DOOR (formerly Latch) files 2024 SEC reports, reveals financial updates. Software revenue $20.3M, net loss $(57.6M) in 2024. An estimated $44.1M cash position by Sept 30, 2025. CEO commends team's performance.

DOOR, previously known as Latch, Inc., has filed its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q for 2024 with the SEC. The company is transitioning to its new brand, and its shares trade under LTCH on OTC Markets. In 2024, DOOR reported software revenue of $20.3 million, total revenue of $56.6 million, and reduced operating expenses by $38.2 million. The net loss decreased by 46%, and Adjusted EBITDA improved by 41% year-over-year. DOOR's CEO highlighted the company's growth and operational discipline. Preliminary unaudited data for 2025 shows a 20% revenue increase over the same period in 2024. As of September 30, 2025, DOOR estimates its cash and cash equivalents to be about $44.1 million with $29.2 million in net inventory.