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.
Matterport, Inc. (Nasdaq: MTTR) will release its Q1 2023 financial results on May 9, 2023, after the market closes. Following the release, management will host a conference call at 1:30 PM PT (4:30 PM ET) to discuss these results. Investors can join the call by dialing (412) 902-4209 with conference ID 10176795. Both the press release and a live webcast will be available on the Matterport investor website. An audio replay of the call will be accessible for one year. Matterport is known for its innovative spatial data platform transforming buildings into digital twins, enhancing value across various building lifecycle stages, including planning and marketing.
Matterport, Inc. (Nasdaq: MTTR) has announced a new integration with AWS IoT TwinMaker to enhance the digital twin technology for enterprise customers. This integration allows seamless connection of IoT data into Matterport's immersive 3D digital twins, facilitating remote optimization of building operations, improving production output, and enhancing safety standards.
With this collaboration, companies like INVISTA are already leveraging the technology for predictive maintenance and operational efficiencies. The integration simplifies the creation of digital representations, increases equipment uptime, and supports remote training, thereby contributing to cost reductions and sustainability goals. The new capabilities reflect Matterport's commitment to driving digital transformation across various industries.
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