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- Market Cap.:
- $1.78 billion
- Book Value:
- Revenue TTM:
- $48.39 million
- Operating Margin TTM:
- Gross Profit TTM:
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Latch Inc had its IPO on 2020-12-31 under the ticker symbol LTCHW.
The company operates in the Technology sector and Software-Application industry. Latch Inc has a staff strength of 440 employees.
Shares of Latch Inc opened at $0.01 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $0.01 - $0.01, and closed at $0.01.
This is a +1550% increase from the previous day's closing price.
A total volume of 35,553 shares were traded at the close of the day’s session.
In the last one week, shares of Latch Inc have slipped by -75%.
Latch Inc's Key Ratios
Latch Inc has a market cap of $1.78 billion, indicating a price to book ratio of 0 and a price to sales ratio of 0.
In the last 12-months Latch Inc’s revenue was $48.39 million with a gross profit of $0 and an EBITDA of $-159276992. The EBITDA ratio measures Latch Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Latch Inc’s operating margin was -332.68% while its return on assets stood at -40.6% with a return of equity of -105.19%.
In Q1, Latch Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 106%.
Latch Inc’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $0 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Latch Inc’s profitability.
Latch Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 0.
Latch Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $415.12 million
- Total Liabilities
- $40.59 million
- Operating Cash Flow
- $12.17 million
- Capital Expenditure
- $2.81 million
- Dividend Payout Ratio
Latch Inc ended 2023 with $415.12 million in total assets and $0 in total liabilities. Its intangible assets were valued at $415.12 million while shareholder equity stood at $342.34 million.
Latch Inc ended 2023 with $0 in deferred long-term liabilities, $40.59 million in other current liabilities, 32000.00 in common stock, $-373702000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $90.96 million and cash and short-term investments were $263.95 million. The company’s total short-term debt was $0 while long-term debt stood at $0.
Latch Inc’s total current assets stands at $323.96 million while long-term investments were $71.06 million and short-term investments were $172.99 million. Its net receivables were $28.97 million compared to accounts payable of $5.76 million and inventory worth $19.00 million.
In 2023, Latch Inc's operating cash flow was $12.17 million while its capital expenditure stood at $2.81 million.
Comparatively, Latch Inc paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Latch Inc stock is currently trading at $0.01 per share. It touched a 52-week high of $0.2449 and a 52-week low of $0.2449. Analysts tracking the stock have a 12-month average target price of $.
Its 50-day moving average was $0.12 and 200-day moving average was $0.09 The short ratio stood at 0 indicating a short percent outstanding of 0%.
Around 0% of the company’s stock are held by insiders while 0% are held by institutions.
Frequently Asked Questions About Latch Inc
Similar Industry Stocks (Software-Application)
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.