In the discussion over metaverse companies, Matterport (MTTR 3.89%) often makes its way into the conversation. The company specializes in helping bring physical spaces into the digital world.
In this video from "The Virtual Opportunities Show," recorded on Dec. 21, Fool contributor Asit Sharma explains why investors will want to watch this stock.
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Asit Sharma: I'll take just a minute here and mention Matterport, symbol, M-T-T-R. This is in this idea which we're trying to bubble up and work as a team to uncover. Share this image again. You see this: unique product experience or virtual edge. One characteristic that I would love if I could have all the other things together would be that unique product experience or edge that is virtual. I think Matterport is really a paragon of that.
This is a company that helps create digital twins. It takes on a one-to-one ratio of physical space. It makes a virtual copy of that, that can be used for all purposes. Why is this unique even though there are a few competitors like Autodesk (ADSK 0.96%), Unity Software (U 5.37%), I think Microsoft (MSFT 1.92%), that all dabble in something similar? This company has focused on a consumer market, and it has rolled the technology out to be app-enabled. If you have an iOS device or an Android phone, you can download this software and make a true digital replica of your own house.
They start with a freemium model and move up from there. It's a really interesting business. I think that they are a company which has a long way to run, if they can master this consumer space. It's not really a space that the big giants want to play in right now. They're focused on lots of applications that are business-to-business. Reminds me of DigitalOcean (DOCN 1.75%) in that respect. There's something unique here. Company trades at a really steep multiple at this point in time on a price-to-sales basis. It looks very promising as a gross profit proposition, but we're going to have to see how it does in terms of scaling revenue and covering some fixed costs. I will talk more in detail, I'm sure, about it more and more on this show.