Brief: Latch Inc - Expects To Recognize A Net Reduction Of Stock-Based Compensation Expense

Latch

10/07/2023 21:22

July 10 (Reuters) - Latch Inc  LTCH.O :
    * LATCH INC -  EXPECTS TO RECOGNIZE A NET REDUCTION OF
STOCK-BASED
COMPENSATION EXPENSE OF ABOUT $7.5 MILLION TO $8.0 MILLION IN Q3
& Q4 OF 2023
    * LATCH INC - MAY INCUR ADDITIONAL EXPENSES NOT CURRENTLY
CONTEMPLATED DUE TO EVENTS ASSOCIATED WITH THE REDUCTION IN
FORCE
    * LATCH INC -  ESTIMATES WILL INCUR ABOUT $5.3 MILLION TO
$5.8
MILLION OF CASH RESTRUCTURING, RELATED CHARGES, PRIMARILY
RELATED TO SEVERANCE AND BENEFIT COSTS

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