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... Then he was acquihired by Latch, which shortly thereafter imploded - Latch Lays Off 130, Promotes Lee Odess, Latch's Lee Odess...
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Latch had a disastrous 2022 but is now aiming for a sharp rebound backed by Ring's founder Jamie...
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...Operto size and customer profile
Revenue estimate
Market Expansion
Cost structure
Operto headcount
Latch comparison
Lock and PMS agnostic business model
IoT ecosystem
Customer service
Churn rate...
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I've got a customer that was sold on Latch. I made them aware of it's financial situation (which has been reported extensively on IPVM),...
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...includes "over 280 members" with many notable companies from the physical security space, including Latch and Resideo that were highlighted as "Promoters" (alongside big tech companies). ADT, Alarm.com,...
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..., Evolv, Knightscope, Latch).
On March 10, 2023, Airship and BYTE Acquisition Corp announced a non-binding LoI touting a...
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Latch stock has been falling for a while, e.g. Latch Falls To Penny Stock After Admitting "Material...
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A troubled Latch reported in a filing yesterday it was notified by the Nasdaq that a "final determination" on its...
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had an OAC meeting this morning for a 250 unit MFR using LATCH for access control. ownership has been TRYING TO PAY latch ($100k+ which latch could desperately...
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A former Latch sales director filed an investor class action suit against the company, alleging that Latch...
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Latch's CEO, interim CFO, and Chief Accounting Officer have all "resigned", effectively forced out...
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Latch keyless entry systems have had a security vulnerability which can allow individuals to gain...
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Irony: Note: Luke Schoenfelder is the Founder / CEO of Latch. Latch matches this prediction well. Latch Now Cuts 50%+ of Employees - Financials Analyzed...
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...both larger incumbents (such as LenelS2, Software House, and Motorola), super-funded newer entrants Latch and Verkada and smaller focused competitors such as Feenics and PDK.
Brivo was expecting to...
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Does anyone have any theories why this brand new apartment building has ButterflyMX, Latch, Rhombus, and Axis all in the same property literally with devices within feet of each other?...
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2022 has been a disaster for Latch and December so far has been even worse. Backstory - Latch Stock Declines After Lowering Full...
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... Taped-down latch bolts, trash inserted into strike boxes, and copy paper stuck between the armature and magnet...
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...
Compared to potential rivals, including a company like Latch, which has effectively imploded, Brivo still remains in a relatively good position, as it...
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In August 2022, 3 months ago, Latch admitted to an investigation into its financial reporting, while IPVM exclusively reported that...
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Latch is severely embattled, so much so that a recent investor report declared that Latch is worth...
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Lee Odess, Senior Vice President and former head of sales and marketing, has left Latch, less than a year after joining the company, his fifth company in seven years.
Inside this...
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...
Inside the Research section of this report, by contrasting them to Ava, Eagle Eye, Latch, and Verkada, we examine important lessons from this, including:
The deception involved using...
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... For example, Latch and SmartRent raised a billion dollars between them in 2021, and both went public (1, 2)....
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Latch, an embattled publicly traded company has partnered with another embattled publicly traded...
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...example, in the image below, the exit device always allows free egress from the inside, but a keyed latch allows outside access even if the strike or electronic latch 'fails secure':
The mechanical...
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One week after Latch quietly admitted "material errors and possible irregularities" the company, its CEO, former CFO,...
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Latch's stock, already down 90% for the year, fell another 10%+ on Friday, closing under a dollar...
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...has posted the following about IPVM: The context is that IPVM published posts about publicly traded Latch and its SVP Lee Odess. Latch's stock has fallen 90% in the past year, more than 50% of its...
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... This is an extension of a discussion from Latch's Lee Odess No Longer Running Sales And Marketing.
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3 months ago, Latch announced Lee Odess would take over sales and marketing as part of their layoff of 130 people....
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...
SmartRent's main publicly traded competitor, Latch has experienced even more significant problems including Latch Now Cuts 50%+ of Employees and...
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... The market for cloud access control continues to rise and Latch, potentially a major rising competitor is now in an existential crisis. Despite this deal not...
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... Strikes have a mechanical latch that swings to allow the door to open. This movement is shown below.
Strikes can be mounted...
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Latch misused letters of intent, inflating and manipulating bookings, a metric Latch reported to...
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Latch has admitted an investigation has commenced into its financial reporting practices, forcing the...
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...When present, the mullion plays a critical role in security, because it houses the cutouts that the latch extends into. A mullion can separate two door leaves or separate a single leaf from sidelites or...
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Latch has conducted its second round of layoffs in just over 2 months, with now more than 50% of...
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...other platforms include:
AMAG
Bosch
CDVI
Dahua
DMP
DSX
Hartmann
Hikvision
Kantech
Keyscan
Latch
Linear
Matrix Systems
Openpath
PDK
Software...
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...
While a much worse company than Brivo, Latch, in the same overall market as Brivo, has fallen nearly 90%:
August Next Deadline
In May,...
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... In contrast to Latch's broken business model, where Latch is losing money on hardware, we estimate Verkada's hardware...
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... While Latch, SmartRent, and Brivo have received most of the funding, the other 7 on this list show that...
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ADT is expanding into the multifamily access control market, made famous by Latch's troubles, with an acquisition of a Portland provider, IOTAS.
Inside this note, we examine...
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Just two weeks ago IPVM Research analyzed how Latch's business model was broken and how layoffs were likely.
Now, over 100 have been laid off...
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When do I need a power supply for electric latch retraction? A) Is this for when I have an intercom system (dry contact output), but no...
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While last year Latch lost $166 million, the bigger problem for Latch is its low growth rate, specifically how it is...
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Combined, SmartRent and Latch raised one billion dollars last year to disrupt the residential access control market. One year...
