SmartRent, Inc. (NYSE:SMRT) Q1 2024 Earnings Call Transcript

Lucas Haldeman: Yeah, Erik, let me give you a little color on it. Not really a mismatch in my mind, it’s just that when we talk about units being delayed and units being pushed out, that’s that bucket that those fall into. So we’ve always got a tranche of units that are signed that are going to be deployed, but are not currently scheduled for deployment are scheduled in the period farther out like we have some of the 100,000, we know is going to be Q2 and Q3 of next year deep. And so it’s just a matter of all of those units will be deployed. We just don’t know the exact time on both.

Erik Woodring: Got it.

Daryl Stemm: Yes, as Lucas, mentioned earlier, some macro impact and in some cases, not only is it a delay in the customer booking the order to begin with, but in some cases and this is what he was just referring to. The booking has already occurred, but the actual deployment is being deferred.

Operator: Thanks you, for your question. And gentlemen, I’ll turn it back over to you for any closing comments.

Lucas Haldeman: Thanks, Aaron. Thanks, everyone, for joining our Q1 call and look forward to speaking with you all very soon. Have a great day.

Operator: Thank you. Have a great day, everybody. Take care.