Matterport Pro2 Camera @ $2,895: Why I Expect it to Go Much Lower18338
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Matterport Pro2 Camera via Amazon
Matterport Pro2 Camera @ $2,895: Why I Expect it to Go Much Lower
While you can buy a Matterport Pro2 Camera today (27 February 2023) for $2,895, I expect the price of a Matterport Pro2 Camera will go much lower.
Here's Why (From the transcript of the Matterport Inc. Earnings Call on Wednesday, February 22, 2023)
"Our total non-GAAP gross margin for the fourth quarter was 36%, which was down sequentially from 48% in the prior quarter. The sequentially lower gross margin was primarily due to a write-down of the value of a portion of our Pro 2 camera inventory and related materials.
We believe the better-than-expected demand for the Pro 3 camera has impacted the demand for Pro 2 cameras. Accordingly, we have determined that it was appropriate to reduce the value of the Pro 2 inventory.
This expense was $5 million in the fourth quarter. Excluding this expense, non-GAAP gross margin would have been 48%, which would have been consistent with our recent historical performance. Our subscription
gross margin was 75%, improving from 72% in the prior quarter."
If I have interpreted this correctly, Matterport can sell the Pro2 at a reduced cost (and has already written off the amount of that reduction).
P.S. Do not buy the "insurance" Add On "Protection Plan" ... It EXCLUDES commercial use!
=> Warning: Pro3 "Insurance" Add On via Amazon does NOT Include Commercial Use
[WGAN is NOT affiliated with Matterport.]
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Suisun City, California
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|I'm sure all of us who use it would be happier if the price dropped although there is still strong demand for interior only scanning so from a business point of view they could have kept the same price and probably faired well. Also its significantly lower than the pro3 so it reaches a different market.|
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