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Latch has discontinued its policy of paying commissions based on bookings, instead of the more...
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Latch business model is broken, IPVM has analyzed, based on new disclosures Latch has made on its ARR...
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Would you buy a widget for $100 and sell it for just $77? That's what Latch is doing. With Latch's stock down 60% in the last 6 months plus higher expenses and...
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Latch has a major management shakeout, following the company's stock falling 60%+ since starting to...
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Latch's stock is down 68.9% in the past year, amid challenges with high expenses, missed revenue and...
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While Latch went public last year raising $500+ million at a $1.5+ billion valuation, the stock has since...
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...What Illegal Latching Looks Like
The Code Citations Behind Multipoint Latches
Commercial Multipoint Latch Locks including Detex, Schlage and Securitech
Passive Hinge Pins Add Multipoint...
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Contrary to platforms like Latch and Verkada that require using their own proprietary hardware, RemoteLock focuses on customers...
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...Canadian billionaire who is an investor in the NBA's Golden State Warriors and physical security company Latch have generated international controversy. The Warriors attempted to distance themselves from...
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...
See IPVM's individual coverage for background:
Latch Goes Public, Raises ~$500 Million At $1.56 Billion Valuation
SmartRent Goes Public, Raises...
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Interested in knowing if any of you use a latch position indicator in the lock or strike. If you do not, why? If it depends, what does it depend...
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... Or, they can be held in with tape to prevent the latch from extending. The image above shows how trash can be used to prevent the latch from extending...
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...security SaaS companies to achieve astounding valuations in the public markets (followed this year by Latch, SmartRent, Evolv, and Brivo).
But Everbridge's stock plunged 45% after its CEO...
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...across the US and internationally, with real estate clients distributed across North America:
Versus Latch
ButterflyMX is entering a crowded SaaS-based access control market, against companies like...
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..., $235 Million for Anyvision, $500 Million for Latch, $80 Million for Turing, $150 Million for Flock), we expect more new entrants, and expanding...
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...addition of a push paddle as that appears to be a fixed bar from the picture and will need a different latch than it has."
"We would add either a dead latch paddle with electronics or add a push bar exit...
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...
What is more, the latch bolt, which a strike depends on to keep a door locked, is typically not included with custom...
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...
Latch: The last, most subtle stage may be the most important: 'latching' slows the swing action down...
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... In a few years, Turing could be like Flock, Verkada, and Latch, all with billion-dollar-plus valuations. If so, Rothman would do very well. However, Turing...
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...2 billion valuation, bigger than Latch's SPAC earlier this year. SmartRent touts its open architecture and being hardware agnostic, as...
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... Silent Tradeoff
Door/Latch Monitoring Importance
Strike Prices
Why Extra Hardware Is Often Needed
Installation...
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Latch's stock price declined ~17% the day after it announced its Q2 2021 earning and lowered full-year...
-
...Avigilon, IndigoVision, and Pelco as well as valuations for other access control companies including Latch, S2, and Avigilon's acquisition of RedCloud.
In Motorola's Q2 investor call, they disclosed...
-
... The image below shows five common ones:
Lock Latch Alignment: When lock latches are not perpendicular to the strike, they often cannot extend fully...
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...Outside Controls
ESL is essentially a power toggle thumbturn switch that kills power to the electric latch retraction and dogging of the exit device when activated.
For the unsecured/outside of the...
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...
Latch, an access control company, went public at 55x revenue through a SPAC merger.
Rekor, best known...
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...
Here is how a famous investor in Latch described it:
"Once installed it is more expensive for Latch clients to churn than remain a...
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... Example locks not needing RTE, per code, are electric strikes and latch bolts, because those types are typically mechanically overridden or latch retracted by door...
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... It does not have a panic bar nor deadbolt and they do not wish to modify the existing latch as the door and frame will eventually be replaced. Standard inexpensive latch set with a...
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...broadly but does not restrict customers (something that is clearly a positive for investors of Evolv, Latch, Verkada, etc.).
Though starting with gun detection, they now offer a ‘threat detection’...
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...
Strikes are built with a mechanical latch or jaws that swing out of the way when a door opens. This is an important characteristic of...
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Knightscope raised $21.9 million USD in its most recent Regulation A+ offering round, citing a...
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... Just this year, Latch's SPAC and Evolv's SPAC have been sizeable events in our industry, with the 2 deals combined...
-
..., compare to the recent SPAC of Latch and SPAC of Evolv. We are estimating a 10x multiple of annual recurring revenue. This does not...
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...the access market awash in new competition, especially on SaaS side with well-funded companies like (Latch, Openpath, and Proxy) looking to take market share, high prices are a significant...
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Unprecedented for access control, Latch is going public, raising ~$500 million which gives Latch a $1.56 billion valuation despite doing...
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...
Comparatively, smart lock company Latch prices its hardware cheaper ($2,999) and charges double the monthly per unit rate ($5). The...
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...Used Per Code
What The Major Components Are
Why Mullions Or Vertical Rods Are Needed
Why Electronic Latch Retraction Is Useful For Access Control
How Power Is Routed To Exit Devices
Mandatory...
-
...
Galaxy Control Systems
Genetec
GeoVision
Hartmann
HID
Idemia
Identiv
i-Pro
Latch
LifeSafetyPower
Matrix
Matrix Telecom Security
Mercury Security
Midpoint...
-
...
Latch: The last, most subtle stage may be the most important: 'latching' slows the swing action down...
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...
Lock Latch Alignment: When lock latches are not perpendicular to the strike, they often cannot extend fully...
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...A1001 also offers relay auxiliary outputs, (up to) 24 VDC outputs, two-way audio ports, and door inputs (Latch Monitors) to spare.
Pricing: The A1001 is available in limited US distribution only for...
