SmartRent Reports Q3 Revenue Beat and Positive Operating Cash Flow
SmartRent (SMRT) reported third-quarter financial results that exceeded revenue expectations, posting $41.6 million compared to analyst estimates. While GAAP earnings per share landed at a loss of $0.02, the figure was in line with market projections. The company demonstrated year-over-year growth with a 14.9% increase in total revenue. The company's liquidity remains strong, ending the quarter with $89.2 million in cash on hand and generating $2.9 million in positive cash flow from operations. Additionally, SmartRent utilized capital for shareholder returns by repurchasing 2.5 million shares during the period.
Tickers: $SMRT
Topics: cash flow earnings revenue beat stock buyback
Read the full article at Seeking Alpha
Part of the story Vext Science Reports Q3 Revenue Growth of 17.6% and Improved Cash Flow (2 articles)