Latch, Inc. operates as a technology company. The Company specializes in keyless entry security systems to open and manage every door in an apartment building from a smartphone. Latch serves customers in the United States.
Company profile
Ticker
LTCH, LTCHW
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
TS Innovation Acquisitions Corp.
SEC CIK
Corporate docs
Subsidiaries
Latch Systems, Inc. • Latch Taiwan, Inc. • Latch Insurance Solutions, LLC • Latch Systems Ltd ...
IRS number
853087759
LTCH stock data
Latest filings (excl ownership)
8-K
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
23 Jan 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
18 Jan 23
8-K
Latch Announces Executive Leadership Changes
11 Jan 23
8-K
Departure of Directors or Certain Officers
5 Dec 22
8-K
Latch receives expected Nasdaq notification of non-compliance
16 Nov 22
NT 10-Q
Notice of late quarterly filing
10 Nov 22
8-K
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
25 Aug 22
8-K
Latch receives expected Nasdaq notification of non-compliance
12 Aug 22
NT 10-Q
Notice of late quarterly filing
10 Aug 22
8-K
Latch announces further changes to improve operating efficiency
2 Aug 22
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | |
|---|---|---|---|
| Revenue | |||
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| Operating income | |||
| Operating margin | |||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 90.96 mm | 90.96 mm | 90.96 mm | 90.96 mm | 90.96 mm | 90.96 mm |
| Cash burn (monthly) | 11.27 mm | (no burn) | 16.87 mm | 15.50 mm | 14.60 mm | 11.28 mm |
| Cash used (since last report) | 113.27 mm | n/a | 169.50 mm | 155.75 mm | 146.69 mm | 113.30 mm |
| Cash remaining | -22.31 mm | n/a | -78.54 mm | -64.79 mm | -55.73 mm | -22.34 mm |
| Runway (months of cash) | -2.0 | n/a | -4.7 | -4.2 | -3.8 | -2.0 |
Institutional ownership, Q3 2022
52.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 101 |
| Opened positions | 22 |
| Closed positions | 19 |
| Increased positions | 39 |
| Reduced positions | 18 |
| 13F shares | Current |
|---|---|
| Total value | 55.24 mm |
| Total shares | 76.62 mm |
| Total puts | 0.00 |
| Total calls | 43.30 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Avenir Management | 21.44 mm | $20.36 mm |
| Lux Capital Management | 11.31 mm | $0.00 |
| Lux Ventures IV | 9.64 mm | $0.00 |
| BLK Blackrock | 8.04 mm | $7.67 mm |
| Vanguard | 6.80 mm | $6.49 mm |
| BN Brookfield | 4.73 mm | $4.51 mm |
| Geode Capital Management | 1.80 mm | $1.72 mm |
| Financial Architects | 1.50 mm | $1.43 mm |
| QVIDTVM Management | 1.49 mm | $1.43 mm |
| Newtyn Management | 1.00 mm | $954.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 Aug 22 | Barry Schaeffer | Common Stock | Payment of exercise | Dispose F | No | No | 1.1 | 5,243 | 5.77 k | 204,081 |
| 26 Jul 22 | Junji Nakamura | Common Stock | Grant | Acquire A | No | No | 0 | 21,368 | 0.00 | 185,301 |
| 1 Jul 22 | Michael Brian Jones | Common Stock | Payment of exercise | Dispose F | No | No | 1.14 | 6,348 | 7.24 k | 318,901 |
News
12 Information Technology Stocks Moving In Friday's After-Market Session
20 Jan 23
12 Information Technology Stocks Moving In Thursday's After-Market Session
19 Jan 23
12 Information Technology Stocks Moving In Wednesday's After-Market Session
11 Jan 23
12 Information Technology Stocks Moving In Thursday's After-Market Session
29 Dec 22
12 Information Technology Stocks Moving In Friday's Pre-Market Session
23 Dec 22
Press releases
LATCH ALERT: Fishman Haygood, L.L.P. Announces That It Has Filed a Class Action Lawsuit Against Latch, Inc. and Encourages Investors to Contact the Firm
30 Jan 23
LATCH ALERT: Bragar Eagel & Squire, P.C. is Investigating Latch, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
13 Jan 23
Latch, Inc. Shareholder News: Robbins LLP Informs Investors of Latch, Inc. (LTCH) f/k/a TS Innovation Acquisitions Corp. (TSIA) of Newly Filed Class Action Lawsuit
13 Jan 23
Latch Announces Executive Leadership Changes
11 Jan 23
Latch receives expected Nasdaq notification of non-compliance
16 Nov 22