke Schoenfelder, Latch Co-Founder, CEO, and Cha
NEW YORK, April 14, 2022 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ:LTCH) ("Latch" or the "Company"), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today announced that it will report financial results for the first quarter of 2022 on Thursday, May 5, 2022, after the market closes. Latch will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on Thursday, May 5, 2022. To access the conference call, dial (833) 562-0132 for the U.S. or Canada, or (661) 567-1107 for callers outside the U.S. or Canada, with Conference ID: 9874409. The webcast will be available live, and a recordin
Fourth Quarter 2021 Revenue of $14.5 million, up 94% year-over-yearTotal Bookings of $96.8 million, up 113% year-over-yearTotal Booked ARR of $71.5 million, up 130% year-over-year Full Year 2021 Revenue of $41.4 million, up 129% year-over-yearTotal Bookings of $360.2 million, up 118% year-over-year NEW YORK, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ:LTCH) ("Latch" or the "Company"), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today reported financial results for the three months and year ended December 31, 2021. "It was another strong quarter for Latch, wrapping up a big 2021 for our team. Not only did we take the company public ea
NEW YORK, Feb. 03, 2022 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ:LTCH) ("Latch"), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today announced that it will report financial results for the fourth quarter and year ended December 31, 2021 on Thursday, February 24, 2022 after the market closes. Latch will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on Thursday, February 24, 2022. To access the conference call, dial (833) 562-0132 for the U.S. or Canada, or (661) 567-1107 for callers outside the U.S. or Canada, with Conference ID: 6764765. The webcast will be available l
Revenue of $11.2 million, up 120% year-over-yearTotal Bookings of $96.0 million, up 181% year-over-yearTotal Booked ARR of $59.8 million, up 126% year-over-year NEW YORK, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ:LTCH) ("Latch" or the "Company"), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today reported financial results for the three and nine months ended September 30, 2021. "It was another record quarter for Latch, with 120% revenue growth year-over-year. This reflects our vast market opportunity and the fierce industry demand for our products and the experiences they deliver for real estate operators, residents, and service provid
NEW YORK, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ:LTCH) ("Latch" or the "Company"), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today announced that it will report financial results for the third quarter of 2021 on Tuesday, November 9th, 2021 after the market closes. Latch will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on Tuesday, November 9th, 2021. To access the conference call, dial (833) 562-0132 for the U.S. or Canada, or (661) 567-1107 for callers outside the U.S. or Canada, with Conference ID: 7987726. The webcast will be available live on th
Total Bookings of $95.8 million, up 102% year-over-yearTotal Booked ARR of $48.8 million, up 122% year-over-yearRevenue of $9.0 million, up 227% year-over-year NEW YORK, Aug. 12, 2021 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ:LTCH) ("Latch" or the "Company"), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today reported financial results for the three and six months ended June 30, 2021. "Latch continues to see powerful demand for our products that drove a sharp acceleration in Total Bookings and revenue growth in the first half of the year," said Luke Schoenfelder, Latch Co-Founder, CEO, and Chairman of the Board of Directors. "These results underscor
NEW YORK, July 28, 2021 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ:LTCH) ("Latch" or the "Company"), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today announced that it will report financial results for the second quarter of 2021 on Thursday, August 12th, 2021 after the market closes. Latch will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on Thursday, August 12th, 2021. To access the conference call, dial (833) 562-0132 for the U.S. or Canada, or (661) 567-1107 for callers outside the U.S. or Canada, with Conference ID: 7130858. The webcast will be available live
Keefe Bruyette downgraded Latch from Mkt Perform to Underperform and set a new price target of $1.15 from $3.25 previously
Cantor Fitzgerald resumed coverage of Latch with a rating of Neutral and set a new price target of $5.00
Cantor Fitzgerald downgraded Latch from Overweight to Neutral and set a new price target of $5.00 from $16.00 previously
Keefe Bruyette initiated coverage of Latch with a rating of Mkt Perform and set a new price target of $7.50
Colliers Securities initiated coverage of Latch with a rating of Buy and set a new price target of $8.00
DA Davidson initiated coverage of Latch with a rating of Buy and set a new price target of $11.50
Berenberg initiated coverage of Latch with a rating of Buy and set a new price target of $8.00
Imperial Capital initiated coverage of Latch with a rating of Outperform and set a new price target of $15.00
Goldman Sachs downgraded Latch from Buy to Neutral and set a new price target of $10.00 from $16.00 previously
B of A Securities initiated coverage of Latch with a rating of Underperform and set a new price target of $10.00