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#researchshort -ish (Full discretion this is something invest in, this is not investment advice and intended for informational purposes) 🌎💻 $MTTR Matterport 🌎💻 $MTTR is a company that provides a platform to capture, store, share, and experience 3D images and models. $MTTR was founded in 2011 by Dave Gausebeck, Matt Bell, and Mike Beebe. $MTTR aims to support a customer base that needs an integrated 3D model service to operate their businesses. The company is primarily based in Sunnyvale, California with additional offices in San Francisco, California; Chicago, Illinois; New York City, New York; and London, United Kingdom. $MTTR provides a variety of services and products. The company’s primary services, however, are Matterport Cameras and Matterport Cloud. Matterport Cameras are three camera types (360 Camera, Pro2 RD Camera, and Pro2 Lite 3D Camera) that users need to purchase to capture the 3D models – called Matterport Space – and store it in Matterport’s platform. The platform is Matterport Cloud, which is an artificial intelligence-operated storage and sharing platform that processes the captured images into Matterport Space. Additional services and products that Matterport provides are its mobile applications (Matterport Capture App), virtual reality platform (Matterport CoreVR), and an online gallery of 3D spaces that users can experience (Matterport 3D Showcase) https://golden.com/wiki/Matterport-YX9YE93 🍕 $MTTR and Pizza 🍕 RPM Pizza, the largest $DPZ Pizza franchisee in the country, adopted $MTTR to expedite the simultaneous redesign and renovation of 30 stores in just six months, a process that would typically take twice as long. By capturing digital twins of stores with Matterport, the company has cut the time to initiate these projects by 50 percent by enabling virtual site visits and collaboration in 3D. “Improving store design and layout lets us better serve our customers,” said Nate Lee, Facilities Manager for RPM Pizza. “Two of our key principles for serving our facilities' clients are reasonable cost and on-time response. To meet these goals, we needed to improve their space at a reasonable cost as quickly as possible. Matterport helped us achieve that.” In order to meet RPM Pizza’s goal of reducing the average delivery time (ADT) between receiving and delivering an order, the company needed to redesign store layouts and upgrade the equipment to increase food prep efficiency. Digital twins - or photorealistic, accurate 3D replicas of each store - enabled facilities managers to virtually assess areas of improvement for each store, significantly shorten lengthy bidding processes, and ensure that expensive, new equipment would fit by using accurate digital measurements. “Matterport enables us to communicate more clearly and consistently with our contractors and leadership. This new workflow allows them to visit the store without needing to travel, so we can work together in real time to make informed decisions about the project,” continued Lee. “RPM Pizza is a great example of digital twins shifting how facilities are designed, constructed and managed in a progressively more remote world,” said Stephanie Lin, Director of Business Strategy for Retail and AEC at $MTTR . “Matterport eases the pain of typically manual and laborious design and build activities such as obtaining site measurements, documenting and maintaining on-site equipment, contractor bidding and negotiation, and complex coordination between facility management related trades. All of this enables teams to remain connected at every stage of the process by providing quick and easy access to retrieve current store conditions while maximizing efficiency at the same time.” https://finance.yahoo.com/news/rpm-pizza-streamlines-store-renovation-141500249.html 💡 $MTTR Innovation 💡 $MTTR today announced the availability of its platform in AWS Marketplace, an online software store that helps customers find, buy, and immediately start using the software and services that run on Amazon Web Services (AWS). As a result, AWS customers will be able to access the power and capabilities of Matterport’s digital twin technology with AWS add-ons that supercharge the value of digitization. In addition, they will benefit from the joint offerings that the companies take to market. Matterport and AWS will collaborate amongst technical teams to build deep technology integrations, as well as their sales and marketing teams to serve new enterprise customers. “With the hundreds of fully featured AWS services, we’re excited that our customers can now easily capture their spaces and incorporate the Matterport spatial data platform into a wide range of solutions,” said Prabal Acharyya, Global Head of IoT Partners for Energy and Process Industries at AWS. “Matterport is uniquely positioned to help customers of all types take full advantage of integrating their AWS cloud provider services with their digital twins, accelerating the digitization of their spaces, while harnessing the power of their data assets.” Hundreds of thousands of companies in over 170 countries use $MTTR ’s spatial data platform to turn any space into a photorealistic, dimensionally accurate digital twin. As an official AWS Independent Software Vendor (ISV) Partner and member of the AWS Partner Network (APN), $MTTR will reach companies across the world that need a simple and cost-effective way to digitize their buildings and spaces. And, they can access a free trial to instantly capture digital twins on their iOS or Android devices. “Although our digital twin vision was designed to enhance the operator and mechanic experience, we quickly expanded our use cases to include training, employee orientation, and office space optimization. Moving forward, I anticipate identifying even more opportunities to use Matterport throughout our organization,” says Dane Laughlin, Innovation Engineer at INVISTA, a world leader in supplying nylon 6,6 chemical intermediates, polymers and fibers used in the automotive, electronics, carpet and clothing industries. https://finance.yahoo.com/news/rpm-pizza-streamlines-store-renovation-141500249.html 🌟 $MTTR and "The Metaverse" 🌟 $FB and $MTTR already have a working relationship. In July, the two announced Matterport will collaborate with Facebook AI Research to assemble the largest-ever dataset of 3D indoor spaces. These will be made available for academic, non-commercial uses. Ives thinks this amounted to the “first step” towards a much broader Facebook and Matterport association. The analyst highlights $MTTR ’s unmatched “unique and vast” 3D-data library in a market for real estate and other verticals already exhibiting signs of huge growth. Nonetheless, it is still very much in the early stages. How big is the opportunity? Ives thinks there is a $240 billion-dollar global TAM (total addressable market) here. To date, Matterport’s spatial data library has only mapped out ~15 billion square feet, amounting to a penetration rate of less than 1% of said TAM. This opportunity is especially pertinent domestically, as with 935 million spaces across the US, the country accounts for the third-largest market in the world, and represents a “huge opportunity for Matterport to exploit.” “We continue to believe Matterport (MTTR) is in the early innings of a massive growth story playing out over the coming years,” the 5-star analyst said. “Based on our conversations with investors over the past few months we believe this tech story remains ‘under the radar’ among growth investors and we highlight MTTR as one of our favorite ideas heading into year-end and 2022 with an appetite for the metaverse world on the horizon.” https://finance.yahoo.com/news/matterport-core-metaverse-play-watch-183012705.html 💵 $MTTR Q3 Financials 💵 ⚫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 "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.” “We are also pleased to report that we increased our subscription revenue by 36%, contributing to another quarter of year-over-year double digit growth,” said JD Fay, Chief Financial Officer of Matterport. “The third quarter was a transformational one for Matterport as we closed our merger with Gores Holdings, VI to become a public company. We added over $600 million to our balance sheet to fuel the long-term growth of the business worldwide.” https://matterport.com/news/matterport-announces-third-quarter-2021-financial-results
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