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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Latch
Latch (LTCH) investor relations material
Latch has been otc
Latch Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary10 Aug, 2026
Executive summary
Q2 2026 revenue was $15.6M, down 18.1% year-over-year, with software revenue up 17% to $6.1M, while hardware and professional services declined due to softer demand and longer purchasing cycles.
Net loss for Q2 2026 was $6.9M, a 12.1% improvement from Q2 2025, reflecting improved cost management.
The company rebranded as DOOR in August 2025, operates as a single segment focused on smart access and home technology, and announced a restructuring plan in August 2026 with a 32% workforce reduction and exit from property management.
Adjusted EBITDA loss for Q2 2026 was $3.6M, a 38% improvement year-over-year.
Gross margin expanded to 49.0% from 43.0% year-over-year, aided by a favorable revenue mix and improved professional services margins.
Financial highlights
Total revenue for the six months ended June 30, 2026 was $31.3M, down 10% year-over-year.
Software revenue for the six months was $12.3M, up 18% year-over-year.
Net loss for the six months was $12.8M, a 33% improvement from the prior year.
Operating expenses for Q2 2026 were $14.9M, down 5.7% year-over-year.
Cash, restricted cash, and available-for-sale securities totaled $26.1M as of June 30, 2026.
Outlook and guidance
Management expects continued cost discipline and liquidity preservation, with available resources projected to fund operations for at least 12 months.
The restructuring plan is expected to incur $1.5M–$2.5M in charges, mostly in Q3 and Q4 2026, and aims to reduce annualized operating costs by $10–12M.
Focus is shifting to the core Building Intelligence platform and AI-enabled software, with AI integration expected to drive further efficiency and innovation.
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Latest events from Latch
- All proposals passed, with no stockholder questions submitted during the meeting.LTCH
AGM 2026 - Software revenue up 19%, net loss down 47%, and cash usage improved by $18.6M year-over-year.LTCHQ1 2026
- Votes on directors, auditor, and executive pay set for June 2026 annual meeting.LTCHProxy filing
- Proxy covers director elections, auditor ratification, say-on-pay, and strong governance oversight.LTCHProxy filing
- Revenue up 24% and net loss improved 7% year-over-year, driven by cost savings and growth.LTCHQ4 2025
- Q3 2025 revenue up 17% and net loss improved 61%, but control and litigation risks persist.LTCHQ3 2025
- Q2 2025 revenue up 47% to $19.1M; net loss narrowed, but internal control and legal issues persist.LTCHQ2 2025
- Revenue up 31% and net loss narrowed, but legal costs drove a sharp cash decline.LTCHQ1 2025
- Restated 2019–2022 results show a 2022 net loss of $162.3M; compliance efforts ongoing.LTCHQ4 2022
Next Latch earnings date
Q3 202610 Feb, 2027
Latch
Next Latch earnings date
Q3 202610 Feb, 2027
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Frequently asked questions
Latch, Inc. operates as an enterprise technology company in the United States and Canada. It offers LatchOS, an operating system that extends smart access, delivery and guest management, smart home and sensors, connectivity, and personalization and services. The company’s hardware products include Latch M Access Units for electronic access to units or buildings; Latch M Reader to replace standard lock boxes for real estate entrance systems; Latch M Doorbell Camera for recording videos through a camera; and Latch M Power Recessed that provides power to interior doors or light fixtures. Its other products comprise Latch R Access Readers that offer brand-specific visual identity devices, such as onsite touch screens, digital signage, or tablet screens; and Latch R Access Direct that enables access through phone and pin entry. The company also provides software applications include intercom application with two-way audio communication; release box guest access system online booking portal; property operations dashboard for facilities managers’ occupancy status and tenant messaging; visitor management solution with configurable approval workflows and notifications; package tracking allowing tenants to schedule deliveries based on availability; and mobile application featuring digital keys/credentials including wireless Bluetooth access credentials to enter a building.