v3.24.2.u1

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Total revenue	$ 42,216	$ 39,567	$ 82,088	$ 77,561
Total costs of revenue	22,836	23,604	43,116	45,186
Gross profit	19,380	15,963	38,972	32,375
Operating expenses:
Research and development	15,360	18,861	30,260	37,134
Selling, general, and administrative	54,129	56,008	99,605	110,941
Litigation expense	95,000	0	95,000	0
Total operating expenses	164,489	74,869	224,865	148,075
Loss from operations	(145,109)	(58,906)	(185,893)	(115,700)
Other income (expense):
Interest income	2,623	1,481	4,887	2,952
Change in fair value of warrants liability	(944)	(171)	(1,064)	51
Other income	1,898	1,223	4,451	2,406
Total other income	3,577	2,533	8,274	5,409
Loss before provision for income taxes	(141,532)	(56,373)	(177,619)	(110,291)
Provision for income taxes	54	163	95	87
Net loss	$ (141,586)	$ (56,536)	$ (177,714)	$ (110,378)
Net loss per share, basic (in dollars per share)	$ (0.45)	$ (0.19)	$ (0.56)	$ (0.37)
Net loss per share, diluted (in dollars per share)	$ (0.45)	$ (0.19)	$ (0.56)	$ (0.37)
Weighted average shares used in per share calculation, basic (in shares)	316,801	298,096	314,905	295,599
Weighted average shares used in per share calculation, diluted (in shares)	316,801	298,096	314,905	295,599
Subscription
Total revenue	$ 24,155	$ 20,895	$ 48,170	$ 40,769
Total costs of revenue	8,245	7,235	15,888	14,197
Services
Total revenue	10,881	10,684	19,984	19,388
Total costs of revenue	7,928	8,009	14,303	14,253
Product
Total revenue	7,180	7,988	13,934	17,404
Total costs of revenue	$ 6,663	$ 8,360	$ 12,925	$ 16,736

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Matterport, Inc./DE 10-Q