Matterport, Inc., a spatial data company, focuses on digitizing and indexing the built world. It offers Matterport digital twins, a 3D data platform to design, build, operate, promote, and understand spaces. The company offers Matterport Capture, an application that enables to capture depth, data, and imagery of a space using 3D cameras, 360 cameras, and iPhones; Matterport Workshop application to customize, add additional details, and share spaces; Matterport Showcase application for audience view and explore space in its final format; and Matterport VR to experience virtual reality. It offers solutions for real estate, photography, travel and hospitality, retail, insurance and restoration, industrial and facilities management, architecture, and engineering and construction industries. Matterport, Inc. was founded in 2011 and is headquartered in Sunnyvale, California.
IPO Year: 2021
Exchange: NASDAQ
Website: matterport.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/11/2024 | $3.50 | Outperform | Northland Capital |
| 1/19/2024 | Neutral | BTIG Research | |
| 10/23/2023 | $4.00 → $2.00 | Overweight → Neutral | Piper Sandler |
| 1/23/2023 | $5.00 → $3.00 | Buy → Hold | Deutsche Bank |
| 8/17/2022 | Peer Perform | Wolfe Research | |
| 5/3/2022 | $10.00 → $6.00 | Outperform → Neutral | Wedbush |
| 4/19/2022 | $9.00 | Equal-Weight | Morgan Stanley |
| 2/17/2022 | $29.00 → $23.00 | Outperform | Credit Suisse |
| 2/17/2022 | $26.00 → $10.00 | Overweight | Piper Sandler |
| 2/9/2022 | $31.00 → $29.00 | Outperform | Credit Suisse |
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144 - Matterport, Inc./DE (0001819394) (Subject)
144 - Matterport, Inc./DE (0001819394) (Subject)
144 - Matterport, Inc./DE (0001819394) (Subject)
Record total revenue of $43.8 million, up 8% year-over-year Q3 annualized recurring revenue crosses $100 million milestone, up 11% year-over-year Net loss improved 14% year-over-year; Non-GAAP net loss improved 80% year-over-year Total subscribers grew to 1.1 million, up 25% year-over-year Square feet under management reached 47.3 billion, up 34% from prior year SUNNYVALE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR) ("Matterport" or the "Company"), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended September 30, 2024.
Annualized Recurring Revenue hits record $96.6 million, up 16% year-over-year Cash used in operating activities for the first half of 2024 improved 64% year-over-yearTotal subscribers grew to 1.06 million, up 28% year-over-yearSquare feet under management reached 44.0 billion, up 33% from prior year SUNNYVALE, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR) ("Matterport" or the "Company"), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended June 30, 2024. "I'm pleased to announce our second-quarter 2024 results, which underscore our ongoing success in driving efficient gr
SUNNYVALE, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that it will release its fiscal 2024 second quarter financial results on Tuesday, August 6, 2024, after market close. Given the pending acquisition of Matterport by CoStar Group, Inc. that was announced on April 22, 2024, Matterport will not be holding a conference call or live webcast to discuss Matterport's quarterly financial results. The financial results press release will be accessible from the Matterport website at investors.matterport.com. About MatterportMatterport, Inc. (NASDAQ:MTTR) is leadin
Annualized Recurring Revenue hits record $96 million, up 21% year-over-yearNet loss improved 33% year-over-year; Non-GAAP net loss improved 80% year-over-yearCash used in operating activities improved 81% year-over-yearNet Dollar Expansion rate of 107% Total subscribers reach 1.0 million, up 30% year-over-yearSquare feet under management reached 40.7 billion, up 35% from prior year SUNNYVALE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR) ("Matterport" or the "Company"), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended March 31, 2024. "I'm pleased to announce our first
SUNNYVALE, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR) ("Matterport" or the "Company"), the leading spatial data company driving the digital transformation of the built world, today announced that it will no longer hold its first quarter results conference call originally scheduled for Monday, May 6, 2024 at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) due to the April 22, 2024 announcement that Matterport has entered into a definitive agreement to be acquired by CoStar Group, Inc. Due to the pending transaction, Matterport will not be providing quarterly financial guidance. On Monday, May 6, Matterport will issue its first quarter earnings press release a
