Latch CFO Is Out, COO Removed As Executive Officer

By John Honovich, Published Mar 29, 2022, 09:50am EDT (Research)

***** *** * ***** ********** ********, following *** *******'* ***** ******* **%+ since ******** ** ***** **** ****.

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*** *******'* *** ** ******* *** the *** ** ***** ******* ** an ********* *******.

**** **** ** **** ****, ***** was * *** *******,******* ** * $*.* ******* *********, *** *** ************* ** ******* *** ******** * $166 ******* **** *** **** ******** ************* **** ***** "*** ****" ******** revenue.

****** **** ****, ** ******* *** departures, *** ** **, *** **** this **** ***** *** *******'* ******** and *********.

Out / *******

********** ***** ** *-* **** *** SEC ***** ************* *******. ********* *** ******* ********* changes *** *** * *** *********** executives:

** ***** **, **** (*** “********* Date”), *****, ***. (*** “*******”) ******** ********, ***** ********* ******* *** *********,reached ** ********* to enable Mr. Mitchell to transition *** ** the Company to pursue other opportunities

** ***** **, ****, *** ******* and*** *******, ***** ********* *******,reached ** ************* that Mr. Hussain would cease ** ***** as the Company’s principal operating officer and as an “executive *******” of the Company [emphasis added]

*** *** ******* ** ***************, *** last **** ** ********** ** ** 6 *****.

*** *** ****** ** **** *******. The *** **** ** **** *** title ** "***" *** *** **************** will ****** ** **** ************ *** functions, **** ** "******* ********, ********* initiatives, *&* *********** *** ****-**** ********".

**********,***** ************ *******'* ****:

** **** ** *** *****, **********, People ***, *** ******** ********** *************, Ali ******* *** ******** *****’* ******** strategy

CEO **** *** ****************

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**********, *** *** ** *********** ******** the *** ** ****:

**** ************, *** *******’* ***** ********* ******* and ******** ** *** *****, **** assume **. *******’* ***** ****** *** serve ** *** *******’* ********* ********* officer.

*** ******* ** ********* ****** ******* on *** ***.

Execution ************

** ********* ***** **** ** ***** moves ******** ** ***** ********* ** investors **** **** **** **** ********* improvements ** **** **** *** ******* problems **** **** *********** ** *** less **** *** **** **** **** been ******** ******.

No *** *** *********

********** *-******* ***** ************ *** ******* ** * *** COO ***** *****. **** ** ******** surprising ** *** ******** ****** ********* often **** ** *** ** *********** operations ****** ** ****** *** **** greater ************ ******** ** ***** ******.

New *** ******

** ********, ***** ************ **** *** looking *** * *** ***:

*** ******* *** ******* ***** * search ******* *** * *** *** to ******* *****’* ********* ******.

*** ******* *** *** **** ***** when **** ****** *******, ****** **** now **** ** ******* ***,***** ************ *** ***** **** **** ** SVP ******* *** *** *********** ********** at * ****** ** ******** **** companies **********.

Execution ** ******** ********

******* ********* ** *** ******* ******* for *** *******, ** *** *** certain. *******, ********* *** ******* *** (1) ********* ** (*) ******** ********. It ** ****** ** ****** *** CFO *** *** **** ** ***** the *** *******, *** ** *** face *** "******" ** *** *******.

CEO ********

*******, **** **** **** **** ******** on *** ***. *** **** *** picks *** *** *** *** *** removed, ** ******** ********, ** ** more ****** *** ***** **** ** placed ** *** ***, ********** ***** the *** ** ********* ******** *** COO's ****** ***.

Tough ********** ** *********

**** * **** ***, *** *** committed ** *** ********* ****** **** revenue ***********:

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**** ****** ******* ****** ** ** $41 ****** **** $** ******* *** this ****, *** ******** ********** *** to **** **** ****** *******.

*********, **** * ******* ***** ** grow ** **** * ****, ********* precision ** *** *** *** ****** problem *** **** ** *** ******** of ******* **** ******* ** **** type ** ******.

Vote / ****

Comments (3)

"****** *******" -> ******** ****?

Agree: 1
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Informative
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Funny

******* ***** **** ********* ****** **** misses *** **** = **** *** CFO *** ***..****** **** ** **** the *** ** ******. ***** *** the ***** **** ***** **** *** go ****** *** **** *** *****.

Agree: 2
Disagree
Informative: 1
Unhelpful
Funny: 1

**** *******'* ********, *******, *** ******* suck. ** **** ****'* **** ********* from ******** *********** ********* ****'* ** a ******* **** ** *** ****** already. *** ***** **** **** *** work ********.

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