Good Morning MOJO Traders,
We have you in a real winner here with Matterport symbol MTTR. See pick below last week.
Matterport to Participate in Upcoming Investor Conferences
Researched a really great one here. In the next few months and into 2022 you will start to become more aware of the Metaverse. Did you know that Facebook changed it name to “META”.
“Today we are seen as a social media company, but in our DNA we are a company that builds technology to connect people, and the metaverse is the next frontier just like social networking was when we got started,” Meta CEO Mark Zuckerberg said.
What is the metaverse?
It's a combination of multiple elements of technology, including virtual reality, augmented reality and video where users "live" within a digital universe. Supporters of the metaverse envision its users working, playing and staying connected with friends through everything from concerts and conferences to virtual trips around to the world.
This stock is one that should do well with this future technology.
Total subscribers increased 116% to 439,000 from year-ago period
Paid subscribers rose 35% to 53,000 from year-ago period
Subscription revenue grew 36% to $16 million from year-ago period
Annual recurring revenue grew to $63 million
GAAP loss per share of $0.86, Non-GAAP loss per share of $0.06
Nov. 03, 2021 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), (“Matterport” or the “Company”), the spatial data company leading the digital transformation of the built world, today announced financial results for the quarter ended September 30, 2021. "We are pleased to report another strong quarter, more than doubling our subscriber count to 439,000 subscribers, and increasing our Spaces Under Management by 62% to 6.2 million Spaces,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport. “We made significant advances in all of our objectives, including strategic product launches, key industry partnerships, expanded service offerings, and the scaling of our global workforce to address the huge opportunity ahead. We have also been navigating the dynamics of the global supply chain and labor markets to minimize the impact on our hardware and services business. Our recent launch of Matterport for Android is very timely, and dramatically expands our reach for digitizing spaces using just the phone in your pocket, while giving us an important advantage to our global growth plans for Asia Pacific, Europe, the Middle East and Africa.”