Matterport Announces First Quarter 2024 Financial Results
Matterport, Inc. - Class A (MTTR)
Company Research
Source: GlobeNewswire
Annualized Recurring Revenue hits record $96 million, up 21% year-over-yearNet loss improved 33% year-over-year; Non-GAAP net loss improved 80% year-over-yearCash used in operating activities improved 81% year-over-yearNet Dollar Expansion rate of 107% Total subscribers reach 1.0 million, up 30% year-over-yearSquare feet under management reached 40.7 billion, up 35% from prior year SUNNYVALE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended March 31, 2024. “I'm pleased to announce our first quarter 2024 results, which reflect our continued success in driving efficient growth for the company,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport. “Subscription revenue grew 21%, hitting a record $24 million for the period, and now represents more than 60% of our total r
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- Matterport Unveils Reporting Tool to Showcase Carbon Reduction Achieved Using Digital Twins [Yahoo! Finance]Yahoo! Finance
- Matterport Unveils Reporting Tool to Showcase Carbon Reduction Achieved Using Digital TwinsGlobeNewswire
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- 3D Scanner Matterport Sold For $1.8 Billion, Lamini AI Raises $25 Million, Neurable $13 Million, Freepic Acquires Magnific AI [Forbes]Forbes
- Matterport, Inc. (MTTR) Reports Q1 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
MTTR
Earnings
- 5/6/24 - Beat
MTTR
Sec Filings
- 5/8/24 - Form 10-Q
- 5/6/24 - Form 425
- 5/6/24 - Form 425
- MTTR's page on the SEC website