Latch, Inc. (LTCH)

Latch Income Statement

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

Fiscal Year	TTM	FY 2021	FY 2020	FY 2019
Period Ending	Mar 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	48.39	41.36	18.06	14.89
Revenue Growth (YoY)	120.30%	129.00%	21.32%	-
Cost of Revenue	50.91	44.04	20.24	17.3
Gross Profit	-2.52	-2.68	-2.18	-2.41
Selling, General & Admin	99.86	89.88	31.88	27.75
Research & Development	54.49	45.85	25.31	18.34
Operating Expenses	158.45	138.96	58.57	46.82
Operating Income	-160.97	-141.64	-60.75	-49.23
Interest Expense	-5.32	-7.78	-3.17	-
Interest & Investment Income	-	-	-	0.44
Other Non Operating Income (Expenses)	2.3	-8.5	-0.82	-
EBT Excluding Unusual Items	-163.99	-157.92	-64.74	-48.78
Gain (Loss) on Sale of Investments	0.05	0.05	-	-
Legal Settlements	-6.97	-6.93	-1.05	-0.48
Other Unusual Items	-1.47	-1.47	-0.2	-0.92
Pretax Income	-172.38	-166.27	-65.99	-50.18
Income Tax Expense	0.07	0.05	0.01	0.05
Net Income	-172.45	-166.32	-65.99	-50.23
Net Income to Common	-172.45	-166.32	-65.99	-50.23
Shares Outstanding (Basic)	119	86	7	7
Shares Outstanding (Diluted)	119	86	7	7
Shares Change (YoY)	1415.11%	1094.60%	10.27%	-
EPS (Basic)	-1.44	-1.92	-9.12	-7.65
EPS (Diluted)	-1.44	-1.92	-9.12	-7.65
Free Cash Flow	-137.32	-107.4	-53.91	-48.53
Free Cash Flow Per Share	-1.15	-1.24	-7.45	-7.39
Gross Margin	-5.21%	-6.47%	-12.06%	-16.19%
Operating Margin	-332.68%	-342.46%	-336.37%	-330.66%
Profit Margin	-356.40%	-402.13%	-365.40%	-337.38%
Free Cash Flow Margin	-283.80%	-259.67%	-298.49%	-326.01%
EBITDA	-159.28	-140.8	-60.17	-48.8
D&A For EBITDA	1.69	0.84	0.58	0.42
EBIT	-160.97	-141.64	-60.75	-49.23
Revenue as Reported	48.39	41.36	18.06	14.89
Advertising Expenses	-	2.5	0.4	0.8

Source: S&P Capital IQ. Standard template. Financial Sources.