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Matterport Going PublicNewsStatistics

Matterport Statistics>250,000 Subscribers; $85.9 million in Revenue: up 87%14171

WGAN Forum
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DanSmigrod private msg quote post Address this user
Hi All,

Matterport announced today (8 February 2021):

✓ 250,000 Subscribers in 150 Countries
✓ total enterprise value of approximately $2.3 billion
✓ total equity value of approximately $2.9 billion [Value of the deal]
✓ created the largest spatial data library in the world, with more than 10 billion square feet of space
Millions of buildings in more than 150 countries have been digitized
✓ grew its subscriber base by more than 500% in 2020.
✓ Total revenue in 2020 was $85.9 million, up 87% year-over-year.
✓ subscriber lifetime value-to-customer acquisition cost ratio was up 4.7x in 2020 to an impressive 11.7
✓ $345 million in cash held in Gores Holdings VI's trust account
✓ $295 million in PIPE proceeds, net of transaction expenses, will be used to support continued growth of the combined company's business across key verticals.

Plus, statistics found elsewhere about Matterport Going Public:

✓ "The deal with Gores Holdings VI Inc is expected to provide $640 million in proceeds to Matterport, including a private investment of $295 million from investors Tiger Global Management, Dragoneer Investment Group and Fidelity Management & Research Co." Source: Reuters | 8 February 2021

Your thoughts?

Dan
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pixelray private msg quote post Address this user
Do you think they will give MSP's shares or offer to us at IPO price? Do you think they should? I mean, it's partly because of us that those revenues are doing so well!
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MeshImages private msg quote post Address this user
Impressive numbers and happy investors.

But I don't get this valutation. 27 times revenue?
Post 3 IP   flag post
WGAN Forum
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WGAN-TV Podcast
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Atlanta, Georgia
DanSmigrod private msg quote post Address this user
@pixelray @MeshImages

Please see:

Question of the Day: How will Matterport going public affect MSPs like You?

Dan
Post 4 IP   flag post
WGAN Forum
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WGAN-TV Podcast
Host
Atlanta, Georgia
DanSmigrod private msg quote post Address this user
Hi All,

More Matterport statistics from the proposed deal here:

✓ Seeking Alpha (8 February 2021) Matterport to be listed through Gores SPAC business combination

Dan
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WGAN Forum
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WGAN-TV Podcast
Host
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DanSmigrod private msg quote post Address this user
"In 2020, Matterport expects it will have generated $86 million in revenue, up from $46 million the year prior. The company projects steady year-over-year revenue growth reaching $747 million in 2025," reports Inman (8 February 2021)


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WGAN Forum
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WGAN-TV Podcast
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DanSmigrod private msg quote post Address this user

Screen grab from Matterport Fact Sheet for use in Matterport Going Public

Hi All,

Wondering how a pandemic can affect a business model?

Matterport has 250,000 subscribers (SaaS) at the end of December 2020. In 2018, 14,000 subscribers and in 2019, 14,000 subscribers. That's an 18 time growth rate in just three years.

Your thoughts?

Dan
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