Latch, Inc. (LTCH)

Latch Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	70.2	94.68	109.83	124.78	60.53
Short-Term Investments	6.14	85.82	120.23	158.97	-
Cash & Short-Term Investments	76.34	180.49	230.06	283.76	60.53
Cash Growth	-57.70%	-21.55%	-18.92%	368.79%	11.64%
Accounts Receivable	13.94	11.94	7.03	11.89	8.23
Other Receivables	10	10.96	-	-	-
Receivables	23.94	22.9	7.03	11.89	8.23
Inventory	14.38	16.56	29.44	23.08	8.29
Prepaid Expenses	2.77	5.16	12.33	12.71	3.31
Other Current Assets	12.72	11.75	-	-	-
Total Current Assets	130.15	236.85	278.86	331.42	80.36
Property, Plant & Equipment	1.07	1.47	2.47	2.04	0.75
Long-Term Investments	-	-	4.84	102.88	-
Goodwill	30.21	25.32	-	-	-
Other Intangible Assets	13.33	14.55	13.89	11.85	7.71
Other Long-Term Assets	21.66	16.24	16.62	1.41	0.79
Total Assets	196.42	294.43	316.66	449.6	89.61
Accounts Payable	7.82	3.64	6.01	6.52	3.73
Accrued Expenses	8.16	6.81	13.04	16.24	5.03
Current Portion of Long-Term Debt	1.31	22	-	-	-
Current Portion of Leases	0.7	-	-	-	-
Current Unearned Revenue	11.9	10.84	10.69	7.26	2.34
Other Current Liabilities	27.29	51.05	14.53	12.6	0.75
Total Current Liabilities	57.19	94.34	44.26	42.61	11.86
Long-Term Debt	4.52	-	-	-	57.2
Long-Term Leases	2.19	-	-	-	-
Long-Term Unearned Revenue	21.28	28.74	31.24	23.21	13.18
Other Long-Term Liabilities	0.06	2.22	0.41	9.79	1.05
Total Liabilities	85.24	125.3	75.91	75.61	83.28
Common Stock	0.02	0.02	0.02	0.02	-
Additional Paid-In Capital	769.87	770.2	735.79	705.87	7.9
Retained Earnings	-658.72	-601.13	-493.59	-331.21	-162.19
Treasury Stock	-0	-	-	-	-
Comprehensive Income & Other	0.02	0.05	-1.46	-0.68	0.01
Total Common Equity	111.18	169.14	240.76	373.99	-154.28
Shareholders' Equity	111.18	169.14	240.76	373.99	6.33
Total Liabilities & Equity	196.42	294.43	316.66	449.6	89.61
Total Debt	8.72	22	-	-	57.2
Net Cash (Debt)	67.62	158.49	230.06	283.76	3.33
Net Cash Growth	-57.33%	-31.11%	-18.92%	8410.95%	-93.85%
Net Cash Per Share	0.43	1.06	1.60	3.28	0.46
Filing Date Shares Outstanding	164.03	164.83	160.96	142.78	15.16
Total Common Shares Outstanding	164.09	176.2	145.35	142.33	9.11
Working Capital	72.96	142.52	234.59	288.81	68.5
Book Value Per Share	0.68	0.96	1.66	2.63	-16.94
Tangible Book Value	67.65	129.27	226.87	362.14	-161.99
Tangible Book Value Per Share	0.41	0.73	1.56	2.54	-17.79
Machinery	6.44	5.98	5.67	3.9	1.88
Leasehold Improvements	0.16	-	-	-	-

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.