Latch's stock price declined ~17% the day after it announced its Q2 2021 earning and lowered full-year revenue guidance.
However, the company remains bullish as it increased bookings guidance.
In this report, IPVM examines:
- Lowered full year revenue guidance
- Supply shortages behind revenue shortfall
- Q2 2021 revenue
- Bookings rise
- Hardware v. software gross margins
- Comments on customer churn
- Market reaction