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LTCH

Latch, Inc.OTCPK:LTCH 株式レポート

時価総額 US$25.5m
株価
US$0.16
私の公正価値
n/a
1Y100.0%
7D-11.1%
1D
ポートフォリオ価値
​
表示

Latch, Inc.

OTCPK:LTCH 株式レポート

時価総額：US$25.5m

Latch（LTCH）株式概要

ラッチ社はその子会社とともに、米国とカナダでテクノロジー企業として活動している。 詳細

LTCH ファンダメンタル分析
スノーフレーク・スコア
評価2/6
将来の成長0/6
過去の実績0/6
財務の健全性4/6
配当金0/6

報酬

過去5年間の収益は年間23.7%増加しました。

リスク分析

キャッシュランウェイが1年未満である

US市場と比較して、過去 3 か月間の株価の変動が非常に大きい

意味のある時価総額がありません ( $25M )


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Latch, Inc. 競合他社

価格と性能

株価の高値、安値、推移の概要Latch
過去の株価
現在の株価US$0.16
52週高値US$0.30
52週安値US$0.02
ベータ1.47
1ヶ月の変化-23.81%
3ヶ月変化-35.97%
1年変化100.00%
3年間の変化-87.97%
5年間の変化-98.58%
IPOからの変化-98.42%

最新ニュース

Recent updates

Seeking Alpha • Oct 05

Latch, Inc. Is Worth More Dead Than Alive

Summary The spectacular decline in high-growth stocks have yielded a number of interesting net-net situations, including Latch, Inc. A conservative estimate of Latch's liquidation value is $1.17 a share, or as much as $1.38 in a best-case liquidation scenario. The stock could be worth much more than liquidation value if management gets lucky with controlling costs as sales are extremely strong. The spectacular decline in growth stocks has presented investors with some interesting net-net opportunities, and Latch, Inc. (LTCH) is certainly one of them. Once labelled by Chamath Palihapitiya as the best SaaS company he's ever seen, the stock now sells for less than cash net of all liabilities after falling a spectacular 91.39% over the past 12 months as of the time of writing. The stock represents an interesting opportunity for net-net investors. Made famous by Benjamin Graham in his 1932 Fortune Magazine article, a net-net situation arises when a company's stock sells below liquidation value. Latch along with a handful of other growth companies find themselves in that situation today. A Look at Latch's Q1 Balance Sheet Latch has a high-quality balance sheet (Latch, Inc. 10-Q) The two most important figures here are the cash and cash equivalents plus available for sale securities on one side, and the total liabilities on the other. You can see that the company is worth $262 million based on the cash it has net of all liabilities. With 142 million shares outstanding at the end of the quarter, that would equate to a liquidation value of approximately $1.85, more than double the current price. The Wrinkle in Latch's Balance Sheet Almost half of total liabilities are comprised of deferred revenue. That would have been good news if the company is profitable. In Latch's case, however, it means the company will spend even more to realize that revenue. Obviously, some of what it will spend will be deducted from inventories and prepaid expenses and wouldn't affect the liquidation value. However, for the sake of conservatism, let's assume the company will expense these costs out of the cash it has on hand. Looking at the income statement of Q2, the company lost $50.6 million on $13.7 million in revenue. Of that, $36.4 million were cash expenses. Applying the same margin to deferred revenue of $35.7 million, the increase in total liabilities would be $94.9 million. This lowers the liquidation value to $167.1 million, or $1.17 a share. As I've mentioned there is upside to that number based on how much of the expenses come out from other assets like inventory and prepaid expenses, in addition to any potential improvement from management's cost-cutting initiatives. There is also an upside from collecting receivables. The company has accounts receivable of $29 million, with an additional $2.8 million in doubtful accounts. The quarterly showed that the company recovered $350k during the quarter, so there is potential to recover more in future quarters. But focusing solely on the $29 million in account receivables, the sum would represent a significant boost to the liquidation value if the company can collect them. In this best-case scenario, the liquidation value could jump to $196.1 million or $1.38 a share. This represents an upside of 50% There is an Empty Half of the Glass for Latch's Story The company has already failed to file its second quarter 10-Q which is an ominous sign. This means that the figures discussed in this article might have changed dramatically. Also, the management team has been selling stock according to SEC Filings. I haven't been able to find an open-market purchase by any member of the management team, which hardly inspires confidence. But The Glass is Also Half Full Despite its troubles, Latch is still growing revenue almost triple digits. Its gross margins on the software side are a whopping 89%. The company simply faces the problem many other smaller companies face as a result of disrupted supply chains and inflation. These issues have meant it couldn't improve its gross margin profitability on the hardware side. While I personally wouldn't understand why a management would continue to sell a product it loses on when liquidity is looking like an issue, the fact the product is growing this strongly should count for something. The company cut more than 30% of the workforce. Also, supply chain and inflation-related issues will not last forever. If these issues are resolved in time, there is potential for multi-bagger returns and not just the 25-50% return mentioned in this article This is also a net-net situation after all so no investor should have an assumption that holding the stock will be a breeze. At the end of the day, Latch is a relatively small company with $50 million. Almost every company, regardless of how invincible it may be today, has faced a similar challenge to what Latch is facing today. So just because it seems like the company faces an uphill battle today, doesn't mean it is doomed to fail. Having said that, it is my opinion that no investor should concentrate into net-net stocks. They work best as a portfolio due to the high bankruptcy risk. In my personal experience, most net-nets I've seen work was because they were either liquidated or because they got lucky with their turnaround efforts. However, the absolute majority of net-nets I have come across burned through their cash and the stock ended up languishing lower than when it first became a net-net. That is why it is better to buy net-nets as a portfolio. It's the few winners that will more than make up for the losers. Ben Graham described investing in net-nets better than I ever will: I consider it a foolproof method of systematic investment--once again, not on the basis of individual results but in terms of the expectable group outcome.
Seeking Alpha • Sep 13

