SmartRent shares fall on lower Q1 revenue outlook

SmartRent

24/03/2022 21:06

** Smart-home automation company's shares  SMRT.N  fall more
than 13% to $5.60 after market
    ** Company forecasts Q1 revenue between $35 mln and $37 mln,
vs est $47.2 mln - Refinitiv Eikon  urn:newsml:reuters.com:*:nBw9BRnDqa
    ** SMRT buys SightPlan, a software firm for real estate
planners, for $135 mln
    ** SmartRent says SightPlan deal will add $10 mln in revenue
in 2022
    ** SMRT shares ended lower in the last three trading
sessions; YTD loss ~35%

 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))