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Income Statement (USD)
| Q4 '22 | QoQ | |
|---|---|---|
| Revenue | 11M | 56% |
| Gross Profit | -2.3M | 3235.1% |
| Cost of Revenue | 13M | 91.8% |
| Operating expense | 27M | 22.5% |
| Net Income | -29M | 16.5% |
Balance Sheet (USD)
| Q4 '22 | QoQ | |
|---|---|---|
| Total Assets | 317M | 7.1% |
| Total Liabilities | 76M | 2.2% |
| Total Equity | 241M | 8.5% |
| Shares Outstanding | 145M | 0% |
Cash Flow (USD)
| Q4 '22 | QoQ | |
|---|---|---|
| Cash from operations | -22M | 28% |
| Cash from investing | 19M | 69.2% |
EPS
Financial Highlights for Latch in Q4 '22
Latch reported a revenue of 11M, which is a 56% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -2.3M, marking a -3235.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 13M, a 91.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 27M, showing a -22.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -29M, showing a 16.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
Latch faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
