Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Caution evidenceCoverage 4/5 core metricsLatest reported annual revenue changed -12.9% from the prior reported annual observation.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Revenue contracted
Latest reported annual revenue changed -12.9% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Operating margin compressed
Operating margin changed -18.1 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- Free cash flow was negative
Latest reported free cash flow was -$25M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
- 1 filing risk check flagged
Flagged areas: Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Solvency & liquidity
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Smart Apartments$128M83.7%-12.2% yoy
- Smart Operations Solutions$10.7M7.0%-6.3% yoy
- Access Control$7.44M4.9%-5.8% yoy
- Other Smart Communities Solutions$5.42M3.6%-35.4% yoy
- Community Wifi$1.29M0.8%-36.3% yoy
Members sum to the consolidated $152M for this period.
- Reportable Segment Aggregation Before Other Operating Segment-$64M100.0%+53.2% yoy
Members sum to the consolidated -$64M for this period.
- Hosted Services$73.2M48.1%0.0% yoy
- Hardware$58M38.1%-30.0% yoy
- Professional Services$21.1M13.9%+12.4% yoy
Members sum to the consolidated $152M for this period.
- United States$152M99.9%-12.1% yoy
- Outside the United States$161K0.1%-90.4% yoy
Members sum to the consolidated $152M for this period.
- Smart Apartments$32.4M83.3%-7.8% yoy
- Smart Operations Solutions$2.4M6.2%-14.2% yoy
- Access Control$2.38M6.1%+44.4% yoy
- Other Smart Communities Solutions$1.53M3.9%-15.0% yoy
- Community Wifi$190K0.5%no prior
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 817 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $152M | 31stof 3,301 bottom third | 28thof 778 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -12.9% | 10thof 3,135 bottom third | 9thof 743 bottom third |
Operating margin operating income ÷ revenue | -42.0% | 22ndof 2,819 bottom third | 18thof 752 bottom third |
Net margin net income ÷ revenue | -39.8% | 20thof 3,263 bottom third | 18thof 770 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -16.5% | 20thof 2,679 bottom third | 16thof 701 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -26.1% | 26thof 3,577 bottom third | 22ndof 720 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 5.8% | 33rdof 2,895 bottom third | 42ndof 729 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 114 days | 8thof 2,398 bottom third | 11thof 712 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -10.5% | 76thof 3,577 top third | 64thof 722 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -14.1% | 78thof 3,059 top third | 78thof 634 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 24 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Stockholders' equity StockholdersEquity | balance at 2020-12-31 | $18.5K 10-Q 2021-05-17 | -$78.3M 10-K 2024-03-05 | -423507.8% | first · latest · 9 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2021-12-31 | 74,721 shares 10-K 2023-03-08 | 74,721,000 shares 10-K 2024-03-05 | +99900.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-09-30 | 196,486 shares 10-Q 2022-11-10 | 196,486,000 shares 10-Q 2023-11-07 | +99900.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2022-12-31 | 195,575 shares 10-K 2023-03-08 | 195,575,000 shares 10-K 2025-03-05 | +99900.0% | first · latest · 3 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-03-31 | 198,334 shares 10-Q 2023-05-10 | 198,334,000 shares 10-Q 2024-05-08 | +99900.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-06-30 | 199,619 shares 10-Q 2023-08-08 | 199,619,000 shares 10-Q 2024-08-07 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2021-12-31 | 74,721 shares 10-K 2023-03-08 | 74,721,000 shares 10-K 2024-03-05 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-09-30 | 196,486 shares 10-Q 2022-11-10 | 196,486,000 shares 10-Q 2023-11-07 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2022-12-31 | 195,575 shares 10-K 2023-03-08 | 195,575,000 shares 10-K 2025-03-05 | +99900.0% | first · latest · 3 filings carry it |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-03-31 | 198,334 shares 10-Q 2023-05-10 | 198,334,000 shares 10-Q 2024-05-08 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-06-30 | 199,619 shares 10-Q 2023-08-08 | 199,619,000 shares 10-Q 2024-08-07 | +99900.0% | first · latest |
| Total assets Assets | balance at 2020-12-31 | $154K 10-Q 2021-05-17 | $104M 10-K 2022-03-25 | +67338.8% | first · latest · 4 filings carry it |
| Total liabilities Liabilities | balance at 2020-12-31 | $136K 10-Q 2021-05-17 | $70.7M 10-K 2022-03-25 | +52049.3% | first · latest · 4 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2021-06-30 | $655K 10-Q 2021-08-13 | $53.5M 10-Q 2022-08-11 | +8071.2% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2021-03-31 | $1.58M 10-Q 2021-05-17 | $64.9M 10-Q 2022-05-11 | +4001.6% | first · latest |
| Net income NetIncomeLoss | quarter 2021-03-31 | -$253K 10-Q 2021-05-17 | -$9.27M 10-Q 2022-11-10 | -3565.7% | first · latest · 6 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-03-31 | -$266K 10-Q 2021-05-17 | -$9.22M 10-Q 2022-05-11 | -3369.5% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2021-06-30 | $5M 10-Q 2021-08-13 | -$96.4M 10-Q 2022-11-10 | -2027.5% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-03-31 | $5M 10-Q 2021-05-17 | -$87M 10-Q 2022-11-10 | -1839.6% | first · latest · 6 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2021-03-31 | -$1.8M 10-Q 2021-05-17 | -$7.9M 10-Q 2022-05-11 | -339.6% | first · latest |
| Net income NetIncomeLoss | quarter 2021-06-30 | -$3.01M 10-Q 2021-08-13 | -$10.1M 10-Q 2022-11-10 | -233.5% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-06-30 | -$3.02M 10-Q 2021-08-13 | -$10M 10-Q 2022-08-11 | -231.3% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2023-03-31 | -$11.4M 10-Q 2023-05-10 | -$10.3M 10-Q 2024-05-08 | +10.0% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2022-12-31 | -$81M 10-K 2023-03-08 | -$77.8M 10-K 2025-03-05 | +4.0% | first · latest · 3 filings carry it |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for SMRT yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.