SmartRent, Inc. (NYSE:SMRT) Q4 2023 Earnings Call Transcript

Daryl Stemm: Yes. So there — you’re correct in your assessment of where it’s going to impact the P&L, it’s going to be hardware revenue. And depending on how it’s installed, it might also involve professional services. I can foresee some instances where the customer may choose to install it themselves perhaps on turn of the resident unit. So viewing it this way, not adding it to the deployed units, total deployed units, we’re able to give you a metric in the total deployed unit that really is representative of if we were a B2C business, the number of subscribers that we have. The total deployed units really represent the number of units that are contributing to our recurring revenue. And I think that’s a really important metric for you.

Operator: And at this time, there are no further questions. I would like to turn the conference over to Lucas Haldeman for closing remarks.

Lucas Haldeman: Thank you, Audra, and thank you all for joining in for our Q4 call, and we look forward to talking to you soon and seeing some of you in person. Thanks a lot.

Operator: And this concludes today’s conference call. Thank you for your participation. You may now disconnect.