Latch

Latch, Inc. is an enterprise technology company, which provides security systems design and software services. The firm's operating system, LatchOS, involve in streamlining building operations, enhancing the resident experience, and enabling interactions with service providers. Its product offerings are designed to optimize the resident experience, and include smart access, delivery and guest management, smart home and sensors, connectivity, and resident experience. The firm combines hardware, software, and services into a holistic system that helps for residents, building operators, and service providers. The company was founded by Luke Schoenfelder, Michael Brain Jones, Dhruva Rajendra, and Thomas Meyerhoffer in 2014 and is headquartered in New York, NY.

Earnings data Q2 2021

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Latch, Inc. is an enterprise technology company, which provides security systems design and software services. Its product offerings are designed to optimize the resident experience, and include smart access, delivery and guest management, smart home and sensors, connectivity, and resident experience. The firm combines hardware, software, and services into a holistic system that helps residents, building operators, and service providers. The company was founded by Luke Schoenfelder, Michael Brain Jones, Dhruva Rajendra, and Thomas Meyerhoffer in 2014 and is headquartered in New York, NY.

ST. LOUIS & NEW YORK--(BUSINESS WIRE)--Latch, Inc., soon to be DOOR, today announced at ISC East 2024 the new DOOR Bug, a $39 AI-powered event and leak detector.

Latch Announces DOOR Bug, an AI-Powered Intelligent Sensor, at ISC East 2024

ST. LOUIS--(BUSINESS WIRE)--Latch announced Jamie Siminoff, CSO, will step down from his current role and transition to the advisory role of Doorman in 2025.

Latch Announces Jamie Siminoff Will Transition to Advisory Role in 2025

ST. LOUIS--(BUSINESS WIRE)--Latch announces DOOR Link and Solar Sign, adding cost effective ways to upgrade the resident experience in multi-family buildings.

Latch Announces Refreshed DOOR Link and New DOOR Solar Sign

ST. LOUIS--(BUSINESS WIRE)--Latch announces its new R2 Retrofit Kit, engineered to quickly and simply replace outdated door access readers with the modern, mobile-enabled R2.

Latch Announces R2 Retrofit Kit, Unlocking Faster and Cheaper Building Upgrades

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In the first half of 2024, our long book performed strong relative to the Russell 2000, driven by our high-conviction positions. We are pleased with our relative performance and believe the Russell 2000 remains a more appropriate benchmark for comparison. Top gainers include FTAI Aviation and FTAI Infrastructure, while top detractors include Latch and Industrial Short.

Long Assets On Path To Creating Significant Value, Shorting Remains Very Challenging

ST. LOUIS--(BUSINESS WIRE)--Latch announced its new M3 Retrofit Lock, which fits the pre-existing holes of locks from the five most common mortise lock brands.

Latch Adds M3 Retrofit Lock to its Lineup of Smart Locks

BOSTON & ST. LOUIS--(BUSINESS WIRE)--Latch announced the launch of Door Property Management and the acquisition of the property management business of The Broadway Company (TBC).

Latch Launches Door Property Management and Announces the Acquisition of The Broadway Company's Property Management Division

ST. LOUIS--(BUSINESS WIRE)--Latch today unveiled a new marketing campaign, “Don't Die, Get NOI," and launched a suite of affordable IoT products to monitor apartment buildings.

Latch Unveils New Campaign, ‘Don't Die, Get NOI,' Amid Renewed Focus to Generate More Net Operating Income (NOI) for Multi-Family Buildings

ST. LOUIS--(BUSINESS WIRE)--Latch celebrated its first shipment from its new 48,000+ square foot headquarters in St. Louis.

Latch, Soon to Be Door.com, Celebrates First Shipment From New 48,000+ Square Foot Headquarters in St. Louis

ST. LOUIS--(BUSINESS WIRE)--Latch, Inc., soon to be rebranded to Door.com, today announced its newest access control solution designed for storage areas.

Latch, Soon to be Door.com, Announces Access Control for Storage Units, Further Expanding Latch Smart Access Throughout Multi-Unit Buildings

SALT LAKE CITY , Oct. 31, 2023 /PRNewswire/ -- Boart Longyear, the world's leading provider of exploration equipment and performance tooling, is announcing the launch of an upgraded Surface Roller Latch Wireline System. Extending the successful Roller Latch family of wireline tooling, Boart Longyear focused on safety, reliability, and productivity.

