SmartRent, Inc. (NYSE:SMRT) reported its preliminary Q4 results, which came in above the Street expectations. The strong revenue and KPIs for the quarter are encouraging, given the supply chain challenges that impacted results last quarter.

Considering the strong units booked (around 84,000) in the quarter and the number of deployed units, analysts at Deutsche Bank see upside risk for committed units in Q4 with regard to their estimate of around 723,000.

The analysts expect the full 2022-year outlook along with Q4 hosted services ARPU to be the key areas of focus going into earnings in March, but they believe this business update will alleviate some concerns about supply chain disruptions in Q4 and into 2022.