Matterport Inc Share Price (NASDAQ: MTTR)

Matterport is a leading spatial data company specialising in digitising and indexing building designs. Matt Bell and Dave Gausebeck founded the company in 2011. Matterport is a Silicon Valley-based creator of a 3D media platform for developing 3D and virtual reality models. Matterport services consumers on a global scale. RJ Pittman heads Matterport as Chairman and CEO. The company's ground-breaking geospatial computing technology transforms structures into data, elevating the value and accessibility of every location. There are virtual Matterport digital twins of thousands of buildings in more than 150 countries. These digital twins are being used to improve every component of the construction process. In July 2021, the company became publicly traded through a merger with a special-purpose acquisition company (SPAC). With around 250 employees, Matterport is a dominant player in the digital transformation of building design. Matterport generates $42.5 million in annual revenue and $66.1 million in annual recurring revenue (ARR). The entire capital raised by the business is $409 million. The organisation's total revenue is $27.1 million, up 15% from the fourth quarter of 2020. Subscription revenue was $16.5 million, a 32% increase over the fourth quarter of 2020. Currently Matterport Inc has a market cap of $1.44 Billion. It has a P.E ratio of -5.39. The shares of Matterport Inc are trading at $5.38. .