Matterport 2Q23 Results
Total revenue grew 39% year-over-year
($000s)
Revenue:
Subscription
License
Services
Product
Total revenue
Non-GAAP Gross Margin
Subscription
License
Services
Product
Total non-GAAP GM%
Total non-GAAP operating expenses
Non-GAAP loss from operations
Non GAAP net loss
Three Months Ended June 30,
2023
2022
20,868
27
10,684
7,988
39,567
75%
100%
26%
2%
47%
42,533
(24,014)
(21,473)
18,386
26
5,013
5,056
28,481
72%
100%
44%
-37%
48%
48,796
(35,136)
(35,294)
Notes:
Unaudited
For the definition of non-GAAP gross margin, loss from operations and net loss and a reconciliation to their most directly
comparable financial measures prepared in accordance with GAAP, please see the appendix
Subscription revenue
up 13%
Services revenue
up 113%
Product revenue up
58%
Non-GAAP Net loss
improved by 39%
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