secwatch.observer — SEC 8-K summary
======================================

Issuer:     Matterport, Inc./DE (—)
CIK:        0001819394
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001819394-24-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matterport Q1 ARR record $96M; subscription rev up 21% to $24M; net loss per share improves 33%
--------------------------------------------------------------------------------

- Subscription revenue $24.0M (+21% YoY); total revenue $39.9M.
- GAAP net loss per share $0.12 (improved 33% YoY); non-GAAP net loss per share $0.01 (improved 86% YoY).
- Record Annualized Recurring Revenue (ARR) of $96M; total subscribers hit 1.0M (+30% YoY).
- Cash used in operating activities $3.8M, an 81% improvement YoY; cash and investments $419M, no debt.
- Suspending FY2024 guidance due to pending acquisition by CoStar Group announced April 22, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819394/000181939424000027/0001819394-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819394/000181939424000027/mttr-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001819394-24-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer