Deutsche Bank analysts shared their outlook on SmartRent, Inc. (NYSE:SMRT) ahead of the company’s Q1 results. The company’s shares are down 58% since the start of the year.

The analysts expect in-line quarterly results and reiteration of full-year revenue and EBITDA guidance. While supply chain issues have worsened in recent months, given that the company provided guidance in late March, the analysts believe management has likely already factored in most of the supply issues when determining the full year outlook.

The analysts continue to believe the key performance metrics to monitor are the total deployed & committed units that they expect to grow approximately 60% in 2022, as well as hosted service ARPU that they expect to grow around 50%.