CSIMarket
 
Matterport Inc   (MTTR)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $1.7700 $-0.09 -4.839%
Day's High: $1.92 Week Perf: -9.69 %
Day's Low: $ 1.74 30 Day Perf: -26.25 %
Volume (M): 10,967 52 Wk High: $ 3.78
Volume (M$): $ 19,411 52 Wk Avg: $2.57
Open: $1.89 52 Wk Low: $1.74



 Market Capitalization (Millions $) 534
 Shares Outstanding (Millions) 302
 Employees 485
 Revenues (TTM) (Millions $) 157
 Net Income (TTM) (Millions $) -199
 Cash Flow (TTM) (Millions $) -34
 Capital Exp. (TTM) (Millions $) 10

Matterport Inc
Matterport is at the forefront of the built worlds digitalization and datafication. We think that the digital revolution of the built environment will radically alter how people engage with buildings and the physical locations they inhabit. Matterports pioneering technology has established the standard for digitizing, accessing, and controlling buildings, spaces, and places online since its inception in 2011. Innovative software, geographical data-driven data science, and 3D capture technologies on our platform have broken down the obstacles that have kept the worlds largest asset class, buildings and physical spaces, offline and underutilized for many years. We think that the built worlds digitalization and datafication will continue to unleash huge operational efficiencies and property values, and that Matterport is the platform to drive this massive global transformation.
As we continue to transform buildings into data worldwide, we are extending our spatial data platform to further transform property planning, development, management and intelligence for our subscribers across industries to become the de facto building and business intelligence engine for the built world. We believe the demand for spatial data and resulting insights for enterprises, businesses and institutions across industries, including real estate, architecture, engineering and construction ('AEC'), retail, insurance and government, will continue to grow rapidly.
We believe digitization and datafication represent a tremendous greenfield opportunity for growth across this massive category and asset class. From the early stages of design and development to marketing, operations, insurance and building repair and maintenance, our platform's software and technology provide subscribers critical tools and insights to drive cost savings, increase revenues and optimally manage their buildings and spaces. We believe that hundreds of billions of dollars in unrealized utilization and operating efficiencies in the built world can be unlocked through the power of our spatial data platform. Our platform and data solutions have universal applicability across industries and building categories, giving Matterport a significant advantage as we can address the entirety of this large market opportunity and increase the value of what we believe to be the largest asset class in the world.
Our technology platform uses spatial data collected from a wide variety of digital capture devices to transform physical buildings and spaces into dimensionally accurate, photorealistic digital twins that provide our subscribers access to previously unavailable building information and insights.
As a first mover in this massive market for nearly a decade, we have developed and scaled our industry-leading 3D reconstruction technology powered by Cortex, our proprietary AI-driven software engine that uses machine learning to recreate a photorealistic, 3D virtual representation of an entire building structure, including contents, equipment and furnishings. The finished product is a detailed and dynamic replication of the physical space that can be explored, analyzed and customized from a web browser on any device, including smartphones. The power to manage even large-scale commercial buildings is in the palm of each subscriber's hands, made possible by our advanced technology and breakthrough innovations across our entire spatial data technology stack.
Key elements of our spatial data platform include:
Bringing offline buildings online. Traditionally, our customers needed to conduct in-person site visits to understand and assess their buildings and spaces. While photographs and floor plans can be helpful, these forms of two-dimensional ('2D') representation have limited information and tend to be static and rigid, and thus lack the interactive element critical to a holistic understanding of each building and space. With the AI-powered capabilities of Cortex, our proprietary AI software, representation of physical objects is no longer confined to static 2D images and physical visits can be eliminated. Cortex helps to move the buildings and spaces from offline to online and makes them accessible to our customers in real-time and on demand from anywhere. After subscribers scan their buildings, our visualization algorithms accurately infer spatial positions and depths from flat, 2D imagery captured through the scans and transform them into high- fidelity and precise digital twin models. This creates a fully automated image processing pipeline to ensure that each digital twin is of professional grade image quality.
Driven by spatial data. We are a data-driven company. Each incremental capture of a space grows the richness and depth of our spatial data library. Spatial data represents the unique and idiosyncratic details that underlie and compose the buildings and spaces in the human- made environment. Cortex uses the breadth of the billions of data points we have accumulated over the years to improve the 3D accuracy of our digital twins. We help our subscribers pinpoint the height, location and other characteristics of objects in their digital twin. Our sophisticated algorithms also deliver significant commercial value to our subscribers by generating data-based insights that allow them to confidently make assessments and decisions about their properties. For instance, property developers can assess the amount of natural heat and daylight coming from specific windows, retailers can ensure each store layout is up to the same level of code and brand requirements, and factories can insure machinery layouts meet specifications and location guidelines. With approximately 6.7 million spaces under management as of December 31, 2021, our spatial data library is the clearinghouse for information about the built world.
Powered by AI and ML. Artificial intelligence and machine learning technologies effectively utilize spatial data to create a robust virtual experience that is dynamic, realistic, interactive, informative and permits multiple viewing angles. AI and ML also make costly cameras unnecessary for everyday scans'subscribers can now scan their spaces by simply tapping a button on their smartphones. As a result, Matterport is a device agnostic platform, helping us more rapidly scale and drive towards our mission of digitizing and indexing the built world.
Our value proposition to subscribers is designed to serve the entirety of the digital building lifecycle, from design and build to maintenance and operations, promotion, sale, lease, insure, repair, restore, secure and finance. As a result, we believe we are uniquely positioned to grow our revenue with our subscribers as we help them to discover opportunities to drive short- and long-term return on investment by taking their buildings and spaces from offline to online across their portfolios of properties.
Ubiquitous Capture
Matterport has become the standard for 3D space capture. Our technology platform empowers subscribers worldwide to quickly, easily and accurately digitize, customize and manage interactive and dimensionally accurate digital twins of their buildings and spaces.
The Matterport platform is designed to work with a wide range of LiDAR, spherical, 3D and 360 cameras, as well as smartphones, to suit the capture needs of all of our subscribers. This provides the flexibility to capture a space of any size, scale, and complexity, at anytime and anywhere.

