Urbanimmersive Inc V.UI

Matterport revenue

[Torontojay]

According to growjo Matterport has annual ttm revenues approximately 42.5 million US per year. This site is fairly accurate in general as I've used them before. If it IPOs at  2 billion, then there is a great gap in share valuation between Urbanimmersive and Matterport. 

in 2019, Matterport was valued at $355 million 

https://growjo.com/company/Matterport

[TheIntern]

I was first thinking that they must be way under at only US$42.5M/yr, but Urbanimmersive purchased Immersolutions last year (exclusive resaler of Matterport in Canada) and made about US$1.0M of sales from it in the TTM (also selling a lot of Ricoh in that US$1.0M).  Lets assume that Immersolution purchased for about US$500k of Matteport gear and that Canada is only 1/20 of Matterport

[Torontojay]

Matterport 2015 revenue: $10,804,000 2016 revenue: $19,374,000 2017 revenue: $33,000,096 Website: www.matterport.com https://www.bizjournals.com/sanjose/news/2018/10/18/matterport3d-tech-finds-usefulness-in-business.html

[Torontojay]

According to this news source, Matterport had revenues of $ 85.9 million in 2020 up over 87% year over year. Matterport will go public in the second quarter of 2021.  https://www.google.ca/amp/s/www.housingwire.com/articles/matterport-to-go-public-via-spac-in-3b-deal/amp/