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Matterport Going PublicMTTRQuestion of the Day

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

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Video: Matterport Announces Second Quarter 2023 Financial Results | Video courtesy of WGAN-TV YouTube Channel | Tuesday, 8 August 2023

WGAN Forum Podcast | Episode #215

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Matterport Deck | Second Quarter 2023 Financial Results | August 8, 2023
====================================================================================

Matterport Announces Second Quarter 2023 Financial Results

1. Q2 total revenue of $39.6 million, up 39% year-over-year, at high end of guidance range
2. Q2 subscription revenue reached record $20.9 million, at high end of guidance range
3. Q2 GAAP loss per share of $0.19 and Non-GAAP loss per share of $0.07, at high end of guidance range
4. Company raises 2023 Non-GAAP loss per share guidance
5. Accelerates operational cash flow profitability target to 2024
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Video: Is Matterport Stock a Buy Now? | Video courtesy of Asymmetric Investing by ... | 17 August 2023

The Motley Fool (17 August 2023) Is Matterport Stock a Buy Now?
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GuruFocus.com (21 August 2023) Investing in the Immersive Future With Matterport and NetEase
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Simply Wall Street (20 August 2023) Independent Director of Matterport Peter Hébert Buys 22% More Shares
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Seeking Alpha (19 August 2023) Matterport: Growth Remains Strong And Profitability Is The Key Upside Catalyst
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Video: 3 Predictions for Matterport Stock | Video courtesy of Asymmetric Investing by YouTube Channel | 20 September 2023
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BestStocks.com (2 October 2023) Increased Holdings in Matterport, Inc. by Exchange Traded Concepts LLC Signals Confidence in Company’s Potential Growth
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InvestorPlace (10/6/23), The 7 Most Undervalued Penny Stocks to Buy in October 2023

Didn't see this thread until posting and then searching.
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Quote:
Originally Posted by 3DPhoto
Anyone else have Matterport stock? Revenue and growth have been steady and losses have narrowed. Are you concerned about the plunge, the company or the industry? Please keep comments specific to the market.


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Quote:
Originally Posted by 3DPhoto
InvestorPlace 10/6/23, The 7 Most Undervalued Penny Stocks to Buy in October 2023: https://investorplace.com/2023/10/the-7-most-undervalued-penny-stocks-to-buy-in-october-2023/

"Many readers will recall Matterport (NASDAQ:MTTR) as a highly popular metaverse stock that got very hot, very quickly...

Its revenue trajectory overall and in relation to subscriptions has been steady and impressive. It is expected to reach as high as $159 million in sales this year. That equates to 36% compound annual growth between 2019 and 2023. Losses continue narrowing...

Big tech will continue to introduce VR/AR products moving forward and investors are going to look at the metaverse again soon."
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Illustration by DALL-E (V3) | Prompt: Illustration of a dramatic roller coaster track against a backdrop of a cloudy sky. At its peak, there's a sign displaying 'MTTR $2.00'. The roller coaster car is captured at the bottom of a sharp plunge, adjacent to another sign reading 'MTTR $2.00'. The passengers in the coaster, including a Caucasian woman, an Asian teenager, and an African-American man, all have their arms raised high in excitement but with evident fear on their faces.


Source: Yahoo Finance | Market Close - 4 pm ET Friday, 20 October 2023

Matterport Stock (MTTR) Closes at new low: $2.00 from $27.86

Hi All,

How low can Matterport stock go?!

Today (Friday, 20 October 2023), Matterport (MTTR) closed at a new low: $2.00 (after going as low as $1.98). That's down from a historic high of $27.86 on 19 November 2021: a 92.8 percent decrease. (Matterport went public at $10 per share on 5 February 2021.)

The market cap of Matterport stock is $602,470,000. Matterport had $446,000,000 in cash on its balance sheet, as reported on the Matterport 2Q23 Earnings Call.

I wonder if Matterport will be acquired by a larger player in the space like Hexagon. They could financial nearly the entire purchase with cash on the Matterport balance sheet.

I previously wrote about this on 21 February 2023 when Matterport traded at $6.83 and $562 million cash on its balance sheet.

