The company's net loss was 36% less than in 2023, according to Matterport's earnings from the quarter. Revenue rose 5% for the quarter
The company said it expects to grow total revenue 19% to 22% this year as it continues its expansion as an industry leader
Matterport posted second-quarter revenues of $39.6M — a 39% increase from the same period a year earlier that squeaked past analyst estimates of $39.2M, according to a Tuesday earnings call
Matterport earned $136.1M in 2022, which wasn't enough to offset $26.5M in losses for the final 3 months of 2022 and $116.6M for the year, according to the company's latest earnings release on Wednesday
The virtual tour software company posted $38M in revenue, up from $28.4M in Q2, avoiding headwinds that have ensnared others in the real estate space, according to earnings on Thursday