NYSE:SMRTElectronic
SmartRent (SMRT) Stock Jumps As Margin Gains Recast The Profit Story
SmartRent came into this report trading like a deep value IoT underdog, then the stock ripped 23.8% higher to US$1.30 in Wednesday’s session. The market latched on to one thing: profit quality is finally starting to matter more than the growth story.
Core revenue reached US$38 million in the quarter, while total gross margin moved to 41% and adjusted EBITDA stayed in positive territory for a third straight period. For a company long treated as a revenue story with chronic losses, this...