Latch, Inc. operates as an enterprise technology company in the United States and Canada. The company offers LatchOS, an operating system that extends smart access, delivery and guest management, smart home and sensors, connectivity, and personalization and services. Its software products include Latch Resident Mobile Applications, Latch Manager Web, and the Latch Manager Mobile Applications. The company also offers hardware devices that include M, C, and R series door-mounted access control products; Latch Intercom, which integrates into the Latch core access systems and allows audio and video calls for remote unlocking; Latch Camera, a dome camera; Latch Hub, a connectivity solution that enables smart access, smart home, and sensor devices at various buildings; and Latch Leak Detector, a solution to enable leak prevention, detection, and resolution for building owners and residents. In addition, it provides NFC unlock on Android that allows the user to unlock their door without even opening their phone; Latch Visitor Express, a contactless visitor entry system; and LatchID, an identification system. The company is headquartered in New York, New York.
Revenue of Latch, Inc. (LTCH)
Revenue in 2021 (TTM): $41.36 M
According to Latch, Inc.'s latest financial reports the company's current revenue (TTM) is $41.36 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Latch, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2021 | $41.36 M | $-2,678,000 | $-135,407,000 | $-166,266,000 | $-166,319,000 |
| 2020 | $18.06 M | $-2,178,000 | $-59,353,000 | $-65,986,000 | $-65,994,000 |
| 2019 | $14.89 M | $-2,410,000 | $-48,064,000 | $-50,176,000 | $-50,226,000 |