Matterport, Inc. (MTTR) Reports Q4 Loss, Tops Revenue Estimates

Core Insights - Matterport, Inc. reported a quarterly loss of $0.02 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.01, marking an earnings surprise of -100% [1] - The company generated revenues of $43.82 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 2.52% and showing an increase from $39.55 million year-over-year [2] - Matterport's stock has increased by approximately 13.9% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is breakeven on revenues of $43.39 million, while for the current fiscal year, it is $0.02 on revenues of $183.4 million [7] - The estimate revisions trend for Matterport is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Technology Services industry, to which Matterport belongs, is currently ranked in the top 28% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, Viant Technology, is expected to report quarterly earnings of $0.23 per share, reflecting a year-over-year increase of 64.3% [9]