Latch (LTCH) Net Margin % : -323.92% (As of Mar. 2022)

View and export this data going back to 2021. Start your Free Trial

What is Latch Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Latch's Net Income for the three months ended in Mar. 2022 was $-44.23 Mil. Latch's Revenue for the three months ended in Mar. 2022 was $13.66 Mil. Therefore, Latch's net margin for the quarter that ended in Mar. 2022 was -323.92%.

The historical rank and industry rank for Latch's Net Margin % or its related term are showing as below:

LTCH's Net Margin % is not ranked ^*
in the Software industry.
Industry Median: 2.71
* Ranked among companies with meaningful Net Margin % only.

Latch Net Margin % Historical Data

The historical data trend for Latch's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Latch Net Margin % Chart

Latch Annual Data

Trend

Dec19

Dec20

Dec21

Net Margin %

-337.38

-365.40

-402.13

Latch Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Net Margin %	Get a 7-Day Free Trial			-574.76	-444.64	-305.79	-371.22	-323.92

Competitive Comparison of Latch's Net Margin %

For the Software - Application subindustry, Latch's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Latch's Net Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Latch's Net Margin % distribution charts can be found below:

* The bar in red indicates where Latch's Net Margin % falls into.

Save Embed

;

Save Embed

;

Latch Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Latch's Net Margin for the fiscal year that ended in Dec. 2021 is calculated as

Net Margin	=	Net Income (A: Dec. 2021 )	/	Revenue (A: Dec. 2021 )
	=	-166.319	/	41.36
	=	-402.13 %

Latch's Net Margin for the quarter that ended in Mar. 2022 is calculated as

Net Margin	=	Net Income (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	-44.231	/	13.655
	=	-323.92 %

Latch (OTCPK:LTCH) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Latch Net Margin % Related Terms

Thank you for viewing the detailed overview of Latch's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Latch Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Latch Inc (OTCPK:LTCH) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1220 N. Price Road, Suite 2, Olivette, MO, USA, 63132

Website

https://www.latch.com

Latch Inc is a technology company predominantly serving the multifamily rental home market segment of the smart building industry by deploying hardware and software technology to digitize manual processes, including building and unit access and in-unit device control. It has designed and developed a cloud-based software-as-a-service (SaaS) platform, the Latch Platform to address the access requirements of modern multifamily buildings. The company offers various products such as Latch Cameras, Latch Locks, Latch interconnects, Smart sensors, and accessories which the user can connect with the Latch platform to manage building and unit access. Its customers include real estate developers, builders, building owners, and property managers in the United States and Canada.

Executives

Keyes John J Iv	officer: Interim CEO	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Marc E Landy	officer: Interim CFO	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Junji Nakamura	officer: Chief Accounting Officer	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Barry Schaeffer	officer: Interim CFO & Treasurer	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Josh Wolfe	10 percent owner	C/O LUX HEALTH TECH ACQUISITION CORP., 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Garth Mitchell	officer: CFO & Treasurer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Raju Rishi	director	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Ali Hussain	officer: Chief Operating Officer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Michael Brian Jones	officer: Chief Technology Officer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
J. Allen Smith	director	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Andrew Sugrue	director	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Luke Schoenfelder	director, officer: Chief Executive Officer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Reynolds James Madison Iv	10 percent owner	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Avenir Latch Investors, Llc	10 percent owner	C/O AVENIR MANAGEMENT COMPANY, LLC, 135 FIFTH AVENUE, 7TH FLOOR, NEW YORK NY 10010
Avenir Management Company, Llc	10 percent owner	817 BROADWAY, 12TH FLOOR, NEW YORK NY 10003