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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 & Belden Enter Global Alliance to Digitize Built Environments For Networking and Connectivity

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Matterport, Inc. (Nasdaq: MTTR) and Belden Inc. (NYSE: BDC) have announced a partnership to deliver 3D digital twin-powered connectivity solutions for facilities management across industrial automation, smart buildings, broadband, and more. This collaboration aims to support businesses worldwide in their Connected Worker initiatives and improve physical environment management across asset performance, production monitoring, and sustainable manufacturing. Matterport's 3D digital twin platform will be integrated into Belden's edge-to-cloud solution stack, enhancing visualization, spatial data, and developer tools for secure data acquisition, transmission, orchestration, and management services. The partnership will also involve collaboration with Amazon Web Services (AWS) to develop new solutions for operational transformation efforts.
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Matterport Introduces CAD File Add-On, a One-Click CAD Creation Tool To Simplify Design Workflows

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Matterport, Inc. (Nasdaq: MTTR) announced a new CAD file add-on that will allow the creation of editable CAD drawings directly from Matterport digital twins, reducing design and documentation time. The add-on will include .DWG CAD format, .DXF, PDF, RCS Point Cloud File, and CTB file of plot styles for CAD.
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Matterport Announces Third Quarter 2023 Financial Results Above Guidance, Raises 2023 Outlook

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Matterport, Inc. announced its Q3 financial results, with subscription revenue reaching a record $22.9 million, up 20% YoY. Total revenue for the quarter was $40.6 million, exceeding the high end of guidance. The company reported a GAAP loss per share of $0.15 and a Non-GAAP loss per share of $0.04. Q3 cash used in operations improved by 62% YoY. Matterport raised its 2023 revenue and Non-GAAP loss per share guidance.
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Matterport Donates Pro2 Cameras to Support School Safety and Tech Education

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Matterport, Inc. announces its support of Secured My Schools (SMS), a nonprofit dedicated to enhancing the safety of educational facilities through innovative 3D digital twins. SMS uses Matterport digital twins to improve safety protocols and emergency response capabilities. They train high school students to create 3D models of their schools, identify vulnerabilities, and develop strategies. The digital twins provide essential information for first responders, improving safety and response times.
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“Sitzer/Burnett” Verdict Underscores Fundamental Transformation of U.S. Real Estate Industry

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Matterport, Inc. responds to the 'Sitzer/Burnett' verdict for real estate brokerage commissions, highlighting the stability of the compensation model in the U.S. real estate industry. The company emphasizes its role in driving digital innovation with 3D virtual tours that enhance the home buying journey. Matterport aims to be a valuable ally and tool for agents, brokers, buyers, and sellers, catering to the expectations of today's digital-first home buyers.
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UPDATE - Matterport Wins Best SaaS Product for Real Estate & Property Management

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Matterport's Property Intelligence, an AI solution for analyzing real estate properties, has been named the Best SaaS Product for Real Estate & Property Management by the International SaaS Awards. It revolutionizes property assessments, providing a fast and scalable solution. Matterport's AI generates reliable property insights and data, allowing home buyers to gain unprecedented insights and simplifying the buying and selling process for property marketers and managers. Last year, Matterport's Property Intelligence helped create a new category in Airbnb's Winter Release called Adapted, which features over 1,100 listings worldwide. In September, Matterport opened access to new features in its Property Intelligence offering, including automatic property measurements, room labels, 2D layouts, and property reports.
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Matterport Wins Best SaaS Product for Real Estate & Property Management

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Matterport's Property Intelligence, an AI solution for property analysis, has been named the Best SaaS Product for Real Estate & Property Management by the International SaaS Awards. It revolutionizes property assessments by providing fast and reliable insights. Matterport also introduced new features in its Property Intelligence offering, including automated property measurements and reports.
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Matterport Announces Collaboration with Stockperks to Offer Rewards for Retail Investors

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Matterport and Stockperks have launched the Matterport Shareholder Rewards Program on the Stockperks app. Retail shareholders using the app can access discounts on a Matterport subscription and a free Axis device. The program will offer additional perks that will be updated regularly. Matterport is a leading digital twin platform with 10.5 million spaces under management and 33 billion square feet digitized. The company aims to expand its presence in various end markets, including real estate, facilities management, retail, and more.
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Matterport Becomes Autodesk Premium Partner, Deepening Relationship on Digital Twin Collaboration For Design & Construction

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Matterport becomes a Premium Partner of Autodesk Construction Cloud, expanding access to its 4K digital twin platform for construction professionals. The partnership will result in deeper integrations and improved capabilities for customers.
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Matterport Digitally Replicates Amazon Executive Briefing Center In Demonstration of IoT Digital Twin Integration for Facilities Management

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Matterport's integration with AWS IoT TwinMaker allows for remote optimization of building operations and equipment performance. It provides a cost-effective solution for commercial and industrial facilities. The integration enables seamless connection of IoT data with Matterport's digital twins, allowing for real-time monitoring and data overlays on a user-friendly dashboard.
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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

MTTR Rankings

#2241 Ranked by Market Cap
N/A Ranked by Dividends

MTTR Stock Data

1.43B
319.13M
3.1%
58.67%
1.29%
Software - Application
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United States of America
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