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Why Latch Stock Slumped on Friday

TheMotleyFool

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Shares of Latch (NASDAQ: LTCH) were down big on Friday after the company reported its second-quarter earnings results. The stock was down as much as 17% on the day and was down around 16.3% as of 1:15 p.m. EDT today.

Latch reported its second-quarter results after the close on Thursday, the first as an independent public company (it started trading publicly after its SPAC merger in June). Revenue was $9 million in the period, up 227% year over year, but it had a GAAP net loss of over $40 million in the quarter.

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Source Fool.com

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