<span item_type="fundamental" item_id="440fe67b5e6e7855b630761ea7600a4f" counter_id="ST/US/LTCH" env="prod"></span><span item_type="announcement" item_id="579552577514313217" env="prod"></span><p>Revenue: As of FY2024, the actual value is USD 56.63 M.</p><p></p><h3>Financial Metrics Summary</h3><h4>Adjusted EBITDA</h4><ul><li>The company reported a non-GAAP financial measure of Adjusted EBITDA, which excludes several items such as depreciation and amortization, net interest income or expense, provision for income taxes, changes in fair value of warrant liability, restructuring costs, transaction-related costs, net impairment of intangible assets, non-ordinary course legal fees, stock-based compensation expense, and gain or loss on extinguishment of debt. This measure is reconciled to net loss, the most directly comparable GAAP measure, in the company’s filings.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1826000/000182600025000079/lat-20251105.htm"></span></li></ul><h3>Financial and Operational Metrics</h3><h4>Segment Revenue</h4><ul><li><strong>Software Revenue</strong>: $20.3 million, representing a 14% year-over-year increase.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1826000/000182600025000079/ltchfy24resultsprfinal.htm"></span></li><li><strong>Total Revenue</strong>: $56.6 million, a 26% year-over-year increase.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1826000/000182600025000079/ltchfy24resultsprfinal.htm"></span></li></ul><h4>Operational Metrics</h4><ul><li><strong>Net Loss</strong>: - $57.6 million, a 46% year-over-year improvement.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1826000/000182600025000079/ltchfy24resultsprfinal.htm"></span></li><li><strong>Adjusted EBITDA</strong>: - $40.7 million, a 41% year-over-year improvement.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1826000/000182600025000079/ltchfy24resultsprfinal.htm"></span></li></ul><h4>Cash Flow</h4><ul><li><strong>Liquid Assets</strong>: As of September 30, 2025, estimated at $44.1 million, a decrease of approximately $31.3 million from December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1826000/000182600025000079/ltchfy24resultsprfinal.htm"></span></li><li><strong>Cash Outflows</strong>: Significant reduction in cash outflows during the quarters ended June 30, 2025, and September 30, 2025, with total cash outflows from operating and non-recurring activities expected to be lower in 2025 compared to 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1826000/000182600025000079/ltchfy24resultsprfinal.htm"></span></li></ul><h4>Unique Metrics</h4><ul><li><strong>Net Inventory</strong>: Approximately $29.2 million as of September 30, 2025, reflecting a reduction for estimated excess and obsolete inventory reserves of approximately $11.6 million.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1826000/000182600025000079/ltchfy24resultsprfinal.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company provided preliminary 2025 information in its press release, although specific financial figures or detailed guidance were not disclosed in the reference provided.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1826000/000182600025000079/lat-20251105.htm"></span></li><li>DOOR estimates that for the nine months ended September 30, 2025, total preliminary, unaudited revenues increased by at least 20% compared to the same period in 2024, indicating consistent growth and positioning the company for a strong finish to 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1826000/000182600025000079/ltchfy24resultsprfinal.htm"></span></li></ul>

Latch | 8-K: FY2024 Revenue: USD 56.63 M