Matterport Announces Fourth Quarter and Full Year 2023 Financial Results Demonstrating Strong Recurring Revenue Growth and Reaffirms 2024 Profitability Target

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Go back to Matterport Announces Fourth Quarter and Full Year 2023 Financial Results Demonstrating Strong Recurring Revenue Growth and Reaffirms 2024 Profitability Target

Matterport (MTTR) down on revenue miss; Wolfe analyst remains cautious

February 21, 2024 5:32 AM EST

Matterport (NASDAQ: MTTR) shares fell nearly 12% in premarket trading on Wednesday after the companys first-quarter revenue guidance fell short of analysts estimates.

For the fiscal Q4 2023, MTTR reported a loss per share of $0.04, in line with consensus projections. Revenue came in at $39.5 million, slightly below the estimated $40.07 million.

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