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DOOR reported 26% revenue growth in 2024, narrowed losses, and projected 20%+ 2025 growth.
DOOR, formerly Latch, Inc., has filed its 2024 annual and 2024 first three quarters’ financial reports with the SEC, showing a 26% year-over-year revenue increase to $56.6 million, a 14% rise in software revenue, and a 31% drop in operating expenses.
The company’s net loss narrowed by 46% to $57.6 million, while adjusted EBITDA improved by 41%.
Preliminary 2025 results indicate at least 20% revenue growth through September.
The company continues rebranding to DOOR, working toward completing its 2025 filings and maintaining its cloud-based smart access platform for multifamily rental buildings in the U.S. and Canada.
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DOOR informó un crecimiento de ingresos del 26% en 2024, redujo las pérdidas y proyectó un crecimiento del 20% + en 2025.