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 ...

Matterport, Inc. (NASDAQ:MTTR) Q4 2023 Results Conference Call February 20, 2024 4:30 PM ET Company Participants Mike Knapp - Vice President of Investor Relations RJ Pittman - Chairman and Chief Executive Officer JD Fay - Chief Financial Officer Conference Call Participants Yun Kim - Loop Capital Markets Chris Quintero - Morgan Stanley Bhavin Shah - Deutsche Bank Hannah Rudolph - Piper Sandler and Company Arsenije Matovic - Wolfe Research Operator Good afternoon, and welcome to the Matterport Fiscal 2023 Fo ...

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 ...

SUNNYVALE, Calif., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), the leading digital twin platform to access, understand, and utilize properties, announced an agreement with Visiting Media, a global leader in immersive sales enablement and channel distribution solutions for the hospitality sector. Visiting Media serves tens of millions of users around the globe, supporting the world's largest hospitality brands including Hilton, Hyatt, IHG Hotels and Resorts and more. With this new agree ...

SUNNYVALE, Calif., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), the leading digital twin platform to access, understand and utilize properties, announced a partnership with Arcadus, a leading reseller of digital transformation products and services for the public sector, to offer the Matterport Digital Twin Platform to its customers in the United States. Arcadus is a leading value-added reseller of 3D, spatial data and related digital twin services, helping organizations advance their o ...

SUNNYVALE, Calif, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR) partner, VRPM, a leading visualization and virtual staging platform, demonstrated how Matterport's Digital Twin Platform is being applied to virtual staging for interior design in the commercial real estate sector. VRPM is one of the leading virtual staging platforms in the UK, which with Matterport's technology has scanned over 15,000 properties. As the impact of the COVID-19 pandemic reshaped the business landscape, VRPM ex ...

SUNNYVALE, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), announced new high density scanning capabilities for Matterport's revolutionary 3D camera, Pro3. Available now in beta, high density scanning makes as-built modeling with Matterport even easier, helping streamline workflows, minimize errors, and accelerate project timelines. This continues to widen Matterport's lead as the best price for performance solution for outstanding imagery and high fidelity digital twin reconstruct ...