Latch Inc. reports 26% revenue growth and reduced operating expenses in 2024

Reuters11-06

Latch Inc. reports 26% revenue growth and reduced operating expenses in 2024

Latch, Inc., which is in the process of rebranding to DOOR, has announced the filing of its 2024 Annual Report and related SEC filings. For the year ended December 31, 2024, the company reported software revenue of $20.3 million, representing a year-over-year increase of $2.5 million or 14%. Total revenue reached $56.6 million, an increase of $11.7 million or 26% compared to the previous year. The company also reduced operating expenses by $38.2 million, a 31% year-over-year improvement. Net loss for 2024 was $(57.6) million, an improvement of $49.9 million or 46% from the previous year. Adjusted EBITDA (non-GAAP) was $(40.7) million, a $27.7 million or 41% year-over-year improvement. The company is continuing its transition to the DOOR brand and working towards becoming current with its SEC reporting obligations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Latch Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CG16982) on November 05, 2025, and is solely responsible for the information contained therein.

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For the year ended December 31, 2024, the company reported software revenue of $20.3 million, representing a year-over-year increase of $2.5 million or 14%. Total revenue reached $56.6 million, an increase of $11.7 million or 26% compared to the previous year. The company also reduced operating expenses by $38.2 million, a 31% year-over-year improvement. Net loss for 2024 was $(57.6) million, an improvement of $49.9 million or 46% from the previous year. Adjusted EBITDA (non-GAAP) was $(40.7) million, a $27.7 million or 41% year-over-year improvement. The company is continuing its transition to the DOOR brand and working towards becoming current with its SEC reporting obligations.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Latch Inc. published the original content used to generate this news brief via PR Newswire (Ref. 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While PUBT strives to provide accurate and timely information, this AI-generated content is","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LTCH":"Latch, Inc.","BK4023":"应用软件"},"translate_title":"Latch Inc.报告2024年收入增长26%，运营费用减少","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LTCH":0.9},"content_text":"Latch Inc. reports 26% revenue growth and reduced operating expenses in 2024\n    \n\nLatch, Inc., which is in the process of rebranding to DOOR, has announced the filing of its 2024 Annual Report and related SEC filings. For the year ended December 31, 2024, the company reported software revenue of $20.3 million, representing a year-over-year increase of $2.5 million or 14%. Total revenue reached $56.6 million, an increase of $11.7 million or 26% compared to the previous year. The company also reduced operating expenses by $38.2 million, a 31% year-over-year improvement. 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