Welcome to our dedicated page for Matterport news (Ticker: MTTR), a resource for investors and traders seeking the latest updates and insights on Matterport stock.
Matterport, Inc. (Nasdaq: MTTR) is a leading spatial data company dedicated to digitizing and indexing the built world. Leveraging its innovative 3D media platform, Matterport enables users to create accurate and immersive digital twins of physical spaces. This groundbreaking technology can be utilized across various stages of a building's lifecycle, including design, construction, operation, and marketing.
With its proprietary technology, Matterport has revolutionized the industry by introducing affordable subscription tiers and supporting a wide range of capture devices, including the advanced Pro3 camera. This strategy has democratized 3D capture technology, resulting in a remarkable 75x growth in subscribers over five years, reaching over one million users today. This success underscores Matterport's leadership in the 3D capture and digital twin market.
The company primarily generates revenue through subscription fees, comprising 60% of its total revenue. Matterport’s SaaS-driven approach has significantly enhanced user engagement and adoption rates, fostering revenue growth through renewals, upsells, and new services like Property Intelligence. The company's commitment to innovation and community engagement has cultivated a vibrant user base that leverages the platform for various applications, from property marketing to facilities management, and beyond.
Matterport continues to drive growth and expansion with AI-powered offerings. The Winter 2024 Release introduced automated features that transform data extraction from properties, laying the groundwork for future advancements in property insights. Upcoming generative AI solutions promise to further innovate by allowing users to reimagine and redesign spaces within their digital twins.
Recent achievements include collaborations with major entities like Crunch Fitness and BMO, enhancing brand uniformity and operational efficiencies through Matterport’s digital twin platform. These partnerships exemplify Matterport's ability to provide scalable and precise solutions for diverse industries.
Founded in 2011, Matterport remains at the forefront of the digital transformation of the built world. The company continues to pioneer advancements in 3D capture technology, making it an indispensable tool for millions of buildings across 177 countries. For more information about Matterport and its services, visit matterport.com.
Matterport (Nasdaq: MTTR) has been named among HousingWire's 2025 Tech100 Real Estate honorees, recognizing its innovative contributions to the real estate industry. The prestigious award, now in its sixth year, acknowledges companies transforming real estate operations and property marketing.
The company's digital twin technology creates precise, interactive 3D representations of physical spaces. A key innovation from 2024, Property Intelligence, leverages AI to automatically provide important data points like square footage and room dimensions with each digital twin.
Recent advancements from Matterport's Winter and Fall 2024 Releases include:
- Defurnish feature for digital decluttering with one click
- Auto-measurements and property layouts
- AI-generated professional listing descriptions
Matterport (MTTR) announces its sponsorship of the 2025 Digital Twin Awards (DTAs), organized in partnership with CAPTUR3D. The global competition, now in its fourth year, invites Matterport users and partners to showcase their best digital twin projects from 2024 across seven categories, including real estate, cultural preservation, and education.
The competition spans over 170 countries and features a new category for Non Pro Series Device Scans. Submissions are open until February 28, 2025, with winners to be announced on April 4, 2025. A public voting period will run from March 14-28, 2025. Winners will receive Matterport hardware, accessories, and subscriptions, with individual prizes valued up to $6,300 and a total prize pool of $28,000 USD.
Matterport (Nasdaq: MTTR) announces that Chairman and CEO RJ Pittman has been named to the 2025 class of Inman Power Players for the third consecutive year. The recognition celebrates influential executives shaping the real estate industry's future.
Under Pittman's leadership, Matterport has transformed property transactions through its digital twin technology, which creates precise, interactive 3D models of spaces. The company's recent introduction of Property Intelligence, powered by AI, provides instant access to critical data points like square footage and room dimensions.
Notable recent innovations include the 2024 Winter and Fall Releases, featuring capabilities such as defurnish (digital decluttering with one click), auto-measurements, property layouts, and AI-driven property descriptions for listing copy generation.
Matterport (NASDAQ: MTTR) has revealed its Top 5 Most Viewed Spaces of 2024, showcasing the company's digital twin technology achievements. The most popular virtual tour was a Korean Train eXpress bullet railcar, attracting 1.5 million views. Other top spaces included the Yomiuri Giants' stadium in Tokyo, Jerry's apartment from 'Seinfeld', a Royal Caribbean Navigator of the Seas stateroom, and the Tomb of Queen Meresankh III in Egypt.
