Group 1 - Matterport's Chairman and CEO, RJ Pittman, has been recognized as one of the most innovative and influential leaders in the real estate industry for the third consecutive year by the Inman Power Players awards [1][2] - The Inman Power Players awards highlight executives who are driving growth and innovation in the real estate sector, including advancements in residential markets and proptech [2] - Under Pittman's leadership, Matterport has transformed property transactions through its digital twin technology, which creates interactive 3D models of real-world spaces [3] Group 2 - The introduction of Property Intelligence, powered by advanced AI, allows users to access critical data points such as square footage and room dimensions, enhancing transparency in the property lifecycle [3] - Recent advancements, including the 2024 Winter and Fall Releases, feature tools like defurnish, auto-measurements, and AI-driven property descriptions, further establishing Matterport as a leader in real estate innovation [4] - Matterport's spatial data platform has transformed millions of buildings in over 177 countries into digital twins, improving various aspects of the building lifecycle from planning to marketing [6]

Core Insights - Matterport, Inc. has revealed its Top 5 Most Viewed Spaces of 2024, showcasing the popularity of its digital twin technology and immersive virtual experiences [4][12] Group 1: Most Viewed Spaces - The No. 1 spot features a 3D tour of a Korea Train eXpress bullet railcar, attracting nearly 1.5 million virtual views this year, highlighting Matterport's capability in providing high-definition 360-degree views for public transportation [1] - The No. 2 space is the home stadium of the Yomiuri Giants, a Japanese baseball team, which gained significant attention from Matterport users in 2024 [2] - The No. 3 spot includes an interior stateroom on the Royal Caribbean's Navigator of the Seas, allowing vacationers to preview amenities and optimize packing [3] - The No. 4 space is Jerry's apartment from the sitcom "Seinfeld," which has become a popular walkthrough for TV fans [6] - The No. 5 space features the Eastern Cemetery of Giza in Egypt, where users explored the Tomb of Queen Meresankh III, located near the Great Pyramid [14] Group 2: Company Innovations and Growth - Matterport's platform enhances access to ancient sites for those unable to travel, exemplified by the digital twin of Kirkstall Abbey in England [7] - The company has introduced new features such as Merge, which allows users to combine large or intricate spaces into a single digital twin, and plugins to improve the 3D browsing experience [9][15] - 2024 marked a year of record-breaking growth for Matterport, emphasizing the increasing demand for its digital twin technology and innovative solutions [15]

Core Insights - Matterport, Inc. has revealed its Top 5 Most Viewed Spaces of 2024, showcasing the popularity of its digital twin technology and immersive virtual experiences [11][16] Group 1: Most Viewed Spaces - The number one spot is held by a 3D tour of a Korea Train eXpress bullet railcar, which garnered nearly 1.5 million virtual views, highlighting Matterport's capability in providing high-definition 360-degree views for public transportation [5] - The second most viewed space is the home stadium of the Yomiuri Giants, a Japanese baseball team, which attracted significant user engagement [1] - The third spot features Jerry's apartment from the sitcom "Seinfeld," indicating a strong interest in pop culture locations [6] - The fourth position is taken by an interior stateroom on the Royal Caribbean's Navigator of the Seas, appealing to vacationers looking to preview amenities [17] - The fifth most viewed space is the Eastern Cemetery of Giza in Egypt, allowing users to explore the Tomb of Queen Meresankh III [13] Group 2: Technological Advancements - Matterport's recent releases emphasize automated property intelligence and innovative ways to digitally reimagine spaces, reflecting the company's commitment to digital transformation [3][14] - New features include automatically generated room labels and dimensions, property reports, and the ability to defurnish spaces for reimagining [7] - The platform's expansion into various sectors, including transportation and entertainment, demonstrates its versatility and growing market presence [8][12] Group 3: Company Growth and Future Outlook - 2024 marked a year of record-breaking growth for Matterport, driven by increasing demand for its digital twin technology [18] - The company aims to redefine the possibilities within the built environment, transforming millions of buildings into immersive digital twins across 177 countries [14] - CEO RJ Pittman highlighted the year as a testament to innovation and the community's support, with expectations for continued growth in 2025 [16]

Core Insights - Matterport, Inc. has achieved AWS Manufacturing and Industrial Competency and AWS Energy Competency status, highlighting its expertise in leveraging AWS cloud technology for industrial operations and sustainability [1][7][8] AWS Manufacturing and Industrial Competency - The Manufacturing and Industrial Competency designation recognizes Matterport for its proficiency in providing end-to-end industrial manufacturing software solutions [2][4] - As manufacturing customers transition to the cloud, they seek cloud experts with manufacturing experience to enhance their operational capabilities [3] - Matterport's solutions include advanced 3D model creation, smart manufacturing practices, and integration with AWS IoT TwinMaker for improved data visualization [5][9] AWS Energy Competency - The Energy Competency designation acknowledges Matterport's expertise in helping customers transform complex systems and accelerate the transition to sustainable energy [7][8] - Matterport's platform enables advanced energy analytics, assisting facility managers in identifying areas for improvement and reducing energy consumption [7][8] Benefits of Matterport's Solutions - Matterport's digital twins enhance operational efficiency, reduce carbon footprints, and improve safety through virtual training tools [10][9] - The technology allows for remote monitoring and predictive maintenance, facilitating better management of building systems and equipment [9][10] Additional Recognitions - Matterport has also received IoT Competency Partner Status for excellence in data acquisition and management [11] - The company's digital twin technology is available through private offers in the AWS Marketplace, simplifying procurement and enhancing operational efficiency [12] Upcoming Events - Matterport will participate in AWS re:Invent from December 2–6, 2024, showcasing its AI-powered digital twin platform [13] Company Overview - Matterport, Inc. is a leader in the digital transformation of the built world, with millions of buildings transformed into immersive digital twins across over 177 countries [14]

