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Matterport, Inc. - MTTR STOCK NEWS

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.

News

Matterport and KnowHow Partner to Accelerate Worker Training and Onboarding for Digital Twin Solutions in the Restoration Sector

Rhea-AI Summary
Matterport, Inc. partners with KnowHow to provide comprehensive training solutions for restoration experts, empowering them to utilize Matterport's AI-driven digital twin technology effectively. Through this partnership, KnowHow offers training on operating Pro series cameras, capturing spaces, and documenting effectively to optimize the use of Matterport's Digital Twin Platform in restoration projects.
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Matterport Introduces an All-in-One Carry Case for the Pro3 Camera, Enhancing Supply Chain Sustainability and Offering More Convenience and Portability For Customers

Rhea-AI Summary
Matterport, Inc. (MTTR) announces upgrades to the packaging and carrying case of its Pro3 camera to improve functionality and sustainability. The new design reduces shipping costs, carbon footprint, and enhances transport efficiency. The company aims to provide a more environmentally friendly and cost-effective solution for its customers and partners.
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Matterport Chairman and CEO RJ Pittman Named Inman 2024 Power Player Underscoring The Transformative Impact Of Digital Twins On Real Estate

Rhea-AI Summary
RJ Pittman, CEO and Chairman of Matterport, Inc. (Nasdaq: MTTR), has been named to Inman's Power Players list for the second year. Matterport is revolutionizing the real estate industry by transforming buildings into data, with over 35 billion square feet digitally captured. The company's Winter 2024 Release introduced innovative products and services, including Property Intelligence powered by AI.
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Matterport to Participate in Upcoming Investor Events

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Matterport, Inc. (MTTR) is participating in several investor events in February and March 2024, including the SHARE Series retail investor event, Wolfe Research Software Conference, Morgan Stanley Technology, Media & Telecom Conference, and Loop 2024 Investor Conference. The presentations will be webcast live and archived on Matterport's investor relations website.
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Matterport Announces Fourth Quarter and Full Year 2023 Financial Results Demonstrating Strong Recurring Revenue Growth and Reaffirms 2024 Profitability Target

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Matterport, Inc. (MTTR) announces Q4 financial results with record Annualized Recurring Revenue of $94.7 million, up 23% year-over-year. Net loss improved by 27% year-over-year, with Non-GAAP net loss improving by 55%. Q4 cash used in operating activities improved by 46%. Net Dollar Expansion rate reached 109%, the highest in two years. FY2023 saw a 34% increase in total subscribers and a 36% increase in square feet under management.
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Matterport Launches Property Intelligence: Transforming Real Estate and Property Management with AI and Automation

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Matterport, Inc. (MTTR) introduces Property Intelligence, a suite of AI-powered features enhancing property analytics for Marketing, Design, Construction, and Facilities Management.
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Matterport’s RJ Pittman Named To Silicon Valley Business Journal's Power 100, Recognizing Local Leaders’ Innovation and Community Impact

Rhea-AI Summary
Matterport CEO RJ Pittman named to Silicon Valley Business Journal's Power 100 List for 2024, highlighting the importance of digital twin technology. The company's digital twin platform is gaining traction in various industries, with significant market growth projections.
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Visiting Media and Matterport Digital Twins Redefine Hospitality Sales With Immersive Media in Multi-Year Agreement

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Matterport, Inc. announced a partnership with Visiting Media, a global leader in immersive sales enablement and channel distribution solutions for the hospitality sector. This partnership aims to deepen the use of Matterport's Digital Twin Platform and Property Marketing solution for thousands of hotels around the world, ultimately improving sales and marketing capabilities. The agreement highlights the increasing importance of immersive technologies in the hospitality industry, with IDC analysts predicting that roughly 50% of travel and hospitality organizations will adopt digital twins by 2025. The worldwide hospitality industry, a $4.7 trillion market, is undergoing a paradigm shift, relying more on immersive technologies for marketing and management. The integration of Matterport's digital twins with Visiting Media's software aims to streamline access and distribution of marketing materials, empowering sales and revenue teams in the competitive hospitality sector.
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Matterport Partners with Arcadus to Deliver Digital Twins to US Public Sector With Federally Compliant Matterport for Government Offering

Rhea-AI Summary
Matterport, Inc. (Nasdaq: MTTR) has announced a partnership with Arcadus, making Arcadus the first value-added reseller of Matterport's Digital Twin Platform for the United States public sector. Arcadus will offer Matterport's three core solutions in Property Marketing, Design & Construction, and Facilities Management to federal, state, and local agencies. This partnership aims to revolutionize how public sector agencies assess, manage, and optimize their spaces with a Federally-compliant digital twin platform.
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Matterport’s Digital Twin Platform Helps VRPM Design the Future of Modern Workspaces

Rhea-AI Summary
Matterport, Inc. (Nasdaq: MTTR) partner, VRPM, demonstrated how Matterport's Digital Twin Platform is being applied to virtual staging for interior design in the commercial real estate sector. VRPM, a leading virtual staging platform in the UK, has experienced a surge in demand for virtual staging and design solutions due to the impact of the COVID-19 pandemic. They use virtual staging within Matterport 3D digital twins to provide potential tenants an authentic sense of what it would be like to inhabit a space. VRPM aims to make these stages shoppable, allowing tenants to directly purchase the furniture and décor they see from the manufacturers. The accuracy of Matterport's digital twins has enabled VRPM to effectively support commercial properties and create a library of furniture and design choices, enabling tenants to visualize their future spaces tailored to their specific business needs.
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FAQ

What is the current stock price of Matterport (MTTR)?

The current stock price of Matterport (MTTR) is $4.495 as of November 4, 2024.

What is the market cap of Matterport (MTTR)?

The market cap of Matterport (MTTR) is approximately 1.4B.

What does Matterport, Inc. do?

Matterport, Inc. develops a 3D media platform that turns physical spaces into accurate and immersive digital twins for various applications such as design, construction, and marketing.

How does Matterport generate revenue?

Matterport generates revenue primarily through subscription fees, which make up 60% of its total revenue. The company also earns from licenses, services, and product sales.

What is Matterport's latest achievement?

Matterport has achieved a 75x growth in subscribers over five years, reaching over one million users. This growth reflects the success of their SaaS-driven digital twin platform strategy.

What industries use Matterport's technology?

Matterport's 3D capture technology is used across various sectors including real estate, hospitality, retail, industrial spaces, and more.

What are digital twins?

Digital twins are virtual replicas of physical spaces created using Matterport's 3D capture technology. They provide detailed property insights and can be used for planning, construction, marketing, and operations.

How has Matterport made 3D capture technology accessible?

Matterport has democratized 3D capture technology by offering affordable subscription tiers and supporting low-cost capture devices, including smartphones.

What recent partnerships has Matterport announced?

Matterport recently partnered with Crunch Fitness to enhance brand uniformity and with BMO for branch rebranding and design management, showcasing its ability to provide scalable solutions.

What are AI-powered features in Matterport's platform?

Matterport's AI-powered features, introduced in the Winter 2024 Release, automate data extraction from properties and enable advanced property insights and reimagining of spaces.

Where can I find more information about Matterport?

You can find more information about Matterport and its services by visiting their website at https://matterport.com/.

What is the significance of Matterport's digital transformation?

Matterport's digital transformation makes buildings more valuable and accessible by converting them into data-rich digital twins, improving various aspects of the building lifecycle.

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Matterport, Inc.

Nasdaq:MTTR

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MTTR Stock Data

1.43B
319.13M
3.1%
58.67%
1.29%
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