Matterport Announces Record Third Quarter 2022 Financial Results
Total revenue rose to a record $38.0 million, above Company guidance
Subscription revenue rose to a record $19.0 million, above Company guidance
Services revenue rose to a record $10.0 million, up 204% year-over-year
Q3 GAAP loss per share of $0.20
Q3 Non-GAAP loss per share of $0.09, exceeding Company guidance
Balance sheet remains strong with $495 million in cash and investments