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SmartRent Reports Second Quarter 2021 Financial Results Company Achieves Record Revenue for the Quarter Recent Highlights • Increased second quarter revenue by 274 % to $ 21.7 million from $ 5.8 million in the prior year • Grew deferred revenue 133 % year - over - year to $ 74.5 million • Deployed 23,834 New Units in the second quarter up 243 % year - over - year Increased Committed Units to 606,000 as of June 30 , 2021 • Launched Smart Intercom and Alloy Access Solo to enhance and optimize access control systems Initiated vertical expansion into attractive Student Housing market • Completed business combination with Fifth Wall Acquisition Corp. I Appointed Ann Sperling to the Board of Directors Exhibit 99.4 SCOTTSDALE , AZ . , August 30 , 2021 — SmartRent , Inc. ( NYSE : SMRT ) ( " SmartRent ” or “ the Company ” ) , a leading provider of smart home and smart building automation for property owners , managers , developers , homebuilders and residents , today reported financial results for the second quarter ended June 30 , 2021 . Lucas Haldeman , CEO of SmartRent , commented , " The significant demand for our value - enhancing open - architecture and hardware - agnostic operating system led to record revenue in the second quarter . Our pipeline is stronger than ever , as evidenced by our more than 606,000 Committed Units , and we are actively adding talent to meet the growing demand from our customers . Importantly , our large base of deferred revenue continues to grow and drive multi- year revenue visibility . " Mr. Haldeman , continued , " We are pleased to have completed our business combination with Fifth Wall Acquisition Corp. I and could not be more excited for this next chapter of growth as a public company . We are uniquely positioned to penetrate the multibillion - dollar smart building enterprise software market on a global scale across all asset classes in both retrofit and new development , which we believe will create long - term shareholder value . " Second Quarter Results Total revenue increased by $ 15.9 million , or 274 % , to $ 21.7 million in the second quarter of 2021 , from $ 5.8 million in the second quarter of 2020. The year - over - year increase in revenue resulted primarily from an increase in the volume of installations of the Company's smart home hardware devices and an increased number of active subscriptions for the Company's software service applications . Operating expenses increased by $ 2.3 million to $ 10.3 million in the second quarter of 2021 from $ 8.0 million in the second quarter of 2020 , primarily resulting from an increase in research and development expenses related to product portfolio enhancements and sales and marketing expenses related to personnel - related costs to support the growth of the Company's operations . The Company continues to invest for growth and has increased its total headcount by approximately 93 % since the end of June 2020 . 1