Sector: Technology | Industry: Software |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 352 East Java Drive SUNNYVALE CA 94089 |
Tel: | N/A |
Website: | https://matterport.com |
IR: | See website |
Key People | ||
R.J. Pittman Chairman of the Board, Chief Executive Officer | James Daniel Fay Chief Financial Officer | Japjit Tulsi Chief Technology Officer |
Peter Presunka Chief Accounting Officer | Jay Remley Chief Revenue Officer | Matthew Zinn Chief Legal Officer |
Business Overview |
Matterport, Inc. is a digitization and datafication company. The Company's technology platform uses spatial data collected from a variety of digital capture devices to transform physical buildings and spaces into dimensionally accurate, photorealistic digital twins that provide its subscribers access to valuable building information and insights. Its platform has set the standard for digitizing, accessing and managing buildings, spaces and places online. It has developed and scaled its three-dimensional (3D) reconstruction technology powered by Cortex, its artificial intelligence (AI)-driven software engine that uses machine learning to recreate a photorealistic, 3D virtual representation of an entire building structure, including contents, equipment and furnishings. Its offerings include software subscription, data licensing, services and product hardware. It has footprint across various end markets, including residential and commercial real estate, facilities management and others. |
Financial Overview |
For the fiscal year ended 31 December 2023, Matterport Inc revenues increased 16% to $157.7M. Net loss increased 79% to $199.1M. Revenues reflect United States segment increase of 22% to $100.2M, International segment increase of 6% to $57.6M. Higher net loss reflects Change in fair value of contingent earn- decrease from $136M (income) to $0K, Change in fair value of warrants liabili decrease of 98% to $513K (income). |
Employees: | 438 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $218.10M as of Dec 31, 2023 |
Annual revenue (TTM): | $157.75M as of Dec 31, 2023 |
EBITDA (TTM): | -$194.69M as of Dec 31, 2023 |
Net annual income (TTM): | -$199.08M as of Dec 31, 2023 |
Free cash flow (TTM): | -$68.62M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 310,907,105 as of Feb 20, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |