SmartRent reports Q3 EPS (5c), consensus (2c)

Reports Q3 revenue $40.51M, consensus $45.94M. “In the third quarter, SmartRent (SMRT) demonstrated remarkable resilience and strategic focus amid a series of market headwinds and operational transitions,” stated John Dorman, chairman of the board. “During the quarter, we confirmed and strengthened our firm belief that the key issues affecting SmartRent performance are execution issues, while the core business model, the growth potential of our market, our market leadership position and the differentiated value proposition for our customers all remain very compelling,”