Matterport (MTTR) to Release Earnings on Tuesday

Matterport (NASDAQ:MTTR) is projected to announce its earnings results before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $42.87 million for the quarter.

Matterport (NASDAQ:MTTR) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The business had revenue of $43.79 million during the quarter, compared to the consensus estimate of $43.91 million. During the same quarter last year, the company earned ($0.04) earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts expect Matterport to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Matterport Stock Down 0.4 %

MTTR opened at $5.30 on Tuesday. The company has a market cap of $1.71 billion, a P/E ratio of -6.39 and a beta of 1.06. The firm’s 50-day moving average price is $4.98 and its 200-day moving average price is $4.69. Matterport has a 52-week low of $1.73 and a 52-week high of $5.36.

Insider Buying and Selling at Matterport

In other news, CRO Jay Remley sold 82,229 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value of $388,943.17. Following the completion of the transaction, the executive now directly owns 1,408,626 shares in the company, valued at $6,662,800.98. This trade represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO James Daniel Fay sold 119,312 shares of Matterport stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value of $564,345.76. Following the sale, the chief financial officer now directly owns 1,690,458 shares of the company’s stock, valued at $7,995,866.34. This trade represents a 6.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 645,163 shares of company stock worth $3,051,621. 17.50% of the stock is owned by corporate insiders.

Matterport Company Profile

Matterport, Inc, a spatial data company, focuses on digitization and datafication in the United States and internationally. The company offers Matterport Capture Services, a fully managed solution for enterprise subscribers; Matterport Pro3, a 3D camera that scans properties; Matterport Pro2, a 3D camera that captures spaces; LEICA BLK360, a device to create digital twins; Smartphone Capture, a smartphone capture solution for both iOS and Android; and 360 Cameras.