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Door (LTCH) investor relations material
Door Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q2 2025 increased 47% year-over-year to $19.1 million, driven by professional services growth following the HelloTech merger and property management acquisitions.
Net loss narrowed to $7.8 million from $16.9 million in Q2 2024, reflecting improved operating leverage and reduced legal and settlement costs.
The company rebranded as DOOR in August 2025, with a continued focus on integrated hardware, software, and services for the multifamily rental market.
Filed Q2 2025 report 10 days after Q1, showing progress toward regaining current SEC reporting status.
Financial highlights
Q2 2025 software revenue grew 4% year-over-year to $5.2 million; professional services revenue rose 238% to $7.9 million.
Total revenue for the first half of 2025 was $34.8 million, up 40% from the prior year period.
Adjusted EBITDA loss improved to $5.7 million in Q2 2025 from $7.5 million in Q2 2024.
Gross margin for Q2 2025 was 43%, down from 46% in Q2 2024, due to higher professional services mix.
Operating expenses dropped to $15.8 million, a 34% year-over-year reduction for Q2 2025.
Outlook and guidance
Management expects current liquidity to fund operational needs for at least 12 months.
Ongoing focus on expanding the DOOR Platform and device integrations to drive future growth.
Expects to regain current SEC reporting status with the Q3 2025 report, anticipated in Q1 2026.
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- ATS
Q3 revenue up 16.7% and net income surges, with Q4 revenue guided at $710–$750 million. - SWK
Gross margin and net income rose, with CAM divestiture set to reduce debt and boost 2026 outlook. - PMI
FDA-approved artificial heart maker registers 17M shares for resale amid ongoing losses and risks. - ARCC
FY 2025 net income was $1,299M, with a $0.48/share Q1 2026 dividend declared. - BG
2025 delivered solid EBIT and cash flow, with 2026 guidance indicating stable adjusted EPS. - SDST
Development-stage lithium refiner registers shares for resale amid high risk and capital needs. - DAC
Q2 2025 saw revenue growth, high charter coverage, and strong liquidity despite rising costs. - OCSL
Net investment income was $36.7M ($0.42/share) as NAV fell to $16.30 and a $0.40 dividend was declared. - NUWE
Registering 4.28M shares for resale, proceeds from warrant exercises support working capital. - WBD
Board selects Netflix merger for streaming and studios, with Discovery Global to be spun off.
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