Question of the Day: Have you/will you buy stock in Matterport (MTTR)?14189
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| Zacks Equity Research (6 May 2022) Is a Beat in the Cards for Matterport (MTTR) in Q1 Earnings? |
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| Video: Matterport! Start of May 2022! All the Latest with Matter Stock! MTTR! | Video courtesy of No Bull Investing YouTube Channel | 7 May 2022 | ||
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 Screen Grab Google Finance for Matterport Inc (MTTR) as of 4:43 pm ET Monday, 9 May 2022 --- Wow! Matterport is down more than 63 percent from its high. Matterport closed at $4.17 after trading at $4.16 earlier in the day. --- Matterport will announce its 2022 First Quarter Results at 4:30 pm EDT Tuesday, May 10, 2022. (Listen to Matterport Management) Dan |
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| May 10, 2022 Matterport 1Q2022 Financial Results with Stronger-than-Expected Revenue Matterport, Inc. Fiscal 2022 First Quarter Results Conference Call (recorded) (Tuesday, 10 May 2022) --- Matterport Media Release ---  Source: Matterport via Globe Newswire ----- Matterport First Quarter 2022 Earnings Deck | 10 May 2022 ----- Video: Matterport Announces First Quarter 2022 Financial Results with Stronger-than-Expected Revenue | Video courtesy of www.WGAN-TV.com WGAN Forum Podcast #99 Matterport Announces First Quarter 2022 Financial Results with Stronger-than-Expected Revenue 1. Total subscribers increased 70% to 562,000 from year-ago period 2. Subscription revenue rose 24% year-over-year 3. Q1 GAAP diluted earnings per share of $0.23, Non-GAAP loss per share of $0.10 4. Company reaffirms prior guidance for the full year 5. Balance sheet remains strong with $600 million cash and investments and no debt SUNNYVALE, California, Tuesday, May 10, 2022 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended March 31, 2022. “We are pleased to report another strong quarter, increasing our subscriber count by 70% to 562,000 subscribers for the period. We expanded Spaces Under Management by 49% to 7.3 million spaces — that’s 7.3 million Matterport digital twins of homes, offices, factories, hotels, and so much more,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport. “Real property is the largest asset class in the world, now valued at an estimated $327 trillion, reflecting a $100 trillion increase in value in recent years as more than 15,000 new buildings are completed every day. Matterport is leading the industry with over 7 million digital twins, and we’re creating thousands more each day, while 99% of the world's buildings have yet to be digitized. This enormous market opportunity is expanding, and we remain focused on efficiently scaling Matterport’s business to meet the rising global demand for software-driven property management.” “In addition to strong adoption, we are excited to report our total revenue for the first quarter of 2022 was $28.5 million, $1 million above the high end of our guidance range. In addition, Non-GAAP loss per share of 10 cents for the quarter was three cents better than the top end of our guidance range,” said JD Fay, Chief Financial Officer of Matterport. “One of our key strategic levers is subscription revenue, which increased by 24% year-over-year, comprising over 60% of total revenue for the quarter, and which continues to provide high and stable gross margins. Today, we are re-affirming our prior 2022 revenue and EPS guidance. With $600 million of cash on our balance sheet, we have the financial strength to navigate the macro environment and comfortably achieve our long term business plan,” he added. First Quarter 2022 Financial Highlights 1. Total revenue was $28.5 million, up 6% compared to first quarter of 2021 2. Subscription revenue was $17.1 million, up 24% compared to first quarter of 2021 3. Annualized Recurring Revenue (ARR) of $68.6 million 4. Total subscribers increased to 562,000, up 70% compared to first quarter of 2021 5. Spaces Under Management (SUM) grew to 7.3 million, up 49% compared to first quarter of 2021 Recent Business Highlights 1. Matterport Axis™, a motorized mount for smartphones, is now available for purchase. Matterport Axis, which holds either an iOS or Android device, and can be used with the Matterport Capture app, creates 3D digital twins of any physical space with increased speed, precision, and consistency 2. Announced Midland Holdings, one of the largest residential real estate brokerages in the Greater China region, will become the first brokerage in the region to use Matterport digital twins to create virtual 3D experiences for its entire portfolio of properties 3. Expanded its presence in the Brazilian market via two strategic partners, Guandalini Posicionamento and PARS, to offer Matterport's spatial data platform to their enterprise customers in the architecture, engineering, and construction (AEC) markets. 