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MTTR (Matterport) Gross Profit : $78.9 Mil (TTM As of Sep. 2024)


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What is Matterport Gross Profit?

Matterport's gross profit for the three months ended in Sep. 2024 was $21.7 Mil. Matterport's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $78.9 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Matterport's gross profit for the three months ended in Sep. 2024 was $21.7 Mil. Matterport's Revenue for the three months ended in Sep. 2024 was $43.8 Mil. Therefore, Matterport's Gross Margin % for the quarter that ended in Sep. 2024 was 49.55%.

Matterport had a gross margin of 49.55% for the quarter that ended in Sep. 2024 => Durable competitive advantage

During the past 4 years, the highest Gross Margin % of Matterport was 55.82%. The lowest was 38.09%. And the median was 49.32%.


Matterport Gross Profit Historical Data

The historical data trend for Matterport's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Matterport Gross Profit Chart

Matterport Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Profit
47.94 59.97 51.85 70.49

Matterport Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.90 18.22 19.59 19.38 21.70

Competitive Comparison of Matterport's Gross Profit

For the Software - Application subindustry, Matterport's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Matterport's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, Matterport's Gross Profit distribution charts can be found below:

* The bar in red indicates where Matterport's Gross Profit falls into.



Matterport Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Matterport's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=157.748 - 87.258
=70.5

Matterport's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=43.793 - 22.093
=21.7

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $78.9 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Matterport's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=21.7 / 43.793
=49.55 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Matterport  (NAS:MTTR) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Matterport had a gross margin of 49.55% for the quarter that ended in Sep. 2024 => Durable competitive advantage


Matterport Gross Profit Related Terms

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Matterport Business Description

Traded in Other Exchanges
Address
352 East Java Drive, Sunnyvale, CA, USA, 94089
Matterport Inc is a spatial data company focused on digitizing and indexing the built world. Its all-in-one 3D data platform enables anyone to turn a space into an accurate and immersive digital twin which can be used to design, build, operate, promote, and understand any space. The Company recognizes revenue from subscription, license, services and sale of products. Majority of the revenue is generated in the form of subscription fees which it receives from the customers for providing them access to Matterport platform.
Executives
Raymond J Pittman director, officer: See Remarks C/O MATTERPORT, INC., 352 EAST JAVA DRIVE, SUNNYVALE CA 94089
Peter Presunka officer: Chief Accounting Officer C/O MATTERPORT, INC., 352 EAST JAVA DRIVE, SUNNYVALE CA 94089
Jay Remley officer: Chief Revenue Officer C/O MATTERPORT, INC., 352 EAST JAVA DRIVE, SUNNYVALE CA 94089
Matthew Zinn officer: Chief Legal Officer 2160 GOLD STREET, ALVISO CA 95002
Japjit Tulsi officer: Chief Technology Officer C/O MATTERPORT, INC., 352 EAST JAVA DRIVE, SUNNYVALE CA 94089
James Daniel Fay officer: Chief Financial Officer C/O MATTERPORT, INC., 352 EAST JAVA DRIVE, SUNNYVALE CA 94089
Jason Krikorian director C/O AUGMEDIX, INC., 1161 MISSION STREET, SUITE LL, SAN FRANCISCO CA 94103
Peter Hebert director, 10 percent owner C/O LUX VENTURES, 295 MADISON AVE, 24TH FLOOR, NEW YORK NY 10017
Susan Repo director 600 B STREET, SUITE 100, SAN DIEGO CA 92101
Michael B Gustafson director 380 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Brandt Walter Kucharski officer: Chief Accounting Officer 111 W WASHINGTON STREET, SUITE 2100, CHICAGO IL 60602
Lux Ventures Iii Special Founders Fund, L.p. 10 percent owner 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Lux Ventures Cayman Iii, L.p. 10 percent owner 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Lux Co-invest Opportunities, L.p. 10 percent owner C/O LUX CAPITAL MANAGEMENT, 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Josh Wolfe 10 percent owner C/O LUX HEALTH TECH ACQUISITION CORP., 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010