The Transaction is Expected to Increase the Development and Deployment of Advanced AI and Digital Twin Technology Across All of CoStar Group's Product Lines CoStar Group, Inc. (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets announced today that it has reached a definitive agreement to acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion of enterprise value. Under the terms and subject to the conditions of the agreement, Matterport stockholders will receive $2.75 in cash and $2.75 in shares of CoStar Group common stock for each shar
SUNNYVALE, Calif., April 19, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that it will release its first quarter 2024 financial results on Monday, May 6, 2024, after market close. Matterport management will host a conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the financial results. The dial-in number will be (412) 902-4209, conference ID: 10188117. The financial results press release and a live webcast of the conference call will be accessible from the Matterport website at investors.matterport.com. An audio webcast replay of the conf
Q4 Annualized Recurring Revenue hits record $94.7 million, up 23% year-over-year Q4 net loss improved 27% year-over-year; Non-GAAP net loss improved 55% year-over-yearQ4 cash used in operating activities improved 46% year-over-yearQ4 Net Dollar Expansion rate of 109% reaches highest level in two years FY2023 total subscribers up 34% from prior yearFY2023 square feet under management up 36% from prior year SUNNYVALE, Calif., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR) ("Matterport" or the "Company"), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter and year ended December 31, 202
SUNNYVALE, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that it will release its fourth quarter and full year 2023 financial results on Tuesday, February 20, 2024, after market close. Matterport management will host a conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the financial results. The dial-in number will be (412) 902-4209, conference ID: 10185588. The financial results press release and a live webcast of the conference call will be accessible from the Matterport website at investors.matterport.com. An audio web
Q3 subscription revenue reached record $22.9 million, up 20% year-over-year Q3 total revenue of $40.6 million, above high end of guidance range Q3 GAAP loss per share of $0.15 and Non-GAAP loss per share of $0.04, above high end of guidance rangeQ3 cash used in operations improved 62% year-over-year Company raises 2023 revenue and Non-GAAP loss per share guidance SUNNYVALE, Calif., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR) ("Matterport" or the "Company"), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended September 30, 2023. "I'm pleased to report standout third quarter re
Travel, hospitality, and entertainment top Matterport's most viewed spaces of 2024—explore more at Discover SUNNYVALE, Calif., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), a pioneer in digital twin technology and spatial data capture, has unveiled its Top 5 Most Viewed Spaces of 2024 that captivated audiences worldwide. From iconic landmarks to immersive travel experiences, the list highlights this year's most-loved virtual destinations while celebrating Matterport's groundbreaking milestones. Pulling into the station in the No. 1 spot is a 3D tour of the inside of one of Korea Train eXpress' bullet railcars, which drew nearly 1.5 million virtual views this year. The
SUNNYVALE, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), a pioneer in digital twin technology and spatial data capture, announced today it has achieved Amazon Web Services (AWS) Manufacturing and Industrial Competency and AWS Energy Competency status within the Health, Safety, Environment category. These two honors recognize Matterport's proven expertise in helping customers leverage AWS cloud technology and providing them with a breadth of software and service offerings that support their unique needs. "These recognitions from AWS are a testament to the revolutionary impact of our solutions in modernizing industrial operations and promoting sustainability in t
Record total revenue of $43.8 million, up 8% year-over-year Q3 annualized recurring revenue crosses $100 million milestone, up 11% year-over-year Net loss improved 14% year-over-year; Non-GAAP net loss improved 80% year-over-year Total subscribers grew to 1.1 million, up 25% year-over-year Square feet under management reached 47.3 billion, up 34% from prior year SUNNYVALE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR) ("Matterport" or the "Company"), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended September 30, 2024.
Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced the appointment of James ("J.D.") Fay to its board of directors. Mr. Fay will also serve as a member of the board's audit committee. Mr. Fay, who currently serves as Chief Financial Officer at Matterport, Inc. (NASDAQ:MTTR), brings over two decades of financial strategy and operational expertise to Mitek, having played a key role in scaling technology companies from early growth stages to IPO and acquisition. "We are thrilled to welcome J.D. to our board and believe his extensive experience in financial strategy and guiding companies through growth and t
SUNNYVALE, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc., today unveiled a groundbreaking suite of new tools designed to reshape the way professionals design, build, and market properties. Through the power of generative AI, Matterport users can now easily reimagine the potential of any space, transforming digital twins from static replicas into dynamic canvases for creativity. "Our Fall 2024 Release empowers users to unlock the full potential of Matterport," said RJ Pittman, Chairman and CEO of Matterport. "Imagine being able to defurnish a home with one click or generate stunning property descriptions automatically, using just the data from your digital twin. These tools s
BOSTON, Aug. 22, 2024 /PRNewswire/ -- This press release concerns Matterport (NASDAQ:MTTR) and valuable claims which some of its past and present shareholders may have against Matterport. In July 2021, Matterport's predecessor, Legacy Matterport, became a public corporation via a business combination transaction with a SPAC. That business combination transaction entitled the shareholders of Legacy Matterport to receive public shares of the new publicly traded Matterport. If you were a shareholder of the previously non-public Legacy Matterport who received shares of the new Matterport pursuant to the SPAC business combination in July 2021, you may have valuable claims against Matterport and
Annualized Recurring Revenue hits record $96.6 million, up 16% year-over-year Cash used in operating activities for the first half of 2024 improved 64% year-over-yearTotal subscribers grew to 1.06 million, up 28% year-over-yearSquare feet under management reached 44.0 billion, up 33% from prior year SUNNYVALE, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR) ("Matterport" or the "Company"), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended June 30, 2024. "I'm pleased to announce our second-quarter 2024 results, which underscore our ongoing success in driving efficient gr
SUNNYVALE, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR) has released its third Environmental, Social, and Governance Report which, for the first time, sets ambitious targets for the company's top ESG priorities, including reducing emissions and fostering gender equality in the workplace. In addition to these new commitments, the new report also showcases the company's success helping its more than one million subscribers reduce their own carbon emissions by using Matterport's digital twins to reduce travel to the more than 12 million spaces across 178 countries that have been digitized on the Matterport digital twin platform. With respect to Matterport
SUNNYVALE, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that it will release its fiscal 2024 second quarter financial results on Tuesday, August 6, 2024, after market close. Given the pending acquisition of Matterport by CoStar Group, Inc. that was announced on April 22, 2024, Matterport will not be holding a conference call or live webcast to discuss Matterport's quarterly financial results. The financial results press release will be accessible from the Matterport website at investors.matterport.com. About MatterportMatterport, Inc. (NASDAQ:MTTR) is leadin
SUNNYVALE, Calif., July 11, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR) announced today that it has achieved Amazon Web Services (AWS) IoT Competency status. This designation underscores Matterport's pivotal role and expertise in innovative Internet of Things (IoT) technologies, empowering customers to leverage AWS for IoT and achieve their cloud transformation goals. Achieving the AWS IoT Competency differentiates Matterport as an AWS Partner Network (APN) member, providing software designed to help enterprises adopt, develop, and deploy complex IoT-enabled digital twin projects on AWS. To receive this designation, APN members must possess deep AWS expertise and deliver solut
Northland Capital initiated coverage of Matterport with a rating of Outperform and set a new price target of $3.50
BTIG Research initiated coverage of Matterport with a rating of Neutral
Piper Sandler downgraded Matterport from Overweight to Neutral and set a new price target of $2.00 from $4.00 previously
Deutsche Bank downgraded Matterport from Buy to Hold and set a new price target of $3.00 from $5.00 previously
Wolfe Research initiated coverage of Matterport with a rating of Peer Perform
Wedbush downgraded Matterport from Outperform to Neutral and set a new price target of $6.00 from $10.00 previously
Morgan Stanley initiated coverage of Matterport with a rating of Equal-Weight and set a new price target of $9.00
Credit Suisse reiterated coverage of Matterport with a rating of Outperform and set a new price target of $23.00 from $29.00 previously
Piper Sandler reiterated coverage of Matterport with a rating of Overweight and set a new price target of $10.00 from $26.00 previously
Credit Suisse reiterated coverage of Matterport with a rating of Outperform and set a new price target of $29.00 from $31.00 previously
