Matterport (MTTR) Set to Announce Earnings Soon

Matterport (NASDAQ:MTTR) is expected to release its earnings results on Tuesday, February 18th, before the market opens. Analysts forecast that the company will report earnings of ($0.01) per share, along with revenues amounting to $42.87 million for the quarter.

Previous Earnings Results

The last time Matterport reported earnings was on November 12th. During that quarter, the company also announced earnings of ($0.01) per share, which matched the consensus estimate. Matterport experienced a negative return on equity of 32.19% and a considerably negative net margin of 157.21%. The generated revenue for that quarter was $43.79 million, slightly below the expected $43.91 million. In comparison to the same quarter last year, when the earnings per share were ($0.04), there was a revenue increase of 7.8% year-over-year. Moving forward, analysts predict that Matterport will report $0 EPS for both the current and next fiscal years.

Stock Performance

As of Tuesday, Matterport's stock opened at $5.30. The company holds a market capitalization of $1.71 billion, with a P/E ratio of -6.39 and a beta of 1.06. The 50-day and 200-day moving averages for the stock are $4.98 and $4.69, respectively. Over the past year, the stock reached a low of $1.73 and a high of $5.36.

Insider Trading Activity

In more recent news, Jay Remley, the Chief Revenue Officer, sold 82,229 shares of the company's stock on December 2nd, receiving approximately $388,943. Following this sale, Remley now holds 1,408,626 shares in Matterport, totaling around $6.66 million in value, marking a 5.52% reduction in his stock ownership. Additionally, CFO James Daniel Fay sold 119,312 shares on the same day, valued at about $564,346. After this transaction, Fay now owns 1,690,458 shares worth approximately $7.99 million, which represents a 6.59% decrease in his holdings. Overall, insiders have sold 645,163 shares worth approximately $3.05 million in the last quarter, while corporate insiders maintain ownership of 17.50% of the stock.

About Matterport

Matterport, Inc. is a spatial data company focused on digitization and data management both in the United States and globally. The company provides a variety of services, including Matterport Capture Services for enterprise needs, the Matterport Pro3 and Pro2 3D cameras for space scanning, LEICA BLK360 for creating digital twins, and solutions for smartphone capture compatible with both iOS and Android.

Earnings, Stock, Company