Matterport Inc Stock Price, News & Analysis

Matterport, Inc. (Nasdaq: MTTR) has announced its participation in several upcoming investor conferences. These events include the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2022, the Jefferies Software Conference on June 2, 2022, and the William Blair Growth Stock Conference on June 9, 2022. Presentations will be available through live webcasts, which will also be archived on Matterport's investor relations website. Matterport is a leader in the spatial data industry, transforming buildings into digital twins for better lifecycle management.

On May 10, 2022, Matterport (MTTR) announced a strong Q1 2022, highlighted by a 70% year-over-year increase in total subscribers to 562,000. Subscription revenue rose 24% to $17.1 million, driving total revenue to $28.5 million, surpassing guidance by $1 million. Matterport reaffirms its full-year guidance, supported by a strong balance sheet with $600 million in cash and no debt. Despite a Non-GAAP loss per share of $0.10, this reflects a 3-cent improvement over expectations.

Trinity Capital reported robust first-quarter results for 2022, showcasing a total investment income of $31.8 million, a significant 83.8% increase year-over-year. Net investment income rose 115.2% to $15.6 million or $0.57 per share. The company realized gains of $52.6 million on equity sales and declared an increased dividend of $0.40 per share, along with a $0.15 supplemental cash dividend. However, the net asset value per share decreased to $15.15 due to unrealized losses surpassing realized gains. The investment portfolio's fair value reached $919.3 million.

Matterport, Inc. (Nasdaq: MTTR) announces its partnership with Treedis, which leverages the Matterport Digital Twin Platform to create immersive online experiences. Treedis reports a 20% conversion lift and 15% sales growth for its clients, including ŠKODA AUTO, which achieved a 96% customer engagement in its virtual showroom. Treedis has experienced a remarkable 450% revenue growth and attracts over 100 million monthly visitors to its spaces. The partnership supports various industries, enhancing business outcomes through innovative digital solutions.

Matterport (Nasdaq: MTTR) is expanding its presence in Japan, a major property market with over 324 million spaces to digitize. The company aims to enhance its customer service and open new sales channels to support the growing adoption of its digital twin platform. Notable clients like Mitsubishi Estate Residence and Takenaka Corporation are utilizing Matterport’s technology for real estate transactions and facility management. This strategic investment underscores Matterport's commitment to capturing market demand in the Asia-Pacific region.

Matterport, Inc. (Nasdaq: MTTR) announced that KLM Royal Dutch Airlines is utilizing its digital twin technology to enhance operational efficiency. KLM has built a library of 104 digital twins for various aircraft types, viewed nearly 1 million times by personnel. This technology has improved training efficiency, reducing cleaning times by 30% and allowing remote access for training. KLM aims to enhance customer experiences by enabling travelers to virtually explore aircraft cabins prior to purchase, showcasing the value of Matterport's solutions in the airline industry.

Matterport, Inc. (Nasdaq: MTTR) will release its fiscal 2022 Q1 financial results on May 10, 2022, post-market close. A conference call hosted by management will follow at 1:30 PM PT (4:30 PM ET) to discuss the results, accessible via the provided dial-in number. Investors can find the financial results press release and live webcast at investors.matterport.com, with an audio replay available for a year. Matterport drives the digital transformation of built environments through its spatial data platform, making buildings more valuable and accessible.

Matterport, Inc. (Nasdaq: MTTR) highlights its collaboration with Atkinson McLeod, a London real estate group, showcasing a 50% reduction in property visits via digital twins. This innovation not only enhances property management efficiency but also doubles email marketing click-through rates. Furthermore, properties equipped with digital twins spend less time on the market, moving from listing to contract significantly faster. The introduction of Matterport Axis helps agents capture high-quality digital twins easily, further streamlining the sales process.