4. Announced and completed the acquisition of Enview, Inc., a pioneer in the scalable, artificial intelligence (AI) for 3D spatial data 5. Announced the redemption of public warrants, resulting in approximately $104 million in cash proceeds from the warrants prior to redemption 6. Launched social impact program to support nonprofits and public education institutions by enabling equitable access to 3D spaces 7. Won two Comparably Awards, including Best Company Outlook among small/mid-sized companies and Best Places to Work in the San Francisco Bay Area 8. Strengthened Matterport’s executive team through the addition of the following executives: -- Tom Klein, Chief Marketing Officer -- Deepti Illa, Vice President, Global Integrated Marketing -- Ali Jayson, Vice President, Product Marketing -- Florence Shaffer, Vice President, Strategy & Operations, Chief of Staff to CEO -- Ben Corser, Managing Director, Asia Pacific -- Rob Hines, Managing Director, Americas  Source: Matterport Non-GAAP Financial Information Matterport has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). We believe that the presentation of non-GAAP financial information provides important supplemental information to management and investors regarding financial and business trends relating to Matterport’s financial condition and results of operations. The presentation of these non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with GAAP. For further information regarding these non-GAAP measures, including the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, please refer to the financial tables below. Non-GAAP Net Loss and Non-GAAP Net Loss Per Share, Basic and Diluted. Matterport defines non-GAAP net loss as net income (loss), adjusted to exclude stock-based compensation expense, fair value change of warrants liabilities, fair value change of earn-out liabilities, payroll tax related to contingent earn-out share issuance, acquisition transaction costs, and amortization of acquired intangible assets, in order to provide investors and management with greater visibility to the underlying performance of Matterport’s recurring core business operations. In order to calculate non-GAAP net loss per share, basic and diluted, Matterport uses a non-GAAP weighted-average share count. Matterport defines non-GAAP weighted-average shares used to compute non-GAAP net loss per share, basic and diluted, as GAAP weighted average shares used to compute net income (loss) per share attributable to common stockholders, basic, adjusted to reflect the shares of Matterport’s Class A common stock exchanged for the previously issued and outstanding shares of redeemable convertible preferred stock and common stock warrants of Matterport, Inc. (now known as Matterport Operating, LLC) in connection with the recently completed merger, that are outstanding as of the end of the period as if they were outstanding as of the beginning of the period for comparability, and the potentially dilutive effect of the Company’s employee equity incentive plan awards. Conference Call Information Matterport will host a conference call for analysts and investors to discuss its financial results for the first quarter of fiscal 2022 today at 1:30 p.m. Pacific time (4:30 p.m. Eastern time). A recorded webcast of the event will also be available following the call for one year on the Matterport’s Investor Relations website at investors.matterport.com. About Matterport Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our groundbreaking spatial data platform turns buildings into data to make nearly every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at matterport.com and browse a gallery of digital twins. ©2022 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners. --- Source: Matterport via Globe Newswire |
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| Seeking Alpha (10 May 2022) Matterport surges as 3D software company sees strong subscriber growth Seeking Alpha (11 May 2022) Matterport: Don't Buy This Stock |
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| Video: Matterport! Q1 2022 Earnings! All the Latest with Matter Stock! MTTR! | Video courtesy of No Bull Investing YouTube Channel | 11 May 2022 | ||
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| Yahoo! Finance (12 May 2022) Results: Matterport, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates | ||
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| Seeking Alpha (15 May 2022) Matterport: Creator Of Digital Worlds Faces A New Reality | ||
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 WGAN FanClub Member Buffalo, New York |
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| I'm now an owner! Couldn't pass up a sub $5 stock with lots of upside. We'll see | ||
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| Seeking Alpha (16 May 2022) Matterport Stock: Real Estate's Digital Future Is Here, And It Is Shockingly Cheap Benzinga (16 May 2022) Analyzing Matterport's Short Interest Quote: Originally Posted by @GETMYVR Please remember me when you are rich and famous from your Matterport stock purchase!  Dan |
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| Defense World (24 May 2022) Jason Krikorian Sells 760,500 Shares of Matterport, Inc. (NASDAQ:MTTR) Stock | ||
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| Nailed it! Quote: Originally Posted by DanSmigrod |
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Quote:Originally Posted by @Expertise Yes. An insightful analysis. Dan |
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| Video: Matterport! Late May 2022! All the Latest with Matter Stock! MTTR! | Video courtesy of No Bull Investing YouTube Channel | 26 May 2022 | ||
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| Defense World (2 June 2022) Matterport, Inc. (NASDAQ:MTTR) Receives Average Rating of “Buy” from Brokerages | ||
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| Video: HUGE NEWS! MUST WATCH IF YOU'RE BUYING MATTERPORT STOCK! | MATTERPORT MTTR STOCK ANALYSIS | video courtesy of Snowball Investment YouTube Channel | 6 June 2022 | ||