=>Will Matterport be Acquired by Hexagon?

I bought 100+ shares at around $24. So, I am feeling some pain.

How about you?

Best,

Dan
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I bought stock after I got a Pro 2 last year. 3D mapping was just starting to hit its stride, I said. MTTR would double in 2023, I said. As it dropped, it was undervalued, I said. Don't worry, there's no close competition, I said.

Bottoming at 2.00 makes me cringe and question my intelligence. I'm rationalizing whether a buy out and lots of hype looks appealing. I need share price to rise again, but the upside for my investment and upside for Matterport seem like two separate things.
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Matterport Media Release
---


Illustration for WGAN Forum by DALL-E (V3) | Prompt: Render-style newspaper graphic featuring a 3D model of a building, representing the spatial data expertise of Matterport. The headline reads 'Matterport to Announce 3Q 2023'. A digital display on the building shows 'November 6, 2023, After Market Close'. Surrounding the building are smaller graphics, one depicting the Nasdaq symbol 'MTTR' and another showing a positive financial graph for Q3 2023.


Matterport to Announce Third Quarter 2023 Results on Monday, November 6, 2023

SUNNYVALE, California, October 23, 2023 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that it will release its third quarter 2023 financial results on Monday, November 6, 2023, after market close.

Matterport management will host a conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the financial results. The dial-in number will be (412) 902-4209, conference ID: 10182949.

The financial results press release and a live webcast of the conference call will be accessible from the Matterport website at investors.matterport.com. An audio webcast replay of the conference call will also be available for one year 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 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: www.Matterport.com

©2023 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc.
---
Source: Matterport via Globe Newswire
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Any reason why this announcement would change the direction for MTTR? I think Matterport is standing in it's own way. It's like proof of concept without ability to disrupt anything. Nobody understands it except existing users locked into the existing subscription model. Any indication companies are actively considering a buyout: Hexagon, Meta, Alphabet, Apple? It's not good for investors unless the interest increases valuation. Calling all the shares quietly will be a loss to most of us. What we need is two or more companies discussing their interest and how it will grow into its real potential.
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Matterport Media Release
---

Video: Matterport Announces Collaboration with Stockperks to Offer Rewards Retail Investors | Video courtesy of WGAN-TV YouTube Channel | 30 October 2023

WGAN Forum Podcast | Episode #234

Matterport Announces Collaboration with Stockperks to Offer Rewards for Retail Investors

Collaboration brings Matterport onto Stockperks’ platform, facilitating community-building and seamless perk redemption for Matterport’s investors

SUNNYVALE, California, October 30, 2023 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading digital twin platform to access, understand, and utilize properties, and Stockperks, the premier retail investor engagement company, announced today the launch of the Matterport Shareholder Rewards Program on the Stockperks app.

To kick off the program, retail shareholders who leverage the Stockperks app can obtain discounts on a Matterport subscription and a free Axis device. Additional perks are available for a limited time and will be updated on an ongoing basis. Investors should visit the Stockperks app for more details on how to claim Matterport shareholder perks.

Since its founding in 2011, Matterport’s pioneering technology has set the standard for digitizing, accessing and managing buildings, spaces and places online. The Company’s innovative software platform, spatial data library, and 3D capture technology have broken down the barriers that have kept the largest asset class in the world, buildings and physical spaces, offline and underutilized for many years. The digitization and datafication of the built world can continue to unlock significant operational efficiencies and property values, and Matterport is a leading platform to lead this enormous global transformation. With approximately 10.5 million spaces under management and 33 billion square feet digitized as of June 30, 2023, Matterport is continuing to penetrate the estimated $327 trillion global building stock and expand its footprint across various end markets, including residential and commercial real estate, facilities management, retail, architecture, engineering and construction, insurance and repair, and travel and hospitality.

“We’re excited to partner with Stockperks and provide our retail investors an opportunity to experience Matterport solutions firsthand, enhancing their understanding of the company and providing a new way for us to connect with retail shareholders directly,” said JD Fay, Chief Financial Officer of Matterport.

“We are incredibly pleased to partner with Matterport, a leader in the digital transformation of the built world. Adding retail shareholder benefits is a testament to Matterport’s commitment to all of its investors,” said Agnies Watson, President and Co-Founder of Stockperks. “We are honored to enable stronger connections between Matterport and its investors.”

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 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: www.Matterport.com

---
Source: Matterport via Globe Newswire
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Quote:
Originally Posted by @3DPhoto
Any reason why this announcement would change the direction for MTTR? I think Matterport is standing in it's own way. It's like proof of concept without ability to disrupt anything. Nobody understands it except existing users locked into the existing subscription model. Any indication companies are actively considering a buyout: Hexagon, Meta, Alphabet, Apple? It's not good for investors unless the interest increases valuation. Calling all the shares quietly will be a loss to most of us. What we need is two or more companies discussing their interest and how it will grow into its real potential.


@#DPhoto

Will Matterport be Acquired by Hexagon?
Why Google Will Acquire Matterport?

Dan
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Matterport 3Q23 Financial Results Slide Deck

==============================================
Matterport Slide Deck | 3Q23 Financial Results
==============================================

Plus ...

Please see Matterport media release here:

Matterport 3Q23 Subscription Revenue $22.9 Million, up 20% Year-Over-Year

Best,

Dan
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Matterport SEC Form 8-K 3Q23 Filing today (6 November 2023)
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Matterport SEC Form 10-Q Filing today (Tuesday, 7 November 2023)

You can find interesting disclosures (like this one) saying that Matterport expects it to cost $4 million related to letting 30 percent of its workforce by 31 December 2023.


Matterport SEC Form 10-Q Filing today (Tuesday, 7 November 2023)

What else did you find of interest?

Best,

Dan
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Video: Why Matterport Stock Exploded After Earnings | Video courtesy of Asymmetric Investing YouTube Channel | 7 November 2023
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Matterport Media Release
---

Matterport to Announce Fourth Quarter and Full Year 2023 Results on Tuesday, February 20, 2024


SUNNYVALE, California, Tuesday, January 23, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that it will release its fourth quarter and full year 2023 financial results on Tuesday, February 20, 2024, after market close. Matterport management will host a conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the financial results. The dial-in number will be (412) 902-4209, conference ID: 10185588.

The financial results press release and a live webcast of the conference call will be accessible from the Matterport website at investors.matterport.com. An audio webcast replay of the conference call will also be available for one year 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 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.

©2024 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc.

--
Source: Matterport via Global Newswire
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Hi All,

Reminder that you can listen-in on the Matterport Q4 Quarter & Matterport Full Year 2023 financial results 4:30 pm ET today, Tuesday, 20 February 2024.

The dial-in number will be (412) 902-4209, conference ID: 10185588

Best,

Dan
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Video: Matterport Announces Fourth Quarter and Full Year 2023 Financial Results | Video courtesy of WGAN-TV YouTube Channel | 20 February 2024

WGAN Forum Podcast | Episode 272


WGAN Forum (20 February 2024) Matterport Announces Fourth Quarter and Full Year 2023 Financial Results
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Video: Matterport CEO RJ Pittman on the Company's Technology Moat | Video courtesy of Asymmetric Investing by Travis Hoium YouTube Channel | 27 March 2024

The Motley Food (27 March 2024) Matterport's technology could be commoditized by competitors, but it stays ahead by having a massive data lead. CEO RJ Pittman gives the strategy in this video.
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Matterport Media Release
---


Matterport News


Matterport to Announce First Quarter 2024 Results on Monday, May 6, 2024

SUNNYVALE, California, Friday, April 19, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that it will release its first quarter 2024 financial results on Monday, May 6, 2024, after market close. Matterport management will host a conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the financial results. The dial-in number will be (412) 902-4209, conference ID: 10188117.

The financial results press release and a live webcast of the conference call will be accessible from the Matterport website at investors.matterport.com. An audio webcast replay of the conference call will also be available for one year at investors.matterport.com.

About Matterport
Matterport, Inc. (Nasdaq: MTTR) is the leading digital twin platform to access, understand, and utilize the built world. Our groundbreaking digital twin platform turns buildings into data to make 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: www.Matterport.com

©2024 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc.


---

Source: Matterport via Globe Newswire
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I bought with enthusiasm near the ATH, after buying the Pro2 and realizing the potential application across multiple industries. It was a poor investment decision believing in the product and technology without examining the business model. Fortunately, I invested only what I was willing to lose.
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Matterport Media Release

Matterport, the Global Leader in 3D Digital Twins, to be Acquired by CoStar Group

SUNNYVALE, California, Monday, April 22, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ: MTTR), The spatial data company leading the digital transformation of the built world, announced today that it has entered into a definitive agreement with CoStar Group, Inc., a leading provider of online real estate marketplaces, information and analytics in the property markets, pursuant to which CoStar Group will acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share, representing an equity value of approximately $2.1 billion and an enterprise value of approximately $1.6 billion based on the closing price for CoStar Group common stock on April 19, 2024. Under the terms and subject to the conditions of the agreement, which has been unanimously approved by Matterport’s Board of Directors, Matterport stockholders will receive $2.75 in cash and $2.75 in shares of CoStar Group common stock for each share of Matterport common stock.

Founded in 2011, Matterport pioneered the development of the first 3D capture solution to deliver dimensionally accurate, photorealistic virtual tours or “digital twins” for any type of property. Matterport’s proprietary and patented technology enables anyone to digitize a property using a variety of camera technologies including cameras found on most smartphones. Matterport also produces a line of innovative 3D capture devices, including the company’s flagship LiDAR-based Pro3 camera which is capable of high-precision indoor and outdoor capture. At the center of the solution is Cortex, a powerful artificial intelligence software engine that automatically generates the 3D digital twin and virtual tour while providing property insights like detailed property dimensions, room layouts, and more.

Matterport's 3D technology is utilized in nearly every sector of real estate, spanning residential, commercial, hospitality, retail, and industrial spaces, among others. Over the years, Matterport has curated what is considered the largest and most precise collection of spatial property data worldwide, with over 12 million spaces captured in 177 countries, and representing more than 38 billion square feet of digital property under management. Contributing to this growth, Matterport has established a global network of several thousand photographers, capture services technicians, and service partners producing hundreds of thousands of new 3D digital twins for properties each month.

CoStar Group operates some of the most effective and widely recognized real estate information solutions and online property marketplaces in the world including Apartments.com, LoopNet, CoStar, and Homes.com, all of which feature Matterport’s 3D virtual tours. CoStar Group was one of the first adopters of Matterport’s technology, and currently has almost 300,000 Matterport digital twins available in the CoStar information product and online property marketplaces. Advertisers on CoStar Group marketplaces clearly recognize the value of Matterport virtual tours. In March 2024, there were over 7.4 million views of Matterport 3D Tours on Apartments.com, with consumers spending 20% more time viewing an apartment listing when Matterports were available. CoStar Group intends to utilize Matterport in a similar fashion on Homes.com to further enhance the most comprehensive agent, seller and buyer friendly residential portal on the market.

“CoStar Group and Matterport have nearly identical mission statements of digitizing the world’s real estate. I look forward to welcoming Matterport to the CoStar Group family and believe that we will be stronger together, in pursuit of our common mission,” said Andy Florance, Founder and CEO of CoStar Group. “The world has changed and today a Matterport is the new open house or property tour. People now select their next home, apartment, office, store, hotel, or warehouse on their mobile device often without ever visiting the property. There is no better way to remotely experience space than via Matterport. CoStar Group intends to support and invest in research and development opportunities to further develop Matterport’s spatial technology, including the application of AI and machine learning to extract information from the 3D spatial data library as well as using generative artificial intelligence to imagine and reimagine physical spaces.”

RJ Pittman, Chair and CEO of Matterport said, “We are thrilled to join forces with CoStar Group, a long-standing customer and partner with a shared vision for transforming global real estate through technology and digitization. This transaction is another significant milestone that acknowledges the groundbreaking work Matterport has accomplished in 3D digital twin technology and AI-driven property intelligence. With CoStar Group's expansive reach and scale in property research and analytics and our joint commitment to innovation, we believe that this powerful combination will transform how properties are marketed, sold, and managed worldwide. Importantly, it offers Matterport's stockholders the opportunity to participate in the value creation and future growth prospects of our combined efforts.”

