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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 to Announce Fourth Quarter & Full Year 2023 Results on February 20, 2024

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Matterport, Inc. (MTTR) will release its Q4 and full year 2023 financial results on February 20, 2024, after market close. A conference call will be held at 1:30 p.m. Pacific time to discuss the results. The press release and a live webcast will be accessible from the Matterport website at investors.matterport.com.
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Matterport Introduces High Density Scanning Precision For Its Flagship Pro3 Camera

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Matterport, Inc. (Nasdaq: MTTR) has announced new high density scanning capabilities for its 3D camera, Pro3, to streamline workflows and accelerate project timelines. The software-enabled feature, now in beta, allows for the capture of over 5 million real depth points per scan, a sixfold increase from standard density scans. This innovation aims to make as-built modeling easier and more accessible, particularly for construction sites and commercial buildings. Customers can access the higher density data in the form of an E57 file, which can be imported to Autodesk Revit and other design and construction software.
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Matterport’s 3D Property Marketing Solution Elevates Hospitality and Guest Experiences For The Ivy Collection

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The Ivy Collection (MTTR) partners with Matterport to enhance customer experience and streamline event planning with 3D digital twin technology
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Matterport Welcomes Nominations For The 2023 Digital Twin Awards: Celebrating Innovation and Creativity In The Built World

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Matterport, Inc. (Nasdaq: MTTR) sponsors the 2023 Digital Twins Awards (DTAs) and celebrates the innovation within the global Matterport community. The company's Pro3 3D camera has accelerated the capture process, leading to a growth of over 35 billion square feet captured to-date, an increase of more than 9 billion square feet year-over-year.
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Matterport's Annual ESG Report Highlights the Importance of its Digital Twin Technology in Reducing Carbon Footprint

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Matterport, Inc. (Nasdaq: MTTR) released its second Environmental, Social, and Governance (ESG) report, highlighting the significant impact of its digital twin technology on emission avoidance and supply chain sustainability. The report showcases a 37% increase in total greenhouse gas emissions, but also outlines the avoidance of 756,952 tonnes of carbon emissions since 2021, and the company's efforts to improve its supply chain and reduce electronic waste. Matterport's remote-first workplace model has led to reduced direct emissions and increased productivity, while also earning the company several awards for its strong company culture.
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Germany’s Historic Krämerbrücke Bridge Rendered in Lifelike 3D with Matterport’s Digital Twin Platform

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Matterport, Inc. (Nasdaq: MTTR) utilized its technology to create a 3D digital twin of the Krämerbrücke, the largest inhabited bridge in Europe, located in Erfurt, Germany. The digital twin encompasses over 30 shops and businesses within the 35,000 square foot bridge, offering a virtual exploration experience. The Matterport Pro3 camera, designed for large scans and outdoor settings, was instrumental in capturing the intricate details of the iconic bridge.
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University of Manchester Taps Matterport Digital Twins to Transform Onboarding for Students in the Martin Harris Centre for Music and Drama

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Matterport, Inc. (Nasdaq: MTTR) announced the University of Manchester's implementation of Matterport’s Digital Twin Platform for the Martin Harris Centre for Music and Drama. The platform's Facilities Management solution created a virtual onboarding and training tool for students, enhancing their understanding of the facilities and improving their overall experience.
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Matterport Signs Multi-Year Partnership with Vacasa to Provide Digital Twins for International Portfolio of Vacation Homes

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Matterport, Inc. (Nasdaq: MTTR) and Vacasa, Inc. (Nasdaq: VCSA) announced a new multi-year partnership to leverage Matterport’s Digital Twin Platform and Capture Services. Vacasa will expand its use of Matterport’s Digital Twin Platform as an integral part of its home onboarding and guest service experiences for the tens of thousands of properties Vacasa manages. Matterport’s full-stack digital twin solutions will enable Vacasa to more efficiently and effectively capture, document and promote its listings, delivering a consistent showcase experience across Vacasa’s rentals through a single capture appointment.
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Matterport to Participate in Upcoming Investor Conferences

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Matterport, Inc. (Nasdaq: MTTR) to Participate in Investor Conferences
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Matterport’s RJ Pittman Named Among Inman's Top Proptech Entrepreneurs In 2023

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Matterport, Inc. (Nasdaq: MTTR) Chairman and CEO, RJ Pittman, recognized in Inman's 2023 Best of Proptech Awards for the company's central role in shifting the real estate industry online. Matterport's digital twins have reshaped how people buy, sell, rent, and manage their properties digitally, providing unprecedented property insights for better home valuation data and decision-making information. RJ Pittman stated that Matterport has been a catalyst in pushing the real estate sector toward digitization, reflecting the collective impact of the entire team in accelerating this transformation.
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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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