OverviewSuggest Edit

Latch (also known as Latchable) is a company that manufactures keyless entry systems for apartments, offices, and homes. Its keyless entry systems allow users to grant and monitor access to locations equipped with access systems. The company offers its products for architects and design professionals, building owners and developers, lock and access distributors, and residents.
TypePublic
Founded2014
HQNew York, NY, US
Websitelatch.com

Latest Updates

Employees (est.) (May 2021)286(+6%)
Revenue (FY, 2019)$15 M(+275%)
Share Price (Jul 2021)$11.6(+4%)
Cybersecurity ratingBMore

Key People/Management at Latch

Luke Schoenfelder

Luke Schoenfelder

CEO and Co-Founder
Thomas Meyerhoffer

Thomas Meyerhoffer

CDO and Co-Founder
Brian Jones

Brian Jones

CTO and Co-Founder
Ali Hussain

Ali Hussain

COO
Euan Abraham

Euan Abraham

SVP of Product Design Engineering
Orla Lucey

Orla Lucey

SVP of Supply Chain and Manufacturing
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Latch Office Locations

Latch has offices in New York, San Francisco and Taipei
New York, NY, US (HQ)
508 W 26th St #6g
San Francisco, CA, US
San Francisco
Taipei, TW
Taipei
Show all (3)

Latch Financials and Metrics

Latch Revenue

Latch's revenue was reported to be $15 m in FY, 2019 which is a 275% increase from the previous period.
USD

Revenue (FY, 2019)

15.0m

Revenue growth (FY, 2018 - FY, 2019), %

275%

Gross profit (FY, 2019)

(2.0m)

Gross profit margin (FY, 2019), %

(13.3%)

EBITDA (FY, 2019)

(50.0m)

Market capitalization (14-Jul-2021)

1.6b

Closing stock price (14-Jul-2021)

11.6
Latch's current market capitalization is $1.6 b.
USDFY, 2018FY, 2019

Revenue

4.0m15.0m

Revenue growth, %

275%

Cost of goods sold

6.0m17.0m

Gross profit

(2.0m)(2.0m)
USDFY, 2018

Revenue/Employee

35.8k
Show all financial metrics

Latch Operating Metrics

Oct, 2018FY, 2018FY, 2019FY, 2020

Bookings

$29 m$111 m$167 m

Countries

18

Home Units Booked

44.62 k144.69 k303.85 k
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Latch Revenue Breakdown

Embed Graph

Latch revenue breakdown by business segment: 93.3% from Hardware Revenue and 6.7% from Software Revenue

Latch Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

Latch Online and Social Media Presence

Embed Graph

Latch News and Updates

Latch Reports First Quarter 2021 Financial Results

NEW YORK, June 09, 2021 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ: LTCH) (“Latch” or the “Company”), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today reported financial results for the three months ended March 31, 2021.

Latch to Present at Upcoming Investor Conferences

NEW YORK, June 07, 2021 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ: LTCH) (“Latch” or the “Company”), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today announced its scheduled participation at the following upcoming investor conferences:

Latch Completes Business Combination with TS Innovation Acquisitions Corp. to Become Publicly-Traded Company

PropTech leader behind full-building enterprise SaaS platform LatchOS will begin trading on NASDAQ Today

Latch Hires Chris Lee as Chief Revenue Officer

Today, Latch announced that Chris Lee has joined its leadership team as Chief Revenue Officer. Lee will lead Latch’s Key Accounts, Field Sales, and Revenue Operations departments as they scale to serve Latch’s growing business, leveraging his decades of SaaS sales experience.

Latch, Inc. Launches Latch Lens Partner Program

Latch, Inc. (“Latch” or the “Company”), maker of the full-building enterprise software-as-a-service (SaaS) platform LatchOS, today announced the launch of its Latch Lens Partner Program. This industry-first program will allow third-party lock manufacturers to leverage Latch Lens – the universal modu…

The New Latch C2 Connects Even More Buildings to LatchOS

We’re excited to announce the debut of another addition to Latch’s growing ecosystem of industry-leading products to connect more people to the vast capabilities of LatchOS. Made to deliver an enhanced access experience for everyone that interacts with a building, LatchOS powers everything from smar…
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Latch Frequently Asked Questions

  • When was Latch founded?

    Latch was founded in 2014.

  • Who are Latch key executives?

    Latch's key executives are Luke Schoenfelder, Thomas Meyerhoffer and Brian Jones.

  • How many employees does Latch have?

    Latch has 286 employees.

  • What is Latch revenue?

    Latest Latch annual revenue is $15 m.

  • What is Latch revenue per employee?

    Latest Latch revenue per employee is $52.4 k.

  • Who are Latch competitors?

    Competitors of Latch include Openpath, August Home and UniKey Technologies.

  • Where is Latch headquarters?

    Latch headquarters is located at 508 W 26th St #6g, New York.

  • Where are Latch offices?

    Latch has offices in New York, San Francisco and Taipei.

  • How many offices does Latch have?

    Latch has 3 offices.