DOOR Gains Financial Ground with Software Boost

Latch, Inc., now operating as DOOR, posted a promising start to 2026 by boosting its software revenue by 19% and trimming its net loss by 47% compared to last year. While total revenue stayed level at $15.7 million, the company made strides in cutting operating expenses by over a quarter and refining its cash usage, which was down by $18.6 million from the previous year. The company also secured a new credit facility to ease debt repayments. What does it mean for you? This shows DOOR is on a path to becoming more financially stable, which could mean better services and innovations if you're a customer, or a more appealing investment if you're looking to put some money into the stock market.