Latch
Income Statement

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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Latch's past years’ income statements indicate that its last revenue has increased compared to the previous period by 129% to $41,360,000. Profit margin reached -402%. Total operating expenses were $145,890,000.

Profit Margin

Latch, Inc. (NASDAQ:LTCHW): Profit margin
2019 14.88M -50.22M -337.38%
2020 18.06M -65.99M -365.4%
2021 41.36M -166.31M -402.13%

LTCHW Income Statement (2019 – 2021)

2021 2020 2019
Revenue
Revenue
41.36M18.06M14.88M
Cost of revenue
44.03M20.23M17.29M
Gross profit
-2.67M-2.17M-2.41M
Operating exp.
Research and development
45.84M25.31M18.34M
Selling and marketing
34.98M13.12M13.08M
Total operating expenses
145.89M59.61M47.29M
Operating income
-148.56M-61.79M-49.70M
Other income (expenses), net
-17.69M-5.23M-473K
Income before tax
-166.26M-65.98M-50.17M
Income tax expense
53K8K50K
Net income
-166.31M-65.99M-50.22M
Earnings per share
Basic EPS
-1.92-0.47-0.36
Diluted EPS
-1.92-0.47-0.36
Data sourceData source