Latch, Inc. (LTCH) Latch, Inc. operates as an enterprise technology firm, serving clients across the United States and Canada. At the core of its offerings is LatchOS, a sophisticated operating system. This platform enhances building operations by providing smart access capabilities, streamlining delivery and guest management, integrating smart home functionalities with various sensors, ensuring robust connectivity, and enabling personalized services for users. The company's software portfolio includes the Latch Resident Mobile Applications for occupants, alongside the Latch Manager Web and Latch Manager Mobile Applications, designed for property administration. Complementing its software, Latch offers a variety of hardware devices. These encompass their M, C, and R series door-mounted access control units, and the Latch Intercom, which seamlessly integrates with its core access systems to facilitate remote unlocking through audio and video calls. Other hardware includes the Latch Camera, a dome surveillance unit; the Latch Hub, a crucial connectivity solution that links smart access, smart home, and sensor devices throughout properties; and the Latch Leak Detector, engineered to help building owners and residents prevent, detect, and resolve water leaks. Furthermore, Latch provides innovative features such as NFC unlock on Android devices, allowing users to open doors without interacting with their phone. It also offers Latch Visitor Express, a contactless system for guest entry, and LatchID, an identification management solution. Latch, Inc. maintains its corporate headquarters in New York, New York.
Sector: Wholesale-Hardware
Industry: Software - Application
Latch, Inc. OTC:LTCH Technology · Software - Application
All Press Release SEC Filings News
Press Release ⚠ 3
DOOR (OTC: LTCH) Resolves Final Legacy Matter, Completing Four-Year Turnaround of Its Financial Reporting and Legal Obligations
DOOR (OTC: LTCH) announced the SEC approved its previously disclosed settlement, resolving the agency's investigation into legacy KPI and revenue recognition practices for a $1.0 million civil penalty paid in quarterly installments without admitting or denying findings.
The settlement closes the final major legacy matter begun in 2022: since late 2024 the company filed seven years of financial statements, became current with SEC reporting in February 2026, and resolved four shareholder lawsuits.
With legal and reporting overhangs cleared, management says resources shift back toward the core building-intelligence business and profitability.
• 25d ago AI analysis › SEC Filing ⚠ 4
LTCH: 8-K · leadership change
Latch, Inc. (LTCH) disclosed in an 8-K that on August 24, 2026 it adopted a retention bonus program for its three top executives: CEO David Lillis ($250,000), CFO Jeff Mayfield ($225,000), and Chief Strategy and Legal Officer Priyen Patel ($187,500). Awards vest only if each executive stays employed through December 31, 2027, with payment due within roughly 45 days thereafter.
The awards do not accelerate on a change of control or other corporate transaction, but executives terminated without cause or resigning for good reason before the vesting date receive a pro rata portion. Amounts remain subject to clawback if grounds for a for-cause termination later emerge.
The program locks in leadership through the end of 2027 at a modest total cost of $662,500, and the retention letter is issued under the DOOR Systems, Inc. name with the company's principal offices listed at DOOR Systems' Olivette, Missouri address — reinforcing that the operating business is the door systems platform. The 'critical time period' language in the letter suggests management views the coming 17 months as pivotal.
SEC 8-K • 1mo ago AI analysis › Press Release ● Major ⚠ 4
Latch, Inc. (DOOR) Reports Second Quarter 2026 Financial Results
Latch reported Q2 total revenue of $15.6 million, down 18.1% year-over-year due to lower hardware shipments, though software revenue grew 16.8% to $6.1 million.
The company announced a restructuring plan to reduce annualized operating costs by $10-12 million and reached a settlement in principle with the SEC involving a $1.0 million penalty.
Net loss narrowed 12.1% year-over-year to $(6.9) million, and liquidity stood at $26.1 million as management launched new AI-enabled products DOOR Scout and OpenDOOR.