The transaction, which is expected to be completed during the year, is subject to the approval of Matterport stockholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. Directors, Officers and certain other stockholders of Matterport, representing approximately 15% of Matterport’s fully diluted shares, have entered into voting agreements to support the transaction. The transaction is subject to a 10% symmetrical collar based on a CoStar Group share price of $86.02 as the midpoint.

Qatalyst Partners is serving as financial advisor and Foley & Lardner LLP is serving as legal advisor to Matterport.

INVESTOR RELATIONS:
Mike Knapp
ir@matterport.com

About Matterport

Matterport, Inc. (NASDAQ: MTTR) is the World’s #1 Digital Twin Platform* leading the digital transformation of the built world. Our groundbreaking platform turns buildings into data to make 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.

©2024 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. *Largest digital twin cloud hosted platform for the built world sq. ft. scanned. Data on file.

About CoStar Group, Inc.

CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities.

Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over twelve million monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry.

Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom.

BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attracted over 160 million unique monthly visitors in September 2023. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia.

Important Additional Information Regarding the Proposed Transaction Will Be Filed with the SEC and Where to Find It

In connection with the proposed transaction, CoStar intends to file with the SEC a registration statement on Form S-4 (the “Registration Statement”) to register the shares of CoStar’s common stock to be issued in connection with the proposed transaction.

The Registration Statement will include a document that serves as a prospectus of CoStar and proxy statement of Matterport (the “proxy statement/prospectus”), and each party will file other documents regarding the proposed transaction with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, INCLUDING THE PROXY STATEMENT/PROSPECTUS, AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, AND OTHER RELEVANT DOCUMENTS FILED BY MATTERPORT AND COSTAR WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT MATTERPORT AND COSTAR, THE PROPOSED TRANSACTION, THE RISKS RELATED THERETO AND RELATED MATTERS.

After the Registration Statement has been declared effective, a definitive proxy statement/prospectus will be mailed to stockholders of Matterport as of the record date. Investors will be able to obtain free copies of the Registration Statement and the proxy statement/prospectus, as each may be amended from time to time, and other relevant documents filed by Matterport and CoStar with the SEC (when they become available) through the website maintained by the SEC at sec.gov.

Copies of documents filed with the SEC by Matterport, including the proxy statement/prospectus (when available), will be available free of charge from Matterport’s website at investors matterport.com. Copies of documents filed with the SEC by CoStar, including the proxy statement/prospectus (when available), will be available free of charge from CoStar’s website at http://investors.costargroup.com/.

Participants in the Solicitation

Matterport and certain of its directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Matterport’s stockholders with respect to the proposed transaction.

Information about Matterport’s directors and executive officers is available in Matterport’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 27, 2024 and its definitive proxy statement for the 2023 annual meeting of stockholders filed with the SEC on April 27, 2023, and in the proxy statement/prospectus (when available).

Other information regarding the participants in the solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Registration Statement, the proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when they become available. Stockholders of Matterport, potential investors and other readers should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions.

No Offer or Solicitation

This communication is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.

Source: Matterport viA GLOBE Newswire
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Video: Matterport Buyout at 216% Premium: What to Do Now | Video courtesy of Asymmetric Investing by Travis Hoium YouTube Channel | 22 April 2024
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TechCrunch (23 April 2024) Y Combinator alum Matterport is being bought by real estate juggernaut CoStar at a 212% premium
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Matterport Media Release
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Matterport Cancels First Quarter 2024 Conference Call Following Definitive Agreement to be Acquired by CoStar Group

SUNNYVALE, California, Friday, April 26, 2024 (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 that it will no longer hold its first quarter results conference call originally scheduled for Monday, May 6, 2024 at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) due to the April 22, 2024 announcement that Matterport has entered into a definitive agreement to be acquired by CoStar Group, Inc. Due to the pending transaction, Matterport will not be providing quarterly financial guidance.

On Monday, May 6, Matterport will issue its first quarter earnings press release and post supplemental earnings information on its website: 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.

©2024 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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