Matterport (NASDAQ:MTTR - Get Free Report) is expected to post its quarterly earnings results before the market opens on Tuesday, February 18th. Analysts expect Matterport to post earnings of ($0.01) per share and revenue of $42.87 million for the quarter.
Matterport (NASDAQ:MTTR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The company had revenue of $43.79 million during the quarter, compared to analysts' expectations of $43.91 million. During the same quarter in the previous year, the company earned ($0.04) earnings per share. Matterport's revenue for the quarter 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 Price Performance
NASDAQ MTTR remained flat at $5.30 on Tuesday. 2,411,455 shares of the company's stock traded hands, compared to its average volume of 4,323,279. The business has a 50-day moving average of $4.98 and a 200-day moving average of $4.69. The company has a market capitalization of $1.71 billion, a P/E ratio of -6.39 and a beta of 1.06. Matterport has a fifty-two week low of $1.73 and a fifty-two week high of $5.36.
Insider Buying and Selling
In other news, CRO Jay Remley sold 82,229 shares of the company'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 approximately $6,662,800.98. This represents a 5.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Raymond J. Pittman sold 358,607 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.73, for a total value of $1,696,211.11. Following the transaction, the chief executive officer now directly owns 4,176,241 shares in the company, valued at approximately $19,753,619.93. This represents a 7.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 645,163 shares of company stock worth $3,051,621. Corporate insiders own 17.50% of the company's stock.
Matterport Company Profile
(
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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.
Further Reading
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