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Upturn AI SWOT - About
Latch Inc (LTCHW)
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Upturn Advisory Summary
07/18/2024: LTCHW (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
Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $0
1 Year Target Price $0
| 0 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -44% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/18/2024 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.78B USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 1.12 | 52 Weeks Range 0.00 - 0.05 | Updated Date 06/26/2025 |
52 Weeks Range 0.00 - 0.05 | Updated Date 06/26/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
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 - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 135535825 |
Shares Outstanding - | Shares Floating 135535825 | ||
Percent Insiders - | Percent Institutions - |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Latch Inc
Company Overview
History and Background
Latch was founded in 2014 by Brian Jones, Luke Schoenfelder, and Thomas Meyerhoffer. They aimed to revolutionize building access and management. Originally named 'Petronics,' they rebranded to Latch and focused on smart access solutions for multifamily buildings.
Core Business Areas
- LatchOS: LatchOS is Latch's core software platform. It provides a full-building operating system with features like smart access, guest management, delivery management, smart home integrations, and resident apps.
- Latch Devices: Latch designs and manufactures smart access devices, including smart locks, intercoms, and readers. These devices are designed to integrate seamlessly with the LatchOS software platform.
- Latch Services: Latch offers professional services to support the installation, deployment, and management of its solutions, including customer support and implementation services.
Leadership and Structure
Latch's leadership team is headed by CEO Jamie Siminoff. The company has a functional organizational structure with departments for engineering, sales, marketing, operations, and finance.
Top Products and Market Share
Key Offerings
- Latch C: Latch C is a smart access device for residential and commercial properties. It integrates with LatchOS. Market share data is difficult to ascertain precisely due to the fragmentation of the access control market. Competitors include Allegion (ALLE), Assa Abloy, and dormakaba.
- Latch M: Latch M is another smart access device. Same as Latch C, market share data is difficult to ascertain precisely due to the fragmentation of the access control market. Competitors include Allegion (ALLE), Assa Abloy, and dormakaba.
- LatchOS: LatchOS is the software operating system. Competitors include Entrata, RealPage, and Yardi. Revenue generated by the OS is tied to Latch Device usage.
Market Dynamics
Industry Overview
The smart access control market is growing rapidly, driven by increasing adoption of IoT technology, demand for enhanced security, and the rising popularity of smart homes and buildings. The market is competitive and includes both established players and startups.
Positioning
Latch aims to be a leader in the smart access control market for multifamily buildings by offering a comprehensive and integrated solution. Its competitive advantage lies in its LatchOS software platform and its ability to provide a seamless user experience.
Total Addressable Market (TAM)
Estimates suggest a TAM of several billion dollars globally. Latch is positioned to capture a significant share of this market as adoption increases. The addressable market includes new construction and retrofit installations.
Upturn SWOT Analysis
Strengths
- Integrated Hardware and Software
- Strong Brand Recognition
- User-Friendly Interface
- Partnerships with Real Estate Developers
Weaknesses
- High Cost of Installation
- Reliance on Internet Connectivity
- Historical Negative Margins
- Hardware supply chain vulnerabilities
Opportunities
- Expansion into New Markets (Commercial)
- Partnerships with Smart Home Device Manufacturers
- Development of New Features and Functionality
- Offering higher margin services
Threats
- Increased Competition
- Cybersecurity Risks
- Economic Downturns
- Changes in Building Codes and Regulations
Competitors and Market Share
Key Competitors
- Allegion (ALLE)
- Assa Abloy
- RealPage (RP)
- Yardi
- ADT Inc (ADT)
- Honeywell (HON)
Competitive Landscape
Latch's advantages include its integrated hardware and software platform and its focus on the multifamily building market. Disadvantages include its high cost of installation and its historical operating losses. The market is highly competitive, with many players offering similar solutions.
Major Acquisitions
Guesthop
- Year: 2018
- Acquisition Price (USD millions): 0.7
- Strategic Rationale: Acquisition of Guesthop added short-term rental capabilities
Stratis IoT
- Year: 2020
- Acquisition Price (USD millions): 453
- Strategic Rationale: Acquisition of Stratis IoT expanded latch's product offerings and increased its market share.
Growth Trajectory and Initiatives
Historical Growth: Latch experienced rapid revenue growth in its early years, driven by increasing adoption of its smart access solutions. However, that growth has slowed.
Future Projections: Future growth is uncertain. Analyst estimates vary, but the company is aiming to reduce costs and improve operating margins.
Recent Initiatives: Recent initiatives include cost-cutting measures, organizational restructuring, and a proposed acquisition to take the company private.
Summary
Latch, once a promising innovator in smart access for multifamily buildings, has faced challenges with profitability and operational efficiency. While its technology and partnerships are strengths, high costs and increasing competition pose threats. The proposed acquisition and restructuring aim to address these issues and position the company for long-term success. Successful implementation of these strategies is crucial for Latch's future.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Industry Reports
- Analyst Reports
- Press Releases
Disclaimers:
This analysis is based on publicly available information and analyst estimates. It is not financial advice. Market conditions and company performance can change rapidly, impacting the accuracy of these insights. The future growth estimates are projections, not guarantees.
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 440 | Website https://www.latch.com |
Full time employees 440 | Website https://www.latch.com | ||
Latch, Inc. operates as an enterprise technology company in the United States and Canada. The company offers LatchOS, an operating system that extends smart access, delivery and guest management, smart home and sensors, connectivity, and personalization and services. Its software products include Latch Resident Mobile Applications, Latch Manager Web, and the Latch Manager Mobile Applications. The company also offers hardware devices that include M, C, and R series door-mounted access control products; Latch Intercom, which integrates into the Latch core access systems and allows audio and video calls for remote unlocking; Latch Camera, a dome camera; Latch Hub, a connectivity solution that enables smart access, smart home, and sensor devices at various buildings; and Latch Leak Detector, a solution to enable leak prevention, detection, and resolution for building owners and residents. In addition, it provides NFC unlock on Android that allows the user to unlock their door without even opening their phone; Latch Visitor Express, a contactless visitor entry system; and LatchID, an identification system. The company is headquartered in Olivette, Missouri.
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