Matterport Announces Fourth Quarter and Full Year 2023 Financial Results Demonstrating Strong Recurring Revenue Growth and Reaffirms 2024 Profitability Target
“We closed 2023 on a high note with fourth quarter total revenue of $39.5 million, in line with our guidance range.
- “We closed 2023 on a high note with fourth quarter total revenue of $39.5 million, in line with our guidance range.
- Subscription revenue growth accelerated to 23% year-over-year, ahead of our expectations, driven by broad based strength across our global customer base.
- This launch sets the stage for 2024 to be the year of the intelligent digital twin, fueling our AI-driven revenue growth and accelerating us towards our profitability goal,” Pittman added.
- The Company is providing the following financial guidance for the first quarter and full year 2024.