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Upturn AI SWOT - About
Latch Inc (LTCH)
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Upturn Advisory Summary
08/28/2025: LTCH (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -66.46% | Avg. Invested days 17 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/28/2025 |
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 |
Upturn AI SWOT
Latch Inc
Company Overview
History and Background
Latch Inc. was founded in 2014 with the goal of modernizing building access and management. It went public in 2021 via a SPAC merger with TS Innovation Acquisitions Corp. Latch initially focused on residential buildings, expanding to commercial spaces later. They've faced financial challenges and restructuring efforts.
Core Business Areas
- LatchOS: LatchOS is a full-building operating system that provides smart access, guest management, delivery and package management, smart home and sensor capabilities, connectivity, and resident experience management. It acts as the central hub for managing building operations.
- Latch Devices: Latch offers a range of smart access devices, including smart locks, intercoms, and readers, designed to integrate with LatchOS. These devices facilitate keyless entry and remote access control.
- Services: Latch offers professional services, including installation, maintenance, and support for its hardware and software. They also provide onboarding and training for property managers and residents.
Leadership and Structure
Jamie Siminoff, formerly the CEO and founder of Ring (acquired by Amazon), became the CEO of Latch in January 2024, replacing Jason Keyes. The company structure is organized around product development, sales, marketing, operations, and finance, reflecting its hardware and software focus.
Top Products and Market Share
Key Offerings
- Latch M Series: Smart lock system designed for apartment buildings, offering keyless entry and remote access management. It includes features such as mobile access, door codes, and audit trails. Precise market share data is unavailable. Competitors include Schlage, Yale, and Salto Systems.
- Latch Intercom: Smart intercom system that enables remote communication and access control for building entrances. Market share information is limited. Competitors include ButterflyMX, Comelit, and Akuvox.
- Latch Hub: The Latch Hub serves as the central connection point for Latch's access control and smart building ecosystem, integrating various devices and functionalities within a property. Provides a secure and reliable communication network, enabling seamless operation of LatchOS and connected hardware. Competitors include Entrata, RealPage, and Yardi.
Market Dynamics
Industry Overview
The smart building technology market is growing, driven by increasing demand for automation, energy efficiency, and enhanced security. Key trends include IoT integration, cloud-based solutions, and mobile access control.
Positioning
Latch aims to be a comprehensive solution for building access and management, offering a unified platform that integrates hardware, software, and services. However, it faces competition from established players and emerging startups.
Total Addressable Market (TAM)
The global smart building market is expected to reach hundreds of billions of dollars. Latch is positioned to capture a share of this market by providing integrated solutions for building owners and managers.
Upturn SWOT Analysis
Strengths
- Integrated hardware and software platform (LatchOS)
- Focus on building access and management
- Strong brand recognition within the multifamily market
- Experienced leadership team
Weaknesses
- Financial instability and past restructuring
- Negative Gross Margins
- High customer concentration
- Dependence on new construction and renovation projects
- Past Quality Control issues with hardware
Opportunities
- Expansion into new markets (commercial buildings, international)
- Partnerships with property management companies
- Development of new features and integrations
- Leveraging IoT and AI technologies
Threats
- Intense competition from established players
- Economic downturn affecting construction and real estate
- Security vulnerabilities in smart building systems
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- ADT (ADT)
- ALRM (ALRM)
- DOOR (None)
Competitive Landscape
Latch differentiates itself through its integrated platform, LatchOS. However, competitors such as ADT and ALRM have broader product portfolios and established customer bases. There is no US stock for DOOR but it is a competitor in the smart access market.
Growth Trajectory and Initiatives
Historical Growth: Latch experienced rapid growth initially, driven by demand for smart building solutions. However, growth has slowed recently due to supply chain issues and financial constraints.
Future Projections: Analyst projections for Latch's future growth vary, with some expecting a recovery in revenue growth. The company's ability to execute its strategic initiatives will be crucial.
Recent Initiatives: Recent initiatives include a shift to professional installation and expanding partnerships with property management companies. Focusing on software-based recurring revenue is crucial.
Summary
Latch faces significant challenges, with persistent financial instability and negative gross margins. The company's integrated platform is a strength, but it struggles against larger, established competitors. The shift to professional installation and software revenue could improve its outlook, but its long-term success is uncertain. Close monitoring of cash flow and financial stability is essential.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings, industry reports, analyst estimates, press releases
Disclaimers:
This analysis is based on available public information and is not financial advice. Market conditions and company performance can change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.latch.com |
Full time employees 75 | Website https://www.latch.com | ||
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.
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