Matterport (NASDAQ:MTTR) stock jumped an incredible 26% after earnings despite the company reporting another loss and tepid growth. But this quarter answered some critical questions about the company's trajectory and future.
In this video, Travis Hoium breaks down the results and why Matterport is now a safer company to buy than it was just a few days ago. There's also an upside if this technology becomes a platform for growth in the future.
*Stock prices used were end-of-day prices of Nov. 7, 2023. The video was published on Nov. 7, 2023.
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Travis Hoium has positions in Matterport. The Motley Fool has positions in and recommends Matterport. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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