Matterport, Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported revenue was USD 43.79 million compared to USD 40.64 million a year ago. Net loss was USD 38.4 million compared to USD 44.75 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.15 a year ago.
For the nine months, revenue was USD 125.88 million compared to USD 118.2 million a year ago. Net loss was USD 216.12 million compared to USD 155.13 million a year ago. Basic loss per share from continuing operations was USD 0.68 compared to USD 0.52 a year ago.
Matterport, Inc. is a digitization and datafication company. The Companyâs 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.
