Revenue: As of FY2024 Q1, the actual value is USD 12.04 M.EPS: As of FY2024 Q1, the actual value is USD -0.09.EBIT: As of FY2024 Q1, the actual value is USD -14.44 M.<h3>Segment Revenue</h3><ul><li>Hardware Revenue: $4.643 million for the three months ended March 31, 2024, compared to $5.345 million for the same period in 2023, a decrease of 13.1%.</li><li>Software Revenue: $5.037 million for the three months ended March 31, 2024, compared to $3.973 million for the same period in 2023, an increase of 26.8%.</li><li>Professional Services Revenue: $2.355 million for the three months ended March 31, 2024, compared to $1.832 million for the same period in 2023, an increase of 28.5%.</li></ul><h3>Operational Metrics</h3><ul><li>Net Loss: - $13.637 million for the three months ended March 31, 2024, compared to - $32.924 million for the same period in 2023, a decrease in loss of 58.6%.</li><li>Total Cost of Revenue: $5.581 million for the three months ended March 31, 2024, compared to $13.641 million for the same period in 2023, a decrease of 59.1%.</li><li>Operating Expenses: $20.445 million for the three months ended March 31, 2024, compared to $30.636 million for the same period in 2023, a decrease of 33.3%.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: - $31.100 million for the three months ended March 31, 2024, compared to - $25.731 million for the same period in 2023.</li><li>Net Cash Provided by Investing Activities: $45.162 million for the three months ended March 31, 2024, compared to $32.597 million for the same period in 2023.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company is focusing on expanding its software revenue through increased subscriptions and enhancing its professional services offerings, including property management services.</li><li>Non-Core Business: The company has launched a property management division, Door Property Management, LLC, to gain hands-on experience and refine its products and services.</li></ul><h3>Unique Metrics</h3><ul><li>Adjusted EBITDA: - $7.395 million for the three months ended March 31, 2024, compared to - $24.444 million for the same period in 2023, an improvement of 69.7%.</li></ul>

Latch - CW26 | 10-Q: FY2024 Q1 Revenue: USD 12.04 M