The digital transformation has enabled companies to start leveraging disruptive technologies to deliver value to customers and enhance growth and productivity. In the past two years, the pandemic boosted this trend, as consumers largely shifted to…
online platforms. In this changing landscape, companies had to further boost technology adoption and accelerate digital transformation to respond to their customer’s needs.
In this article, I will analyze Matterport (MTTR), one of the companies that is leading the spatial data industry and that is driving the digitalization of the built world.
Through its three-dimensional (3D) data platform, MTTR’s solutions are able to turn a physical space into its digital twin, which can be used to design, build, operate, promote, and understand a space. Its platform works with a range of 3D cameras, 360 cameras, and iPhones. MMTR also offers on-demand solutions for customers who need to capture multiple properties. Moreover, its application programming interfaces (APIs) help to build capabilities and custom add-ons on MTTR’s platform. This allows MTTR to serve a wide range of industries like real estate, 3D photography, retail, travel and hospitality, homeowners, insurance and restoration, architects, engineering, and facilities management.
MTTR has a strong stock performance and its fast expansion in international markets should support sales
Since the beginning of the year, shares of MTTR advanced robustly, up 117.3%, which bodes well for the company’s future stock performance.
Recently, MTTR announced the free distribution of its 3D Capture software to Android users worldwide, enabling active Android smartphones to instantly create a dimensionally accurate digital twin of buildings and spaces with the devices they already own. With this announcement, MTTR aims to sharply accelerate its progress toward digitizing the built world, but also hasten the company’s international expansion across Asia Pacific, Europe, the Middle East, and Africa where Android market share is especially concentrated.
Moreover, businesses and users adopting MTTR’s 3D solutions are seeing multiple benefits which is a good sign for MTTR’s long-term revenue growth. The photorealistic digital twins and the dimensionally accurate physical spaces offered by MTTR provide a differentiated brand experience, a superior customer experience, and higher client satisfaction, which is a game-changer that should boost the sales of its customers, driving revenues higher.
Top line growth is impressive, but the company remains unprofitable and overvalued
The spatial data company is expected to see sales…
Continue reading at WEALTHPOP.com
