Matterport Non-GAAP EPS of -$0.10 In-Line, Revenue of $27.08M Beats by $1.94M

Seeking Alpha2022-02-17
  • Matterportpress release(NASDAQ:MTTR): Q4 Non-GAAP EPS of -$0.10 in-line.
  • Revenue of $27.08M (+14.8% Y/Y)beats by $1.94M.
  • Shares-11%.
  • Totalsubscribersincreased 98% to 503,000 from year-ago period
  • Annualized recurring revenue grew to $66 million
  • Spaces Under Management grew to 6.7 million, up 54% compared to fourth quarter of 2020
  • the company expects continued growth in 2022, with total revenue between $125 and $135 million. Recurring subscription revenue is expected to be between $80 and $82 million, translating to 31% to 34% year-over-year growth.

    For the first quarter, the company expects total revenue to be between $25.5 and $27.5 million vs. $31.86M consensus. Recurring subscription revenue is expected to be between $17.1 and $17.4 million, translating to 24% to 26% year-over-year growth.

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Comments

  • tigertitus
    2022-02-18
    tigertitus
    Praying for a change in tide! Like if you agree hahaha...
  • Jdaa
    2022-02-17
    Jdaa
    What happened to this one, why is it bleeding after result ??
  • rogerl
    2022-02-17
    rogerl
    Great 
  • GggSlimeR
    2022-02-17
    GggSlimeR
    Do not like my comment 
  • Swoosh
    2022-02-17
    Swoosh
    Weird. Good results but price drop. Maybe good time to buy. 
  • tongfee
    2022-02-17
    tongfee
    One of the metaverse related company, keep observing [Observation] [Observation] [Observation] 
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