MTTR - Matterport: Overvalued While Facing Short- And Long-Term Challenges

• New to the market via a SPAC deal, Matterport needs to prove itself as a newly public company.
• Matterport had massive revenue growth in the second quarter of 2020, but since then the growth has been less impressive.
• Management has reduced FY 2021 revenue guidance due to supply chain issues and a difficult hiring environment.
• Matterport is not yet free-cash-flow positive, not close to net profitable, and trades at a high revenue multiple with a better entry point likely in the future.

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