Latch Struggles To Add Spaces

By John Honovich, Published May 20, 2022, 08:35am EDT (Research)

***** **** ********* **** $*** *******, *** ****** ******* *** ***** is *** *** ****** ****, ************ how ** ** ********** ** *** what ** ***** "******", *********** *** units ***** *****.

IPVM Image

***** *** ******* ** ******* / add ***** ***** ****** **** ******* for *** **** ** **** **** than **** *** ** *** **** quarter, ******* * ******* **** ****.

** **** ****, ** ******* *** this ** * ******** ******* ***************'* ****** ******** *****.

**********

***** ******* ** ******** *** ****** of "******", *********** *****, **** ***** has *** ******** ******** **, **** the ******* ********** **** ** **:

*** ******** ** *** ***** **** active ******** ********* ** ********* **** generate *** ***** ***** ********* **********, other ******** ***** ** ********** ****** in * ********

*** ********** ** ****** ** ******** is *** ****** ** ***** **** active ******** *********

***** ********* ******* ** ****** ******* to *** * *** ** ***** vendor ***** ***** *** ******.

***** *** ***** ******* *** ***** varies ********, ** *******, ***** ********* is ********** ~$* *** ***** *** month (** ~$** *** ****). ********** ***** *** ******** ** * loss, ** ** *** *** ********* from ****** **** ********* *** *******'* core ****** *********.

** *** *** ** ** ****, Latch *** ~***,*** ****** ********, ***** at ~$** *** ***** *** **** in ***, **** ******* ** *** company's ***** $* ******* ** ***** ARR. ** *** $** ******* ** revenue, ** **** ******* **** *** unit, ******** ****** ~***,*** *** *****.

Install ****

*******, ** *** **** ******* (** 2022), **** **,*** ****** **** *****, and, *****, ***** ****** ******** ************ the ******* **** *** ******* ** decline *** *** **** ** **** year ** ***** **,*** *** *******. The ******* ***** ***** *** ********* for *** **** **** *** *****'* projections *** *** **** ** *** year:

IPVM Image

**** *** ****** ** ******* ***** on *** ********'* ****:

** **** ********, *** ***** **** you ****** ** **** ***** ***,*** total ******, * *****, ** *** midpoint ** **** ********, ***** ** about **% ****-****-**** ********, *** **** you ***** *** ** **** ***** 126,000 *****. ** * ******* **** points ******* ***** ******* **,*** ******** units ** *** *******. ** *’* thinking ***** **** *********, *** **** you -- **** ***** *****, * guess, ** ********** **,*** ******** ***** to ** **** *** ****** ** the ** *** *** ********* ** the ****, ** * ***** **,*** new ****** * *******. ** ****’* actually * ****** *** ******* ** line ** **** ******** ***** **** deployments ** **. ** ********* ** that’s ************ ******** ***** *******, ** you’re ********* **** **** ** ******** in ******** *****.

***** ********* **** ******* ***** ** construction ******:

** *** ******** **** **’** ****** for *** **** ** *** **** on ****** ** ** ***** *** the ***** ********* *** ** **** want ** ** ******** ***** *** the ****** ** ************ ****** **** be. ** **** ** *** ******** that ** **** **** ********* **** and ** ****’* *** ********. **** reflects *** **** *****.

***** ************ ****** *** * **** issue, **** ******* **** ****** ** Latch's *** *****.

**** ****, ***** **** *** ~$*.* million ** *** **** *******, *.*., ~$60 *** ***** * ~**,*** ******).

Sales *** ********* ********

***** ***** ******* ** *** ~$* million ** *** **** ****, ***** is ** **** ** ***** ** times **** ****** (~$** *******) ** sales *** *********, ***** ** ** 2022's ******** ** $**.* *******.

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********* ***** *** ********* ******** ** the **** *********** ******* **** ****** struggling ** *** ******. ** ***** was ******** * ******** ** ***** and ********* **** **** ** **** in ***, *** ******** ***** ** quite *******.

********

***** ***** *** ********* ******* ** new ************ (*.*., ****** ***** ******* in ** ********* *** *****), ***** is ********** *** ******* ** ************ existing *********, **** *** ******* ******:

**** ******* **** **** *** ******** market ** ****** * ******** ****** on *** ****-**** *******, ** ******** projects *** **** ******* ** ************ delays.

[***]

** **** **** ** ********* *** new ******** ******** ************ ******** ** the ***** ** *** **** **** 30 ******* ******** ********** ** *** US. **** **** **** ** **** and ****** ** *** ****** **** a **** ***** *** ** ******** and ****** *** ****** ********* **** time.

*** **** *** *** **** ***** does ** *** ******** ****** ******* to ** ****, ****** ***** ** Latch's *** ******* ************ *** *** rest ** *** ****, ********* **** not ** * ***** ****** ****** this ****.

Compared ** *********

*****'* **** ****** ********** ********* *** deployed *** **** ***** *** ** a *** ****** ****, ** ***** below:

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**** ***** **** ** ** *** simply * ********** ** *** ****** but ** ***** ******.

*******

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

*******, *** *** ******* / ****** rate *** ** ******** ************* (**, 4x, ***.) **** ** ***** *** layoffs ******* ** **** ****** *********. The ******** ** *** **** *** Latch ******** ****?

Comments (0)

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