Latch, Inc. (NASDAQ: LTCH) (“Latch” or the “Company”), maker of
LatchOS, the full-building enterprise software-as-a-service (SaaS)
platform, today announced that it ranked #101 on the Deloitte
Technology Fast 500™, a ranking of the 500 fastest-growing
technology, media, telecommunications, life sciences, fintech, and
energy tech companies in North America, now in its 27th year.
“As we relentlessly pursue our mission of making all spaces
better places to live, work, and visit, I am incredibly proud of
our team’s focus on innovation and delivering exceptional
experiences for the property owners, operators, and residents we
serve,” said Luke Schoenfelder, Latch Co-Founder, CEO, and Chairman
of the Board of Directors. “Real estate is the world’s largest
asset class, and the market demand for technology like ours has
never been higher. As we look ahead, I’m excited to bring the power
of LatchOS to even more spaces and people around the world.”
In 2021, Latch completed several significant milestones. The
company went public on the Nasdaq Global Select Market in June and
successfully launched a series of new products earlier in the year.
These include the LatchOS for Commercial Office pilot, Latch
Visitor Express, the Latch Lens Partner Program, and the Latch C2.
Latch also built upon its open ecosystem strategy with new property
management software (ePMS) integrations for Yardi and Entrata, and
new product partnerships with Marks USA, a division of NAPCO
Security Technologies, and TownSteel, Inc., as well as an intended
partnership with dormakaba Holding AG.
About the 2021 Deloitte Technology Fast 500™Now
in its 27th year, the Deloitte Technology Fast 500 provides a
ranking of the fastest-growing technology, media,
telecommunications, life sciences, fintech, and energy tech
companies—both public and private—in North America. Technology Fast
500 award winners are selected based on percentage fiscal year
revenue growth from 2017 to 2020.
In order to be eligible for Technology Fast 500 recognition,
companies must own proprietary intellectual property or technology
that is sold to customers in products that contribute to a majority
of the company’s operating revenues. Companies must have base-year
operating revenues of at least US$50,000 and current-year operating
revenues of at least US$5 million. Additionally, companies must be
in business for a minimum of four years and be headquartered within
North America.
Overall, 2021 Technology Fast 500™ companies achieved revenue
growth ranging from 212% to 87,037% from 2017 to 2020, with median
growth of 521%.
About Latch, Inc.Latch makes spaces better
places to live, work, and visit through a system of software,
devices, and services. More than one in ten new apartments in the
U.S. are currently being built with Latch products, serving
customers in more than 43 states through its flagship full-building
operating system, LatchOS. For more information, please visit
https://www.latch.com.
About DeloitteDeloitte refers to one or more of
Deloitte Touche Tohmatsu Limited, a UK private company limited by
guarantee (“DTTL”), its network of member firms, and their related
entities. DTTL and each of its member firms are legally separate
and independent entities. DTTL (also referred to as “Deloitte
Global”) does not provide services to clients. In the United
States, Deloitte refers to one or more of the US member firms of
DTTL, their related entities that operate using the “Deloitte” name
in the United States and their respective affiliates. Certain
services may not be available to attest clients under the rules and
regulations of public accounting. Please see
www.deloitte.com/about to learn more about our global network
of member firms.
FORWARD-LOOKING STATEMENTS
This release contains certain forward-looking statements within
the meaning of the federal securities laws, including statements
regarding adoption of Latch’s technology and products. These
forward-looking statements generally are identified by the words
"believe," "project," "expect," "anticipate," "estimate," "intend,"
"strategy," "future," "opportunity," "plan," "may," "should,"
"would," "will continue," "will likely result," and similar
expressions. Forward-looking statements are predictions,
projections, and other statements about future events that are
based on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Forward-looking information
includes, but is not limited to, statements regarding: the
Company’s future products, performance, and operations, and the
related benefits to shareholders, customers, and residents and the
Company’s strategy. Many factors could cause actual future events
to differ materially from the forward-looking statements in this
document, including Latch’s ability to implement business plans and
changes and developments in the industry in which Latch competes.
The foregoing list of factors is not exhaustive. You should
carefully consider the foregoing factors and the other risks and
uncertainties described in the "Risk Factors" section of our
Registration Statement on Form S-1 filed with the SEC on June 25,
2021 and other documents filed by Latch from time to time with the
SEC. These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and the Company assumes no obligation to update or
revise these forward-looking statements, whether as a result of new
information, future events, or otherwise, except as required by
law, including the securities laws of the United States and the
rules and regulations of the SEC. The Company does not give any
assurance that it will achieve its expectations.
CONTACTS
Investorsinvestors@latch.com
Mediapress@latch.com
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