Matterport Inc - MTTR STOCK NEWS

Matterport, Inc. (Nasdaq: MTTR) has launched Matterport Axis, a motorized mount for smartphones, allowing users to easily create 3D digital twins of physical spaces. Available for pre-launch pricing of $59, it aims to enhance the digitization process across various industries such as real estate, retail, and construction. With Axis, organizations can capture high-fidelity scans quickly, improving operational efficiency and productivity. General availability begins April 1 at a price of $79, while the waitlist offers access to discounted rates until March 31.

Matterport, Inc. (Nasdaq: MTTR) will release its fiscal 2021 financial results on February 16, 2022, after market close. The management will conduct a conference call at 2:00 PM Pacific Time to discuss the fourth quarter results. Investors can access the financial results and a live webcast on Matterport's investor website. The company is known for its spatial data platform that enhances the value and accessibility of buildings worldwide, transforming millions of properties into digital twins for various applications.

Matterport, Inc. (Nasdaq: MTTR) will host its Matterport Space Jam virtual event on February 24 at 8:30 am PT, showcasing its platform partners' software solutions for the Architecture, Engineering, and Construction (AEC) sector. Attendees will witness demonstrations from four partners: e-Building, RemSense, SIMLAB Stages, and Nspect. This event aims to enhance project efficiency, boost productivity, and reduce costs in AEC workflows through Matterport digital twins.

Matterport, Inc. (Nasdaq: MTTR) announced a partnership with Orangetheory to create digital twins of over 1,250 U.S. fitness studios. This initiative aims to ensure brand consistency and significantly reduce travel and labor costs for operational teams. Through Matterport Capture Services, Orangetheory will gain accurate, 3D replicas of each studio, enhancing operational efficiency and informed decision-making. This strategic move showcases Matterport's role in transforming retail operations by simplifying layout verification and measurements, ultimately boosting productivity.

Trinity Capital Inc. announced it will receive approximately $59.8 million in net proceeds from selling its equity investments in Lucid Group (LCID) and Matterport (MTTR). In January 2022, it sold 1,867,973 shares of Lucid and 571,941 shares of Matterport, acquiring these positions for about $9.0 million. The estimated net realized gain for the quarter ended March 31, 2022, is projected at $50.8 million, equating to roughly $1.86 per share. The board is reviewing the 2022 dividend distribution plan based on these outcomes.

Matterport, Inc. (Nasdaq: MTTR) appointed Tom Klein as Chief Marketing Officer as part of its strategy to enhance global brand and drive growth amidst rapid expansion. Klein, with over 20 years of marketing experience, previously led Mailchimp to significant revenue growth and a successful acquisition. His role will focus on aligning marketing initiatives to capitalize on untapped market potential, emphasizing customer-centric strategies to elevate Matterport's innovative platform for the digitization of physical spaces.

Matterport, Inc. (Nasdaq: MTTR) announces a partnership with Retail VR that has led to significant cost and time savings for retailers, including luxury brands. By creating digital twins of showrooms, Retail VR eliminated the need for travel, saving 1,200 tons of carbon emissions. This innovation allows buyers to engage with collection visuals remotely. Additionally, Lactalis International used Matterport's technology to streamline product merchandising, reducing meeting times and enhancing efficiency. This collaboration highlights Matterport's role in transforming retail through immersive digital experiences.

Matterport, Inc. (Nasdaq: MTTR) has announced the appointment of Ben Corser as the Managing Director of Asia-Pacific (APAC), aiming to boost its regional growth.

With over 25 years of industry experience, Corser is expected to leverage his background in strategic growth and technology partnerships to enhance Matterport's market presence. The APAC region, holding over half of the world's population and a significant number of the tallest buildings, represents a critical opportunity for the company's expansion in 3D digital twin technology.

Matterport, Inc. (Nasdaq: MTTR) has expanded its Capture Services On-Demand into five additional countries and 21 new cities, boosting its global presence. The new locations include France, Netherlands, Ireland, Canada, and Singapore, bringing total availability to seven countries and 152 cities. This service allows trained technicians to create 3D digital twins of spaces, aiding businesses in optimizing their operations and design processes. Customer Canoa reported significant cost savings utilizing Matterport's services, highlighting the growing demand for digital transformation in the built world.