SmartRent Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019
Revenue	236.84	167.82	110.64	52.53	36.23
Revenue Growth (YoY)	41.13%	51.69%	110.60%	44.99%	-
Cost of Revenue	187.31	166.47	120.71	56.83	37.28
Gross Profit	49.53	1.35	-10.07	-4.3	-1.05
Selling, General & Admin	63.88	76.18	40.01	22.01	21.06
Research & Development	28.81	29.42	21.57	9.41	7.73
Operating Expenses	92.69	105.6	61.58	31.42	28.79
Operating Income	-43.16	-104.25	-71.65	-35.72	-29.83
Interest Expense / Income	-8.58	-1.95	0.25	0.56	0.16
Other Expense / Income	0.12	-0.6	-0.06	0.69	0.27
Pretax Income	-34.7	-101.71	-71.85	-36.96	-30.26
Income Tax	-0.11	-5.39	0.12	0.15	0
Net Income	-34.59	-96.32	-71.96	-37.11	-30.26
Preferred Dividends	0	0	0	0	3.21
Net Income Common	-34.59	-96.32	-71.96	-37.11	-33.47
Shares Outstanding (Basic)	201	196	75	9	1
Shares Outstanding (Diluted)	201	196	75	9	1
Shares Change	2.62%	161.74%	769.05%	833.55%	-
EPS (Basic)	-0.17	-0.49	-0.96	4.32	-36.34
EPS (Diluted)	-0.17	-0.49	-0.96	4.32	-36.34
Free Cash Flow	2.21	-82.15	-71.85	-28.79	-22.63
Free Cash Flow Per Share	0.01	-0.42	-0.96	-3.35	-24.57
Gross Margin	20.91%	0.80%	-9.10%	-8.18%	-2.89%
Operating Margin	-18.22%	-62.12%	-64.76%	-67.99%	-82.34%
Profit Margin	-14.60%	-57.40%	-65.04%	-70.64%	-92.37%
Free Cash Flow Margin	0.93%	-48.95%	-64.94%	-54.80%	-62.47%
EBITDA	-36.64	-97.99	-70.51	-35.65	-29.85
EBITDA Margin	-15.47%	-58.39%	-63.73%	-67.85%	-82.39%
Depreciation & Amortization	6.64	5.67	1.08	0.76	0.25
EBIT	-43.28	-103.66	-71.6	-36.4	-30.1
EBIT Margin	-18.27%	-61.77%	-64.71%	-69.29%	-83.08%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).