Boart Longyear Releases an Upgraded Surface Roller Latch Head Assembly and Overshot

ST. LOUIS--(BUSINESS WIRE)--Latch, Inc., soon to be rebranded to Door.com, today announced it is moving its headquarters from New York City to St. Louis.

Latch, Soon to Be Door.com, Announces New 48,000+ Square Foot Headquarters, Bringing Over 30 Jobs to St. Louis

Latch was a pretty good name for a startup. One could make the argument that it doesn't exactly say what it does on the tin, but no one shops at the Apple Store looking for produce.

Latch is becoming Door.com

NEW YORK--(BUSINESS WIRE)--Latch today announced plans to rebrand to Door.com with an expanded vision of unlocking the potential of the Honest Day's Worker.

Latch to Rebrand to Door.com with Expanded Vision of Unlocking the Potential of the Honest Day's Worker

NEW YORK--(BUSINESS WIRE)--Latch receives expected delisting determination from Nasdaq.

Latch Receives Expected Nasdaq Delisting Determination

NEW YORK--(BUSINESS WIRE)--Latch notifies Nasdaq that it does not anticipate regaining compliance with its periodic filing obligations by the Aug. 4, 2023 deadline.

Latch Notifies Nasdaq That It Does Not Anticipate Meeting Delinquent Filing Deadline

Latch (LTCH) plans to reduce its headcount in the United States and Taiwan to enhance operational discipline and efficiency within the organization.

Latch (LTCH) Slashes Jobs to Cut Costs & Improve Efficiency

NEW YORK--(BUSINESS WIRE)---- $LTCH--Latch, Inc. (NASDAQ: LTCH) today announced its commitment to enhancing operational discipline and efficiency within the organization.

Latch Drives Additional Discipline and Efficiency, Setting the Stage For Accelerated Future Growth

NEW YORK & LOS ANGELES--(BUSINESS WIRE)---- $LTCH--Latch, Inc. (NASDAQ: LTCH) today announced that it has completed the previously announced acquisition of Honest Day's Work.

Latch Completes Acquisition of Honest Day's Work

NEW YORK, June 15, 2023 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ: LTCH) (the “Company”) today announced that on June 15, 2023, the Company received a written notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) that the Company has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”) for continued listing on Nasdaq. In order to regain compliance with the Minimum Bid Price Requirement, the Company's common stock was required to maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive trading days. The Minimum Bid Price Requirement was met on June 14, 2023. Accordingly, in the Notice, Nasdaq stated that the matter is now closed. There can be no assurance, however, that the Company will be able to maintain compliance with the Minimum Bid Price Requirement in the future.

Latch regains compliance with Nasdaq minimum bid price requirement

NEW YORK & ATLANTA--(BUSINESS WIRE)---- $LTCH--Today at NAA Apartmentalize 2023, Latch announced Chris Peckham as its new Head of Sales and introduced a new PMS integration with AppFolio.

Latch Announces New Head of Sales and Expands Integrations for Streamlined Property Management at NAA Apartmentalize 2023

NEW YORK & SOUTH ORANGE, N.J.--(BUSINESS WIRE)--Latch, Inc. today announced the completion of the first installation of Latch-powered Marks USA Locks at Meridia Village Commons.

Latch Announces First Building-Wide Installation of ‘Works with Latch' Marks USA Locks

NEW YORK--(BUSINESS WIRE)--Latch announced a new, simplified pricing structure to enable a variety of building owners to select the best option for partnering with Latch.

Latch Announces New Simplified Subscription Bundles

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NEW YORK, May 19, 2023 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ: LTCH) (the “Company”), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today announced that on May 16, 2023, the Company received a notice (the “Additional Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Nasdaq Hearings Panel (the “Panel”) will consider the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023 (the “First Quarter 2023 Report”) with the Securities and Exchange Commission (the “SEC”), as required by Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”), in rendering a determination regarding the Company's continued listing on Nasdaq.

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