Why This Smart-Home Company Is Seeing Sales Double Year Over Year

The smart-home industry is just starting to emerge. For investors, it already looks like one of the best potential applications for the Internet of Things.

There are a number of different hardware providers on the market like Amazon's smart doorbell Ring and Alphabet's smart thermostat Google Nest. In the smart-home software category, there's Latch and SmartRent (NYSE: SMRT), two stocks that recently went public through special purpose acquisition companies (SPACs).

SmartRent just delivered its first earnings report as a public company. Before we dig into the numbers, let's take a step back and get a closer look at SmartRent.

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Source Fool.com