Throughout 2024, Matterport introduced several platform enhancements including automated Room Labels and Dimensions, Property Report generation, Defurnish feature, Property Descriptions, and Merge capabilities for combining multiple spaces into a single digital twin.
Matterport (MTTR) has achieved both AWS Manufacturing and Industrial Competency and AWS Energy Competency status, demonstrating its expertise in cloud technology solutions. The Manufacturing and Industrial Competency recognizes Matterport's proficiency in providing end-to-end Industrial Manufacturing Software solutions, while the Energy Competency acknowledges its role in sustainable energy transformation.
The company's digital twin technology enables advanced features including 3D model creation, remote monitoring, employee training, and integration with AWS IoT TwinMaker. These solutions support engineering design, smart manufacturing, and enterprise operations while helping reduce carbon footprint and improve safety measures.
Matterport (MTTR) reported record Q3 2024 financial results with total revenue of $43.8 million, up 8% year-over-year. The company achieved a significant milestone with Q3 annualized recurring revenue surpassing $100 million, representing an 11% increase year-over-year. Total subscribers grew to 1.1 million, up 25%, while square feet under management reached 47.3 billion, up 34%. The company's net loss improved by 14% year-over-year, with non-GAAP net loss showing an 80% improvement. The Fall 2024 Release introduced AI-powered tools for digital twin applications. The pending acquisition by CoStar Group is expected to close in Q4 2024 or Q1 2025.
Matterport (MTTR) has unveiled its Fall 2024 Release, introducing a suite of AI-powered tools designed to revolutionize property management and marketing. Key features include:
- An AI-powered defurnish tool that can remove clutter from virtual property listings with a single click
- An AI-generated property description tool that creates detailed, engaging written descriptions in seconds
- A Merge tool for combining multiple digital twins into cohesive 3D tours of large properties
- Field Tags for real-time documentation during property scanning
- One-click bill-back processing for streamlined expense allocation
These innovations aim to enhance efficiency and creativity for real estate agents, contractors, and property managers, transforming digital twins from static replicas into dynamic canvases for reimagining spaces.
Shapiro Haber & Urmy LLP has announced that Legacy Matterport shareholders may have valuable claims against Matterport (NASDAQ: MTTR). This stems from the July 2021 business combination transaction where Legacy Matterport became public via a SPAC merger. Shareholders who received new Matterport shares during this transaction might be entitled to significant money damages, regardless of whether they still own the shares or have sold them.
The law firm is offering to provide additional information about legal rights in this matter. Interested parties can contact Ian McLoughlin at imcloughlin@shulaw.com or (617) 439-3939. Shapiro Haber & Urmy LLP specializes in representing shareholders and consumers in class actions against corporate defendants, as well as in derivative actions.
Matterport (Nasdaq: MTTR) reported Q2 2024 financial results, showing significant growth and operational improvements. Annualized Recurring Revenue (ARR) reached a record $96.6 million, a 16% increase year-over-year.
Subscription revenue grew 16% to $24.2 million, comprising over 57% of total revenue. Total revenue was $42.2 million.
Total subscribers grew by 28% year-over-year to 1.06 million. Square feet under management reached 44 billion, up 33%.
Net loss per share was $0.45, while Non-GAAP net loss was $0.02 per share, a 71% improvement year-over-year. Cash used in operating activities improved by 64% year-over-year to $11.8 million.
Recent highlights include a pending acquisition by CoStar Group valued at approximately $2.1 billion, the launch of avoided emissions reporting, and partnerships with Crunch Fitness, BMO, and FBS.
Matterport (MTTR) has released its third ESG Report, setting ambitious targets for reducing carbon emissions and fostering gender equality. The company aims to reach net-zero emissions by 2050, transition to recyclable/renewable packaging for Pro3 cameras by 2025, reduce Scope 1 and 2 GHG emissions by 20% by 2030, and achieve gender parity among full-time employees by 2030.
The report highlights Matterport's success in helping customers reduce their carbon footprint through digital twins. Since 2022, each digital twin creator avoids an estimated 0.55 tCO2e per year, while each digital twin prevents about 0.15 tCO2e emissions. Matterport has also partnered with a carbon accounting firm to develop avoided emissions reporting for enterprise customers, providing insights into carbon savings enabled by their platform.
With over 1 million subscribers and 12 million digitized spaces across 178 countries, Matterport continues to drive sustainable practices in various industries, including real estate, construction, retail, and manufacturing.
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