• 2mo ago AI analysis › News
Latch (NASDAQ:LTCH) versus Benchmark Electronics (NYSE:BHE) Financial Comparison
defenseworld.net • 2mo ago Press Release ● Major ⚠ 2
DOOR Announces Strategic Actions to Accelerate Path to Profitability and Advance Its Building Intelligence Strategy
DOOR (formerly Latch, Inc.) announced a restructuring plan to reduce its global workforce by approximately 32% and exit its DOOR Property Management business.
The company expects these actions to generate $10-12 million in annualized cost savings, while incurring $1.5-2.5 million in restructuring charges primarily in the third and fourth quarters of 2026.
CEO Dave Lillis noted that investments in AI have enabled a leaner organization, pointing to the recent launch of Scout as the first product under the new Building Intelligence platform strategy.
• 2mo ago AI analysis › Press Release ⚠ 2
Notice of Settlement of Shareholder Derivative Actions
Latch has agreed to settle the consolidated stockholder derivative litigation alleging breaches of fiduciary duty and improper accounting procedures that required financial restatements.
Terms of the settlement include the implementation of corporate governance reforms for 3.5 years and a payment of $450,000 in attorneys' fees and expenses.
A final hearing to approve the settlement is scheduled for October 6, 2026; shareholders will not receive direct compensation as this is a derivative action.
• 2mo ago AI analysis › SEC Filing ⚠ 1
LTCH: 8-K · other
Latch, Inc. adopted updated forms of restricted stock unit, stock option, and common stock grant agreements under its 2021 Incentive Award Plan. The changes are intended to comply with Section 409A of the Internal Revenue Code regarding short-term deferrals and to expand permitted tax withholding methods, including net share withholding.
The Compensation Committee approved grants of time-based RSUs to three executive officers to address a period where the company was unable to grant equity awards due to a suspended Form S-8 registration statement. As a result, the awards utilize vesting commencement dates prior to the grant date to recognize past service.
Chief Executive Officer Dave Lillis received 968,179 RSUs valued at approximately $193,636, Chief Financial Officer Jeff Mayfield received 130,000 RSUs valued at $26,000, and Chief Product and Technology Officer Ryan Salmons received 500,000 RSUs valued at $100,000. A portion of each award vested immediately upon grant based on the retroactive commencement dates.
SEC 8-K • 4mo ago AI analysis › Press Release
DOOR Introduces Scout, a Single Device Bringing Remote Access and Building Health to Multifamily Units
DOOR (operating as Latch, Inc., ticker LTCH) launched Scout, a hardware device that unifies remote lock control with edge AI for building health monitoring in multifamily units.
The device aims to reduce maintenance costs by detecting safety events like leaks, smoke, or freezing pipes early, citing research that connected tech can drive a 20% efficiency gain and about $80,000 in annual savings per building.
Scout is rolling out immediately to multifamily and student housing operators, extending the DOOR platform's capabilities into in-unit intelligence without requiring separate sensors.
• 4mo ago AI analysis › SEC Filing
LTCH: 8-K · proxy statement
Latch, Inc. held its 2026 annual meeting of stockholders on June 10, 2026, where stockholders considered and voted on three proposals.
All six director nominees, including Peter Campbell, Patricia Han, and Raju Rishi, were elected to serve until the next annual meeting, and stockholders ratified the appointment of BDO USA, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
The advisory vote to approve executive compensation for the year ended December 31, 2025 was also approved by the stockholders.
SEC 8-K • 4mo ago Press Release ⚠ 4
Latch, Inc. (Now DOOR) Reports First Quarter 2026 Financial Results
Latch, Inc. (trading as LTCH, operating as DOOR) reported Q1 2026 total revenue of $15.7 million, essentially flat year-over-year, but with software revenue growing 19% to $6.1 million.
The company narrowed its net loss by 47% to $5.9 million and reduced quarterly cash usage by $18.6 million year-over-year, driven by a 25.6% decline in operating expenses and improved gross margins to 52.3%.
DOOR also refinanced its debt with a new $5 million revolving credit facility from Truist Bank, ending the quarter with $28.5 million in cash and investments. The company noted an ongoing SEC investigation into revenue recognition practices and key performance indicators.
• 5mo ago AI analysis › 
