Home Metaverse Will the metaverse save Matterport as physical real estate collapses? (NASDAQ:MTTR)

Will the metaverse save Matterport as physical real estate collapses? (NASDAQ:MTTR)

0
Will the metaverse save Matterport as physical real estate collapses?  (NASDAQ:MTTR)

Source: news.google.com

Silhouette of a man interacting with virtual computer graphics

We are

of Matterport (NASDAQ:MTTR) revenue for its latest reported earnings quarter decreased 3.5%, gross margins decreased 70 basis points and cash consumption from operations increased 28.6% sequentially. The company is exceptionally exposed to the fall of the US real real estate market, as its main clients continue to be real estate agents looking to create more interactive and higher quality listings. Matterport develops and retails advanced hardware and software used to capture the built environment, creating a digital twin. This has meant that its total addressable market has been tied to real estate activity. In fact, the company boomed during the pandemic not only because of the obvious stay-at-home orders, but because of the increased viscosity of real estate transactions as people looked to take…

Read More at news.google.com