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Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced the appointment of James ("J.D.") Fay to its board of directors. Mr. Fay will also serve as a member of the board's audit committee. Mr. Fay, who currently serves as Chief Financial Officer at Matterport, Inc. (NASDAQ:MTTR), brings over two decades of financial strategy and operational expertise to Mitek, having played a key role in scaling technology companies from early growth stages to IPO and acquisition. "We are thrilled to welcome J.D. to our board and believe his extensive experience in financial strategy and guiding companies through growth and t
SUNNYVALE, Calif., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR) today announced the appointment of Natalie Lamb as Managing Director of EMEA, effective immediately. In this role, Lamb will be responsible for overseeing Matterport's strategic growth in enterprise and SMB segments and expanding Matterport's strategic partnerships in EMEA. "I'm eager to bring Natalie onto the team at such an important time for Matterport's business in EMEA," said Jay Remley, Chief Revenue Officer, Matterport. "Natalie brings decades of software leadership experience and deeply understands how to build trusted relationships with customers and partners. We already have great momentum in EME
SUNNYVALE, Calif., July 11, 2022 (GLOBE NEWSWIRE) -- Matterport, Inc. ("Matterport") (NASDAQ:MTTR), the leading enterprise and real estate digital twin company driving the digital transformation of the built world, today announced the appointment of Susan Repo to the Matterport board of directors, effective July 11, 2022. Ms. Repo will also serve as chair of the audit committee of the board. Following the appointment of Ms. Repo, the board will be comprised of five directors, four of whom are independent. "We are pleased to welcome Susan to the Matterport board," said RJ Pittman, Chairman and Chief Executive Officer of Matterport. "Susan's deep experience in technology and managing global
SUNNYVALE, Calif., Feb. 10, 2022 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that it has appointed Florence Shaffer as Vice President, Strategy & Operations, Chief of Staff to CEO, and Deepti Illa as Vice President, Global Integrated Marketing. Shaffer will join Matterport's executive leadership team and report to CEO RJ Pittman, helping drive the company's strategic and operational mandate. Illa brings an impressive record of driving global business growth for some of the world's largest cloud platforms and will report directly to recently named Chief Marketing Officer, Tom Klei
SUNNYVALE, Calif., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), the leading spatial data company driving the digital transformation of the built world, today announced the appointment of Tom Klein as Chief Marketing Officer (CMO). In this role, Klein will be responsible for aligning Matterport's global marketing initiatives to elevate the global brand, drive growth across key vertical markets, and help its customers and partners win. Klein brings more than 20 years of experience spearheading marketing efforts for some of the world's leading brands and has a passion for operating at the intersection of marketing and technology. "As we continue our rapid pace of innov
SUNNYVALE, Calif., Jan. 25, 2022 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), the leading spatial data company driving the digital transformation of the built world, today announced the appointment of Ben Corser as Managing Director of Asia-Pacific (APAC). Corser will leverage over 25 years of experience in strategic growth planning, team building and partnership development for technology companies to help Matterport expand its presence in the region as the company enters its next phase of growth. "We are pleased to welcome Ben to the team as we increase investment in the region to help customers in APAC experience the revolutionary Matterport technology," said Jay Remley, Chief
SUNNYVALE, Calif., Jan. 11, 2022 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that Rob Hines has joined the company as Managing Director, Americas. Hines will oversee sales efforts across the region, including new business and revenue growth, people management and the execution of Matterport's strategic vision. "As we continue to innovate and expand Matterport's products and services, it's important that we have the right leaders in all of our high-growth markets to support our vision and capture the enormous addressable market," said Jay Remley, Chief Revenue Officer of Matterpo
SUNNYVALE, Calif., Sept. 14, 2021 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), the leading spatial data company driving the digital transformation of the built world, today announced the appointment of Jon Maron as Vice President of Growth. Jon will lead acquisition, retention, and revenue growth strategies for Matterport's expanding global customer base, which continues to scale as different industries and sectors adopt Matterport's spatial data and digital twin technology platform. He brings over 20 years of experience in marketing, public relations, and revenue growth and has a passion for developing people and processes, creating an atmosphere of trust, leveraging diverse views,
SUNNYVALE, Calif., Sept. 01, 2021 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), the leading spatial data company driving the digital transformation of the built world, today announced the appointment of Seth Finkel as VP Public Sector. Finkel will lead strategy and revenue growth for government agency markets as Matterport enters the public sector and digitizes U.S. Government facilities, infrastructure and strategic initiatives. With over 25 years of experience in technology sales and business development targeting public and private sectors, Seth will help position the untapped value of Matterport's spatial data and industry-leading 3D capture technology for government agencies loo
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