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Matterport Going PublicMTTRQuestion of the Day

Question of the Day: Have you/will you buy stock in Matterport (MTTR)?14189

WGAN
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Simply Wall Street (10 September 2022) Have Insiders Sold Matterport, Inc. (NASDAQ:MTTR) Shares Recently?

"We wouldn't blame Matterport, Inc. (NASDAQ:MTTR) shareholders if they were a little worried about the fact that Raymond Pittman, the Chairman & CEO recently netted about US$2.1m selling shares at an average price of US$4.27. That sale reduced their total holding by 23% which is hardly insignificant, but far from the worst we've seen."

Source: Simply Wall Street
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Las Vegas
VTLV private msg quote post Address this user
Bonus season is in a couple months. Maybe he can get some more shares to cash out instead of a bonus check for a company that's still unprofitable.


"RISK ANALYSIS
Earnings are forecast to decline by an average of 10.9% per year for the next 3 years

Currently unprofitable and not forecast to become profitable over the next 3 years

Significant insider selling over the past 3 months

Shareholders have been diluted in the past year"
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WGAN
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Atlanta, Georgia
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@VTLV

I was surprised to see Matterport RJ Pittman sell a good chuck of his Matterport stock at $4.27.

The AM Reporter (13 September 2022) Matterport, Inc. (NASDAQ:MTTR) Receives $10.83 Average PT from Analysts

NewsHeater (13 September 2022) Matterport Inc. (MTTR) and the Battle of Fundamentals vs. Technicals

Dan
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MZP News (11 September 2022) This is why Matterport Inc. (MTTR) Stock is one of the options for the Longer run
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WGAN
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MarketBeat (13 September 2022) Insider Selling: Matterport, Inc. (NASDAQ:MTTR) Director Sells 426,304 Shares of Stock
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WGAN
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MarketBeat (19 September 2022) Insider Transactions at Matterport
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WGAN
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Video: Matterport Matters Mandatory Motivation with the Master of the MetaVerse E31: Digital Twin #meta | Video courtesy The Master of the MetaVerse YouTube Channel | 22 September 2022
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WGAN
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The Motley Fool (25 September 2022) Better Buy: GoPro vs. Matterport
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Berlin
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“Matterport said it served 616,000 "subscribers" in its latest quarter, but 554,000 of those subscribers were still using its free plan, which grants remote access to a single digital twin. It only generated revenue from the 62,000 subscribers that paid for the storage of additional digital models.”

I know many Matterporters, who have multiple accounts on the new plan. Taking this into account, there is maybe only 20,000 individual subscribers. And hosting of millions of (inactive) models for free does not sound like a good business plan to me.

The current business model lacks logic and scalability. Hosting fees are much too high and scare off customers to make the decision to build on Matterport. The company would be in a much better position with the old classic plan business model. Maybe with less paying subscribers, but with much better business data and business perspectives.
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