SUNNYVALE, Calif, March 06, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), and KnowHow, a leading software platform to onboard, skill up, and equip workforces in the restoration industry, announced a partnership to deliver comprehensive ‘just-in-time' online system training for Matterport's Digital Twin Platform to all KnowHow customers. On average, turnover rate in construction and restoration is roughly 21%, with employees 24 or younger as high as 64%.1 As restoration crews face ongoing turnover ...

AzmanJakaSummary In my previous coverage on Matterport (NASDAQ:MTTR), I recommended a hold rating as I wanted to wait for the real estate headwinds to be cleared before investing. My belief was that this headwind would turn into a growth tailwind as the economy recovered, which could drive valuations upward. Until then, I believed it was better to just monitor the business performance. This post is to provide an update on my thoughts on the business and stock. I am upgrading my rating from hold to buy a ...

SUNNYVALE, Calif., March 05, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), announced upgrades to the case and packaging of its signature Pro3 camera to set a new standard in functionality and sustainability for its 3D cameras. The updated carrying case design simplifies transportation of the camera, reduces packaging for more efficient shipping by channel partners, and lowers costs and environmental impact for distributing Pro3 cameras. "By acting on customer feedback, we've enhanced our products ...

Recognizing outstanding accomplishments across the residential real estate industry, the 2024 Inman Power Players list highlights leaders, executives, founders and innovators that are playing a key role in shaping the industry's future SUNNYVALE, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- RJ Pittman, CEO and Chairman of Matterport, Inc. (NASDAQ:MTTR) was named to Inman's Power Players class for the second consecutive year. Inman, one of real estate's leading sources of journalism, recognizes outstanding acco ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ____________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 001-39790 ____________________________ MATTERPORT, INC. (Exact n ...

Shares of Matterport (MTTR -16.93%) fell 17.3% on Wednesday after the spatial data platform company announced weaker-than-expected quarterly revenue and a disappointing forward outlook.Matterport's decent quarter left the market underwhelmedMatterport's fourth-quarter 2023 revenue declined 3.9% year over year to $39.5 million, technically within (but below the midpoint of) its guidance for a range of $39 million to $41 million. Most analysts were modeling revenue of exactly $40 million. On the bottom line, ...

Shares of Matterport (MTTR -16.93%) dropped 16.9% on Wednesday, following the digital-twin platform operator's release on the prior afternoon of its fourth-quarter 2023 report. The stock's decline is probably largely attributable to the quarter's revenue, along with first-quarter 2024 revenue guidance, missing Wall Street's expectations.The company fared better on the bottom line relative to analyst consensus estimates. The fourth quarter's adjusted earnings-per-share (EPS) result was in line with the Stree ...

In the stock markets, where major tech players typically capture investors’ attention, hidden-gem VR stocks lie in wait for discovery. The investment landscape has been evolving, and the growing interest in VR has caught the attention of savvy investors. In 2023, both the VR market and AI reached peak popularity, leading to multiple success stories across both domains.Moreover, according to Grand View Research, the global VR market reached a valuation of $59.96 billion in 2022, and projections indicate subs ...

SUNNYVALE, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), is today launching Property Intelligence, a collection of AI-powered features that provides customers with access to automated measurements, layouts, editing, and reporting capabilities generated from a Matterport digital twin of their property. The result of years of advancements in spatial data, computer vision, and deep learning, Property Intelligence unlocks information and data about a property that has never been so e ...

SUNNYVALE, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), the leading digital twin platform to access, understand and utilize properties, announced that Matterport CEO and Chairman, RJ Pittman, was named to Silicon Valley Business Journal's Power 100 List for 2024. In its second year, the Power 100 recognizes the business and cultural influencers who will have the biggest impact on Silicon Valley's future. This prestigious list goes beyond CEOs to reflect Silicon Valley's most pow ...