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Upturn AI SWOT - About
Latch Inc (LTCH)
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Upturn Advisory Summary
07/03/2025: 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.
Number of Analysts
0 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
Analysis of Past Performance
Type Stock | Historic Profit -61.31% | Avg. Invested days 19 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/03/2025 |
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. It went public via SPAC merger in 2021. Latch aimed to revolutionize building access and management through its integrated hardware and software platform.
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 and Structure
Luke Schoenfelder was the CEO. The company's structure involves sales, marketing, engineering, and operations departments.
Top Products and Market Share
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
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
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.
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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