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DOOR launches OpenDOOR platform, grows software revenue 18%, and improves gross margin to 55%

Company Fundamentals
12 Nov 2026, 14:49 WIB
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DOOR launches OpenDOOR platform, grows software revenue 18%, and improves gross margin to 55%

DOOR reported an 18.1% increase in software revenue to $6.3 million in Q3 2026, despite a total revenue decline due to lower hardware sales. The company launched its OpenDOOR developer platform, expanding integration with partners and advancing AI-driven automation in building access. Gross margin improved to 55.2%, supported by higher-margin software sales and operational efficiencies. DOOR is executing a restructuring plan to reduce costs by $10-$12 million annually, aiming for positive cash flow by late 2027.

Latch, Inc. (DOOR) reported its Q3 2026 financial results. For readers following the Technology sector, here is Pluang's market snapshot as of Nov 12, 2026 19:13 WIB: out of 150 priced US tech stocks, 25 rose and 122 fell today. Notable movers include MSTR at USD 115.69 with a 5.44% decline and a typical hold time of 116 days, ASX at USD 35.80 down 5.34% with a 49-day hold, and VERI at USD 0.50 gaining 4.71% with a 17-day hold and 78% buy order activity.

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