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Latch Inc (LTCH)
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Upturn Advisory Summary
12/10/2025: LTCH (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 -68.86% | Avg. Invested days 16 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/10/2025 |
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 by Luke Schoenfelder, Benjamin Dyett, and Thomas Melbourne. It went public in 2021 through a SPAC merger with TS Innovation Acquisitions Corp. The company aimed to create a smart home ecosystem for apartment buildings, integrating hardware and software solutions for access control, delivery management, and building services.
Core Business Areas
- LatchOS: Latch's core operating system for smart buildings, unifying various smart home functionalities.
- Hardware Products: Smart locks, doorbells, and other integrated hardware devices designed for apartment entry and management.
- Software Services: Building management software, resident experience applications, and data analytics for property managers and residents.
Leadership and Structure
Latch Inc. is led by its co-founder and CEO, Luke Schoenfelder. The company is structured around its software platform (LatchOS) and its hardware and service offerings, with dedicated teams for product development, sales, and customer support.
Top Products and Market Share
Key Offerings
- Latch Door Latch: Smart lock for apartment doors offering keyless entry, remote access, and integration with the LatchOS ecosystem. Competitors include August, Schlage, and Wyze. Specific market share data for this single product is not readily available, but Latch aims to capture a significant share of the multi-family smart access market.
- Latch Intercom: Smart intercom system allowing residents to grant access remotely and receive deliveries. Competitors include Ring, Google Nest, and ButterflyMX. Again, specific market share for this component is not publicly detailed.
- LatchOS Platform: The overarching software platform that integrates all Latch hardware and services, providing a comprehensive building management solution. This is Latch's primary differentiator, aiming to capture a significant portion of the smart building management software market. Competitors include BuildingLink, RealPage, and Yardi.
Market Dynamics
Industry Overview
The smart building and proptech (property technology) industry is experiencing rapid growth, driven by increasing demand for convenience, security, and operational efficiency in residential and commercial properties. The multi-family residential sector, in particular, is a key focus for smart access and building management solutions.
Positioning
Latch positions itself as a comprehensive smart building operating system provider, aiming to be the central hub for all resident and building management needs. Its competitive advantage lies in its integrated hardware and software approach, designed specifically for the complexities of multi-family residential buildings.
Total Addressable Market (TAM)
The TAM for smart building technology, particularly in the multi-family residential segment, is substantial and growing, estimated to be tens of billions of dollars globally. Latch is positioned to capture a significant portion of this market by offering a unified and scalable solution.
Upturn SWOT Analysis
Strengths
- Integrated hardware and software ecosystem.
- Focus on the multi-family residential market, a large and underserved segment.
- Subscription-based revenue model for recurring income.
- Potential for network effects as more buildings adopt the platform.
Weaknesses
- Recent financial performance challenges and cash burn.
- Dependence on third-party hardware manufacturing.
- Competition from established players and emerging proptech companies.
- Need for significant upfront investment to gain market traction.
Opportunities
- Expansion into commercial real estate and other building types.
- Partnerships with property developers and management companies.
- Integration of additional smart home and building services.
- Growing demand for contactless entry and delivery solutions.
Threats
- Intensifying competition and price wars.
- Slower-than-expected adoption rates by property owners.
- Cybersecurity risks and data privacy concerns.
- Economic downturns impacting real estate development and investment.
Competitors and Market Share
Key Competitors
- ADT Inc. (ADT)
- Resideo Technologies Inc. (REZI)
- Vivint Smart Home Inc. (VVNT)
Competitive Landscape
Latch's advantage lies in its specific focus on the multi-family residential market with an integrated OS. However, it faces intense competition from established security and smart home companies like ADT and Vivint, which have broader brand recognition and existing customer bases. Resideo offers a wide range of smart home products, and Latch needs to continuously innovate to differentiate itself.
Growth Trajectory and Initiatives
Historical Growth: Latch has demonstrated growth in terms of deployed units and revenue over its relatively short history as a public company. This growth is driven by its efforts to penetrate the multi-family residential market and expand its product and service offerings.
Future Projections: Analyst projections for Latch's future growth typically focus on continued revenue expansion, driven by new building deployments and increasing adoption of its subscription services. However, achieving profitability remains a key variable in these projections.
Recent Initiatives: Latch has been focused on expanding its sales force, forging strategic partnerships with property developers, and enhancing its LatchOS platform to include more features and integrations. Recent efforts have also involved streamlining operations and managing cash burn.
Summary
Latch Inc. operates in a growing smart building market with a differentiated, integrated OS approach for multi-family residences. While revenue is growing, the company faces significant financial challenges, including net losses and cash burn, demanding careful management and a clear path to profitability. Continued innovation, strategic partnerships, and efficient cost control are crucial for Latch to overcome its weaknesses and capitalize on market opportunities while mitigating competitive threats.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company financial reports (10-K, 10-Q)
- Financial news and analysis websites
- Industry market research reports
Disclaimers:
This analysis is based on publicly available information and should not be considered investment advice. Financial data is subject to change and may require up-to-date retrieval from official filings for the most current figures. Market share estimates are indicative and can vary between 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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