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Stock impact report

2 Reasons to Like SMRT (and 1 Not So Much) [Yahoo! Finance]

SmartRent, Inc. Class A (SMRT) 
US:NASDAQ Investor Relations: ir.steinmart.com/investor-relations
Company Research Source: Yahoo! Finance
This was partly driven by its softer quarterly results and might have investors contemplating their next move. Following the pullback, is now an opportune time to buy SMRT? Find out in our full research report, it's free Founded by an employee at a real estate rental company, SmartRent (NYSE:SMRT) provides smart home devices and software for multifamily residential properties, single-family rental homes, and student housing communities. We can better understand Internet of Things companies by analyzing their ARR, or annual recurring revenue. This metric shows how much SmartRent expects to collect from its existing customer base in the next 12 months, giving visibility into its future revenue streams. SmartRent's ARR punched in at $54.4 million in the latest quarter, and over the last two years, its year-on-year growth averaged 41.5%. This performance was fantastic and shows that customers are willing to take multi-year bets on the company's product offerings. Its growth also m Show less Read more
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