How did SmartRent's revenue and expenses trend in Q4 2024?

SmartRent's revenue and expenses in Q4 2024 showed a significant decline in net income, with a reported loss of $11.42 million. The company's total revenue for the quarter was $82.84 million, with segment-specific revenues as follows: Hardware ($35.37 million), Hosted Services ($35.37 million), and Professional Services ($18.62 million and $18.8 million).

The operating expenses for SmartRent in Q4 2024 were not provided, but the company's total revenue minus the reported net loss indicates that the expenses were substantial. This trend suggests that SmartRent faced considerable challenges in managing its costs and generating profitability during the quarter.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|SMRT|SMRT.N|SmartRent|20240101-2024|Hosted Services|7.3238E7|169|
|SMRT|SMRT.N|SmartRent|20240101-2024|Hosted Services|5.4475E7|169|
|SMRT|SMRT.N|SmartRent|20240101-2024|Hosted Services|3.598E7|169|
|SMRT|SMRT.N|SmartRent|20240101-2024|Hosted Services|1.7954E7|169|
|SMRT|SMRT.N|SmartRent|20240101-2024|Hardware|2.9077E7|169|
|SMRT|SMRT.N|SmartRent|20240101-2024|Professional Services|3458000|169|
|SMRT|SMRT.N|SmartRent|20240101-2024|Hosted Services|1.7954E7|169|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|SMRT|SMRT.N|SmartRent|2024 Q1|41.793416572077184|-7692000|169|
|SMRT|SMRT.N|SmartRent|2024 Q2|55.50294714465166|-4605000|169|
|SMRT|SMRT.N|SmartRent|2024 Q3|-28.486339505373557|-9923000|169|
|SMRT|SMRT.N|SmartRent|2024 Q4|-246.15151515151516|-1.1423E7|169|

|code|Ticker|Name|Date|Gross PP&E YoY|Gross PP&E|market_code|
|---|---|---|---|---|---|---|
|SMRT|SMRT.N|SmartRent|20240331|5.899705014749262|3949000|169|
|SMRT|SMRT.N|SmartRent|20240630|10.90617481956696|4149000|169|
|SMRT|SMRT.N|SmartRent|20240930|16.60945339318722|4416000|169|
|SMRT|SMRT.N|SmartRent|20241231|45.91227614845575|5622000|169|