Matterport Inc Stock Price, News & Analysis

Matterport, Inc. (Nasdaq: MTTR) announces a partnership with Retail VR that has led to significant cost and time savings for retailers, including luxury brands. By creating digital twins of showrooms, Retail VR eliminated the need for travel, saving 1,200 tons of carbon emissions. This innovation allows buyers to engage with collection visuals remotely. Additionally, Lactalis International used Matterport's technology to streamline product merchandising, reducing meeting times and enhancing efficiency. This collaboration highlights Matterport's role in transforming retail through immersive digital experiences.

Matterport, Inc. (Nasdaq: MTTR) has announced the appointment of Ben Corser as the Managing Director of Asia-Pacific (APAC), aiming to boost its regional growth.

With over 25 years of industry experience, Corser is expected to leverage his background in strategic growth and technology partnerships to enhance Matterport's market presence. The APAC region, holding over half of the world's population and a significant number of the tallest buildings, represents a critical opportunity for the company's expansion in 3D digital twin technology.

Matterport, Inc. (Nasdaq: MTTR) has expanded its Capture Services On-Demand into five additional countries and 21 new cities, boosting its global presence. The new locations include France, Netherlands, Ireland, Canada, and Singapore, bringing total availability to seven countries and 152 cities. This service allows trained technicians to create 3D digital twins of spaces, aiding businesses in optimizing their operations and design processes. Customer Canoa reported significant cost savings utilizing Matterport's services, highlighting the growing demand for digital transformation in the built world.

Matterport (Nasdaq: MTTR) is revolutionizing the event planning industry through its partnership with Allseated, leveraging digital twins and virtual reality technology. This collaboration has resulted in a 30% increase in sales for Allseated clients and improved operational efficiency by 60%, allowing event professionals to save significant time and costs. Matterport's immersive digital replicas enable venues to showcase spaces effectively, optimizing event planning and execution. The partnership aims to facilitate the ongoing shift to virtual and hybrid events, enhancing the overall attendee experience.

Matterport, Inc. (Nasdaq: MTTR) announced the redemption of all its publicly held warrants, resulting in the issuance of approximately 9.1 million shares of Class A common stock. This redemption, effective January 14, 2022, generated about $104.3 million in proceeds. All unexercised warrants were redeemed at a nominal price of $0.01. The company emphasized that this process has simplified its capital structure, leaving only 1.7 million total outstanding warrants. Matterport is a leader in the spatial data industry, transforming buildings into digital twins to enhance value across their lifecycles.

Matterport, Inc. (Nasdaq: MTTR) has appointed Rob Hines as Managing Director, Americas, to enhance sales and drive revenue growth across the region. Hines, with over 20 years of experience from Block.one, Oracle, and salesforce.com, is set to leverage his expertise in technology sales to meet the company's ambitious growth targets. His leadership aims to support Matterport's innovative product offerings and capture a significant addressable market, contributing to the digital transformation of the built world.

Matterport, Inc. (Nasdaq: MTTR) has completed its acquisition of Enview, Inc., enhancing its spatial data platform with advanced AI capabilities for 3D spatial data analytics. The acquisition involves 1.59 million shares of Matterport’s common stock and $35.5 million in cash. Enview's technology assists in various applications, including infrastructure protection and property analytics, aligning with Matterport's strategy to unlock the potential of spatial data. This integration is expected to improve building analysis, automated inspections, and overall operational efficiency.

Matterport, Inc. (Nasdaq: MTTR) has appointed Peter Presunka as its new Chief Accounting Officer, effective December 23, 2021. Presunka will manage the company's financial reporting, technical accounting, tax, and internal controls. His extensive experience spans over 30 years in accounting and technical services, with prior roles at SOAProjects, Lumileds LLC., KLA-Tencor, and TE Connectivity. CFO JD Fay highlighted Presunka's pre-existing technical collaboration with Matterport, emphasizing its alignment with the company’s growth strategy and upcoming product launches.

Matterport, Inc. (MTTR) is transforming retail experiences by enabling retailers to create immersive digital showrooms. Utilizing its Capture Services, Pro2 cameras, and smartphone app, retailers can design virtual spaces that enhance shoppable experiences and streamline operations. Notable examples include Harrods, which developed a virtual showroom to continue engaging customers despite travel restrictions, and Openhaus, a platform allowing consumers to shop directly from influencer homes. As digital transformation accelerates in retail, Matterport's technology provides innovative solutions to attract and retain customers.