Latch to provide NYC apartment residents with WeWork membership subscriptions

Latch (NASDAQ:LTCH), which makes an operating system for buildings called LatchOS, on Tuesday said it had entered into a partnership with workspace provider WeWork (NYSE:WE). Under the collaboration, certain residents in New York City that live in Latch-enabled buildings will be provided with WeWork's monthly membership subscription called WeWork All Access, LTCH said in a statement. The program will be available at select apartment buildings in New York City, with plans to expand throughout the metro area and, eventually, nationwide. Latch (LTCH), through its operating system, connects building services and residents and allows apartment dwellers to perform actions such as unlock their spaces, access building amenities, control smart home devices and schedule deliveries. Shares of LTCH initially jumped more than 20% in premarket hours, but pared all the gains and slipped into the red amid a broader market slump after trading started. LTCH stock was last down 1.2% at $1.23 in mid-day trading, while class A shares of WeWork (WE) were -8% at $3.97.
Seeking Alpha • Aug 15

Latch receives non-compliance notification from Nasdaq for delay in filing quarterly report

Latch (NASDAQ:LTCH) received a letter from the Listing Qualifications Department of The Nasdaq that it did not comply with the listing rule related to filing of quarterly report on Form 10-Q  for the quarter ended June 30, 2022 by the required due date. On Aug.10, the company had notified the SEC of its inability to file the report. The company has been granted time until Oct.10, 2022 to submit a plan for regaining compliance; if plan is approved it will be granted extension of up to 180 calendar days from the due date to regain compliance. The notification has no impact on the listing of shares or warrants.
Seeking Alpha • Jul 03