Matterport Pro2 is our proprietary 3D camera that has been used to capture millions of spaces around the world with a high degree of fidelity, precision, speed and simplicity. Capable of capturing buildings more than 500,000 square feet in size, it has become the camera of choice for many residential, commercial, industrial and large-scale properties.

360 Cameras. Matterport supports a selection of 360 cameras available in the market. These affordable, pocket sized devices deliver precision captures with high fidelity and are appropriate for capturing smaller homes, condos, short-term rentals, apartments, and more. The spherical lens image capture technology of these devices gives Cortex robust, detailed image data to transform panoramas into our industry-leading digital twins.
LEICA BLK360. Through our partnership with Leica, our 3D reconstruction technology and our AI powered software engine, Cortex, transform this powerful LiDAR camera into an ultra-precise capture device for creating Matterport digital twins. It is the solution of choice for AEC professionals when exacting precision is required.
Smartphone Capture. Our capture apps are commercially available for both iOS and Android now. Matterport's smartphone capture solution has democratized 3D capture, making it easy and accessible for anyone to digitize buildings and spaces with a recent iPhone device since the initial introduction of Matterport for iPhone in May 2020. In April 2021, we announced the official release of the Android Capture app, giving Android users the ability to quickly and easily capture buildings and spaces in immersive 3D.


   Company Address: 352 East Java Drive, Sunnyvale 94089 CA
   Company Phone Number: 641-2241   Stock Exchange / Ticker: NASDAQ MTTR
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ORCL        0.2% 
PCOR   -1.48%    
• View Complete Report
   



Partnership

Matterport's Pro3 and Digital Twin Technology: Revamping Surveys, Sales, and Government Operations

Published Tue, Mar 12 2024 1:01 PM UTC

Revolutionizing Multiple Industries: Matterport's Pro3 and Digital Twin Technology in Home Extensions, Hospitality Marketing, and the US Public SectorIn an era where innovation is constantly shaping our world, Matterport, a leading 3D capture technology company, continues to make waves across industries with its Pro3 camera and Digital Twin technology. The company's partners...

Partnership

Empowering Restoration Experts and Students through Matterport's AI-Powered Digital Twin Solutions

Published Wed, Mar 6 2024 2:05 PM UTC

Reimagining Worker Training and Onboarding Through Matterport's Digital Twin SolutionsIn a groundbreaking partnership, Matterport, a leading provider of AI-driven digital twin technology, has joined forces with KnowHow to revolutionize worker training and onboarding in the restoration sector. Through KnowHow's extensive collection of detailed training solutions for Matterpor...

Product Service News

Matterport Enhances Real Estate Industry with Sustainable Solutions and AI-Powered Property Intelligence for Enhanced Customer Experiences

Published Tue, Mar 5 2024 2:01 PM UTC

Matterport, a leading spatial data and AI technology company, continues to push the boundaries of innovation with the launch of their latest offerings. The company aims to transform the real estate and property management landscape through advanced technology, sustainability, and immersive experiences.The introduction of an All-in-One Carry Case for the Pro3 Camera is a sign...

Matterport Inc

Matterport Inc Faces Challenges in Fourth Quarter, Reports Revenue Decline



The fourth quarter of 2023 was a challenging period for Matterport Inc, a leading digital twin platform company. The company reported a deficit due to deteriorating demand, with revenue sinking by -1.227% to $40.64 million. This was in stark contrast to the previous year's financial reporting period, where the company achieved a revenue gain. Furthermore, the shortfall per share increased to $-0.14, compared to the previous year's $0.00 per share. The decline in business is also relative to the overall Software & Programming industry, which experienced revenue growth during the same period.
Financial Performance:
Matterport Inc's income per share improved from $-0.15 per share in the preceding financial reporting period, while revenue grew by 1.852% from $39.90 million. This suggests some positive developments, but the overall trend points towards challenges for the company. The net shortfall in the fourth quarter of 2023 was $-43.945 million, an improvement from the deficit of $-60.350 million in the comparable period a year ago.

Product Service News

Transformative Impact of Digital Twins on Real Estate Explored by Matterport CEO RJ Pittman, Recognized as Inman 2024 Power Player

Published Tue, Feb 27 2024 2:01 PM UTC

Matterport, a leading company in the digital twin technology space, has made significant strides in the real estate industry under the leadership of its Chairman and CEO, RJ Pittman. Pittman's accomplishments have recently been acknowledged by Inman, as he was named a Power Player in their 2024 list, highlighting his role in shaping the future of the residential real estate...






 

Matterport Inc's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Matterport Inc does not provide revenue guidance.

Earnings Outlook
Matterport Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com