Core Insights - Matterport, Inc. has launched a new suite of tools leveraging generative AI to enhance property design, construction, and marketing processes [1][2] New Tools for Real Estate Agents - The Fall 2024 Release includes an AI-powered defurnish tool that allows users to remove clutter from property listings with a single click, helping potential buyers visualize the space better [3][4] - An AI-driven property description tool generates detailed and engaging descriptions quickly, tailored to different styles and tones, saving significant time for brokers and marketers [5] New Tools for Property Managers, Contractors, and Designers - The Merge tool enables users to combine multiple digital twins into a cohesive 3D model, facilitating the management of large-scale projects like hotels and high-rise buildings [6] - Field Tags allow for real-time documentation of observations during the scanning process, improving efficiency and accuracy in project management [7] - One-click bill-back processing simplifies invoicing and cost allocation for enterprise customers, reducing administrative burdens and allowing teams to focus on core tasks [8] Company Overview - Matterport, Inc. is at the forefront of digital transformation in the built environment, with its platform converting buildings into data to enhance their value and accessibility [9]

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has Matterport, Inc. (MTTR) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question. Matterport, Inc. is one of 317 individual stocks in the Business Services sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank gauges ...

BOSTON, Aug. 22, 2024 /PRNewswire/ -- This press release concerns Matterport (NASDAQ: MTTR) and valuable claims which some of its past and present shareholders may have against Matterport. In July 2021, Matterport's predecessor, Legacy Matterport, became a public corporation via a business combination transaction with a SPAC. That business combination transaction entitled the shareholders of Legacy Matterport to receive public shares of the new publicly traded Matterport. If you were a shareholder of the pr ...

Matterport, Inc. (MTTR) came out with a quarterly loss of $0.02 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post a loss of $0.03 per share when it actually produced a loss of $0.01, delivering a surprise of 66.67%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Matterport, which belongs to the Zacks ...

Core Insights - Matterport, Inc. reported a record Annualized Recurring Revenue (ARR) of $96.6 million, reflecting a 16% year-over-year increase [1][4] - The company achieved a 64% year-over-year improvement in cash used in operating activities for the first half of 2024, totaling $11.8 million [1][4] - Total subscribers reached 1.06 million, marking a 28% increase year-over-year [1][4] - Square feet under management grew to 44.0 billion, up 33% from the previous year [1][4] Financial Performance - Subscription revenue for Q2 2024 was $24.2 million, a 16% increase year-over-year, now constituting over 57% of total revenue [2][4] - Total revenue for Q2 2024 was $42.2 million, compared to $39.6 million in Q2 2023 [4][16] - Non-GAAP net loss per share improved to $0.02, a 71% year-over-year improvement, while GAAP net loss per share was $0.45 [4][19] - The company reported a net loss of $141.6 million for Q2 2024, compared to a net loss of $56.5 million in Q2 2023 [16][19] Business Developments - Matterport announced its acquisition by CoStar Group, valued at approximately $2.1 billion, with stockholders receiving $2.75 in cash and $2.75 in CoStar Group shares for each Matterport share [5][7] - The company launched avoided emissions reporting for enterprise customers, highlighting the environmental benefits of using its digital twin platform [5] - Partnerships were established with Crunch Fitness and BMO, enhancing brand consistency and operational efficiency through Matterport's digital twin technology [5][6] Strategic Initiatives - The company is focusing on product innovation, including the AI initiative Project Genesis and spatial data-driven efforts like Property Intelligence [2] - Matterport achieved AWS IoT Competency status, emphasizing its role in IoT technologies and cloud transformation [5] - The company is actively developing its digital twin technology to drive customer adoption and redefine the built world [2][5]

Core Viewpoint - Matterport, Inc. has released its third Environmental, Social, and Governance (ESG) Report, setting ambitious targets for reducing emissions and promoting gender equality in the workplace [1][2]. Group 1: ESG Commitments - The new ESG report outlines Matterport's commitment to achieving net-zero emissions by 2050 [2]. - The company aims to transition to recyclable or renewable packaging for all Pro3 cameras by 2025 [2]. - Matterport plans to reduce Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 20% by 2030 [2]. - The company is committed to achieving gender parity among all full-time employees by 2030 [2]. Group 2: Impact of Digital Twins - Matterport's digital twin technology has helped over one million subscribers reduce their carbon emissions by minimizing travel to more than 12 million digitized spaces across 178 countries [2]. - Each Matterport digital twin creator avoids an estimated average of 0.55 tonnes of CO2 equivalent (tCO2e) emissions per year [3]. - On a life-cycle basis, each digital twin can prevent approximately 0.15 tCO2e emissions, which is equivalent to driving a personal car for about 451 miles [3]. Group 3: Carbon Emissions Reporting - Matterport has partnered with a carbon accounting firm to develop avoided emissions reporting for enterprise-level customers, providing insights into carbon savings from using its platform [4]. - These reports quantify emissions avoided by opting for virtual experiences over onsite tasks, considering factors like the number of digital spaces created and geographic location [4]. - The carbon emissions avoidance reports will be more widely available to customers in 2025 as the service scales up [5].