---
title: "Latch - CW26 | 10-Q: FY2024 Q2 Revenue: USD 12.94 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/264490821.md"
datetime: "2025-11-05T19:57:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264490821.md)
  - [en](https://longbridge.com/en/news/264490821.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264490821.md)
generator: "portal-rs"
---

# Latch - CW26 | 10-Q: FY2024 Q2 Revenue: USD 12.94 M

Revenue: As of FY2024 Q2, the actual value is USD 12.94 M.

EPS: As of FY2024 Q2, the actual value is USD -0.11.

EBIT: As of FY2024 Q2, the actual value is USD -18.32 M.

### Segment Revenue

-   **Hardware Revenue**: $5.583 million for the three months ended June 30, 2024, compared to $4.263 million for the same period in 2023, representing a 31.0% increase.
-   **Software Revenue**: $5.022 million for the three months ended June 30, 2024, compared to $4.413 million for the same period in 2023, representing a 13.8% increase.
-   **Professional Services Revenue**: $2.333 million for the three months ended June 30, 2024, compared to $1.502 million for the same period in 2023, representing a 55.3% increase.

### Operational Metrics

-   **Net Loss**: $16.937 million for the three months ended June 30, 2024, compared to $30.876 million for the same period in 2023, representing a 45.1% decrease.
-   **Total Cost of Revenue**: $7.006 million for the three months ended June 30, 2024, compared to $6.278 million for the same period in 2023, representing an 11.6% increase.
-   **Operating Expenses**: $23.732 million for the three months ended June 30, 2024, compared to $35.251 million for the same period in 2023, representing a 32.7% decrease.

### Cash Flow

-   **Net Cash Used in Operating Activities**: - $44.483 million for the six months ended June 30, 2024, compared to - $45.285 million for the same period in 2023.
-   **Net Cash Provided by Investing Activities**: $59.238 million for the six months ended June 30, 2024, compared to $55.328 million for the same period in 2023.
-   **Net Cash Used in Financing Activities**: - $22.000 million for the six months ended June 30, 2024, compared to $0 for the same period in 2023.

### Future Outlook and Strategy

-   **Core Business Focus**: The company is expanding its platform to include broader smart home solutions, managing devices such as sensors, thermostats, and lighting, with the aim of creating more connected and efficient buildings.
-   **Non-Core Business**: The acquisition of HelloTech is expected to serve as the foundation for DOOR Services, bringing full-service amenities to multifamily buildings by enabling residents to efficiently share and book service providers.

### Related Stocks

- [LTCHW.US](https://longbridge.com/en/quote/LTCHW.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**