Making Buildings More Secure Is Leaving Latch Poorer

Latch is growing quickly, but at a significant cost. The company's cash burn is quickly consuming existing cash and equivalents. With Latch servicing just one percent of the market for access control and building software, growth should continue to be strong. Proptech firm Latch (LTCH) helps buildings become more secure. The company does this through a smart access system named LatchOS, a combination of hardware and software that manages who gains access to a building. With revenue for the New York-based company rapidly ramping, its bulls argue that Latch is opening up clear market leadership on the back of a strong technology stack. With LatchOS being used in more than 1 in 10 newly built U.S. apartments, this argument likely rings true. The company counts many large real estate development firms as partners, including AvalonBay (AVB), Brookfield (BAM), and Toll Brothers (TOL). The market for access control and building software is growing, with a number of public firms like SmartRent (SMRT) and private startups such as Dwelo and BeHome247 all competing for market share. Latch's management has placed this market at $54 billion in the United States, with an estimated 47 million rental homes. With LatchOS currently serving less than one per cent of this figure, the company's management has guided for significant revenue growth ahead. An ambition to fully capitalize on this market drove the company to go public in June 2021 with a merger with a Tishman Speyer blank check company. The transaction was completed at a $1.56 billion valuation, and Latch raised gross proceeds of $453 million from a long investor list that included Social Capital's Chamath Palihapitiya. Data by YCharts Latch's common share prices have since collapsed by 92% as growth stocks fell alongside a market pullback of historic proportions. Inflation running at multi-decade highs has forced the FED to become extremely hawkish in their roadmap for raising interest rates, bringing an end to an era of cheap liquidity. However, with Latch recording revenue of just $13.7 million for its last reported earnings period, its go-public valuation of $1.56 billion was always a stretch. Bears point to the extreme euphoria and excess of the SPAC market boom of early 2021, when Latch initially announced it would go public, as a critical factor in embedding overly optimistic revenue multiples to technology-related upstarts. The good times were never meant to last, hence Latch's public adventure presented an inherent exit for its private investors and a terrible deal for its early public backers. Cash Burn Rising As Revenue Ramps The company last released earnings for its fiscal 2022 first quarter, which saw total revenue come in at $13.7 million, a 106% increase from the year-ago period but a miss by $350,000 on consensus estimates. Software accounted for 22% of total revenue and grew by 88% year-over-year, as annual recurring revenue grew by 137% to reach $7.9 million. Latch Inc The company sees hardware sales as a loss-leader for higher-margin software sales. Indeed, sales of its physical locks were completed at a -21% gross margin during the quarter, compared to a gross margin of 89% for its software sales. However, and perhaps most alarming, net loss for the period grew to reach $44.2 million, up from $38.1 million in the year-ago quarter. This came as operating expenses grew by 61.5% from its year-ago figure. Negative free cash flow during the quarter was at $44.5 million, up from a cash burn of $14.6 million in the comparable year-ago period. This meant cash and equivalents continued its decline, reaching $264 million at the end of the quarter. With no real debt on its balance sheet, Latch's enterprise value stands at -$100 million, materially lower than its current market cap of $163.73 million. A negative enterprise value is rare and highlights just how much sentiment towards the company's stock has collapsed.
Seeking Alpha • Apr 13

A Hard Look At Latch Inc.

Today, we put Latch Inc. in the spotlight for the first time. The company is seeing impressive revenue growth, but recently lowered forward guidance and is seeing considerable cash burn. A full investment analysis follows in the paragraphs below.
分析記事 • Mar 01

Time To Worry? Analysts Are Downgrading Their Latch, Inc. (NASDAQ:LTCH) Outlook

Today is shaping up negative for Latch, Inc. ( NASDAQ:LTCH ) shareholders, with the analysts delivering a substantial...
分析記事 • Feb 27

Latch, Inc. (NASDAQ:LTCH) Analysts Are Cutting Their Estimates: Here's What You Need To Know

There's been a major selloff in Latch, Inc. ( NASDAQ:LTCH ) shares in the week since it released its yearly report...
Seeking Alpha • Jan 20

Latch: An Intelligent Speculation In Real Estate Tech

Latch designs smart building hardware and software for apartments and office buildings. The hardware is a loss leader for the recurring high margin software revenue. Latch has experienced triple-digit revenue growth and has a large amount of bookings, giving the company some visibility on future revenue. The company is led by its four founders and has a variety of experiences and skillsets on the management team. The warrants, which expire in June 2026, seem to be mispriced and could provide huge returns if the company continues on the same trajectory.
Seeking Alpha • Oct 20

Latch: Use This Key Piece Of Data Before You Buy

Latch is a young company with a great recurring revenue business model. The company's revenue and earnings figures are negatively impacted by construction delays and supply shortages. Long-term investors should analyze specific survey data before purchasing shares.

