Matterport Announces Second Quarter 2024 Financial Results
Matterport, Inc. - Class A (MTTR)
Company Research
Source: GlobeNewswire
Annualized Recurring Revenue hits record $96.6 million, up 16% year-over-year Cash used in operating activities for the first half of 2024 improved 64% year-over-yearTotal subscribers grew to 1.06 million, up 28% year-over-yearSquare feet under management reached 44.0 billion, up 33% from prior year SUNNYVALE, Calif., Aug. 06, 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 financial results for the quarter ended June 30, 2024. "I’m pleased to announce our second-quarter 2024 results, which underscore our ongoing success in driving efficient growth," said RJ Pittman, Chairman and CEO of Matterport. "Subscription revenue increased by 16% year-over-year, reaching a record $24.2 million, and now accounts for over 57% of our total revenue. This growth highlights our strategic focus on expanding the recurring subscription revenue within our
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MTTR
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- 8/6/24 - Beat
MTTR
Sec Filings
- 9/16/24 - Form 4
- 9/16/24 - Form 4
- 9/6/24 - Form 4
- MTTR's page on the SEC website