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LTCH
Upturn stock ratingUpturn stock rating

Latch Inc (LTCH)

Upturn stock ratingUpturn stock rating
$0.16
Last Close (24-hour delay)
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PASS
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Advisory Summary

06/30/2025: LTCH (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $5.5

1 Year Target Price $5.5

Analysts Price Target For last 52 week
$5.5Target price
Low$
Current$0.16
high$

Analysis of Past Performance

Type Stock
Historic Profit -61.31%
Avg. Invested days 19
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 22.53M USD
Price to earnings Ratio -
1Y Target Price 5.5
Price to earnings Ratio -
1Y Target Price 5.5
Volume (30-day avg) -
Beta 1.12
52 Weeks Range 0.02 - 0.84
Updated Date 06/29/2025
52 Weeks Range 0.02 - 0.84
Updated Date 06/29/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.42

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -239.19%
Operating Margin (TTM) -106.47%

Management Effectiveness

Return on Assets (TTM) -20.43%
Return on Equity (TTM) -52.47%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 22534210
Price to Sales(TTM) 0.5
Enterprise Value 22534210
Price to Sales(TTM) 0.5
Enterprise Value to Revenue 2.18
Enterprise Value to EBITDA -0.69
Shares Outstanding 160959008
Shares Floating 135535825
Shares Outstanding 160959008
Shares Floating 135535825
Percent Insiders 15.68
Percent Institutions 7.3

Analyst Ratings

Rating -
Target Price 5.5
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Latch Inc

stock logo

Company Overview

overview logo History and Background

Latch Inc. was founded in 2014. It went public via SPAC merger in 2021. Latch aimed to revolutionize building access and management through its integrated hardware and software platform.

business area logo Core Business Areas

  • LatchOS: Latch's core operating system, providing access control, smart home features, and property management tools for multifamily buildings.
  • Latch Hardware: A suite of smart locks and access devices designed for residential and commercial buildings.

leadership logo Leadership and Structure

Luke Schoenfelder was the CEO. The company's structure involves sales, marketing, engineering, and operations departments.

Top Products and Market Share

overview logo Key Offerings

  • Latch M Series: A smart access system for apartments and commercial spaces. Market share data is limited and not readily available. Competitors include Allegion (ALLE), Assa Abloy (ASAZY), and Schlage (a brand of Allegion).
  • Latch Intercom: A video intercom system integrated with the LatchOS. Market share data is limited and not readily available. Competitors include ButterflyMX and Comelit.

Market Dynamics

industry overview logo Industry Overview

The market for smart access control systems is growing, driven by demand for enhanced security, convenience, and property management efficiency.

Positioning

Latch aimed to be a leading provider of integrated smart access solutions for multifamily buildings. Its competitive advantage was a vertically integrated hardware and software platform.

Total Addressable Market (TAM)

The TAM for smart access control is estimated to be in the billions of dollars. Latch was positioned to capture a significant share through its integrated platform.

Upturn SWOT Analysis

Strengths

  • Integrated hardware and software platform
  • User-friendly interface
  • Strong brand recognition in early years
  • Partnerships with major property developers

Weaknesses

  • High cost of products
  • Dependence on key partnerships
  • Supply chain vulnerabilities
  • Profitability concerns

Opportunities

  • Expansion into new markets
  • Development of new products and services
  • Strategic acquisitions
  • Integration with other smart home devices

Threats

  • Increased competition
  • Economic downturn
  • Changes in consumer preferences
  • Cybersecurity risks

Competitors and Market Share

competitor logo Key Competitors

  • Allegion (ALLE)
  • Assa Abloy (ASAZY)
  • Comelit Group S.p.A.

Competitive Landscape

Latch's competitive advantage was its integrated platform, but its high cost and operational challenges hindered its ability to compete effectively against larger, more established players.

Major Acquisitions

Gantri

  • Year: 2022
  • Acquisition Price (USD millions): 0.1
  • Strategic Rationale: Enhanced Latch's hardware design capabilities and expanded its product offerings.

Growth Trajectory and Initiatives

Historical Growth: Latch experienced rapid initial growth, but this growth slowed significantly due to operational challenges and financial difficulties.

Future Projections: Future projections are uncertain given the company's bankruptcy proceedings. It is difficult to predict future growth without restructuring and a new business plan.

Recent Initiatives: Recent initiatives focused on cost-cutting measures and restructuring efforts to avoid bankruptcy. Latch filed for bankruptcy in June 2024.

Summary

Latch's initial promise was overshadowed by significant financial and operational challenges. The integrated platform and brand recognition were strengths, but high costs, profitability concerns, and ultimately filing for bankruptcy have weakened the company significantly. Future success hinges on restructuring and addressing its underlying issues, or a potential acquisition of its technologies. Latch needs to stabilize the business and focus on strategic partnerships or acquisitions to maintain a competitive position.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings
  • Market Research Reports
  • Financial News Outlets

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market share data is approximate and may vary based on different sources.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Latch Inc

Exchange NASDAQ
Headquaters Olivette, MO, United States
IPO Launch date 2020-12-31
CEO -
Sector Technology
Industry Software - Application
Full time employees 75
Full time employees 75

Latch, Inc., together with its subsidiaries, operates as a technology company in the United States and Canada. The company offers the Latch Platform, a cloud-based software-as-a-service platform to address the access requirements of modern multifamily buildings. Its software products include Mission Control, a web-based application that allows property managers to enable move-ins, control access sharing, resolve issues remotely, manage rental unit turnover, monitor and control IoT devices, and ensure their residents are secure; Latch Manager App, a mobile application version of Mission Control; Latch App, which is used by residents to unlock doors, give access to guests or service providers, control and manage smart home devices, and interact and communicate with property managers or consumer services; and Concierge Pro, a remote receptionist for deliveries; and Open Kit, which supports third-party software workflows around resident move-in and move-out. The company also offers hardware devices that include M, C, and R series, which are door or wall mounted access control products that interface with industry-standard lock hardware; Latch Intercom and Latch Link, which allows audio and video calls for remote unlocking; Latch Camera, a dome camera; and Latch Field Station, an all-in-one connectivity solution that enables smart access, smart home, and sensor devices. It serves real estate developers, builders, building owners and property managers in the multifamily market. Latch, Inc. is headquartered in Olivette, Missouri.