#United States #St. Louis #Q2 2025 #Latch #DOOR

DOOR (Formerly Latch) Announces Q2 2025 Financial Update

On January 22, 2026, DOOR, previously known as Latch, Inc., filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission (SEC) covering the months ending June 30, 2025. This report marks a significant step in the company's rebranding journey as it transitions from Latch to DOOR. Currently, DOOR's shares are traded on the OTC Markets under the symbol "LTCH," with plans for a name and symbol change forthcoming.

This report comes shortly after DOOR filed its first quarter 2025 results, demonstrating a consistent momentum towards meeting SEC reporting requirements. The company has been diligently working to finalize its remaining SEC filings for 2025, with expectations to release its third-quarter report in early 2026.

Q2 2025 Financial Highlights

DOOR has reported notable improvements in its Q2 financial results, showcasing both revenue growth and a decrease in operating costs. The key metrics include:

• - Software Revenue: $5.2 million, reflecting a 4% increase from the previous year.
• - Total Revenue: $19.1 million, which is a substantial 47% year-over-year increase.
• - Operating Expenses: Reduced to $15.8 million, down by 34% compared to the same quarter last year.
• - Net Loss: $7.8 million, indicating a significant improvement with a 54% reduction from $16.9 million recorded a year ago.
• - Adjusted EBITDA: A loss of $5.7 million, improved by 24% compared to the same quarter last year.

David Lillis, Chief Executive Officer of DOOR, expressed optimism about the company's trajectory and financial health, stating, "Filing our second quarter 2025 report shortly after our first quarter reflects continued progress in our efforts to become current with our SEC reporting obligations. The results from Q2 illustrate a robust year-over-year improvement across the business, emphasizing our commitment to operational efficiency and disciplined growth strategies."

Key Business Metrics Explained

The company has elaborated on its key performance indicators, which help in assessing its operational efficiency and market trends. These metrics not only help in formulating future business plans but also in making strategic decisions vital for the company’s growth.

For investors and analysts, understanding the context of these metrics is crucial, especially since fluctuations in these numbers may not directly correlate with revenue trends. The presentation of non-GAAP measures, such as Adjusted EBITDA, provides a clearer view of the company's core operational performance by excluding certain non-operational costs.

Future Outlook and Commitment

Moving forward, DOOR is eager to continue this upward trajectory. The management is focused on completing all remaining SEC filings for 2025, marking an important milestone for regaining current reporting status, which had lapsed since mid-2022. The company remains committed to transparency and accountability as it navigates the complexities of financial reporting while pursuing its business objectives.

CEO Lillis further added, "As we approach the release of our third quarter 2025 results, we are optimistic about fulfilling our obligations to the SEC and re-establishing our position in the market." With the company's headquarters in St. Louis, DOOR is reinventing building operations, combining advanced hardware with intuitive software to redefine property management and enhance operational efficiency across various communities.

For more details on DOOR's recent developments and financial performance, interested parties can visit DOOR.com. This progressive outlook signals not only recovery but also represents a significant step towards sustainable growth in the dynamic real estate technology sector.