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| Seeking Alpha (7 June 2022) Matterport shares drop 10% on heavy trading volume -- InvestorsObserver (7 June 2022) Does Matterport Inc (MTTR) Have What it Takes to be in Your Portfolio Tuesday? |
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 Source: Google | 3:03 pm ET Monday, 13 June 2022 Yahoo! Finance (Saturday, 11 June 2022)) Loss-making Matterport (NASDAQ:MTTR) sheds a further US$375m, taking total shareholder losses to 74% over 1 year InvestorsObserver (13 June 2022) Should You Add Matterport Inc (MTTR) Stock to Your Portfolio Monday? |
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 WGAN StandardMember Las Vegas |
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| Great price to encourage a hostile take over. | ||
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WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
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| @VTLV Quote: Originally Posted by VTLV Please see my analysis and commentary: => Will Matterport be Acquired by Hexagon? Dan |
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| Video: Cramer's lightning round: Matterport is not a buy | Video courtesy of CNBC Television YouTube Channel | 13 June 2022 CNBC (13 June 2022) Cramer’s lightning round: Matterport is not a buy |
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 WGAN FanClub Member Queensland, Australia |
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| It is always that "funny" with stocks. $4-5 was predictable even though I'd hope it would go there before going to $32 but dropping below $4 was not. However it does not mean it cannot go even lower. | ||
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| Matterport is still burning cash (after 10 years) in an environment with progressively rising interest rates. So, what´s the value of a company, that is burning cash? Burning cash, that costs you fresh money. For sure not 1.100.000.000 USD like the current market valuation of MTTR. Probably only 100.000.000 USD which is still a lot. Or the other question is: Can Matterport be profitable? Answer: Probably not with the current business model. First fact is, that the current business model, which could be described as "Free processing in exchange for eternal lock-in to the platform" is burning cash. And second fact is, that this business model is not attracting enough paying clients to become profitable. Matterport still has huge potential, but not with this business model. It´s time for a change. |
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WGAN Fan Club Member Buffalo, New York |
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| It's funny, the stock market drops and then rises consistently. I remember when Pier 1 imports dropped to $1. And then went up to over $400. Expect a whole bunch of people to be scooping up these cheap stocks, and don't forget John Paul Getty was once asked what the stock market will do next. He said it will fluctuate. |
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| The Motley Fool (9 June 2022) Did Apple Just Put a Nail in Matterport's Coffin? This article (above) summary by @JasperAI My AI Writing Assistant: Apple's RoomPlan feature, while rudimentary compared to Matterport's platform, could pose a serious threat to the company's business. RoomPlan uses an iPhone's camera and LiDAR to map spaces in 3D, which could make it a more viable option for many businesses than Matterport's platform. |
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| Seeking Alpha (15 June 2022) Matterport: Huge Opportunities Ahead | Matterport is now down over 80% from its all-time-high after the massive metaverse pump last year. | ||
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| Simply Wall St (12 June 2022) The Chief Financial Officer of Matterport, Inc. (NASDAQ:MTTR), James Fay, Just Sold 36% Of Their Holding We wouldn't blame Matterport, Inc. (NASDAQ:MTTR) shareholders if they were a little worried about the fact that James Fay, the Chief Financial Officer recently netted about US$1.5m selling shares at an average price of US$5.07. That sale reduced their total holding by 36% which is hardly insignificant, but far from the worst we've seen. Source: Simply Wall St -- Here is a summary of this news story by @JasperAI My AI Writing Assistant: The article discusses James Fay, the Chief Financial Officer of Matterport, Inc., selling 36% of their holdings. While this may be cause for concern to some shareholders, James Fay sold the shares at an average price of US$5.07 which is well above the current share price of US$4.19. Additionally, insiders within Matterport have bought and sold shares in the last year, with James Fay selling 300.00k shares worth US$1.5m. |
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| InvestorsObserver (15 June 2022) Matterport Inc (MTTR) Stock Falls -20.20% This Week; Should You Buy? | ||
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| Seeking Alpha (15 June 2022) Matterport: Huge Opportunities Ahead | ||
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| Current market capitalization is at 1.100.000.000 but as I can read here, that Matterport’s “cash in hand amounted to $600 million with no debt.” This is good. I did not know this. | ||
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