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Matterport (MTTR)
NASDAQ:MTTR
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-$0.01Last Year’s EPS
-$0.04Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 0.62%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted robust subscription growth and strategic partnerships driving future momentum. Despite challenges in the real estate market and a decline in product revenue, the company showed strong improvements in key metrics such as gross margin and net dollar expansion rate.Company Guidance
During the Matterport earnings call for the fourth quarter of 2023, management provided a comprehensive overview of the company's financial and strategic performance, emphasizing several key metrics. Total revenue for the quarter was reported at $39.5 million, with subscription revenue showing a robust 23% year-over-year growth to reach $23.7 million, surpassing the high end of their guidance range. The company highlighted a remarkable improvement in their net dollar expansion rate, which rose to 109%, indicating strong customer retention and expansion. Gross margin increased to 53%, up from 36% in the previous year, driven by subscription growth and cost efficiencies. Operating expenses decreased by 12% year-over-year, contributing to a 56% improvement in non-GAAP loss per share, which stood at $0.04. Looking ahead, Matterport projects total revenue for the first quarter of 2024 to be between $39 million and $41 million, with subscription revenue expected to continue growing at approximately 22% year-over-year. The company remains focused on achieving positive cash flow by the end of 2024, leveraging its strategic initiatives in AI and digital twin technologies to drive further growth.Strong Revenue Growth
Total revenue for Q4 2023 was $39.5 million, with subscription revenue growing 23% year-over-year to a record $23.7 million. Full-year 2023 revenue grew by 16% to $157.7 million.
Growth in Subscriber Base
The subscriber base expanded to 938,000, with paid subscribers growing by 13% and free subscribers by 36% year-over-year.
Gross Margin Improvement
Overall gross margin improved to 53% from 36% in the previous year, with a 300 basis point improvement in subscription gross margin.
Net Dollar Expansion Rate Increase
Net dollar expansion rate improved to 109%, the highest level in two years, indicating successful customer retention and expansion.
Strategic Partnerships
Partnerships with companies like Vacasa and Visiting Media were established, aimed at enhancing Matterport's platform and broadening customer engagement.
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MTTR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MTTR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $4.83 | $4.76 | -1.45% |
| Aug 06, 2024 | $4.13 | $4.05 | -1.94% |
| May 06, 2024 | $4.50 | $4.49 | -0.22% |
| Feb 20, 2024 | $2.54 | $2.11 | -16.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Matterport (MTTR) report earnings?
Matterport (MTTR) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Matterport (MTTR) earnings time?
Matterport (MTTR) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTTR EPS forecast?
MTTR EPS forecast for the fiscal quarter 2024 (Q4) is >-$0.01.
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