Matterport(MTTR) - 2024 Q2 - Quarterly Results

Exhibit 99.1 Matterport Announces Second Quarter 2024 Financial Results • Annualized Recurring Revenue hits record $96.6 million, up 16% year-over-year • Cash used in operating activities for the first half of 2024 improved 64% year-over-year • Total subscribers grew to 1.06 million, up 28% year-over-year • Square feet under management reached 44.0 billion, up 33% from prior year SUNNYVALE, Calif. — August 6, 2024 — Matterport, Inc. (Nasdaq: MTTR) ("Matterport" or the "Company"), the leading spatial data co ...