Latch Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	44.96	42.96	27.61	13	14.89
Revenue Growth (YoY)	4.67%	55.56%	112.49%	-12.71%	-
Cost of Revenue	32.64	46.88	32.65	15.62	17.3
Gross Profit	12.33	-3.92	-5.04	-2.63	-2.41
Selling, General & Admin	81.61	98.87	88.23	32.28	27.75
Research & Development	33.79	54.93	46.19	25.79	18.34
Operating Expenses	122.59	159.31	137.52	59.49	46.82
Operating Income	-110.27	-163.23	-142.56	-62.12	-49.23
Interest Expense	-	-2.96	-7.76	-3.17	-
Interest & Investment Income	-	-	-	-	0.44
Other Non Operating Income (Expenses)	2.76	9.42	-8.43	-0.89	-
EBT Excluding Unusual Items	-107.51	-156.78	-158.75	-66.18	-48.78
Gain (Loss) on Sale of Investments	-	-3.46	0.05	-	-
Legal Settlements	-	-2.01	-6.93	-1.04	-0.48
Other Unusual Items	-	-	-1.47	-0.2	-0.92
Pretax Income	-107.51	-162.25	-167.09	-67.42	-50.18
Income Tax Expense	0.03	0.09	0.05	0.01	0.05
Net Income	-107.54	-162.34	-167.15	-67.42	-50.23
Net Income to Common	-107.54	-162.34	-167.15	-67.42	-50.23
Shares Outstanding (Basic)	159	144	86	7	7
Shares Outstanding (Diluted)	159	144	86	7	7
Shares Change (YoY)	10.81%	66.08%	1094.60%	10.27%	-
EPS (Basic)	-0.68	-1.13	-1.93	-9.31	-7.65
EPS (Diluted)	-0.68	-1.13	-1.93	-9.31	-7.65
Free Cash Flow	-65.91	-137.48	-108.06	-54.53	-48.53
Free Cash Flow Per Share	-0.41	-0.96	-1.25	-7.53	-7.39
Gross Margin	27.41%	-9.13%	-18.25%	-20.21%	-16.19%
Operating Margin	-245.25%	-380.01%	-516.28%	-477.99%	-330.66%
Profit Margin	-239.18%	-377.92%	-605.32%	-518.84%	-337.38%
Free Cash Flow Margin	-146.60%	-320.05%	-391.35%	-419.62%	-326.01%
EBITDA	-103.07	-161.63	-141.67	-61.5	-48.8
EBITDA Margin	-229.24%	-	-	-	-
D&A For EBITDA	7.2	1.6	0.89	0.62	0.42
EBIT	-110.27	-163.23	-142.56	-62.12	-49.23
EBIT Margin	-245.25%	-	-	-	-
Revenue as Reported	44.96	42.96	27.61	13	14.89
Advertising Expenses	-	2.7	2.5	0.4	0.8

Updated Dec 19, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.