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.
Trinity Capital reported robust first-quarter results for 2022, showcasing a total investment income of $31.8 million, a significant 83.8% increase year-over-year. Net investment income rose 115.2% to $15.6 million or $0.57 per share. The company realized gains of $52.6 million on equity sales and declared an increased dividend of $0.40 per share, along with a $0.15 supplemental cash dividend. However, the net asset value per share decreased to $15.15 due to unrealized losses surpassing realized gains. The investment portfolio's fair value reached $919.3 million.
Matterport, Inc. (Nasdaq: MTTR) announces its partnership with Treedis, which leverages the Matterport Digital Twin Platform to create immersive online experiences. Treedis reports a 20% conversion lift and 15% sales growth for its clients, including ŠKODA AUTO, which achieved a 96% customer engagement in its virtual showroom. Treedis has experienced a remarkable 450% revenue growth and attracts over 100 million monthly visitors to its spaces. The partnership supports various industries, enhancing business outcomes through innovative digital solutions.
Matterport (Nasdaq: MTTR) is expanding its presence in Japan, a major property market with over 324 million spaces to digitize. The company aims to enhance its customer service and open new sales channels to support the growing adoption of its digital twin platform. Notable clients like Mitsubishi Estate Residence and Takenaka Corporation are utilizing Matterport’s technology for real estate transactions and facility management. This strategic investment underscores Matterport's commitment to capturing market demand in the Asia-Pacific region.
Matterport, Inc. (Nasdaq: MTTR) announced that KLM Royal Dutch Airlines is utilizing its digital twin technology to enhance operational efficiency. KLM has built a library of 104 digital twins for various aircraft types, viewed nearly 1 million times by personnel. This technology has improved training efficiency, reducing cleaning times by 30% and allowing remote access for training. KLM aims to enhance customer experiences by enabling travelers to virtually explore aircraft cabins prior to purchase, showcasing the value of Matterport's solutions in the airline industry.
Matterport, Inc. (Nasdaq: MTTR) will release its fiscal 2022 Q1 financial results on May 10, 2022, post-market close. A conference call hosted by management will follow at 1:30 PM PT (4:30 PM ET) to discuss the results, accessible via the provided dial-in number. Investors can find the financial results press release and live webcast at investors.matterport.com, with an audio replay available for a year. Matterport drives the digital transformation of built environments through its spatial data platform, making buildings more valuable and accessible.
Matterport, Inc. (Nasdaq: MTTR) highlights its collaboration with Atkinson McLeod, a London real estate group, showcasing a 50% reduction in property visits via digital twins. This innovation not only enhances property management efficiency but also doubles email marketing click-through rates. Furthermore, properties equipped with digital twins spend less time on the market, moving from listing to contract significantly faster. The introduction of Matterport Axis helps agents capture high-quality digital twins easily, further streamlining the sales process.
Matterport (Nasdaq: MTTR) has launched the Exploration to Equity program, a corporate social impact initiative aimed at increasing access for marginalized communities through its Digital Twin Platform. Matterport will provide technology and services to selected nonprofit organizations, starting with the Space Foundation Discovery Museum, to digitally capture significant spaces. The initiative focuses on empowering underrepresented groups and enhancing community resilience by allowing virtual access to educational resources.
Matterport, Inc. (Nasdaq: MTTR) has partnered with Gilbane Building Company to implement digital twin technology, achieving 25-30% savings in costs and time during construction projects. The collaboration focuses on an eight-year initiative to improve accessibility across 1,100 banking locations. By utilizing Matterport's tools, Gilbane has reported a reduction of over 1,000 hours in site visits and enhanced remote project management. This strategic approach allows for efficient decision-making and supports various sectors, including corporate and healthcare.
Matterport has launched Matterport Axis, a motorized smartphone mount designed to simplify the creation of 3D digital twins. This device, priced from $79, enhances the Matterport Capture app, enabling users to capture spaces accurately and quickly. Notably, the insurance firm Eberl reported a 15% improvement in claims cycle time and a 200% increase in customer acquisition using digital twins created with Matterport Axis. The product aims to benefit various sectors, allowing businesses to create high-fidelity digital models efficiently.
Matterport, Inc. (Nasdaq: MTTR) is set to host the Matterport Space Jam virtual event on April 28, featuring five app developers showcasing retail solutions that enhance merchandising and e-commerce. The event emphasizes the importance of immersive virtual experiences for retailers. Each developer will present their innovations, including 3D virtual showrooms and integrated marketing tools. This initiative aligns with the shift towards online retail, as noted by Senior Director Stephanie Lin, highlighting the need for businesses to adapt to changing consumer preferences.
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