株主還元

LTCHUS SoftwareUS 市場
7D-11.1%8.6%1.6%
1Y100.0%-1.1%28.2%

業界別リターン: LTCH過去 1 年間で-1.1 % の収益を上げたUS Software業界を上回りました。

リターン対市場: LTCH過去 1 年間で28.2 % の収益を上げたUS市場を上回りました。

価格変動

Is LTCH's price volatile compared to industry and market?
LTCH volatility
LTCH Average Weekly Movement16.9%
Software Industry Average Movement9.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

安定した株価: LTCHの株価は、 US市場と比較して過去 3 か月間で変動しています。

時間の経過による変動: LTCHの 週次ボラティリティ は過去 1 年間で33%から17%に減少しましたが、依然としてUS株の 75% よりも高くなっています。

会社概要

設立従業員CEO（最高経営責任者ウェブサイト
n/a120Dave Lillisn/a

は、その子会社とともに、米国とカナダでテクノロジー企業として事業を展開している。同社は、クラウドベースのsoftware-as-a-serviceプラットフォームであるLatch Platformを提供し、最新の集合住宅のアクセス要件に対応している。同社のソフトウェア製品には、不動産管理者が入居を可能にし、アクセス共有を制御し、問題を遠隔で解決し、賃貸ユニットの回転を管理し、IoTデバイスを監視および制御し、居住者の安全を確保することを可能にするウェブベースのアプリケーションであるMission Control、Mission Controlのモバイルアプリケーション版であるLatch Manager Appが含まれる；入居者がドアの解錠、ゲストやサービスプロバイダーへのアクセス許可、スマートホームデバイスの制御・管理、不動産管理者や消費者サービスとの対話・通信に使用する「Latch App」、配達の遠隔受付「Concierge Pro」、入居者の入居・退去に関するサードパーティ製ソフトウェアのワークフローをサポートする「Open Kit」などがある。同社はまた、業界標準のロックハードウェアとインターフェースするドアまたは壁取り付けアクセス制御製品であるM、C、Rシリーズ、遠隔解錠のための音声およびビデオ通話を可能にするLatch IntercomおよびLatch Link、ドームカメラであるLatch Camera、スマートアクセス、スマートホーム、センサーデバイスを可能にするオールインワンの接続ソリューションであるLatch Field Stationなどのハードウェアデバイスも提供している。同社は不動産開発業者、建設業者、ビル所有者、集合住宅市場の不動産管理者にサービスを提供している。本社はミズーリ州オリベット。

Latch, Inc. 基礎のまとめ

Latch の収益と売上を時価総額と比較するとどうか。
LTCH 基礎統計学
時価総額US$25.46m
収益（TTM）-US$48.43m
売上高(TTM)US$70.05m
0.4x
P/Sレシオ
-0.5x
PER（株価収益率

LTCH は割高か？

公正価値と評価分析を参照

収益と収入

最新の決算報告書（TTM）に基づく主な収益性統計
LTCH 損益計算書（TTM）
収益US$70.05m
売上原価US$42.46m
売上総利益US$27.59m
その他の費用US$76.03m
収益-US$48.43m

直近の収益報告

Mar 31, 2026

次回決算日

該当なし

一株当たり利益（EPS）-0.29
グロス・マージン39.39%
純利益率-69.15%
有利子負債／自己資本比率8.3%

LTCH の長期的なパフォーマンスは？

過去の実績と比較を見る

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/06/01 19:20
終値2026/06/01 00:00
収益2026/03/31
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Latch, Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。11

アナリスト機関
Joseph VruwinkBaird
Mark SchappelBenchmark Company
Justin AgesBerenberg