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Layoffs, Earnings Announcements

Latch Announces Further Changes To Improve Operating Efficiency

Published: 08/02/2022 21:20 GMT
Latch Inc (LTCH) - Latch Announces Further Changes to Improve Operating Efficiency.
Latch Inc - August Workforce Reduction Impacts Approximately 115 People, Or Approximately 37% of Latch's Current Full-time Employees.
Latch Inc - Workforce Reduction is Expected to Result in Approximately $2.5 Million to $3.5 Million of Total Cash Restructuring and Related Charges.
Latch-guidance Provided in Its Q1 Earnings Release Do Not Reflect Changes Announced Today Or Workforce Reduction,reorganization Announced in May 2022.
Revenue is expected to be $17.09 Million
Adjusted EPS is expected to be -$0.31

Next Quarter Revenue Guidance is expected to be $23.01 Million
Next Quarter EPS Guidance is expected to be -$0.34

More details on our Analysts Page.